Episode 111: Unraveling Compensation Practices – A Conversation with Mike Strout

Explicit content warning

05/04/23 • 25 min

In this week’s episode, our guest, Mike Strout, gives his unique and surprising thoughts on compensation practices. He shares his 4 Principles of Comp design:

1) The goal of compensation is to attract and retain people - period.
2) Compensation isn’t fair. Don’t think that it is.
3) Compensation design is going to piss off someone.
4) Don’t overthink it, and don’t over focus on it.

Mike makes compensation, dare we say, fun? So...

Come on in, grab a snack. Welcome!

In this week’s episode, our guest, Mike Strout, gives his unique and surprising thoughts on compensation practices. He shares his 4 Principles of Comp design:

Mike makes compensation, dare we say, fun? So...

Come on in, grab a snack. Welcome!

Previous Episode

Episode 110: Big Bad Bosses

In this episode, Bob’nJoyce discuss what “bad bossing” looks like and it's destructive impact. Bad bossing demotivates and demoralizes. Bad bosses are creativity killers, eroding a company’s success, and are the #1 reason people leave a company. And here's the punchline: at one time or another, we all have been bad bosses.

Here are some of our observations:

Bad bosses focus on the negative and on themselves.
Bad bosses are lazy and don’t go the extra mile to communicate and give constructive feedback.
Bad bosses assume they know better.
Bad bosses suck the oxygen out of the room - wherever they go.
Bad bosses put people on edge versus putting them at ease.

Come on in. Grab a snack. Welcome!

Next Episode

Episode 112: No Small Talk Here!

In this episode, Bob’nJoyce share a powerful exercise for teams called “Large Talk Questions.” These are powerful questions that pairs ask one another that invites curiosity, new discovery, and builds relatedness. Think of “Large Talk Questions” as the antidote to small talk where people exchange greetings with half attention and interest. “Large Talk Questions” is an exercise that can be used as a warm-up in group meetings or to jumpstart new teams.

We invite you to join us and afterwards practice “Large Talk Questions” with friends and coworkers. What “opens up” for you might surprise and delight you.

So come on in. Grab a snack. Welcome!