In this episode of the Built by People podcast sponsored by Previ, host Dave D'Angelo welcomes Patrick Simmons, an HR executive with over 30 years of experience in compensation and benefits, currently at Ecobat. Patrick shares his career journey, emphasizing the importance of market pricing in developing pay programs while acknowledging its limitations. He also discusses the challenges and opportunities posed by pay transparency laws and offers insights into creating compensation strategies that span multiple countries and markets. Patrick's parting advice underscores the value of interpretation over observation and the need for intellectual rigor in decision-making.

00:18 Sponsor Message: Previ's Financial Well-being Benefit
00:43 Guest Introduction: Patrick's Career Journey
03:11 The Flaws of Market Pricing in HR
09:37 Balancing Math and Subjectivity in Compensation
11:20 Navigating Pay Transparency
14:46 Creating Global Compensation Strategies
16:53 Parting Advice and Conclusion

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