Marc McBrearty and Kevin Plunkett - WorldatWork 2022 Series - Marc McBrearty and Kevin Plunkett - Compensation Surveys: Past, Present and Future

Send us a text Summary: Marc McBrearty is the North American Practice Leader, Rewards Data & Software at Willis Towers Watson. His years working in the financial services industry helped him hone his skills in HR consulting, executive pay, broad-based employee compensation, and compensation software. 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 Marc about the past, present, and future of surveys. Chapters:[0:00 -2:56] Introduction •Welcome, Marc and Kevin! •Today’s Topic: The Past, Present, and Future of Surveys [2:57 -9:03] Looking back at surveying of the past •Why surveys now last only weeks when they used to last months •HR needs more, good data to be part of the conversations that drive business [9:04 -30:19] Good data: why it’s needed and how to validate it •What defines “good data”? •There’s validity in having multiple data sources •How pay transparency affects all parties involved in recruitment [30:20 -39:19] The future of surveying •The importance of vendor-client partnerships for good, realtime data •The differences in needs and use cases for realtime data •Final Thoughts & Closing •Thanks for listening! Quotes: “That's where I see big improvements coming in the next three to five years: artificial intelligence; data science.” “I wonder: when somebody says, 'I want realtime data,' do they really want realtime data for their entire population, or do they want realtime data for data scientists?”Contact:David Turetsky LinkedInKevin Plunkett LinkedInMarc McBrearty LinkedInProduction 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