EP 111: How Compensation Policies can benefit Employee Growth with Dan Kopp

Interested in how proper compensation systems can benefit your organization? Our guest today is Dan Kopp, Author, Veteran and cofounder of Dinamico Systems. He is an expert on creating algorithms to assist clients in aligning compensation with employee values. Listen in as he shares his thoughts on compensation, and, in particular, how pay and pay philosophies can impact organizational culture and employee growth.

What You’ll Learn In Today’s Episode

  • How to build a skill-based compensation system. (2:40)
  • What in-role growth is and how it affects employee retention. (8:14)
  • Equitable compensation practices and solving pay disparity. (15:12)

Actionable Takeaway for HR Professionals

  • Ensure your systems are efficient and embrace new pay practices because it will improve your organization in the long run. (20:47)

Actionable Takeaway for Executives

  •  Inefficient systems can waste time and money as well as heavily impact employee retention. (19:57)

Ideas Worth Sharing

“Whether it's city or state level laws, where pay transparency is mandated to be included in a job posting. We argue that you should take that one step further and put your pay philosophy in it.” - Dan Kopp Click To Tweet

Resources In Today’s Episode

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