Compensation can be tricky, few things carry as much emotional weight as comp. And with the increased transparency in the market, combined with our collective propensity to rate ourselves against others, the frequency of these very difficult conversations is increasing.
In this webinar will deconstruct some of the psychology around comp. We’ll take an analytic look at comp’s role in the employee experience, and then we’ll get really tactical with guidance on very specific compensation conversations.
Creating Pay Transparency In The WorkplaceBambooHR
View with recording here: http://ow.ly/SFVnK
Pay transparency can be one of those topics that people shudder at. But there are many layers of pay transparency and a good strategy will help boost productivity and retain top talent.
Communicating Compensation to Executives and ManagersBambooHR
Being able to communicate compensation can be tricky. There are a lot of variables when presenting this to executives and managers. But it's vital you get it right so that you keep your best talent.
B. H. Burke & Co., Inc. presented at MAIA\'s Big Event 2011 in Boston. How to find producers, pay them, and what they should be doing (with new technology).
Best Practices in Managing Employee TurnoverBambooHR
You spend too much time and energy to get the right people on your team to just stop worrying about them once they're on. This slideshare looks at employee turnover and how you can minimize it.
An ideal culture is not about copying the Google's and Zappo's of the world. There are meaningful pieces that help to create a place of work that encourages performance and growth. In this slideshare we discuss what makes an ideal culture and how you can get there.
Webinar-Comp is Culture: Findings from PayScale's 2017 Compensation Best Prac...PayScale, Inc.
Compensation reflects your culture. However, there's a disconnect between how employers think their employees feel about pay and how employees feel. The 2017 Compensation Best Practices Report supports this disconnect: 44% of employers say their employees are fairly paid, but only 20% of employees agree.
Join PayScale and BambooHR as we discuss more interesting findings from the 2017 Compensation Best Practices Report. We’ll also discuss how organizations use modern compensation practices to get positive business results.
Register for this webinar and you’ll learn:
-What trends exist in pay transparency
-Why the standard 3 percent raise might be on its way out
-Why you should consider paying more for competitive jobs
-How to align variable pay to business goals
Uncommon Things That Top Performing HR Professionals DoBambooHR
There is a distinct correlation between certain HR practices and business success. Things like pay practices and pay transparency, culture and employee engagement. The need to leverage human capital to create market value is a role that influential HR departments are taking on.
Creating Pay Transparency In The WorkplaceBambooHR
View with recording here: http://ow.ly/SFVnK
Pay transparency can be one of those topics that people shudder at. But there are many layers of pay transparency and a good strategy will help boost productivity and retain top talent.
Communicating Compensation to Executives and ManagersBambooHR
Being able to communicate compensation can be tricky. There are a lot of variables when presenting this to executives and managers. But it's vital you get it right so that you keep your best talent.
B. H. Burke & Co., Inc. presented at MAIA\'s Big Event 2011 in Boston. How to find producers, pay them, and what they should be doing (with new technology).
Best Practices in Managing Employee TurnoverBambooHR
You spend too much time and energy to get the right people on your team to just stop worrying about them once they're on. This slideshare looks at employee turnover and how you can minimize it.
An ideal culture is not about copying the Google's and Zappo's of the world. There are meaningful pieces that help to create a place of work that encourages performance and growth. In this slideshare we discuss what makes an ideal culture and how you can get there.
Webinar-Comp is Culture: Findings from PayScale's 2017 Compensation Best Prac...PayScale, Inc.
Compensation reflects your culture. However, there's a disconnect between how employers think their employees feel about pay and how employees feel. The 2017 Compensation Best Practices Report supports this disconnect: 44% of employers say their employees are fairly paid, but only 20% of employees agree.
Join PayScale and BambooHR as we discuss more interesting findings from the 2017 Compensation Best Practices Report. We’ll also discuss how organizations use modern compensation practices to get positive business results.
Register for this webinar and you’ll learn:
-What trends exist in pay transparency
-Why the standard 3 percent raise might be on its way out
-Why you should consider paying more for competitive jobs
-How to align variable pay to business goals
Uncommon Things That Top Performing HR Professionals DoBambooHR
There is a distinct correlation between certain HR practices and business success. Things like pay practices and pay transparency, culture and employee engagement. The need to leverage human capital to create market value is a role that influential HR departments are taking on.
