View
467
Download
1
Category
Preview:
Citation preview
Comp is a Team Sport
Mykkah Herner, MA, CCPModern Compensation Evangelist
Kari Van Hoof, CCPCompensation Professional
A copy of the presentation and recertification credit will be sent out within a couple of business days
www.payscale.com
Kari Van Hoof, CCPCompensation Professionalhttps://www.linkedin.com/in/kvanhoof
Mykkah Herner, MA, CCPModern Comp Evangelist
https://www.linkedin.com/in/mykkahherner
www.payscale.com
Three-quarters of messages to employees about pay are delivered by managers
www.payscale.com
Only 17% of organizations are very confident in their managers’ abilities to
have difficult pay conversations
www.payscale.com
WHY?
https://unaffiliatedbuddhist.com/2011/03/01/we-rise-from-the-same-place-that-we-fall/zen-stones-in-sand/
www.payscale.com
If comp is a team sport, what are the positions?
How can I define manager involvement?
When and how do I get people to play?
Getting started
www.payscale.com
Team Positions
www.payscale.com
http://www.nbcolympics.com/news/preview-day-8-rowing-rio
Crew Positions as a Metaphor
Coxswain
Stroke
Bow
Engine Room
www.payscale.com
Crew Positions as a Metaphor
Coxswain
Stroke
Bow
Engine Room
HR
Executives Employees
Managers
www.payscale.com
The Coxswain: HR
• Align the strategy
• Coordinate processes
• Update and inform organization
• Provide resources
www.payscale.com
The Stroke: Executives
Set the pace
• Philosophy and strategy
• Transparency
• Approvals
www.payscale.com
The Bow: Managers
• Know employees
• Communicate
• Provide input to job descriptions, increases, and promotions
www.payscale.com
The Engine Room: Employees
• Be honest
• Listen actively
• Ask clarifying questions
www.payscale.com
Manager Involvement
www.payscale.com
Understanding Compensation
https://pauljackson1973.wordpress.com/2013/11/19/p2-development-vector-website/
Elements of a comp plan
• Philosophy• Strategy• Ranges• Policies• Processes
www.payscale.com
Providing Input
• Job Description• How the jobs align• Hiring rate• Promotions• Increases• Performance
www.payscale.com
Communicating
https://mollyfield.me/2012/09/23/communication-filters/
• Help managers understand the opportunity
• Clarify job expectations• Connect the dots• Reiterate key comp messages• Share market or range data• Communicate ongoing
www.payscale.com
Getting people to play
www.payscale.com
Find the right motivation
http://www.essexrowing.org/pr/library/2008/pr081708.html
www.payscale.com
Help them learn how to play
• Negotiation skills
• Communication skills
• Compensation knowledge
• Performance management proficiency
• Connect the dots
http://www.saratogarowing.com/learn-to-row-saratoga/
www.payscale.com
Identify things that may prevent them from playing
• Morale
• Trust
• Flexibilityhttp://hypnosishealthinfo.com/overcome-fear-
water-hypnosis-mp3-download/
www.payscale.com
Provide Resources
www.payscale.com
Celebrate your wins!
http://dev.riptapparel.com/best-photos-of-to2015-week-1/71275/
www.payscale.com
Getting Started
• How and when do conversations about pay happen at your organization?
• Is your compensation plan clearly articulated?
• Are your executives on board with your compensation plan?
• How much support will your managers need to play a more active role in compensation?
• Do you have the resources in place to support comp as a team sport in your organization?
PayScale Delivers Where Other Compensation Providers Fall Short
PayScale leads the world in compensation knowledge with the freshest and most detailed data from over 54 million salary profiles. More than 3500 organizations use PayScale’s software and intelligence to get the greatest return on their talent. Smart businesses use PayScale Insight to recruit, retain and motivate their people.
Visit our blog: www.payscale.com/compensation-todayJoin our Group on LinkedIn: Compensation Today: HR Best Practices
Kari Van Hoof, CCPCompensation Professional
Mykkah Herner, MA, CCPModern Compensation Evangelist
www.payscale.com
Recommended