In this episode of the Resilient Leaders Journey, Trent speaks with compensation consultant Scott Trumpolt (www.hrcompensationconsulting.com) about the evolving landscape of compensation in the workplace. They discuss the role of compensation consultants, the impact of remote work on compensation strategies, and the importance of employee engagement. Scott shares insights on generational differences in compensation expectations, the significance of pay transparency, and the need for effective communication of career development opportunities.
Takeaways
*Compensation is essential for attracting and retaining talent.
*Remote work has transformed compensation strategies.
*Employee engagement is crucial for organizational success.
*Younger generations prioritize pay transparency and career growth.
*Companies must communicate clear career paths to employees.
*Benefits beyond cash compensation are increasingly valued.
Chapters
05:07 Remote Work and Compensation Dynamics
09:36 The Importance of Pay Transparency
16:42 Communicating Employee Value
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