Communicating Compensation to Executives and ManagersBambooHR
Communicating compensation can be like walking a minefield—mistakes can be disastrous and getting it right is critical to your organization’s health and well-being. In this webinar, we’ll discuss the strategy of communicating compensation, how to make and execute a compensation plan, and how to include executives and managers in the conversation. We’ll also talk about pay transparency, and how to use compensation conversations as an opportunity to build both your culture and your internal influence.
The X Factor Firm, Hiring for Law Practice SuccessChelsey Lambert
Hiring for your law practice shouldn’t be taken lightly. The people you add to your team are not only a reflection of your business, but can affect a client relationship or a case outcome. Good hires can mean the difference between making money or losing it. Join us as we share a proven strategy for recruiting, hiring, training, and most importantly retaining the right people so you can quit worrying about your practice and start growing it.
Compensation Strategies for Fast Growing CompaniesBambooHR
In a market where getting good talent for your fast growing company is difficult, compensation strategies matter! This slideshare will make it easy for you to know what's important in a compensation strategy.
Full recording: http://bit.ly/1mcEgQD
This slideshare shows why our employees are often be distracted and how to get them back on track. By looking at what drives employee engagement, your teams will learn how to "be in the zone" more often.
Many salaried professionals feel stuck in a job that pays $60-80K. The leap to a six-figure income is easier than you think. It's all about changing just a few behaviors.
Five M.A.G.I.C steps to power employee engagementBambooHR
Take a look at the five drivers to engagement—including, meaning, autonomy, growth, impact, and connection to help your employees find greater satisfaction in their jobs.
В ходе доклада Том рассказал, как несколько раз становился миллионером и разорялся, как попал на страницы Forbes, также затронет темную сторону IT-рынка и расскажет про небольшие проблески, которые действительно могут озолотить, на собственных примерах постарается предотвратить вас от эпик фейлов. Этот доклад гарантированно «вернет многих на землю» и заставит переосмыслить свое поведение на рынке сегодня, завтра и послезавтра.
Build it | Glenn Elliott & Debra Corey | A guide to the best Employee Engagem...Muhammad Nizam Uddin
Build It: The Rebel Playbook for World Class Employee Management by Glenn Elliott (A software engineer by training and MBA drop out by choice, it took a ten-year corporate career for him to understand how employee disengagement feels.) & Debra Corey (Author, speaker, global rewards director and employee engagement rebel).
Tough Comp Conversations: A Guide For Doing Them RightShelly Myers
Comp can be tricky… after all, few things carry as much emotional weight as comp. And with the increased transparency in the market, combined with our collective propensity to rate ourselves against others, the frequency of these very difficult conversations are increasing. To top it all off, they’re mostly being had by managers who are not ready for them, which is frightening, because getting these conversations wrong can be incredibly costly.
In this webinar will deconstruct some of the psychology around comp. We’ll take an analytic look at comp’s role in the employee experience, and then we’ll get really tactical with guidance on very specific compensation conversations. We’ll also talk about the interplay between comp and culture, and provide insight into how you can pave the path for these conversations to go smoother, even before they ever happen.
We hope you’ll join Payscale and BambooHR in this important discussion.
How Compensation Discussions Make Or Kill CultureBambooHR
Payroll is by far your biggest expense and the cost of getting it wrong is tremendous. It is also something that your employees are very interested in but is rarely communicated well. These slides look at how we tend to look at compensation, how we can make it more approachable, and a look at how the way you communicate compensation affects your culture.
Key learnings include:
• How to use compensation as a recruiting and retention strategy
• How to find the value in compensation beyond money
• How to communicate compensation so it boosts productivity
How to Make Sure Your Employees Feel Valued at WorkBambooHR
We have a foundational human need to feel valued, to feel appreciated, to feel like what we do matters, and is recognized. In HR we talk about “total rewards” or “rewards and recognition”. We may use all sorts of tactics to try to improve “employee engagement” but often miss some of the most important elements of this conversation. In this webinar we’ll dive deep into this human need to feel valued.
In this webinar, Tim Low, SVP of Marketing at PayScale, and Rusty Lindquist, VP of Thought Leadership at BambooHR will discuss why feeling valued is the key to sustaining great work and high performance. They will highlight what signals you need to watch out for to know when employees don’t feel appreciated. And most importantly, they will share concrete steps you can take to make sure your employees feel valued.
