Comp and Coffee is a podcast by Payscale where we explore the art and science of compensation management. Grab a cup of coffee, settle in, and join us for conversations on pay and performance—packed with insights, practical tips, and strategies to help you stay ahead in a rapidly evolving world of work.
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Comp and Coffee is a podcast by Payscale where we explore the art and science of compensation management. Grab a cup of coffee, settle in, and join us for conversations on pay and performance—packed with insights, practical tips, and strategies to help you stay ahead in a rapidly evolving world of work.
107: Coaching Managers for Better Compensation Dialogues
Comp and Coffee
28 minutes
8 months ago
107: Coaching Managers for Better Compensation Dialogues
In this episode of "Comp and Coffee," host Ruth Thomas is joined by Payscale's compensation experts Kim Taylor and Roberto Molina to discuss strategies for empowering managers in compensation dialogues. The trio dives into the importance of coaching managers to lead effective pay conversations, especially amid increasing demand for transparency and legislative changes. Tune in to discover actionable insights for conducting smoother pay conversations that boost engagement and trust within organizations.
Key Highlights Importance of manager preparedness in pay conversations and how robust information can aid these discussions.
The rise of pay transparency laws driving the need for effective communication strategies.
The challenges and pitfalls of pay conversations, including avoiding them or lacking preparation.
Techniques for aligning performance reviews with compensation discussions to increase clarity and trust.
Innovative training methods being adopted by organizations to enhance compensation dialogues at all levels.
Quotes "So much of an employee's self-worth is tied up in their salary—it's uncomfortable to bring what might be perceived as not the most ideal news." – Kim Taylor
"When managers are not aware of the why behind these ranges, they often cede their authority on pay decisions back to HR." – Roberto Molina
"Pay is very personal; it drives your lifestyle, and these conversations can often be awkward and necessary." – Ruth Thomas
References How to Train Managers to Have Successful Pay Webinar: https://www.payscale.com/events/how-to-train-managers-to-have-successful-pay-conversations/
Mastering Effective Pay Communications: Best Practices for Success Webinar: https://www.payscale.com/research-and-insights/mastering-effective-pay-communications-best-practices-for-success-webinar-on-demand/
Comp and Coffee
Comp and Coffee is a podcast by Payscale where we explore the art and science of compensation management. Grab a cup of coffee, settle in, and join us for conversations on pay and performance—packed with insights, practical tips, and strategies to help you stay ahead in a rapidly evolving world of work.