comp foundations: increase communication
TRANSCRIPT
Comp Founda+ons: Increase Communica+on
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Introduc+on Mykkah Herner, MA, CCP Modern Comp Evangelist
Angela Ulman, CCP Comp Professional
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54 Million Salary Profiles 10 Org types 350 Industries 15,000 Job Titles
2,300 skills, 4,200 cer+fica+ons
The World’s Largest Salary Database
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The Art
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Everyone has a role in communica+on
Communica+on Roles
Execu+ves • Communicate program to organiza+on at a high level
Managers • Communicate compensa+on details to employees
Employees • Bring ques+ons to
manager or HR
HR • Prepare communica+on, consult and inform Execu+ves,
train Managers
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Know your audience
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Watch the compensa+on jargon
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Don’t present issues without a way forward
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Prepare, Prepare, Prepare
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Be direct and also empathe+c
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Communicate early and o[en
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Transparency Spectrum
4. Market Study and Comp Processes known
• Philosophy explained to employees
• High level strategy shared with EEs; full strategy shared with mgrs
• Mgrs know all ranges to their level; EEs know ranges in their path and how to advance
• Market study provider known; EE to market results known by EE
• Manager & Employee discuss EE pay
5. Managers Trained to Talk Pay
• Philosophy explained to employees
• High level strategy shared with EEs; full strategy shared with mgrs
• Mgrs know all ranges to their level; EEs know ranges in their path and how to advance
• Co-‐wide results known; EE to market results known by EE
• Manager & Employee discuss EE pay well
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The Science
Show them the data Here’s how…
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Op+on 1: Individual employee
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Op+on 2: Grouped bulk download
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The Execu+on
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Ad Hoc Urgent Requests
We don’t always get to decide when we want to talk about comp with employees
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Job Report
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Job Report: Compensa+on Summary
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Job Report: Job Summary
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Job Report: Benefits Summary
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Job Report: Salary by Experience
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Job Report: Methodology
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You’ve got the reports. How do you talk about
them?
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Employee Report
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Employee Report: Comp Philosophy
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Employee Report: Comp Summary
Understanding Posi+on in Range
• Performance • Experience • Skillset
Range Midpoint Minimum Maximum
$20,000 $32,000 $26,000
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Employee Report: Wage Trends
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Employee Report: EE pay to Market
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Employee Report: Market Data & Trends
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Performance & EE Range Distribu+on
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Employee Report: Range Distribu+on
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Employee Report: Total Comp Statement
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Employee Report: FAQs
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Employee Report: FAQs
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Employee Report: FAQs
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The Bofom Line Speaking with employees about pay creates an opportunity for managers to connect with their employees, learn what mo+vates them, and brag about your company values. Don’t skimp out!
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Q & A
(we’ll email this out)
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