In the modern business world, HR departments have evolved to be architects and wardens of organizational culture, making them essential to the success of the organization. This is true particularly today as the gap between you and your competitors is defined less by what you do and more by who you are.
Having a strong, well-communicated employer brand can have tremendous benefits, including increasing the quality of your candidate pool, improving retention, creating organizational alignment within all levels of the organization, and boosting your reputation with customers and prospects.
In this webinar, PayScale and BambooHR will discuss the why and how of crafting a strong employer brand.
Communicating Compensation to Executives and ManagersBambooHR
Communicating compensation can be like walking a minefield—mistakes can be disastrous and getting it right is critical to your organization’s health and well-being. In this webinar, we’ll discuss the strategy of communicating compensation, how to make and execute a compensation plan, and how to include executives and managers in the conversation. We’ll also talk about pay transparency, and how to use compensation conversations as an opportunity to build both your culture and your internal influence.
The X Factor Firm, Hiring for Law Practice SuccessChelsey Lambert
Hiring for your law practice shouldn’t be taken lightly. The people you add to your team are not only a reflection of your business, but can affect a client relationship or a case outcome. Good hires can mean the difference between making money or losing it. Join us as we share a proven strategy for recruiting, hiring, training, and most importantly retaining the right people so you can quit worrying about your practice and start growing it.
Compensation Strategies for Fast Growing CompaniesBambooHR
In a market where getting good talent for your fast growing company is difficult, compensation strategies matter! This slideshare will make it easy for you to know what's important in a compensation strategy.
Full recording: http://bit.ly/1mcEgQD
This slideshare shows why our employees are often be distracted and how to get them back on track. By looking at what drives employee engagement, your teams will learn how to "be in the zone" more often.
Many salaried professionals feel stuck in a job that pays $60-80K. The leap to a six-figure income is easier than you think. It's all about changing just a few behaviors.
Five M.A.G.I.C steps to power employee engagementBambooHR
Take a look at the five drivers to engagement—including, meaning, autonomy, growth, impact, and connection to help your employees find greater satisfaction in their jobs.
В ходе доклада Том рассказал, как несколько раз становился миллионером и разорялся, как попал на страницы Forbes, также затронет темную сторону IT-рынка и расскажет про небольшие проблески, которые действительно могут озолотить, на собственных примерах постарается предотвратить вас от эпик фейлов. Этот доклад гарантированно «вернет многих на землю» и заставит переосмыслить свое поведение на рынке сегодня, завтра и послезавтра.
Build it | Glenn Elliott & Debra Corey | A guide to the best Employee Engagem...Muhammad Nizam Uddin
Build It: The Rebel Playbook for World Class Employee Management by Glenn Elliott (A software engineer by training and MBA drop out by choice, it took a ten-year corporate career for him to understand how employee disengagement feels.) & Debra Corey (Author, speaker, global rewards director and employee engagement rebel).
Tough Comp Conversations: A Guide For Doing Them RightShelly Myers
Comp can be tricky… after all, few things carry as much emotional weight as comp. And with the increased transparency in the market, combined with our collective propensity to rate ourselves against others, the frequency of these very difficult conversations are increasing. To top it all off, they’re mostly being had by managers who are not ready for them, which is frightening, because getting these conversations wrong can be incredibly costly.
In this webinar will deconstruct some of the psychology around comp. We’ll take an analytic look at comp’s role in the employee experience, and then we’ll get really tactical with guidance on very specific compensation conversations. We’ll also talk about the interplay between comp and culture, and provide insight into how you can pave the path for these conversations to go smoother, even before they ever happen.
We hope you’ll join Payscale and BambooHR in this important discussion.
How Compensation Discussions Make Or Kill CultureBambooHR
Payroll is by far your biggest expense and the cost of getting it wrong is tremendous. It is also something that your employees are very interested in but is rarely communicated well. These slides look at how we tend to look at compensation, how we can make it more approachable, and a look at how the way you communicate compensation affects your culture.
