The State of Compensation Part 2—New Data and How Companies Should Respond

02/04/2024 30 min Episodio 43
The State of Compensation Part 2—New Data and How Companies Should Respond

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Episode Synopsis

How do you compensate team members fairly so that they’re happy and don’t start looking elsewhere? In this episode of HR Unplugged, we welcomed back Alex Bertin, BambooHR’s Head of Total Rewards, to talk more about compensation and benefits strategies. Alex sits down with our Head of HR, Anita Grantham, to discuss when leaders should talk to employees about compensation, how to build efficient pay processes, pay transparency, and more.Alex and Anita also tackle the debate on whether on-site workers should be paid more than remote workers and how to assess compensation based on business impact.Key moments:What the data on compensation levels saysHow often should leaders bring up compensation with their teamWhy leaders need to build and understand the compensation processThe debate on pay transparencyShould on-site workers be paid more than remote employees?How to assess the impact of a role/employee on the business Key links:Subscribe to HR Unplugged Series: https://www.bamboohr.com/resources/podcasts/hr-unplugged/Join HR Heroes Slack Community: https://join.slack.com/t/hrheroesworkspace/shared_invite/zt-21ad3f1r8-dkWC2EdmyhxUAHw9cGLdQwBamboo HR Homepage: https://www.bamboohr.com/

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