Leadership & Learning Podcast
The Leadership and Learning Podcast features building material and construction industry leaders, legends, icons, and subject matter experts who share their leadership experiences and insights to help you become a more effective leader.
The target audience is for all levels of leaders in any industry. However it is definitely the podcast for you if you're an emerging leader or involved in managing / leading anyone in the building material and construction industries - manufacturing, distribution, sales, accounting, human resources, customer service or technical support.
Industry associations, college and high school students will also benefit from the lessons shared in this podcast.
The host is Randy Goruk.
Listen here or download/subscribe on iTunes, Sound Cloud, Spotify and Google Play.
Episode #176 – Growing Pay and Careers Transparently with Compensation Expert and Author Scott Trumpolt
In this episode of the Leadership and Learning podcast, host Randy Goruk talks with compensation expert and author Scott Trumpolt about what it takes to earn a meaningful promotion. Drawing on his book, The Transparency of Compensation: The Employee Engagement Response, Scott explains why a promotion should reflect a substantial change in responsibilities.
They discuss how in-range equity adjustments can recognize growing contributions, how transparent career paths can help employees understand their pay and development opportunities, and how managers and HR can make compensation conversations more open, fair, and constructive.
· What is a true promotion.
· Why misusing promotions can hurt employee engagement.
· How in-range equity adjustments can recognize added responsibilities and support growth within an employee’s current role.
· How managers and employees should use regular conversations to clarify career development, skills, market value, and business needs.
· What compensation transparency really means.
· How HR can help managers make fair, consistent pay decisions and address possible inequity or perceptions of favoritism.
· How to make difficult compensation conversations more constructive by focusing on next steps and growth opportunities.
Resources
Scott Trumpolt
Compensation Expert and Author
Previous Episodes