Key learnings include:
• How to use compensation as a recruiting and retention strategy
• How to find the value in compensation beyond money
• How to communicate compensation so it boosts productivity
How to Make Sure Your Employees Feel Valued at WorkBambooHR
We have a foundational human need to feel valued, to feel appreciated, to feel like what we do matters, and is recognized. In HR we talk about “total rewards” or “rewards and recognition”. We may use all sorts of tactics to try to improve “employee engagement” but often miss some of the most important elements of this conversation. In this webinar we’ll dive deep into this human need to feel valued.
In this webinar, Tim Low, SVP of Marketing at PayScale, and Rusty Lindquist, VP of Thought Leadership at BambooHR will discuss why feeling valued is the key to sustaining great work and high performance. They will highlight what signals you need to watch out for to know when employees don’t feel appreciated. And most importantly, they will share concrete steps you can take to make sure your employees feel valued.
In the modern business world, HR departments have evolved to be architects and wardens of organizational culture, making them essential to the success of the organization. This is true particularly today as the gap between you and your competitors is defined less by what you do and more by who you are.
Having a strong, well-communicated employer brand can have tremendous benefits, including increasing the quality of your candidate pool, improving retention, creating organizational alignment within all levels of the organization, and boosting your reputation with customers and prospects.
In this webinar, PayScale and BambooHR will discuss the why and how of crafting a strong employer brand.
Webinar-How to Communicate Compensation to Executives and ManagersPayScale, Inc.
Communicating compensation can be like walking a minefield—mistakes can be disastrous and getting it right is critical to your organization’s health and well-being. In this webinar, we’ll discuss the strategy of communicating compensation, how to make and execute a compensation plan, and how to include executives and managers in the conversation.
Attend this webinar and learn:
-How to engage the executive audience
-How to keep executives up-to-date with quick snapshots
-How to train managers to speak to employees about comp
In partnership with
BambooHR
Paying for Performance: a Critical Tool to Fuel Both Individual and Organizat...BambooHR
Compensation isn’t an event. Compensation is an evolution, and your employees track it in the only way they can: by comparison. They will compare their current situation to their coworkers’, to others in their industry and locale, and even to their prior experiences. Research from CEB, a Washington-based best-practice insight and technology company, shows that job-hunting activity jumps 6% on the anniversary of the hire date, 9% on the anniversary of a promotion, 12% after a birthday, and 16% after a high school reunion. When you factor measured performance into your pay strategies, you’re providing favorable comparison points and supporting the evolution of both your employees and your organization.
Join Victoria Hodgkins of BambooHR and Cami DeFoor of PayScale as they explore the important relationship between pay and performance, with five important factors to consider when linking pay to performance.
Getting Smart About Compensation: How to Know If You’re Doing It RightShelly Myers
Compensation is a core component of the employee experience, which itself is core to all of the stuff that really matters… like engagement, satisfaction, retention, and performance. These are the things that an organization relies on to succeed, because businesses don’t create value, people do. Our approach to comp is critical to our organization's success, yet all too often we're not really all that disciplined about it. And all too often we fail to recognize just how important it is. It's time to change all that.
In this webinar we'll arm you with solid economic evidence of the organizational impact of compensation, giving you crucial ammunition you can use to go advocate for a more disciplined approach. We'll also go into the practical steps you can take to step up your own approach to comp by building a comp strategy, implementing a market-based pay structure, building pay ranges, training managers, and so much more.
A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Conversations about pay are often perceived as scary, demoralizing, or just boring. However, done right, pay talk can be quite motivating.
Webinar - How to Communicate Compensation to EmployeesPayScale, Inc.
A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Conversations about pay are often perceived as scary, demoralizing, or just boring. However, done right, pay talk can be quite motivating.
View this webinar and learn:
-Why talking about pay with employees is so important
-How you can train your managers to have useful compensation conversations
-What typical situations you may encounter when it’s time to talk pay
In partnership with BambooHR
A study conducted by PayScale revealed that employees’ perceptions of how they are paid are a better predictor of their intent to stay than their actual fair pay to the market. These implications create a huge opportunity for employers to get it right when it comes to communicating pay effectively.
Conversations about pay are often perceived as scary, demoralizing, or just boring. However, done right, pay talk can be quite motivating.
To improve working culture and your employees behavior towards your business you can hire abundance coaching to improve values and principals of your organization.View this presentation and get our training plan.
