While on the road at the ADP Pro Summit, David sits down with colleague Dino Zincarini to talk about compensation strategies, how they’re being challenged, and how some companies are navigating the necessary change.
In this episode, Dino talks about compensation trends and insights from his latest projects.
Chapters: [0:00 -1:41] Introduction
•Welcome, Dino!
•Today’s Topic: Compensation strategy and trends
[1:50 -12:06] Are current compensation strategies working?
•How working from home affects compensation strategies
•Will pay transparency be affected by compensation policy changes?
[12:18 -16:19] Practical first steps for revamping compensation strategies
•Begin by understanding your compensation strategy
•Review your people data
[16:28 -17:53] Final Thoughts & Closing
•Embrace challenges and opportunities
•Thanks for listening!
Quotes:
“In particular, what's been interesting to me, looking for bigger trends, has been that the entire comp strategy is starting to be questioned. And that's a much bigger question that people haven't really been prepared to ask.”
“HR has opportunities everywhere there's challenges. These are also exciting opportunities for us. Data cleansing is an opportunity to elevate the value of the information we curate. Compensation disruption is an opportunity to elevate our value in leading a change in an area that would otherwise hurt a company. These are all opportunities to really show why we're here and the value we provide.”
