• Totally Rewarding Chats | Ep. 23: Best Practices for Total Rewards Teams

  • Dec 20 2024
  • Length: 38 mins
  • Podcast

Totally Rewarding Chats | Ep. 23: Best Practices for Total Rewards Teams

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  • Summary

  • Aligning HR with business needs Denise Liebetrau shares her extensive experience in compensation management and discusses best practices for organizations of all sizes. She emphasizes the importance of data governance, job architecture, and understanding business needs to create effective compensation strategies. She also highlights the value of both internal and external collaboration in developing compensation frameworks and the necessity of ongoing education to maintain data integrity. Denise and Sean discuss the critical intersection of HR, compensation planning, and business value. They emphasize the importance of understanding business needs, building relationships, and aligning HR metrics with organizational objectives. This conversation also highlights the challenges faced by HR departments in securing budgets and resources, the necessity of technology in streamlining processes, and the significance of employee recognition and value in driving engagement and productivity.
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