Comp + Coffee

Russ & Sarah discuss how to keep your employees feeling appreciated in a time of COVID and remote work.

Bill, Matt, and Russ discuss the evidence and likelihood that the possibility of remote work is permanently influencing the landscape of talent pools and what the implications are for HR and compensation.

Bill, Matt, & Russ use the City of San Francisco's upcoming proposed ballot initiative--Proposition L---to discuss the pros and cons of governments creating business taxes for companies with a high CEO-to-median-employee pay ratios.  

Bill, Matt, & Russ discuss why getting job descriptions right is the critical first step in analyzing and establishing gender and racial pay equity.

Kim, Erica, & Russ take a deep look at the concept of salary structures.  Why do comp professionals spend so much time with them?  What are the different types? When should you consider, for example, job-based ranges over traditional grades and structures and vice versa?

In this episode, Bill, Matt, & Russ discuss the questions that most compensation practitioners are asking themselves now: How unique are the current economic conditions and talent market? What are going to be the challenges of getting accurate market data for 2020? Are their opportunities to look to the past for guidance? Are there risks?

Just as everyone seems to be adjusting to the new normal of working from home if possible, the country is starting to reopen and businesses are now focusing on trying to determine when and how to return to work post COVID-19 shutdowns. In this episode, Matt, Bill, & Russ discuss what we're hearing and seeing regarding the details, approaches, and challenges organizations are working through to safely and efficiently open while meeting the evolving expectations and concerns of their talent. Would you like to leave us feedback? Email us: coffee@payfactors.com  

To help facilitate communication in these uncertain times Payfactors has been hosting virtual industry meet-ups of compensation and HR professionals.  To date, we've met separately with members of several different industries including hospitality, airline, retail and healthcare. In this episode, Matt, Bill, & Russ discuss the trends, topics, and insights that have come from the practitioners on the front line. Would you like to leave us feedback? Email us: coffee@payfactors.com

On this episode we're joined by Margarita Wear from the Maier Law Group in San Rafael, California. https://maierlawgroup.com/margarita-wear   Margarita talks with us about California's assembly bill 5 (AB-5) law and what it means for HR and compensation pros.   Relevant links: Vox Cuts Hundreds of Freelancers: https://www.latimes.com/business/story/2019-12-17/vox-media-cuts-hundreds-freelancers-ab5 Instacart Likely to Flunk AB5:  https://www.sfchronicle.com/business/article/Court-says-Instacart-flunks-AB5-shoppers-should-15083096.php Borello Law:  https://www.dir.ca.gov/dlse/faq_independentcontractor.htm Cali Court Exempts Truckers From Gig Law:  https://www.reuters.com/article/us-employment-california-truckers/california-court-says-truckers-exempt-from-gig-worker-law-idUSKBN1Z82TP Uber, Postmates Sue California Over AB-5:  https://www.cnbc.com/2019/12/30/uber-postmates-sue-california-over-ab5.html NY to Become Next Battleground for Gig Law:  https://news.bloomberglaw.com/daily-labor-rep

We continue our discussion from episode 46 and dive into practical ways you can think about measuring and communicating the results of compensation management.

Tessa joins Kaite, Bill, and Shawn to discuss the findings of a recent survey on the measurement of compensation that was done with Human Capital Media.   Download the survey report at: https://info.payfactors.com/comp-measured-report-lpnd Listen to the webinar to get further into it: https://info.payfactors.com/how-is-comp-measured-2020-lpnd Glossy/Matte photo of Bill? coffee@payfactors.com  

On this episode we're joined by Russ Wakelin, chief experience officer at Payfactors. Russ talks with us about compensation strategy being at the center of profit, risk, and growth. We also discuss how compensation pros can better align with these drivers to show the values of compensation to executives.   Link to Arizona Total Rewards event where Russ will be speaking in Feb 2020: https://aztotalrewards.com/meetinginfo.php?id=70&ts=1579716316  

Before we dive fully into 2020, we look back at the happenings of 2019 through the eyes of compensation. A comp retrospective, if you will.   Links to items we mention: Massachusetts Equal Pay Act (July 2018): https://bit.ly/30kDsi7 Minimum wage changes in 2020: https://abcn.ws/30jnvc8 Minimum Wage Map: https://www.minimumwagemap.com/ The NYT article on tax cuts: https://nyti.ms/2Tu686S The LA Times article on the same topic: https://bit.ly/30kcU0B Upcoming W@W Webinar, "How Should Compensation Be Measured?": https://bit.ly/2NotbMT

In this episode we discuss the importance of job descriptions, why compensation should own them, and then we cover some ways that keeping them updated can be relatively painless.

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-goggins-comp-coffee/ BJ Fogg Tiny Habits(tm):  https://www.tinyhabits.com/

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 employees": https://thehustle.co/09232019-accelerated-pay-wages/

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 inequality and associated audits.   Want to hear more on this topic? Join us at CompCon on Oct 21-22 in SF. The head of total rewards at Salesforce will discuss their journey to pay equality. http://www.compcon.com