4 Ways to Communicate Compensation That Drive Strategic OutcomesBambooHR
Compensation is one topic that we can be unsure how to communicate. This webinar shares important research on the why communicating compensation correctly is so important and how to do it so that it drives strategic outcomes.
A good start to improving the right kind of retention is to make sure you’re paying fairly and competitively to the market. In fact, research shows a link between fair and transparent pay practices, lower intent to leave, and overall greater job satisfaction.
Attend this webinar and learn:
-How compensation impacts retention
-The 3 truths about turnover
-The 5 keys to retaining top employees
5 Reasons You Should Pay Employees For PerformanceBambooHR
Pay can be a sensitive topic—but that doesn’t mean you shouldn’t talk about it. Understanding the link between pay and performance can be vague. This webinar looks at what pay for performance is, the top reasons why it works, what mistakes are being made and what you can do today to build productivity through pay.
PayScale: The Pay Transparency Challenge webinarPayScale, Inc.
Pay Transparency is one of the hottest topics in human resources right now. But what exactly does pay transparency mean?
Join Mykkah Herner, MA, CCP and Paige Hanley, CCP as they discuss pay transparency as a way of increasing trust within your organization to drive engagement, productivity, and business results.
Best Practices in Creating Employee EngagementBambooHR
This slideshare walks you through 16 elements that create or detract from employee engagement. From getting the space you need to right alignment, we help you think through these aspects of what your employees may be feeling.
Webinar: How to Communicate to Comp Executives and ManagersPayScale, Inc.
The messaging about your compensation plan is as important as the plan itself. In this webinar join Mykkah Herner and Paige Hanley as they discuss useful tips and tools for getting your compensation communications right with managers and executives.
Using Compensation to Motivate PerformanceBambooHR
When employee engagement drops, so does your organization’s performance. According to the State of the Global Workplace report, 85 percent of employees are either not engaged or are actively disengaged at work. This makes for about $7 trillion in lost productivity. It’s time to breathe new life into your engagement (and performance) strategy with our new webinar series.
In this first webinar of the series, we will discuss:
• The foundation of employee engagement
• Smart compensation strategy
• How to communicate pay decisions with employees effectively
• Strategies for building a pay-for-performance culture
Similar to Tough Comp Conversations: A Guide For Doing Them Right (20)
No Ego: How Leaders Can Cut the Cost of Drama, End Entitlement and Drive Big ...Naba Ahmed
Cy Wakeman proposes a radically different approach to HR leadership. Changing the ways leaders think and the strategies they use in their work is a serious and critical economic issue. Leaders should help others develop the great mental processes they need to eliminate self-imposed suffering and choose to be accountable for driving results.
Go Beyond: Go Beyond with Compliance TrainingNaba Ahmed
There are few words that will make corporate learners tune you out more quickly than "compliance” or “mandatory." Justin Muscolino, Head of North America Compliance Training for GRC Solutions, believes that compliance training can be engaging, interesting, and yes, sometimes fun - and he has the experience to back up that claim. Let’s be part of a push to remove this psychological block and do what’s best for our organizations. Who's in?
Set Employees Up for Success: Using Onboarding to Increase Engagement and Ret...Naba Ahmed
When a company's retention is low, it affects employee engagement. When engagement is low, it negatively affects our ability to retain good people. How do you stop the downward cycle? A strong onboarding program can help. It doesn't have to be costly, but it does have to be intentional. Join The Currence Group President Jennifer Currence to learn how to design and structure an efficient onboarding process.
Managing Employee Milestones and Moments that Matter Through a Digital Transf...Naba Ahmed
When implementing new technology in the workforce, it is important to ensure you have an effective HR business strategy in place. During the transition, employees will need to be trained on the capabilities of the technology to allow them to improve their workflow, rather than disrupt it. Everbridge Director of Sales Training and Enablement William Petersen will explain how to create an effective employee experience strategy during a period of digital transformation.
Assessing and Fostering a Culture of InnovationNaba Ahmed
Welcome to an interactive empowering session on how to sharpen your future through innovation management, which can help guide your company’s goals. During this webinar, Magnus Penker, international thought leader and author, will dive into how to assess and foster culture and capabilities for innovation.
Candidate Experience: Attract Top Talent Who Say “Yes” to Your Job OpportunitiesNaba Ahmed
Your company doesn’t have to be a household name to attract top talent. Nor do you have to spend tons of money. You can effectively showcase your company and sell people on your job opportunities by delivering a personalized hiring experience.
