TBB05: Total Rewards Compensation
An episode of the The Best Boss podcast, hosted by Susan Ermisch, titled "TBB05: Total Rewards Compensation" was published on June 16, 2017 and runs 39 minutes.
June 16, 2017 ·39m · The Best Boss
Episode Description
In this podcast episode, I talk with Courtney Sherwin, CCP, CBP, MA, PHR. She has been helping organizations achieve goals, enhance effectiveness, and develop capability in the area of Total Rewards compensation for over 20 years. Her areas of expertise include designing and implementing programs that help attract, retain and engage high-performing employees including base pay, incentives, performance management, executive compensation, benefits, work-life balance and leadership development. Courtney has worked in a wide range of industries including hospitals and complex integrated healthcare delivery systems, biotechnology, and manufacturing.
Total Rewards
Courtney explains Total Rewards compensation and highlights multiple tips for managers working with their employees such as:
- As a new leader of people, it's critical to keep compensation details confidential. Do not share yours or anyone else's compensation with other team members.
- Know all the benefits offered or available for employees and learn which ones are most important to your team members.
Courtney offers several career coaching tips as well and one of my favorites is "know when to shut your pie hole"! A great take away from this podcast is the 5 quarters trick:
- Tuck 5 quarters into your right pocket at the start of each day
- Every time you praise a team member (catch them doing something right), move a quarter to the left pocket
- Goal is to have all 5 quarters moved from the right to the left pocket by the end of the day
Music for this episode
Dance Rocket by Jesse Spillane
Brit Pop Guitar by abett