Comp + Coffee

Join Ruth Thomas, Chief Evangelist at Payscale, on this episode of Comp and Coffee as she delves into the world of salary surveys with Gerard Smith, Amy Bredemus, and Matt Chalek. Learn about the importance of participation in third-party salary surveys, how Payscale integrates and manages multiple survey data sources, and the impact of AI in improving compensation management. Tune in to discover tips for navigating survey provider changes, understanding data trends, and enhancing your compensation strategies.

Join Ruth Thomas, Chief Evangelist at PayScale, and her co-host Liz Sheffield as they recap their experience at the WorldatWork Total Rewards 2024 conference in Cincinnati, Ohio. This episode features in-depth discussions on the latest trends in reward and compensation, key takeaways from various sessions on AI, pay transparency, and personal reflections from industry professionals. Gain valuable insights on how to stay ahead in the ever-evolving landscape of compensation management.

In this episode of Comp & Coffee, Ruth Thomas discusses the upcoming WorldatWork Total Reward 2024 Conference. She is joined by Lexi Clarke, Chief People Officer at Payscale, and James Atkinson, VP of Data Products. They talk about the sessions they will be leading at the conference, including topics such as equipping people managers for effective pay conversations and the impact of AI on compensation. They also discuss the importance of continuous learning and networking at events like WorldatWork.  

In this episode of Comp & Coffee, hosted by Ruth Thomas, Chief Evangelist at Payscale, the podcast dives into the findings of Payscale’s 2024 Compensation Best Practice Report (CBPR). Guests Amy Stewart, Associate Director of Content Marketing and author of the CBPR, alongside Lulu Seikaly, Payscale’s Senior Corporate Attorney, share their insights on the evolving landscape of compensation management. Key topics discussed include the significant increase in organizations practicing pay transparency, the impact of artificial intelligence on compensation decisions, and the implications of minimum wage changes on compensation strategy. The episode also touches on the importance of pay communications, trends in pay equity, and the role of AI in reducing unfulfilling work. The discussions emphasize the importance of strategic compensation management to attract and retain talents, navigate legal landscapes, and foster employee trust and engagement.

In this episode of Comp and Coffee, Ruth Thomas and her Payscale colleagues, Brooke Grimes, James Atkinson, and Brittany Innes, discuss the latest innovations at Payscale in response to market demands and key compensation trends. They cover how Payscale is leveraging AI to enhance product and data offerings, particularly in job description management, and the role of AI in improving efficiency and fairness in HR practices based on insights from the Compensation Best Practice Report 2024. The team also delves into Payscale's efforts to simplify workflows for both managers and administrators in compensation planning, along with the introduction of new features like Explore Payscale Tiles and Single Sign-On for Payscale Connect. Additionally, they highlight the importance of robust data sources for accurate benchmarking, and the development of new datasets to meet customer demands. The podcast also mentions resources like the Payscale certifications program, partnerships for enhanced data offerings, and upcoming

We are again discussing Gender Pay Gaps and the findings from our recently released GPGR. In our last episode, we introduced you to this year’s report and the overall outcomes. Today we are going to build on that and delve into more of the reports insights and discuss some of the potential drivers of pay gaps. Picking up from our last episode, we'll take a deeper dive into the Payscale Gender Pay Gap Report.  We'll start with a quick summary of report findings, then explore how age affects the pay gap. Additionally host Ruth Thomas together with guests Amy Stewart and Kelly Campana will also discuss how changing views of women's work can influence how we measure the gap itself.  Most importantly, we'll focus on practical tips for closing the gap by highlighting what employees bring to the company. Listen and explore actionable ways to create a more equitable workplace! Key Takeaways: Quick summary of Payscale’s gender pay gap report Why does age affect the gender pay gap? The idea behind how to measure the

