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Sean Luitjens - Navigating the Mass Confusion in Compensation Today

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Manage episode 500225097 series 2798463
Content provided by WRKdefined Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by WRKdefined Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we welcome back Sean Luitjens, VP of Product Strategy and Partnerships at Salary.com. Drawing from his recent conversations with over 20 WorldatWork affiliates, Sean shares his insights on the most pressing challenges and consistent messages from compensation practitioners on the front lines. He also unpacks the “mass confusion” caused by data overload and new compliance demands, the strategic allocation of limited budgets, and future of merit increases.

[0:00] Introduction

  • Welcome, Sean!
  • Today’s Topic: The Consistent Messages from WorldatWork

[5:07] What are the most consistent messages you've heard from WorldatWork affiliates?

  • Practitioners are facing “mass confusion” from the sheer volume of data, technology options, and compliance requirements.
  • Despite increased demands, compensation budgets and headcount have not grown.

[17:47] Where are compensation departments focusing their time and budgets?

  • Technology now allows for more sophisticated segmentation and pay philosophy execution than was possible with Excel.
  • The role of the compensation professional has expanded to include communications, as transparency makes it critical to explain the “why” behind pay decisions.

[28:17] Are merit increases going away?

  • The effectiveness of traditional merit increases vs. paying for the role and offering performance-based bonuses that are not added to base pay.
  • The practical challenges of any model, whether it’s merit-based or role-based, often come down to inconsistent management and lack of buy-in.

[34:36] Closing

  • Thanks for listening!

Quick Quote

“We don’t always put ourselves in the seats of the [compensation] practitioner . . . There’s so much information coming at them from data, and the one thing that seems to not have changed in the comp budget.”

  continue reading

240 episodes

Artwork
iconShare
 
Manage episode 500225097 series 2798463
Content provided by WRKdefined Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by WRKdefined Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode, we welcome back Sean Luitjens, VP of Product Strategy and Partnerships at Salary.com. Drawing from his recent conversations with over 20 WorldatWork affiliates, Sean shares his insights on the most pressing challenges and consistent messages from compensation practitioners on the front lines. He also unpacks the “mass confusion” caused by data overload and new compliance demands, the strategic allocation of limited budgets, and future of merit increases.

[0:00] Introduction

  • Welcome, Sean!
  • Today’s Topic: The Consistent Messages from WorldatWork

[5:07] What are the most consistent messages you've heard from WorldatWork affiliates?

  • Practitioners are facing “mass confusion” from the sheer volume of data, technology options, and compliance requirements.
  • Despite increased demands, compensation budgets and headcount have not grown.

[17:47] Where are compensation departments focusing their time and budgets?

  • Technology now allows for more sophisticated segmentation and pay philosophy execution than was possible with Excel.
  • The role of the compensation professional has expanded to include communications, as transparency makes it critical to explain the “why” behind pay decisions.

[28:17] Are merit increases going away?

  • The effectiveness of traditional merit increases vs. paying for the role and offering performance-based bonuses that are not added to base pay.
  • The practical challenges of any model, whether it’s merit-based or role-based, often come down to inconsistent management and lack of buy-in.

[34:36] Closing

  • Thanks for listening!

Quick Quote

“We don’t always put ourselves in the seats of the [compensation] practitioner . . . There’s so much information coming at them from data, and the one thing that seems to not have changed in the comp budget.”

  continue reading

240 episodes

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