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