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Sean Luitjens - HR Tech 2023 - Leveraging People Analytics for Compensation Allocation

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Manage episode 395722682 series 2798463
Content provided by David Turetsky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Turetsky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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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

  continue reading

188 episodes

Artwork
iconShare
 
Manage episode 395722682 series 2798463
Content provided by David Turetsky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Turetsky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Send us a text

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

  continue reading

188 episodes

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