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Uncommon Things That Top Performing HR Professionals Do

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There is a distinct correlation between certain HR practices and business success. Things like pay practices and pay transparency, culture and employee engagement. The need to leverage human capital to create market value is a role that influential HR departments are taking on.

Publié dans : Business
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Uncommon Things That Top Performing HR Professionals Do

  1. 1. Uncommon Things That Top Performing HR Professionals Do bamboohr.com payscale.com 4 Pillars of Success
  2. 2. Uncommon Things That Top Performing HR Professionals Do bamboohr.com payscale.com Rusty Lindquist VP Product Marketing BambooHR @rustylindquist linkedin.com/in/rustylindquist Adam Peddicord Sr. Director Customer Success Payscale linkedin.com/in/adampeddicord
  3. 3. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do 1Create a great place to work
  4. 4. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Broken Windows
  5. 5. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Environment Impacts Behavior
  6. 6. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do - Rusty Lindquist, BambooHR
  7. 7. bamboohr.com payscale.com 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
  8. 8. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Mission / Purpose Values / Beliefs Communication Practices Reward / Recognition Policies / Procedure Comp Strategy
  9. 9. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Everything you do becomes part of that story… The story of what you value
  10. 10. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Compensation: The story of how much you are valued
  11. 11. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do 2Employ best pay practices
  12. 12. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Top Performing Companies… • Have Transparent Pay Practices • Develop Competitive Strategies • Pay Their People Where to start
  13. 13. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Transparent Pay Practices of top performing companies are transparent about pay vs 40% of all companies 47%
  14. 14. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Decide on the right level of transparency for your organization The PayScale Pay Transparency Spectrum
  15. 15. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do It’s time to clean house Before taking the doors off your cupboards, clean them out.
  16. 16. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Effective communication mitigates pay concerns of employees are ok with low pay if the rationale is explained But… 82% of companies are confident in managers’ ability to have tough pay conversations17%
  17. 17. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Job Information Teach managers to discuss market reports
  18. 18. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Total Compensation Statement • Prepare your managers • Explain the report • Give them talking points • Anticipate employee questions
  19. 19. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Competitive Strategy of top performing companies pay more for competitive jobs Vs 54% of all companies 61%
  20. 20. bamboohr.com payscale.com 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. Industry: IT Services Size: 200 EEs Location: Seattle, WA Industry: IT Services Size: 10,000 EEs Location: Seattle, WA Industry: IT Services Size: 200 EEs Location: Seattle, WA ONE-STRATEGY-FITS-ALL SEGMENTED WORKFORCE
  21. 21. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Define your strategy Target critical roles above the 50th percentile Talent Market(s) Industry, Size, Location, Org Type Level of competitiveness How aggressively to pay What to reward Performance, Experience, etc
  22. 22. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Millennial Strategy of top performing companies will change their strategy for millennials vs 28% of all companies 35%
  23. 23. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Know your workforce
  24. 24. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Pay your people of top performing companies gave increases in 2015 Vs 84% of all companies 90%
  25. 25. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Give substantive raises 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 0 - 5% 6 - 10% 11 - 15% 16 - 20% 21%+ Average Raise Top Performer
  26. 26. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Get Creative of top performing companies use variable pay Vs 74% of all companies 81%
  27. 27. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Evaluate your mix of pay Company culture, compensation philosophy, and compensation strategy Base pay plan Variable or incentive pay plan Individualized rewards & recognition
  28. 28. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Know what motivates your workforce Some creative perks out there… • Fido Friday • Catered lunches • Learning and development opportunities • Free fruit • Gym memberships • Passes to sporting events • Days off after big deadlines • In office massages
  29. 29. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Pay Fairly of top performing companies say their employees are paid fairly Vs 73% of all companies 83%
  30. 30. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Need help getting started? • Get to know the makeup of your workforce; ask what motivates them • Review all elements of your comp plan, especially strategy and mix of pay • Decide how transparent you would like to be; start mapping the steps to get there • Do a market study to see whether you are, in fact, paying your people • Do an internal audit to ensure you’re paying fairly
  31. 31. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do 3Focus on their people
  32. 32. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Talent Deficit Shrinking Tenures Skills Gaps
  33. 33. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Top CEO “Critical Issues” HUMAN CAPITAL the last three years in a row
  34. 34. Ram Charan Best-selling Author, Business Advisor
  35. 35. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do GREATNESS PEOPLE ARE CAPABLE OF but are too often held back by SELF IMPOSED LIMITATIONS
  36. 36. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do There’s a light that shines in each of us, sometimes we just need help focusing it. @rustylindquist
  37. 37. © Rusty Lindquist
  38. 38. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Alignment Competency Opportunity Passion The sweet spot
  39. 39. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do Finding Their Superpower
  40. 40. bamboohr.com payscale.com Uncommon Things That Top Performing HR Professionals Do
  41. 41. @rustylindquist The key to sustainable competitive advantage is the optimization of human capital; attracting, inspiring, and empowering great people.
  42. 42. – Josh Bersin
  43. 43. Uncommon Things That Top Performing HR Professionals Do bamboohr.com payscale.com Thank you! BambooHR Payscale Free job posting on our ATS. We will contact everyone within the next week with details. Download our free ebook.
  44. 44. Uncommon Things That Top Performing HR Professionals Do bamboohr.com payscale.com Rusty Lindquist VP Product Marketing BambooHR @rustylindquist linkedin.com/in/rustylindquist Adam Peddicord Sr. Director Customer Success Payscale linkedin.com/in/adampeddicord Questions?

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