Join Chief Advisor & Strategist of the Wintrip Consulting Group, Scott Wintrip, as he explains how to attract the attention of quality candidates, design and run a faster and more engaging hiring process, and get prospective hires to sell themselves on accepting your job offer.
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Resources aren't always unlimited. Especially for smaller teams. This webinar will cover how to eliminate costs while maintaining a great candidate experience. OpExpert Founder Tanya Bourque will explore how the right tools and technology can enable your talent acquisition process.
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HR leaders in Financial Services are adopting the use of data and analytics faster than many other business functions and job roles. For so long their focus has been within the HR function; they express doubt regarding their ability to collaborate effectively with their Finance counterparts to uncover actionable insights. In fact, in a recent survey of 450 Financial Services professionals, 95% of respondents agreed that better integration of HR and Finance data was a top priority for the year.
Why is this so important? Because the demands on HR have changed significantly, as HR leaders move into a more strategic role. It requires both an increasingly forward-looking workforce strategy, and quantification of HR’s business contributions. This is compounded for the Financial Services sector, which is faced with rapidly changing regulatory and compliance requirements, and the need to attract and retain tech-savvy talent in an industry that is sometimes viewed as more traditional and less tech-savvy.
Join our webcast featuring top-ranked analyst and bestselling author of Competing on Analytics, Tom Davenport, to learn how analytics technology provides HR with unique insights that create strategic value.
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6. TIME
EMPLOYEE
ENGAGEMENT
Date of Hire
Peak of inflated expectations
Trough of disillusionment
Slope of enlightenment
Plateau of
productivity
Slope of
Disengagement
Slope of
Re-engagement
EmployeeJourney
15. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
There’s a Large Confidence Gap
• 70% of conversations about pay happen between managers
and employees (CEB)
• Only 19% of companies say they’re ”very confident” in their
managers’ abilities to have tough conversations about comp
with employees (PayScale CBPR)
• But only 1/3 have training for managers (PayScale CBPR)
16. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
Communicating the “WHY” of Pay Matters
• Most employees don’t know if they’re paid fairly or not.
• Perception of pay impacts employee satisfaction and intent to leave.
• 82% of employees are okay with low pay as long as they
understand the rationale.
17. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
What Employees BelieveAbout Pay
A survey of 71,000 people shows that most can’t identify how they’re paid compared to the market
18. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
What Managers Need to Know
1. Your company’s compensation philosophy, strategy and policies
2. Process for communicating comp – timeline
3. How to conduct the compensation review meeting
4. Communication best practices
19. Tough Comp Conversations: A Guide to Doing Them Right
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Compensation Philosophy
Tell managers how transparent your organization intends to be
20. Tough Comp Conversations: A Guide to Doing Them Right
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Strategy, Policies & Processes
• Results from your most recent market study
• How and when are market increases allocated?
• How are merit-based increases determined?
• How is range determined for a position?
• What will happen to pay in case of a promotion, demotion or transfer?
• What do you handle green-circled and red-circled outliers?
• Are out of cycle increases done, and if so, under what circumstances?
• If there are jobs / functions that will go through more frequent reviews?
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Prep for the Comp Review Meeting
1. Toolkit: Total Comp Statement, employee wage history, the team’s
wage history, job description, assigned goals
2. Scenarios to anticipate
3. Talking Points
4. Communication best practices
22. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
Total Compensation
Statement
24. Tough Comp Conversations: A Guide to Doing Them Right
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What Employees Want to Know
• Am I getting a raise?
• Am I getting a promotion? If not this cycle, then when is it
possible for my pay to be adjusted?
• How is my pay determined?
• What do I need to do to increase my value within the
organization and earn more?
• How does my pay compare to my peers?
