Kathi Enderes - HR Tech 2024 - Breaking Free From Outdated Pay Practices

Send us a text Kathi Enderes, Senior Vice President of Research and Global Industry Analyst at The Josh Bersin Company, joins us in this episode to explore why compensation practices have stagnated and how organizations can modernize their approach to pay. [0:00] Introduction Welcome, Kathi! Today’s Topic: Breaking Free From Outdated Pay Practices [5:13] How has compensation evolved in recent decades? Why most organizations still use 40-year-old compensation models Connecting compensation to employee experience [13:40] How can organizations make compensation more accessible? The power of simplifying compensation communication Building stakeholder buy-in for process changes [23:10] Should organizations replace merit programs with targeted incentive programs? Reimagining performance-based compensation Aligning pay reviews with business cycles [31:39] Closing Thanks for listening! Quick Quote “In all areas of HR . . . if we speak our own language, business won’t understand it and you’re not going to gain any credibility.”Resource:Josh Bersin CompanyContact:Kathi's LinkedInDavid's LinkedInDwight's LinkedInPodcast Manager: Karissa HarrisEmail us!Production by Affogato Media To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media