Paul Leon talks with Scott Trumpolt, a Managing Director and Principal Consultant, who shares his extensive expertise in human resources, salary structure, and workplace culture. Discover how companies develop effective employee compensation strategies and incentives that turn pay transparency into growth opportunities.
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Takeaways
✅ Why compensation has been treated as "hush hush."
✅ The shift toward pay transparency and what it means for you.
✅ How to link your pay to career development (the key to retention).
✅ Coaching strategies for managers having tough pay conversations.
✅ Real-world example: How one manager's pay issue revealed systemic problems.
✅ The employee's role: Active listening and career ownership.
✅ How mentorship can transform your professional trajectory.
Chapters
00:00 Introduction to Compensation Consulting
01:44 Understanding Black Box Compensation
05:38 The Importance of Pay Transparency
07:47 Real-World Example of Pay Issues
11:33 Coaching Managers for Effective Pay Conversations
17:20 Scott's Journey to Consulting
21:12 Insights from The Defragmented Consultant Book
26:05 Bridging the Gap: HR and Management Collaboration
30:46 Empowering Employees: The Role of Active Listening
35:23 Spotting Potential: Mentorship and Career Growth
39:27 Success Stories: Transformative Client Experiences
43:23 Final Thoughts: Empowerment and Transparency