Our discussions this month are all aimed at raising awareness and encouraging action to eliminate bias and discrimination entirely from our workplaces and society at large. This year’s Women’s History Month theme “Women Who Advocate for Equity, Diversity and Inclusion" which is very appropriate for this conversation. Today, host Ruth Thomas welcomes guests Michelle Gyima and Amy Stewart to analyze data from the recently published Gender Pay Gap Report 2024. This report, now in its tenth year, offers a much deeper understanding of the factors driving pay gaps. Together, they'll delve into the report's insights and share their perspectives on the analyzed data. Key Takeaways:   How much women are paid compared to men? The uncontrolled pay gap Gender stereotypes in the workspace and how they affect overall pay Bias in pay history Why pay gaps don’t close just because of pay transparency legislation  How organizations can address the Gender Pay Gap?   Resources:   •2024 Gender Pay Gap Report: www.pa

In January, we saw 22 U.S. states boosting their minimum wage rates with effect from the 1st of the month and three more planned later this year. So now there will soon be 30 states with minimum wages higher than the federal standard, which is $7.25 per hour for non-exempt workers. In this episode, we're talking about the impact this is having and will have. Have you ever wondered how minimum wage could impact your pay? Tune in, and let's find out! Join Ruth and her guests, Vicky, Lulu, and Kim, as they delve into the specifics of minimum wages.  Gain practical tips on attracting and retaining top talent, understand the effects of minimum wages on pay dates, and discover how increasing the minimum wage may align with environmental, social, and governance policies. Join us in this discussion as we explore the rewards and complexities of the expanding job market.   Key Takeaways: Minimum wage in U.S. history The Wage Act bill proposal How to attract and retain your best workers  The impact of minimum wa

Curious about job market trends in 2024? Join us in this episode as we delve into market predictions and the evolving compensation landscape for this calendar year.  Our thought leaders at Payscale will discuss the fate of talent acquisition and share insights to help you navigate the changing world of work. Tune in with our guests, James and Lulu, as they break down key aspects of the job industry this 2024.    Key Takeaways: Legislation and advancements in technology What is ahead in the legislative landscape in 2024 and for those managing compensation? Does the 2024 presidential election impact the legislation? Pay transparency and its impact on compensation data Using job posting data as an additional source for compensation professionals How does Payscale use AI for this calendar year? What is the one thing that surprised them in 2023? Resources:  Payscale Website: www.payscale.com  Payscale End-of-Year Report:  https://www.payscale.com/research-and-insights/2023-end-of-year-report/  P

As we close out the year, this discussion centers the state of the labor market as we pivot into 2024 as well as hot jobs and this year. What are the predictions from our thought leaders here at Payscale? Listen to find out! Let's dive into Payscale’s 2023 End-of-Year Report! In this episode, guests Amy Stewart and Lexi Clarke provide insights into the state of the job market as we approach 2024. They highlight the top 10 in-demand jobs of 2023 with significant wage growth and reveal the jobs people are most inclined to quit, drawing from Payscale’s employee-reported survey data. Key Takeaways: How do you come up with the end-of-year report? What is the condition of the labor market in the upcoming years? Labor force specifications are at historic lows. Employer and employee friction is not going away. Is pay going to be as high in 2024? Transparency is huge. The "hot jobs" list highlights  Sneak Peak: Top predictions for 2024   Resources: Payscale Website: www.payscale.com  Payscale End-of-Year Report:  h

Vicki, Liz, and Ruth discuss the gender pay gap -- what it is and how it's looking for next year. Is your organization taking necessary action to close the gap?   In this episode, we're peering into the future—2024, to be exact—to predict what changes lie ahead for the gender pay gap. Our guests, Vicky Peakman and Liz Sheffield, will be breaking down the factors that could impact who earns what, exploring everything from how workplaces are evolving to new policies on the horizon. Join us for this chat as we talk about the possibilities, making sense of what the working world might look like in just a few years and how we can bridge the gap together! Key Takeaways: Looking at potential predictions in the year 2024 on gender pay gaps. Setting your intentions straight The mean pay gap for full-time workers. Examining the uncontrolled pay gap versus the controlled pay gap. How will the gender pay gap evolve throughout the next year? Exploring how the pay gap reached its lowest amount during the pandemic. Do wome

