Secrets to Better Pay at Work! | EP 104

03/12/2025 39 min Temporada 3 Episodio 45

Listen "Secrets to Better Pay at Work! | EP 104"

Episode Synopsis

Ever wonder why your salary feels like a mystery? The "black box" of compensation is finally opening up. In this episode, Scott Trumpolt—compensation consulting expert—reveals the pay transparency secrets HR departments do not openly discuss. We break down why compensation has been so secretive, how younger generations are demanding change, and what you need to know to take control of your career growth.✅ Why compensation has been treated as "hush hush."✅ The shift toward pay transparency and what it means for you.✅ How to link your pay to career development (the key to retention). ✅ Coaching strategies for managers having tough pay conversations. ✅ Real-world example: How one manager's pay issue revealed systemic problems. ✅ The employee's role: Active listening and career ownership. ✅ How mentorship can transform your professional trajectory. Whether you're feeling underpaid, stuck in your career, or managing a team navigating compensation discussions, this conversation will change how you approach pay and career development.Chapters00:00 Introduction to Compensation Consulting01:44 Understanding Black Box Compensation05:38 The Importance of Pay Transparency07:47 Real-World Example of Pay Issues11:33 Coaching Managers for Effective Pay Conversations17:20 Scott's Journey to Consulting21:12 Insights from The Defragmented Consultant Book26:05 Bridging the Gap: HR and Management Collaboration30:46 Empowering Employees: The Role of Active Listening35:23 Spotting Potential: Mentorship and Career Growth39:27 Success Stories: Transformative Client Experiences43:23 Final Thoughts: Empowerment and Transparency👤 ABOUT SCOTT TRUMPOLTScott is a compensation consulting expert specializing in pay transparency, employee engagement, and HR strategies. His work focuses on transforming "black box compensation" into clear, development-linked frameworks that drive retention and manager effectiveness.FOLLOW SCOTT TRUMPOLTBook an Appointment | Book | Website | LinkedIn📧 GET WEEKLY PEOPLE MANAGEMENT INSIGHTSSubscribe to The Manager's Mic newsletter for actionable strategies on leadership, compensation conversations, and career development.→ Real-world management solutions delivered to your inbox → DiSC-certified insights and frameworks → Proven strategies from $100M+ in revenue impact 👉 Podcast Website