25. Tough Comp Conversations: A Guide to Doing Them Right
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Communication Tips
• Sell the organization and mention all its value drivers
• Point out what’s good about the employee’s offer (if their pay is high
relative to his or her peers)
• Listen to the employee’s concerns to figure out what’s behind the ask
• Let employee know what they can do to increase their value within
the organization and earn more
32. Employee Journey
Journey of Re-engagement
Journey of Disengagement
ee
IdIdentity
Howyouseeyourself
ObObjective
Whereyouaregoing
MeMeaning
Findingfulfillment
AlAlignment
Doingworkthatfits
MoMomentum
Beinginmotion
EnEnvironment
Culture,Cues,Ecosystem
LeLeadership
Havingaguide
PlPlan
Knowingwhattodo
SpSpace
Havingspacetowork
ReRelationship
People&connections
GrGrowth
Mastery&Progress
CoContribution
Havingimpact
RnRenewal
Restorationandbalance
VaValue
Totalrewards
InInvestment
Skininthegame
ScScore
Measuringprogress
The building blocks of high
performing people, teams,
and organizations.
of engagement, satisfaction, and performance
16ELEMENTS
INFLUENCERS:
Factors that fuel work
INPUTS:
What you need to work
ACTION:
Getting work done
OUTPUTS:
What you get from work
33. Employee Retention Fewer active elements means
less engagement mass
less gravitational pull
longer orbits, and
more risk of loss
ee
ee
34.
35. Feeling appreciated, valued, and adequate rewarded for your effort.
Value
Total rewards
Va
Value
Rewards Recognition Compensation
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Conversation Scenarios
• No raise / budget, pay is already high
• No raise, performance doesn’t merit a raise
• Got a raise, disappointed that pay is not higher
• Employee brings their own salary data, asks for a raise
38. Tough Comp Conversations: A Guide to Doing Them Right
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No Raise, Pay is High
• Let them know their pay is high & where they are in the range
• Let them know how pay is determined
• What they can do to increase their earning potential going forward
• See if there’s other meaningful benefits you can provide
• Identify goals they can work on in the immediate future
39. Tough Comp Conversations: A Guide to Doing Them Right
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No Raise, Performance is Low
• Rationale for why they’re not eligible for a raise
• What actions they can take to be considered for an increase in the future
• Show them a way forward. Set specific performance goals to work on
• Set timeframe for checking in on progress
40. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
Got a Raise, Not Happy
• Highlight their key accomplishments and how pay is linked directly to
those accomplishments
• Remind them of the market value for their role & skillset
• Discuss why pay is fair and your involvement in getting them the raise
• Listen to what’s behind the concern
41. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
I found this salary report…
I need a raise.
• Not all data is relevant
• Reference your own data
• Explain the difference between pricing a job
versus pricing a person
42. Tough Comp Conversations: A Guide to Doing Them Right
bamboohr.com payscale.com
Tips for Your Next Increase Cycle
• Start planning for your next increase cycle now
• Get feedback from increase cycle from managers & employees
• Involve managers early in the next cycle
• If you’re changing your timeline, let people know you’re changing it
• Collaborate with managers in one central location
43. Your
Company
Moment
of Peak
Engagement
(Flow)
Departure / Disengagement
Triggers
Emotional Distancing
Maximum
Emotional
Sensitivity
Maximum
Risk of
Departure
Decision to
Re-engage
Emotional Refueling Onboarding / Reboarding
Employee Journey
Organizational Waste
Journey of Re-engagement
Journey of Disengagement
Disengagement Diagnostics
Stay Interviews
eNPS
Pulse Survey’s
Optimal
Employee
Orbit (Circular)
“Re-hire”
& “Re-board”
Intervention
Opportunities
Lowest
Gravitational Pull
45. Comp is about an
Exchange of Value
Not just Money
Experience in industry
Experience in market vertical
Experience in adjacent markets
Experience in field of discipline
Experience in adjacent disciplines
Experience with competitors
Product knowledge
Competitor knowledge
Time and experience in company
Education
Discipline training and certification
Supply and demand
Employer Value DriversEmployee Value Drivers
Base pay
Performance Pay
Paid time off
Benefits
Travel
Culture and environment
Work flexibility
Work/Life balance
Meaningful work
Who you work with
Challenging work
Opportunity to impact
Job security
Shared purpose / mission
Career advancement opportunities
Autonomy
Senior leadership
46. bamboohr.com payscale.com
Tough Comp Conversations: A Guide to Doing Them Right
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PayScale
Check out our blog Compensation Today: payscale.com/compensation-today
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Tough Comp Conversations: A Guide to Doing Them Right
Rusty Lindquist Camie Bailey
Vice President, Thought Leadership
BambooHR
Comp Software Implementation Manager
PayScale
Questions?