At Work with The Ready

45, Part 2. Why Pay Will Never Feel Fair At Work (And It's Not The Money)


Listen Later

Compensation is where human psychology and organizational systems collide—and in Part 1, Rodney and Sam named why it so often turns into a hedonic treadmill: every lever you pull to reduce dissatisfaction tends to raise expectations and create new dissatisfaction. If you haven’t listened to Part 1 yet, start there for the “why this is so messy” foundation.


In Part 2, Rodney and Sam move from diagnosis to design: what principles should a compensation system actually be built on—and what do you do next? They walk through practical comp first principles and explore concrete moves teams can experiment with—like simplifying comp, reducing negotiation, and creating healthier feedback loops.


--------------------------------


Ready to change your organization? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Let's talk.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


Get our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


Follow us:

  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
  • --------------------------------


    Mentioned references:

    • "previous comp episode": AWWTR Ep. 45, Part 1
    • "JEDI": BNW Ep. 40 with Sharan Bal
    • "Midnight Zone": Depthfinding Miniseries
    • BNW Ep. 6 with Joel Gascoigne
    • BNW Ep. 36 with Nathan Barry
    • BNW Ep. 84 with David Buckmaster
    • BNW Ep. 89 with Nikki Kaufman

    • 00:00 Intro: What Would You Rename Yourself?

      03:26 Comp Principle #1: Pay and Human Dignity
      07:21 Comp Principle #2: Pay Equity at Work
      10:06 Comp Principle #3: Salary Clarity and Transparency
      15:56 Comp Principle #4: Collective Alignment on Pay
      19:04 Comp Principle #5: Employee Participation in Pay Decisions
      21:47 Comp Principles #6 & #7: Simplicity and Talking About Pay Less
      24:12 Redesign Idea #1: Anonymous Team Rewards Ranking
      25:48 Redesign Idea #2: Eliminating Salary Negotiation
      28:03 Redesign Idea #3: Interview Elsewhere to Reset Pay Expectations
      29:38 Redesign Idea #4: Create Transparency for Employees
      32:44 Outro: Rate the Podcast + Share At Work With The Ready


      Sound engineering and design by Taylor Marvin of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Coupe Studios⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

      ...more
      View all episodesView all episodes
      Download on the App Store

      At Work with The ReadyBy Rodney Evans and Sam Spurlin

      • 5
      • 5
      • 5
      • 5
      • 5

      5

      183 ratings


      More shows like At Work with The Ready

      View all
      Hidden Brain by Hidden Brain, Shankar Vedantam

      Hidden Brain

      43,691 Listeners

      The Knowledge Project by Shane Parrish

      The Knowledge Project

      2,674 Listeners

      Coaching for Leaders by Dave Stachowiak

      Coaching for Leaders

      1,470 Listeners

      HBR IdeaCast by Harvard Business Review

      HBR IdeaCast

      155 Listeners

      How to Be Awesome at Your Job by How to be Awesome at Your Job

      How to Be Awesome at Your Job

      1,035 Listeners

      Worklife with Adam Grant by TED

      Worklife with Adam Grant

      9,162 Listeners

      Inside the Strategy Room by McKinsey & Company

      Inside the Strategy Room

      176 Listeners

      At The Table with Patrick Lencioni by Patrick Lencioni

      At The Table with Patrick Lencioni

      1,129 Listeners

      The Happiness Lab with Dr. Laurie Santos by Pushkin Industries

      The Happiness Lab with Dr. Laurie Santos

      14,330 Listeners

      A Bit of Optimism by Simon Sinek

      A Bit of Optimism

      2,222 Listeners

      ReThinking by TED

      ReThinking

      640 Listeners

      We Can Do Hard Things by Treat Media and Glennon Doyle

      We Can Do Hard Things

      41,496 Listeners

      Fixable by TED

      Fixable

      222 Listeners

      HBR On Leadership by Harvard Business Review

      HBR On Leadership

      168 Listeners

      What Now? with Trevor Noah by Trevor Noah

      What Now? with Trevor Noah

      4,303 Listeners