Belinda Roberts - WorldatWork 2022 Series - The Future of Compensation Data

Send us a text Belinda Roberts is the North America Survey Products Leader at Mercer. She’s passionate about HR and has some experience-backed insights into compensation data, it’s current state, and where it’s heading. Kevin Plunkett is the VP of Partnership at Salary.com. He has 15+ years of human capital experience in high-growth technical organizations and he specializes in staffing consulting and business development. In this episode, David and Kevin talk with Belinda about the future of compensation data.Chapters: [0:00 - 2:16] Introduction • Welcome, Belinda and Kevin! • Today’s Topic: The Future of Compensation Data [2:17 - 9:02] Survey data: its history and where is stands currently • Acquisition of survey data is still a very high friction process • Why realtime feedback was a significant innovation [9:03 - 21:05] How should we be blending traditional data sources and new data sources? • When certain data sources/sets benefit specific types of companies and employees • How pay transparency has evolved over the years [21:06 - 25:18] What’s the future of compensation data? • Will we see a pivot toward skills-based pay? • Personalized pay and rewards for employees based on their needs [25:19 - 25:59] Final Thoughts & Closing •Thanks for listening! Quotes: “We need to question what competitiveness is. I think base salary is kind of table stakes, right? It's all [about] the other stuff that factors into how competitive is your job that you are trying to hire or retain people in.” “You mentioned pay transparency before— it's that transparency of the philosophy around how organizations pay. I think a lot of employees don't believe that their comp teams really know what they're doing, and I think that's because they just haven't been transparent.”Contact:Belinda's LinkedInDavid's LinkedInKevin's LinkedInNeed some help producing your podcast? Reach out to Carl from Affogato Media at info@affogatomedia.com or visit affogatomedia.com to learn more. 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