45, Part 2. Why Pay Will Never Feel Fair At Work (And It's Not The Money) Podcast By cover art

45, Part 2. Why Pay Will Never Feel Fair At Work (And It's Not The Money)

45, Part 2. Why Pay Will Never Feel Fair At Work (And It's Not The Money)

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Compensation is where human psychology and organizational systems collide—and in Part 1, Rodney and Sam named why it so often turns into a hedonic treadmill: every lever you pull to reduce dissatisfaction tends to raise expectations and create new dissatisfaction. If you haven’t listened to Part 1 yet, start there for the “why this is so messy” foundation. In Part 2, Rodney and Sam move from diagnosis to design: what principles should a compensation system actually be built on—and what do you do next? They walk through practical comp first principles and explore concrete moves teams can experiment with—like simplifying comp, reducing negotiation, and creating healthier feedback loops. -------------------------------- Ready to change your organization? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Let's talk.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Get our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Follow us: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ -------------------------------- Mentioned references: ⁠"previous comp episode": AWWTR Ep. 45, Part 1 "JEDI": BNW Ep. 40 with Sharan Bal "Midnight Zone": Depthfinding Miniseries BNW Ep. 6 with Joel Gascoigne BNW Ep. 36 with Nathan Barry BNW Ep. 84 with David Buckmaster BNW Ep. 89 with Nikki Kaufman 00:00 Intro: What Would You Rename Yourself? 03:26 Comp Principle #1: Pay and Human Dignity 07:21 Comp Principle #2: Pay Equity at Work 10:06 Comp Principle #3: Salary Clarity and Transparency 15:56 Comp Principle #4: Collective Alignment on Pay 19:04 Comp Principle #5: Employee Participation in Pay Decisions 21:47 Comp Principles #6 & #7: Simplicity and Talking About Pay Less 24:12 Redesign Idea #1: Anonymous Team Rewards Ranking 25:48 Redesign Idea #2: Eliminating Salary Negotiation 28:03 Redesign Idea #3: Interview Elsewhere to Reset Pay Expectations 29:38 Redesign Idea #4: Create Transparency for Employees 32:44 Outro: Rate the Podcast + Share At Work With The Ready Sound engineering and design by Taylor Marvin of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Coupe Studios⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
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