Comp and Coffee

We talk a lot about how technology has changed compensation. But we don't often discuss how technology has changed how we work in general. In this episode we step back and do just that. We also discuss how to use technology in the right ways to help your productivity.

In this episode we discuss minimum wage changes and the associated compression that can occur with them.   To access the interactive Minimum Wage Map we mention, go to  https://minimumwagemap.com/

In this episode we give a quick recap of the only compensation conference that matters, CompCon.   You can keep up to date with CompCon 2020 happenings at https://compcon.com/   Here are the links mentioned in the episode: Gummy Bear Song (don't listen -- it'll get trapped in your head):  https://www.youtube.com/watch?v=astISOttCQ0 David Goggins on Comp & Coffee:  https://payfactors.com/david-gogg...

As our team gets ready for the second annual CompCon in San Francisco today, we're joined in this episode by our very own Kim Taylor, CCP, GRP. Kim joins us to discuss median versus outliers and what a focus on each means to compensation strategy.

On this episode we talk about some recent articles that featured compensation news, including searching for a higher paying job and on-demand access to earned wages.   Fortune article, "If You Want a Higher Paying Job, the Time to Quit is Now": https://fortune.com/2019/09/24/should-i-quit-for-a-higher-paying-job/   The Hustle, "The perk of werk: Companies are using ‘accelerated pay’ to entice new...

Bill's still on his trip to Tahiti. Kaite's still out running errands. And Shawn's still doing pull-ups thanks to that last podcast.   So today we're delivering the audio of a recent webinar we did in partnership with The Predictive Index. The topic was reducing pay inequality, and Payfactors' very own Kim Taylor joined Jackie Dube, VP of Talent Optimization at The Predictive Index to chat pay ine...

David Goggins, author of "Can’t Hurt Me: Master Your Mind and Defy the Odds" joins us to talk about his incredible life and what he learned along that way from perpetual victim to active duty Navy SEAL to world class ultra athlete and world record holder.   If this man doesn't serve as an inspiration, I'll need to check your pulse.   David covers: * Callousing your mind * Being uncommon amongst un...

Cole Nussbaumer Knaflic from Storytelling with Data joins us on this podcast. Cole was previously on the people analytics team at Google. She joins us to talk about:   How to tell stories with data, and how to get people to remember what you want them to How to prepare for a key presentation Key tips and tricks to help sway your audience Check out Cole's book, "Storytelling with Data: A Data Visua...

On this special episode we cover the Business Roundtable's recent statement about taking all stakeholders -- not just shareholders -- into account, and what it means for compensation.   You can read the statement here: https://www.businessroundtable.org/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans   Other things we mentioned: - Salesfor...

Today we wrap up our conversation around the evolution of the compensation strategist. The topic is becoming a business ally, and when you achieve it, you know you're at your best, doing what comp was meant to do.   If you're interesting in having further conversations around this topic, reach out! coffee@payfactors.com.   🎉🎉And join us at CompCon - https://compcon.com/ 🎉🎉   Download the eBook...

In the first part of this series, we covered the foundational element of becoming a comp strategist -- being organized with all your data in one place so that tech is your analyst and you're not longer continually reactive.   In this second part, we discuss what to do with the time you have freed up. Namely, communicate across your organization so everyone understands why they're paid what they're...

On this episode we start a three-part series on compensation strategy: what a compensation strategist is, how their day-to-day is different, and how you can become one. Want to learn more about the changes happening in compensation and how you can adapt to them strategically? Register for CompCon in SF Oct 21 - 22.

In this episode we talk with Dr. Achyuta Adhvaryu, assistant professor at the University of Michigan. He recently completed a study on soft skills in the workplace, finding that soft skills training on-the-job boosts worker productivity and generates large returns for the firm.   Link to study: https://www.nber.org/papers/w24313.pdf

Heading into the July 4th holiday in the US we discuss the value of vacations and how they can affect your company.   Stats we cite during the podcast: Vacationers experience an 82 percent increase in job performance 34% take under half of their allotted PTO time each year For the first time in recorded history, more than half of Americans (55%) left vacation days unused, which equates to 658 mill...

You've no doubt received this question in interviews. "What's your biggest weakness?" But this episode goes well beyond that.   We welcome Rick Mace, former startup CEO and current executive partner at Siris Capital to the podcast to discuss:    * Why your strengths are also your weaknesses  * How you can identify your strengths (and weaknesses)  * A real-time strengths and weaknesses identificati...

In this episode we welcome Mike Zani, CEO of The Predictive Index. Mike joins us to talk about compensation from a CEO's perspective, what an enlightened talent leader is, and why it's better to make errors of action than errors of inaction. Items mentioned in this podcast: The Predictive Index: https://www.predictiveindex.com Jim Collins's books: https://www.amazon.com/Jim-Collins/e/B001H6GSHK QB...

One this episode of Comp & Coffee we cover focus. Or, more specifically, how can you get stuff done with all the distractions that abound?   Here's a list of links we discuss during the podcast: Recode, Decode podcast — with Jason Fried of Basecamp Noisli Coffitivity One Thing by Gary Keller Rework by Jason Fried and David Heinemeier Hansson It Doesn’t Have to Be Crazy at Work by Jason Fried   Lik...

In this episode we're joined by Kim Taylor, CCP, GRP. Kim joins us to talk about salary structures. We cover the basics of what they are and what they're put in place, but this wouldn't be Comp & Coffee without a stir. So we talk about other ways to tackle this concept, as well.  Like conversations like this? Then join us in Oct in SF for CompCon. (http://www.compcon.com)

In this episode Shawn and Kaite welcome John Sutliffe. John joins us to talk about a survey he recently completed in conjunction with Human Capital Media, and what the findings mean for the future of compensation data.

Mark Szypko joins us. Mark lead total rewards at Magic Leap and Avid, and has recently joined Fresenius Medical. Mark stopped by to chat about budgeting for raises, including:   * Making sure that they're in line with your compensation philosophy * How you think differently about 3% raises * What happens if you get stuck with the 3% budget? * What other strategies shift the conversation?   If you...

In this episode we dive into great 1:1 meetings. Critical to everyone, but especially critical as we want to better communicate the value of great compensation management.   We're joined in this episode by Courtney Bigony, Director of People Science at 15five. We discuss:   * Why should you hold one-on-one meetings, and what goals you should set for them * How to stay away from the status update o...

We're excited to announce the return of CompCon! CompCon brings together compensation pros and challenges everything you think you know about conferences. Join us for CompCon in San Francisco on Oct 21st, and get a discounted ticket using the code KRASON.  http://www.compcon.com

In this episode we welcome Dawn Dugan to the show. Dawn is well versed in the gamification of compensation. We talk what gamification is all about, how it relates to compensation, and what comp pros can do with it.

In this episode of Comp + Coffee we talk about salary compression. What is it? Why does it happen? And what can compensation pros do about it?

In this episode we discuss the value of college degrees, especially as they relate to the rise in tuition in the United States. We also talk about what this means for compensation managers.