HR Data Labs

Tara Furiani - Budgeting for Salaries in an Uncertain World


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Summary:

Tara Furiani is an executive, a business team builder, an influencer, a board member, a writer, a speaker, and a people leader. What’s more, she’s also the creator, executive producer, and host of Not the HR Lady and Workcations! 

She is an accomplished Chief People Officer and has worked across many industries & countries with companies of all sizes, both as the top “people” leader for the organization, reporting to the CEO, and as a consultant, reporting to the Board. 

In this episode, Tara Furiani talks about budgeting for salaries in an uncertain world.


Chapters:

[0:00 - 8:06] Introduction

  • Welcome, Tara!
  • Today’s Topic: Budgeting for Salaries in an Uncertain World
  • [8:07 - 17:45] Why did 2022 introduce uncertainty around salaries?

    • We’re truly facing a “new normal” that’s vastly different from 2019
    • The United States (and the world) are facing yet more crises
    • [17:46 - 40:40] What will be different about 2023?

      • Uncertainty will not magically stop with the new year
      • Employees are smarter about pay and expect more from employers
      • Companies will need to “walk the talk” when it comes to diverstiy
      • [40:41 - 41:31] Final Thoughts & Closing

        • Take a moment to reflect on your company’s core values
        • Thanks for listening!

        • Quotes:

          “We're not going back [to pre-pandemic times], we're going forward. Organizations really need to take that in. There are going to be higher expenses for salaries, which are going to result in higher expenses for taxes and other things. We have to do it though . . . if we want to remain competitive as organizations.”

          “I'm gonna talk directly to employers right now. You all have core values, mission, a vision, pillars of excellence, whatever. Look at them, study them, read them, reflect on if those are what you actually are in reality. . . . [because] if you're not doing that stuff, people notice.”

          Resources:
          Not the HR Lady

          Contact:

          Tara's LinkedIn
          David's LinkedIn
          Dwight's LinkedIn

          Production by Affogato Media
          Podcast Manger: Karissa Harris

          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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