Amy, Ruth, and Russ discuss remote work, RTO mandates, and the impact this is having on the workplace. How will new policies and expectations impact your workforce? In this episode, we delve into the dynamic landscape of remote work and the evolving scenarios surrounding return-to-office mandates. Explore the latest trends, challenges, and opportunities shaping the future of work as we navigate the intersection of technology, workplace culture, and the ongoing impact of global events.  From the thrill of flexible schedules to the challenges of Zoom fatigue, we're dissecting it all!   Key Takeaways: Remote work policies, expectations, and return-to-office policies Adjusting to the shift in our working environment Increase in hybrid and remote organizations compared to traditional offices Challenges when it comes to return to the office Is productivity really the issue when moving to remote work? Building company culture from a distance Differences in pay with remote and traditional workers Resources: Paysca

Liz, Lulu, Ruth, & Russ discuss Pay Transparency from the employees perspective. Is this your company's opportunity to build a better brand?   Assets: Payscale Comp Quick Guide: Understanding Employee Reaction to Pay Transparency  

Sara Hillenmeyer, Payscale's Director of Data Science, and Lulu Seikaly, Senior Corporate Attorney @ Payscale, join Ruth & Russ to discuss a recent article about two brothers who both drive for Uber. The brothers recently conducted an experiment. They opened their Uber apps while sitting in the same room, and tested which brother could earn more money to do the same work. They found that Uber showed them nearly identical jobs but offered to pay one of them a little better. The siblings could only guess why. Had Uber's algorithm somehow calculated their worth differently and how did they do that?   We discuss this topic and the broader implications of algorithmic pay. Related links: New NY Anti Bias in AI Law effective this month https://hrexecutive.com/why-ai-is-not-a-get-out-of-jail-free-card-for-talent-bias/?oly_enc_id=5456A4959923A9Y   The potential of "algorithmic wage discrimination":  https://www.npr.org/2023/04/25/1171800324/rideshare-drivers-raise-questions-about-how-algorithms-set-drivers-pay

We discuss the growing number iniatives, such as those lead by 4dayweek.com, around the 4 day work week and the concept of 100:80:100.  100% pay for 80% time worked with 100% productivity targets. Is this working smarter, harder, both, or neither?     Related links: https://worldatwork.org/resources/publications/workspan-magazine/the-power-of-four    https://www.businessinsider.com/work-from-home-return-to-office-sexism-women-bosses-employees-2023-4?r=US&IR=T https://www.pewresearch.org/social-trends/2023/03/30/how-americans-view-their-jobs/  https://www.4dayweek.com/about-us https://www.wsj.com/articles/after-testing-four-day-week-companies-say-they-dont-want-to-stop-a06089cc https://www.cnbc.com/2023/02/24/worlds-biggest-4-day-workweek-experiment-shows-big-health-benefits.html#:~:text=Employers%20and%20workers%20around%20the,their%20health%2C%20finances%20and%20relationships ·         

Amy joins Ruth and Russ to share insights from our newest research report!  It's a first-of-its-kind look at the top reasons employees consider quitting their jobs, and specially looks at does pay transparency help to retain workers — or is pay transparency a retention risk?   Report Overview: https://www.payscale.com/research-and-insights/retention-report/ Report details: https://www.payscale.com/press-releases/new-payscale-research-reveals-top-drivers-behind-employee-turnover-and-the-impact-of-pay-transparency/  

Ruth, Bill, & Russ are joined by Amy to review the 2023 Payscale Compensation Best Practices Report (CBPR) and share their insightes.  How are things changing as we move into Q2 of 2023?

Ruth, Bill, & Russ have each selected a recent news story related to compensation to discuss.  Do you share their take on these topics? Ruth's Pick: Netflix stepped back on open salary policiy for execs Bill's Pick: FTC announced changes to outlaw non-compete clauses Russ's Pick: Disney's annnouncement that 'hybrid work' now means in office 4 days a week

Amy Stewart, one of the minds behind the annual Payscale CBPR report, joins Bill, Ruth, & Russ to discuss what jobs are hot and what are not going into 2023.

Ruth, Bill, & Russ each made 3 predictions about what they each think will happen in the compensation space in 2023 without conferring with each other.  Join us as we share our predictions with each other and see if you agree on what we agree on.