In this podcast I introduce our new research on pay and rewards. This enormously important part of business needs a transformation, and our new research on “Systemic Pay and Rewards” explains why. I give you an overview of why pay systems are so brittle, what really drives results, and how we can dramatically improve these important parts of our companies. You’ll hear about how to implement pay equity, what to do about performance management, and why “total rewards” is just not the total solution to the problem.
In an economy where skills are constantly changing, employees are burned out, and the job market is incredibly competitive, it’s time to rethink your approaches to pay and put together a high-value, strategic, “systemic” approach.
Why Pay Practices Are Broken (article)