Uncommon things that top performing HR professionals do
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Uncommon Things That Top Performing HR Professionals Do
4 Pillars of Success
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Uncommon Things That Top Performing HR Professionals Do
Rusty Lindquist
Adam Peddicord
VP Product Marketing
BambooHR
@rustylindquist
linkedin.com/in/rustylindquist
Sr. Director Customer Success
Payscale
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linkedin.com/in/adampeddicord
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Uncommon Things That Top Performing HR Professionals Do
1
Create a great place to work
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Uncommon Things That Top Performing HR Professionals Do
Broken Windows
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Uncommon Things That Top Performing HR Professionals Do
Environment Impacts
Behavior
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Uncommon Things That Top Performing HR Professionals Do
- Rusty Lindquist, BambooHR
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Uncommon Things That Top Performing HR Professionals Do
Stories are the mortar by which reality is
built, and life’s true architects are those
who tell the strongest stories.
@rustylindquist
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Uncommon Things That Top Performing HR Professionals Do
Mission / Purpose
Values / Beliefs
Communication Practices
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Reward / Recognition
Policies / Procedure
Comp Strategy
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Uncommon Things That Top Performing HR Professionals Do
Everything you do
becomes part of that story…
The story of what you value
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Uncommon Things That Top Performing HR Professionals Do
Compensation:
The story of
how much you are valued
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Uncommon Things That Top Performing HR Professionals Do
2
Employ best pay practices
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Uncommon Things That Top Performing HR Professionals Do
Top Performing Companies…
• Have Transparent Pay Practices
• Develop Competitive Strategies
• Pay Their People
Where to start
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Uncommon Things That Top Performing HR Professionals Do
Transparent Pay Practices
47%
of top performing companies
are transparent about pay
vs 40% of all companies
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Uncommon Things That Top Performing HR Professionals Do
The PayScale Pay Transparency Spectrum
Decide on the right level of transparency for your organization
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Uncommon Things That Top Performing HR Professionals Do
It’s time to clean house
Before taking the doors off your cupboards, clean them out.
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Uncommon Things That Top Performing HR Professionals Do
Effective communication
mitigates pay concerns
82%
of employees are ok with low
pay if the rationale is explained
But…
17%
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of companies are confident in managers’
ability to have tough pay conversations
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Uncommon Things That Top Performing HR Professionals Do
Job Information
Teach managers to discuss market reports
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Uncommon Things That Top Performing HR Professionals Do
Total Compensation Statement
• Prepare your managers
• Explain the report
• Give them talking points
• Anticipate employee questions
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Uncommon Things That Top Performing HR Professionals Do
Competitive Strategy
61%
of top performing companies
pay more for competitive jobs
Vs 54% of all companies
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Uncommon Things That Top Performing HR Professionals Do
Equal isn’t necessarily fair
Keep an eye on your hot jobs. Pay more where you have to.
ONE-STRATEGY-FITS-ALL
Industry: IT Services
Size: 200 EEs
Location: Seattle, WA
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SEGMENTED WORKFORCE
Industry: IT Services
Size: 200 EEs
Location: Seattle, WA
Industry: IT Services
Size: 10,000 EEs
Location: Seattle, WA
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Uncommon Things That Top Performing HR Professionals Do
Define your strategy
Talent Market(s)
Level of
competitiveness
What to reward
Industry, Size,
Location, Org
Type
How
aggressively to
pay
Performance,
Experience, etc
Target critical roles above the 50th percentile
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Uncommon Things That Top Performing HR Professionals Do
Millennial Strategy
35%
of top performing companies
will change their strategy for
millennials
vs 28% of all companies
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Uncommon Things That Top Performing HR Professionals Do
Know your workforce
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Uncommon Things That Top Performing HR Professionals Do
Pay your people
90%
of top performing companies
gave increases in 2015
Vs 84% of all companies
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Uncommon Things That Top Performing HR Professionals Do
Give substantive raises
Average Raise
21%+
16 - 20%
11 - 15%
6 - 10%
0 - 5%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Top Performer
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