201 - Live: Rethinking Performance & Compensation (David Hanrahan, Chief People Officer at Flare & Jessica Zwaan, Author of Built for People)

David Hanrahan, Chief People Officer at Flare, and Jessica Zwaan, Author of Built for People & COO at Talentful, joined us live in Austin, Texas.  We talked about how performance management is stuck in the past, the idea of team-based assessments, how to run a data-driven performance calibration, and the evolving role of compensation in driving performance. ----  This episode was brought to you by Kunik. Sign up for their exclusive roundtable on October 30th. ----  3:11: Reflections on outdated performance management practices 5:07: Thoughts on why companies are holding onto legacy review systems 6:46: The impact of AI on performance management and synthesizing feedback 9:40: Team dynamics in performance management and HR’s evolving role 12:24: Real-time tools for performance feedback and privacy concerns 14:27: Shifts in company values post-pandemic and how that affects performance reviews 17:09: Measuring team performance over individual performance 20:12: Calibration, feedback, and team assessments 23:02: Linking performance management and compensation strategies 29:03: The role of procedural and distributive fairness in compensation 32:11: Challenges of tying performance to compensation 36:02: Discussion on bonus allocation based on performance 40:12: Team performance assessments and executive decision-making 44:48: Questions from the audience on coaching and team dynamics 50:22: Closing thoughts on changing traditional HR practices ----  📬 Subscribe to our weekly newsletter to get episode recaps 💡 Follow The Modern People Leader on LinkedIn 😊 Follow Daniel Huerta on LinkedIn 😊 Follow Stephen Huerta on LinkedIn