Sean Luitjens - HR Tech 2023 - Leveraging People Analytics for Compensation Allocation

01/16/24 • 26 min

Summary:
Sean Luitjens is a General Manager of Total Rewards Analytics at Visier. He has over 25 years of experience working on talent acquisition software and compensation benefits software for various companies. In this episode, Sean talks about how people analytics can help businesses make informed decisions about compensation allocation and pay equity.
Chapters:
[0:00 - 4:30] Introduction
•Welcome, Sean!
•Today’s Topic: Leveraging People Analytics for Compensation Allocation
[4:31 - 11:36] Why is it difficult to allocate compensation despite all the technology available?
•HR practitioners are asked to differentiate pay while also making it equitable
•An increasing amount of data must be pulled together to make a business case for the CFO
[11:37 - 22:14] How do companies address pay equity in relation to talent retention?
•Why most companies are implementing long-term pay equity remediation plans
•Sometimes doing the right thing means that organizations need to endure some turnover
[22:15 - 26:18] What could companies do to start fixing their pay inequities?
•Build a foundation of tools to identify pay equity issues and develop a pay philosophy to address those issues
•Companies should not be afraid to be wrong
[26:19 - 26:57] Closing
•Thanks for listening!
Quotes:
“At a high level, the [HR] practitioner is being asked to pay differently but the same.”
“Don’t be afraid to be wrong . . . The good and the bad with pay equity is that you can’t fix it on one given day, so you have the ability to aim, fire, aim, fire as you go.”
Contact:
Sean's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris Email us!Production by Affogato Media

To schedule a meeting with us: https://salary.com/hrdlconsulting

For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/

Produced by Affogato Media

Send us a text

To schedule a meeting with us: https://salary.com/hrdlconsulting

For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/

Produced by Affogato Media

Previous Episode

Schon Parris - How to Start Making Data-Driven HR Decisions

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Summary:

Schon Parris is the Future of Work Practice Leader at ADP where he helps clients better use their data to make well-informed business decisions. In this episode, Schon talks about what typically prevents HR teams from effectively using the data available to them and how they can overcome those obstacles and start making data-driven decisions today.

Chapters:

[0:00 - 5:46] Introduction

Welcome, Schon!
Today’s Topic: How to Start Making Data-Driven HR Decisions

[5:47 - 12:10] What gets in the way of HR using data successfully?

There needs to be an advocate that is willing to initiate new data analytics processes
Numbers alone do not deliver the context required to tell the full story behind the data

[12:11 - 18:01] Client success stories and commonalities among them

Formulate hypotheses and then discuss them with those involved to gather additional information
Data will not solve problems so much as direct attention toward them

[18:02 - 28:01] What are clients building into their models to accommodate AI?

AI can provide insights that would have previously been very difficult to gather and help direct HR’s focus to unnoticed problems
There’s no need to fear that AI will replace human workers

[28:02 - 30:19] Final Thoughts & Closing

Keep it simple and start
Thanks for listening!

Quotes:

“Somebody has to take it upon themselves to make [data analytics] important. . . . Unless you have at least one person that’s going to dive in and do the work, it’s not going to go anywhere.”

“There’s no need for someone within HR to fear the evolution of AI stealing [their job].”
Contact:
Schon's LinkedIn
David's LinkedIn
Podcast Manger: Karissa Harris Email us!Production by Affogato Media

To schedule a meeting with us: https://salary.com/hrdlconsulting

For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/

Produced by Affogato Media

Next Episode

Oshri Cohen - Technical Recruiting is Broken—Here's How to Fix It

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Summary:

Oshri Cohen is the founder of RedCorner, a CTO as a Service agency that provides organizations with highly skilled and experienced ex-CTOs who specialize in whatever industry, business model or engineering culture is needed. In this episode, Oshri talks about the current issues with technical recruiting and what we can do to fix them.

Chapters:

[0:00 - 4:13] Introduction

Welcome, Oshri!
Today’s Topic: Technical Recruiting is Broken—Here’s How to Fix It

[4:14 - 17:44] What is technical recruiting?

Technology changes at a such a rapid pace that it can be difficult for HR to stay informed
Flaws in poorly-executed technical recruiting

[17:45 - 28:33] What can be done to improve the technical recruiting experience?

Fixing technical recruiting issues from the top down
Why it’s critical for HR and technical managers to work together for technical recruiting

[28:34 - 35:27] How will generative AI affect the world of technical recruiting

How technical knowledge requirements have changed as technology has evolved
Practices that make technical recruiting more accessible

[35:28 - 36:19] Closing

Thanks for listening!

Quotes:

“[Companies should have proper technical leadership where the CTO is a business-minded individual and understands how to talk outside of their technical sphere.”

“If you ask [ChatGPT] to write a specify function that does one small thing, it can do that beautifully, but it writes code like a junior developer.”
Resources:
RedCorner
Contact:
Oshri's LinkedIn
David's LinkedIn
Dwight's LinkedIn
Podcast Manger: Karissa Harris Email us!Production by Affogato Media

To schedule a meeting with us: https://salary.com/hrdlconsulting

For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/

Produced by Affogato Media

HR Data Labs podcast - Sean Luitjens - HR Tech 2023 - Leveraging People Analytics for Compensation Allocation

Transcript

Announcer00:00:02.669

Here's an experiment for you. Take passionate experts in human resource technology, invite cross industry experts from inside and outside HR. Mix in what's happening in people analytics today. Give them the technology to connect, hit record for their discussions into a beaker. Mix thoroughly. And voila, you get the HR Data Labs podcast, where we explore the impact of data and analytics to your business. We may get passionate, and even irreverent,