Go offline with the Player FM app!
Sean Luitjens - HR Tech 2023 - Leveraging People Analytics for Compensation Allocation
Manage episode 395722682 series 2798463
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
188 episodes
Manage episode 395722682 series 2798463
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
188 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.