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Summary:
The HR Technology Conference 2023 was held in Las Vegas, Nevada in October 2023 and our very own David Turetsky and Katie Stukowski presented on the pay trends that will dominate 2024.
In recent years, the landscape of pay practices has undergone significant transformations. From employee demands for greater pay transparency and equity, to the growing importance of accurate job descriptions and skills assessments, to the unpredictable twists of a volatile economy, HR teams are adapting at lightning speed. This session will review anticipated pay trends for 2024 and how employers can use data and technology to stay ahead of these developments.
In this episode, David and Katie talk about salary trends, pay equity trends, technology trends, and more.
Chapters:
[0:00 - 3:30] Introduction
[3:31 - 18:32] Business and compensation trends
[18:33 - 38:54] Pay equity and the skills taxonomy
[38:55 - 54:03] Competitive pay and market pricing
[54:04 - 56:47] Closing
Quotes:
“Compensation is the link between the employee and the employer to build the trust that they are valued within that organization, and you can’t get compensation right without accurate job descriptions.”
“Pay equity is the right thing to do. That’s equal pay for comparable work that is internally equitable, externally competitive, and transparently communicated.”
Resources:
Surveys
Contact:
David's LinkedIn
Katie's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Oshri Cohen is the founder of RedCorner, a CTO as a Service agency that provides organizations with highly skilled and experienced ex-CTOs who specialize in whatever industry, business model or engineering culture is needed. In this episode, Oshri talks about the current issues with technical recruiting and what we can do to fix them.
Chapters:
[0:00 - 4:13] Introduction
[4:14 - 17:44] What is technical recruiting?
[17:45 - 28:33] What can be done to improve the technical recruiting experience?
[28:34 - 35:27] How will generative AI affect the world of technical recruiting
[35:28 - 36:19] Closing
Quotes:
“[Companies should have proper technical leadership where the CTO is a business-minded individual and understands how to talk outside of their technical sphere.”
“If you ask [ChatGPT] to write a specify function that does one small thing, it can do that beautifully, but it writes code like a junior developer.”
Resources:
RedCorner
Contact:
Oshri's LinkedIn
David's LinkedIn
Dwight's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Sean Luitjens is a General Manager of Total Rewards Analytics at Visier. He has over 25 years of experience working on talent acquisition software and compensation benefits software for various companies. In this episode, Sean talks about how people analytics can help businesses make informed decisions about compensation allocation and pay equity.
Chapters:
[0:00 - 4:30] Introduction
•Welcome, Sean!
•Today’s Topic: Leveraging People Analytics for Compensation Allocation
[4:31 - 11:36] Why is it difficult to allocate compensation despite all the technology available?
•HR practitioners are asked to differentiate pay while also making it equitable
•An increasing amount of data must be pulled together to make a business case for the CFO
[11:37 - 22:14] How do companies address pay equity in relation to talent retention?
•Why most companies are implementing long-term pay equity remediation plans
•Sometimes doing the right thing means that organizations need to endure some turnover
[22:15 - 26:18] What could companies do to start fixing their pay inequities?
•Build a foundation of tools to identify pay equity issues and develop a pay philosophy to address those issues
•Companies should not be afraid to be wrong
[26:19 - 26:57] Closing
•Thanks for listening!
Quotes:
“At a high level, the [HR] practitioner is being asked to pay differently but the same.”
“Don’t be afraid to be wrong . . . The good and the bad with pay equity is that you can’t fix it on one given day, so you have the ability to aim, fire, aim, fire as you go.”
Contact:
Sean's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Schon Parris is the Future of Work Practice Leader at ADP where he helps clients better use their data to make well-informed business decisions. In this episode, Schon talks about what typically prevents HR teams from effectively using the data available to them and how they can overcome those obstacles and start making data-driven decisions today.
Chapters:
[0:00 - 5:46] Introduction
[5:47 - 12:10] What gets in the way of HR using data successfully?
[12:11 - 18:01] Client success stories and commonalities among them
[18:02 - 28:01] What are clients building into their models to accommodate AI?
[28:02 - 30:19] Final Thoughts & Closing
Quotes:
“Somebody has to take it upon themselves to make [data analytics] important. . . . Unless you have at least one person that’s going to dive in and do the work, it’s not going to go anywhere.”
“There’s no need for someone within HR to fear the evolution of AI stealing [their job].”
Contact:
Schon's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Mark Stelzner is the Founder and Managing Principal at IA, HR “anti-consultants” who specialize in distilling key points from large amount of HR data. In this episode, Mark talks about the various tools HR practitioners can use to help organizations make sense of their data and streamline their processes.
Chapters:
[0:00 - 2:37] Introduction
[2:38 - 10:20] What new observations surprised us at HR Tech 2023?
[10:21 - 20:20] Where have we seen AI impact other (non-HR) departments of organizations?
[20:21 - 32:19] How can practitioners approach organizations that might be reluctant to change?
[32:20 - 32:59] Closing
Quotes:
“If you wan to ideate about [implementing disruptive technologies], you have to derive prioritized use cases.”
“If it’s never been written down how [current processes work] or if we’re inferring how [current processes work], we don’t know what we’re moving from and to.”
