Although the workplace has evolved dramatically, many of us still use compensation models built for a very different world of work. So what needs to change?
In this episode of Moments That Inspire, global rewards expert Fermin Diez joins Dolon Mitra to discuss what a truly modern, strategic compensation system should look like and why now is the time to rethink total rewards.
These three insights offer a glimpse into what the next chapter of rewards could look like:
1. The Future of Work Is Already Here: Pay for Skills, Not Roles
It is time to move beyond role-based pay and start recognizing skills, capabilities, and potential. Paying for roles alone overlooks what truly drives performance—and retention.
2. Transparency and Personalization: The Game-Changers
Fairness is being redefined through flexibility, allowing employees to choose how they receive their pay, as well as by openly sharing salary structures to build trust and attract the right talent
3. Taking Money Off the Table Is the Real Goal
Compensation should feel fair and just enough to stop being the central focus. That’s when managers should lead with purpose and collaboration rather than relying on pay as the only lever for performance.
The systems we build today will shape the organizations we lead tomorrow. It is time to stop tweaking the old models—and start imagining what’s genuinely possible around total rewards.
About Our Speaker:
Speaker: Fermin Diez - PhD, SPHR, GRP, IHRP-MP, FSID
With over four decades of experience in compensation and human analytics, Fermin has shaped reward systems across industries, regions, and economic cycles, spanning both corporate and academic arenas. Known for his ability to challenge legacy thinking with forward-looking solutions, he brings deep expertise to what drives performance and fairness in modern organizations.
About the Host:
Dolon Mitra: Director Leadership Development @ Change Et Al.
She is an executive coach and facilitator specialising in talent management, career transformation, organizational design, and optimizing people processes for efficiency. She helps leaders and organizations navigate change and achieve sustainable growth.
