257 - Decoupling performance from compensation: Kim Minnick (Code Traveller HR)

Kim Minnick, Founder of Code Traveller HR, joined us on The Modern People Leader.We dug into why performance reviews often fail, how companies can decouple performance from compensation, creative ways to reward employees beyond pay, and the importance of transparency, choice, and designing programs that reflect company values.---- Sponsor Links:🔗 Talk to the team at Ethena.🔗 Request a demo of Workleap.MPL Links:🔗 Go sign up for MPL Build.---- (11:26) Why Most Companies Get Performance Management Wrong(15:59) The Noise & Confusion Around Rethinking Performance(19:44) Building Programs Unique to Your Company’s Mission & People(21:18) Decoupling Performance from Compensation(24:06) Why Performance Management Has Low Credibility with Employees(28:29) Shifting Rewards Beyond Pay & Limiting Overwork(32:57) Keeping Compensation-Driven Employees Engaged(34:04) Evolving Compensation Models & Budgeting Differently(40:26) Why Transparency in Compensation Matters(43:29) Defining Company Values to Drive Rewards & Recognition(45:30) Giving Employees Choice in How They’re Rewarded(50:30) The Risk of Turning Rewards into a “Feature Comparison”(52:34) Why Letting Employees Choose Could Be a Good Thing(55:33) HR Tech Limitations & Building Custom Solutions(57:57) The Economics of DIY vs. B2B SaaS Tools---- 📬 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---- Past guests on MPL include Brené Brown, Annie Dean (VP of Team Anywhere, Atlassian), Josh Bersin, Katie Burke (Chief People Officer, Harvey), Liz Fosslien, Helen Russell (Chief People Officer, HubSpot), Dave Scott (Chief People Officer, ADT), Melanie Rossenwasser (Chief People Officer, Dropbox), Crystal Boysen (Chief People Officer, Sprout Social), and many more.