Resources:
IA HR
Contact:
Mark's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Brian Escobar is the Director of Human Resources Operations at Endeavor Schools, and Walter William Duncan III is the Payroll Manager at Endeavor Schools. Brian and Walter co-host the podcast It’s About Payroll, a weekly podcast designed to help spread knowledge about pay.
In this episode, Brian and Walter talk about why organizations can find empowerment in treating their employees like customers when it comes to payroll.
Chapters:
[0:00 - 7:59] Introduction
[8:00 - 15:43] Why is it important to educate employees about their pay?
[15:44 - 22:55] What are the most common challenges in educating people about their pay?
[22:56 - 28:21] How can we better educate people on taxes?
[28:21 - 29:43] Closing
Quotes:
“[As an employer], you want your employees to be financially savvy.”
“[The key to understanding income taxes] is consuming multiple resources until you understand it, and that’s the thing: the resources are scarce.”
Resources:
It's About Payroll!
Walt's personal SoundCloud from his one fun thing
Contact:
Brian's LinkedIn
Walter's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Robert Mattson is a Principal at INTRIGUE Communications and Coaching, a marketing and messaging consultancy based on the idea that stories connect people to each other, their interests, and brands. In this episode, Robert talks about how you can communicate by telling stories that will resonate with your audience.
Chapters:
[0:00 - 9:18] Introduction
[9:19 - 17:51] What is the key to effective communication?
[17:52 - 25:59] How does expectation-setting set the framework for conversations?
[26:00 - 32:04] How do you tell someone that they should improve their emotional communication skills?
[32:05 - 33:09] Closing
Quotes:
“One thing people tend to be bad at is setting painfully clear expectations.”
“Look at the challenges you have in your communication . . . and always take responsibility that there’s something you can do to improve the situation.”
Resources:
INTRIGUE
Contact:
Robert's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Alexandra Levit is a workplace futurist, a bestselling author and the Founder and CEO of Inspiration at Work, a woman-owned futurist consulting business with the goal of preparing organizations and their employees to be competitive and marketable in the future business world.
In this episode, Alexandra talks about talent intelligence and how it has helped organizations with recruitment and retention.
Chapters:
[0:00 - 5:23] Introduction
[5:24 - 15:58] What does the future currently look like for the world at work?
[15:59 - 31:24] How does talent intelligence help with recruitment and retention?
[31:25 - 41:17] What can you do today to take advantage of talent intelligence?
[41:18 - 42:11] Closing
Quotes:
“What we’re seeing now is that . . . organizations don’t have a good handle on the skills of the existing workforce.”
“When [the states of New York and Indiana] put their talent intelligence systems together, . . . they were able to pipeline a whole bunch more people into those open jobs that employers had and keep them from leaving the state.”
Resources:
Alexandra's website
Inspiration at Work
Deep Talent: How to Transform Your Organization and Empower Your Employees Through AI book
Humanity Works: Merging Technologies and People for the Workforce of the Future book
They Don't Teach Corporate in College book
Contact:
Alexandra's LinkedIn
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
Send us a text
Summary:
Sapient Insights Group is a women-owned, research and advisory firm that is the proud organizer behind a massive annual HR technology survey that seeks to shed light on HR professionals’ relationships with existing and emerging technologies. Representing Sapient Insights in this episode are Susan Richards (Founder & Managing Partner) and Teri Zipper (CEO & Managing Partner).
In this episode, Susan and Teri talk about the changing of the guard that HR may soon experience with its newer and younger practitioners joining the workforce.
Chapters:
[0:00 - 9:22] Introduction
[9:23 - 19:05] How the world at work for HR is about to change
[19:06 - 27:55] How will the next generations of HR practitioners challenge existing systems?
[27:56 - 34:53] Where to employees and companies stand on ESG?
[34:54 - 37:11] Closing
Quotes:
“The next generation of HR professionals, who didn’t grow up in a compliance environment, [will make] a push toward empathetic HR.”
“[In a survey we conducted that] had participants from all walks of life—all backgrounds, all races, all education levels, and all employment levels— . . . everybody was concerned about how an organization treats the environment.”
Resources:
Sapient Insights
Contact:
Susan's LinkedIn
Teri's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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Summary:
Marc Miller is the President and Founder of Marc S. Miller Associates, Adjunct Professor of Management of Technology at New York University, and the Author of The Death of HR: Who Killed H. (Harriet) R. (Rose) Job?
In this episode, Marc talks about some of the biggest promises and pitfalls presented by AI as well as how it has already been integrated into both HR and our daily lives.
Chapters:
[0:00 - 6:58] Introduction
[6:59 - 15:44] Where has AI been and how did it affect HR in the past?
[15:45 - 25:20] Is AI becoming better for HR to adopt?
[25:21 - 37:20] Does HR have to worry about AI?
[37:21 - 38:08] Closing
Quotes:
“[The successful implementation of AI in HR] is all about the ability for HR to have staff that knows how to tell a story.”
“At this point, [regulation around AI] has been a lot of fear, uncertainty, and doubt. . . . Let’s do what we can to, if not embrace, at least understand AI.”
Resources:
Marc S. Miller Associates
The Death of HR book
Contact:
Marc's LinkedIn
David's LinkedIn
Dwight's LinkedIn
Podcast Manger: Karissa Harris
Email 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
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