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Creating Pay Transparency In The Workplace презентация
Содержание
- 2. Rusty Lindquist VP OF HR INSIGHTS AT
- 3. Pay Transparency Matters Defining Transparency The Transparency Spectrum Moving to Greater Transparency Immediate Actions Agenda
- 4. Pay Transparency gets everyone in the same boat, paddling in the same direction.
- 5. Why Would Anybody be More Transparent about
- 6. Employees who perceive a ‘fair and
- 7. Workforce Demographics…
- 8. … are changing
- 9. Everybody’s doing it…
- 10. ...whether they want to or not CEO to worker ratios 990s Say on Pay
- 11. Defining Transparency Defining Transparency
- 12. What are we being transparent about? Pay
- 13. Pay Philosophy
- 14. Defining the competition Aiming to meet or
- 15. Pay Practices
- 16. Market Studies
- 17. Salary Rates
- 18. The Transparency Spectrum
- 20. 1. Only own pay
- 21. Philosophy shared with managers High-level strategy shared
- 22. 3. Company Pay Philosophy Philosophy shared with
- 23. 4. Market Study & Comp Processes known
- 24. 5. Managers Trained to Talk Pay
- 25. Philosophy explained to employees Full strategy shared
- 26. Philosophy explained to employees Full strategy shared
- 27. Gartner Hype Cycle VISIBILITY TIME
- 28. Adoption Curve VISIBILITY INNOVATORS EARLY
- 29. Moving to greater transparency
- 30. Explain what transparency is (and isn’t) Link transparency with results that matter Gain executive support
- 31. Provide information about the business, rationale for
- 32. What’s the makeup of your workforce? Are
- 33. ecider A ccountable R esponsible C onsulted I nformed Get clear about roles
- 34. Develop a plan
- 35. Functional Transparency
- 36. Immediate Actions Assess your workforce Educate yourself
- 37. Follow BambooHR and PayScale on social media:
- 38. Questions? BambooHR Receive a free job
Rusty Lindquist VP OF HR INSIGHTS AT BAMBOOHR Paige Hanley, CCP SENIOR COMPENSATION PROFESSIONAL AT PAYSCALE
Слайд 2Rusty Lindquist
VP OF HR INSIGHTS AT BAMBOOHR
Paige Hanley, CCP
SENIOR COMPENSATION PROFESSIONAL
Слайд 3Pay Transparency Matters
Defining Transparency
The Transparency Spectrum
Moving to Greater Transparency
Immediate Actions
Agenda
Слайд 5Why Would Anybody be More Transparent about Pay?
Pay Transparency
Trust
Better Business Outcomes!
Engagement
Слайд 6
Employees who perceive a ‘fair and transparent pay practice’ have lower
intent to leave and higher satisfaction
Intent to leave
Satisfaction
Слайд 12What are we being transparent about?
Pay Philosophy
Pay Strategy
Pay Practices
Market Studies
Pay
Rates
Слайд 14Defining the competition
Aiming to meet or exceed the competition
Deciding what matters
Acknowledging
various segments
Pay Strategy
Слайд 21Philosophy shared with managers
High-level strategy shared with managers
Plan shared with managers
Manager
and employee discuss employee’s pay
2. Manager & Employee
Talk About Pay
Слайд 223. Company Pay Philosophy
Philosophy shared with employees
Strategy shared with managers
Plan shared
with employees; ranges shared with employees and managers
Do a market study
Manager and employee discuss employee’s pay
Do a market study
Manager and employee discuss employee’s pay
Слайд 234. Market Study & Comp Processes known
Philosophy explained to employees
High-level strategy
shared with employees; full strategy shared with managers
Managers know all ranges to their level; employees know ranges in their path and how to advance
Market study provider known; employee to market results known by employee
Manager and employee discuss employee’s pay
Managers know all ranges to their level; employees know ranges in their path and how to advance
Market study provider known; employee to market results known by employee
Manager and employee discuss employee’s pay
Слайд 245. Managers Trained to Talk Pay
Philosophy explained to employees
High-level strategy
shared with employees; full strategy shared with managers
Managers know all ranges to their level; employees know ranges in their path and how to advance
Company wide results known; Employee to market results known by employee
Manager and employee discuss employee pay well
Managers know all ranges to their level; employees know ranges in their path and how to advance
Company wide results known; Employee to market results known by employee
Manager and employee discuss employee pay well
Слайд 25Philosophy explained to employees
Full strategy shared with employees
All ranges shared with
employees; budget and increase process / cycle known
Department-wide results known
Manager and employee discuss employee pay well
Department-wide results known
Manager and employee discuss employee pay well
6. Published Ranges & Grades
Слайд 26Philosophy explained to employees
Full strategy shared with employees
All ranges shared with
employees; budget and increase process / cycle known
Employee to market results shared
Everybody knows everybody’s pay
Employee to market results shared
Everybody knows everybody’s pay
7. Everybody Knows Your Salary
Слайд 27Gartner Hype Cycle
VISIBILITY
TIME / MATURITY
Trigger
Peak of Inflated Expectations
Trough of Disillusionment
Slope of
Enlightenment
Plateau of Productivity
Слайд 28Adoption Curve
VISIBILITY
INNOVATORS
EARLY
ADOPTERS
EARLY
MAJORITY
LATE
MAJORITY
LAGGARDS
Chasm of Wants
Слайд 30Explain what transparency is (and isn’t)
Link transparency with results that matter
Gain
executive support
Слайд 31Provide information about the business, rationale for increasing communication, and tools
for success
Expect more to get more
No really, train them on communication
Expect more to get more
No really, train them on communication
Train Managers
Слайд 32What’s the makeup of your workforce?
Are they ready for more transparency?
Do
they want it?
Assess Workforce
Слайд 36Immediate Actions
Assess your workforce
Educate yourself further about transparency
Notice what you already
do in your org
Think about what “pushing the envelope” means to you
Begin talking with your executives
Think about what “pushing the envelope” means to you
Begin talking with your executives
Слайд 37Follow BambooHR and PayScale on social media:
bamboohr.com/blog | payscale.com/compensation-today
Thank you!
Слайд 38Questions?
BambooHR
Receive a free job posting on our ATS and full HRIS
for one week.
We will contact everyone within the next few days to set this up.
Download a free ebook on communicating compnesation.
PayScale
http://resources.payscale.com/hr-ebook-communication.html
