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S2 E10: Why the Odds of Achieving Equitable Pay Are Never in Our Favor, with Enrique Esclusa

S2 E10: Why the Odds of Achieving Equitable Pay Are Never in Our Favor, with Enrique Esclusa

FromI Hate It Here


S2 E10: Why the Odds of Achieving Equitable Pay Are Never in Our Favor, with Enrique Esclusa

FromI Hate It Here

ratings:
Length:
58 minutes
Released:
Nov 8, 2023
Format:
Podcast episode

Description

It’s not that HR doesn’t want to pay you equitably… It’s that sometimes we just can’t. The odds are… rarely ever in our favor. So what can we do to eliminate the constant source friction that pay inequity causes?   
Hebba dives into the complex world of compensation management with guest Enrique Esclusa, co-founder and co-CEO of Assemble. They unravel the reasons why understanding equity as an employee is so important, the role of market data in decision-making, and the challenges HR departments face in managing pay equity and transparency.
Enrique shares insights on how misalignment between leadership, HR, recruiting, and finance can lead to compensation problems, and emphasizes the need for fair and consistent practices. 
Plus, can we finally just be done with the shortcomings of spreadsheet compensation management? Enrique certainly thinks so—he explains the benefits of using a platform like Assemble to streamline the process and ensure pay transparency and equity.
 
00:00:00 - Assemble: Revolutionizing Compensation Management Platform
00:01:02 - HR Hot Take
00:02:50 - Avoiding Common Mistakes in Compensation Management
00:05:57 - Aligning Leadership and HR
00:10:56 - The Downside of Traditional Compensation Management
00:16:48 - Boosting Employee Morale with Transparent Compensation
00:25:08 - Understanding Equity: 3 Key Factors
00:31:46 - The Importance of Data in HR Compensation
00:40:50 - Addressing Pay Equity in DEI Programs
00:47:52 - The Root Cause of Compensation Problems
00:53:57 - HR's Potential to Fix Compensation Problems
 
And if you love HR Therapy, sign up to I Hate it Here, the newsletter for jaded, overworked, and emotionally burnt-out HR/People Operations professionals needing a little inspiration.
https://workweek.com/discover-newsletters/i-hate-it-here-newsletter/
 
For even more exclusive insider content, don’t forget to check out my YouTube page. 
 
Learn More About Assemble: 
Website: https://www.assemble.inc/demo
 
Follow Enrique:
LinkedIn: https://www.linkedin.com/in/enrique-j-esclusa/
 
Follow Hebba: 
YouTube: https://www.youtube.com/@ihateit-here/videos
LinkedIn: https://linkedin.com/in/hebba-youssef
Twitter: https://twitter.com/hebbamyoussef
 
15Five is the performance management platform that drives business results and gives HR teams a complete solution to deliver high employee performance, engagement, and retention while improving manager effectiveness. 
 
Find out more about 15Five here.
 
And if you'd like to keep learning, Hootsuite’s new 2023 Social Media Career Report is loaded with insights about social marketers’ pay, promotions, job satisfaction, challenges, gender pay equity, mental health, and more—to help you attract, hire, and retain the best social marketers.
Uncover the state (and state of mind) of the social media marketer in the full report!
Released:
Nov 8, 2023
Format:
Podcast episode

Titles in the series (38)

If HR is one of the most soul-crushing industries to work in, how come we’re not talking about it more? I Hate it Here is the unflinching podcast where People professionals to talk honestly and openly about HR, sharing best-in-class resources to make the hardest job in the world that little bit easier. Hosted by Hebba Youssef, Chief People Officer at Workweek and creator of the I Hate it Here podcast and newsletter, this show is for HR People who want to get things done right - even if they do feel a bit empty inside from time to time. You’ll hear from industry insiders, not just the same old voices, sharing all the things you’re secretly thinking but never said out loud, digging into real-life examples, and delivering practical solutions and strategies for your people team.