webinar-comp is a team sport
TRANSCRIPT
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
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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
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Only 17% of organizations are very confident in their managers’ abilities to
have difficult pay conversations
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WHY?
https://unaffiliatedbuddhist.com/2011/03/01/we-rise-from-the-same-place-that-we-fall/zen-stones-in-sand/
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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
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Team Positions
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http://www.nbcolympics.com/news/preview-day-8-rowing-rio
Crew Positions as a Metaphor
Coxswain
Stroke
Bow
Engine Room
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Crew Positions as a Metaphor
Coxswain
Stroke
Bow
Engine Room
HR
Executives Employees
Managers
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The Coxswain: HR
• Align the strategy
• Coordinate processes
• Update and inform organization
• Provide resources
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The Stroke: Executives
Set the pace
• Philosophy and strategy
• Transparency
• Approvals
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The Bow: Managers
• Know employees
• Communicate
• Provide input to job descriptions, increases, and promotions
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The Engine Room: Employees
• Be honest
• Listen actively
• Ask clarifying questions
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Manager Involvement
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Understanding Compensation
https://pauljackson1973.wordpress.com/2013/11/19/p2-development-vector-website/
Elements of a comp plan
• Philosophy• Strategy• Ranges• Policies• Processes
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Providing Input
• Job Description• How the jobs align• Hiring rate• Promotions• Increases• Performance
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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
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Getting people to play
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Find the right motivation
http://www.essexrowing.org/pr/library/2008/pr081708.html
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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/
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Identify things that may prevent them from playing
• Morale
• Trust
• Flexibilityhttp://hypnosishealthinfo.com/overcome-fear-
water-hypnosis-mp3-download/
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Provide Resources
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Celebrate your wins!
http://dev.riptapparel.com/best-photos-of-to2015-week-1/71275/
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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?
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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