Paul provides his take on two key hot topics in the People space: AI and Pay Transparency.
Artificial Intelligence In The Spotlight
- ChatGPT is unavoidable, and the applications for HR are real. Related article here.
- Workday is getting sued about their algorithm (linked here), but also is describing very valuable ML-based enhancements to their product suite. Their strategy announcement is here.
- Cool innvation in People Analytics using AI. Orgnostic announcement.
Making Pay Transparency Work
Novo Insights blog here.
More episodes from "People Data Insights"
Around the People Analytics World With Cole Napper
1:01:57Paul has a wide-ranging conversation with Cole Napper, VP of People Analytics and product Evangelist at Orgnostic. In their discussion, Paul and Cole chat, debate, and have a little fun on a variety of People Analytics topics. Among the resources and sites mentioned in the show:Directionally Correct newsletter (with links to podcast)The Black Swan articleOrgnosticThe Information to Impact processThe Talent Magnetism concept and related solutions
Disruption: A survey, a paper, and some metrics
24:03Paul covered three topics under the broad theme of disruption: The World Economic Forum Future of Jobs report, which explores disruption in the labor market A recent academic paper on the occupation-level impact of generative AI (and a handy Washington Post summary visual) Thoughts on how measuring churn and gross change can inform a different perspective than simply measuring net change.
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Is Your Compensation Function Understaffed?
28:46In this episode, Paul summarizes our recent research on the size of compensation teams and the factors that affect team productivity and growth. Access to the research report can be found here:https://www.novoinsights.com/insights/is-your-compensation-team-understaffed
People Analytics and Data Modeling with Richard Rosenow
53:10Paul is joined by Richard Rosenow, VP of People Analytics Strategy for One Model. In this conversation, they explore the distinction between People Analytics and the current boom in generative AI, the importance of data modeling and data strategy for generating useful analytics, and some important considerations for People teams as they build and scale a People Analytics function.Among the content referenced in the episode:The One Model blogThe People Data Platform whitepaper
Challenge the Robot: Key Questions to Ask Your People Tech Providers
20:11As the People Tech market explodes with AI innovation, it's critical that People leaders become wise consumers of AI. In this podcast, Paul explores the key questions you need to ask when your People Tech vendors release AI innovations.
March Hot Topics: AI for HR and Making Pay Transparency Work
29:50Paul provides his take on two key hot topics in the People space: AI and Pay Transparency.Artificial Intelligence In The Spotlight ChatGPT is unavoidable, and the applications for HR are real. Related article here. Workday is getting sued about their algorithm (linked here), but also is describing very valuable ML-based enhancements to their product suite. Their strategy announcement is here. Cool innvation in People Analytics using AI. Orgnostic announcement. Making Pay Transparency WorkNovo Insights blog here.
Pay Transparency: Now What (Part 3) with Bryan Briscoe
56:35Paul and Bryan discuss what the medium to long-term impact of pay transparency might be, based on academic research and other thought leadership in the space. Will wages go up - or down? Will pay equality increase? What unintended consequences might we see? What new pay strategies might arise?Studies cited in this episode:The economic effects of expanded compensation disclosuresDoes Transparency Lead to Pay Compression?Equilibrium Effects of Pay TransparencyThe Austrian Pay Transparency Law and the Gender Wage GapDo Firms Respond to Gender Pay Gap Transparency?The influence of pay transparency on (gender) inequity, inequality, and the performance-basis of pay
Pay Transparency: Now What (Part 2) with Justin Hampton
55:57Paul chats with Justin Hampton, Founder of CompTool, about what organizations are doing in an era of pay transparency in job postings. They share what the data shows is happening in posted pay ranges and idenify how organizations should think about these ranges as they compete for talent.Referenced in the show:Article that states number of job postings on Indeed fell after transparency law went into effect: Here(Note that underlying JOLTS data did not show a corresponding change in opennings)CompTool.com
Pay Transparency: Now What (Part 1) with Chris Ward
45:41Part 1 of 3 to discuss what's happening with Pay Transparency. Paul is joined by Chris Ward, Partner with Foley & Lardner, to discuss the changes in the law and how to approach compliance with those changes.Foley article summarizing 2023 changes: https://www.foley.com/en/insights/publications/2023/01/navigate-new-state-pay-transparency-laws-2023Cheat sheet of laws: https://synd.io/blog/us-pay-transparency-legislation-cheat-sheet/
The Line with the Introverted Networker, Greg Roche
1:07:17Paul and Greg discuss what happens that causes an employee to consider leaving a company, and how this affects the approach we take as HR practitioners in diagnosing employee attrition. Greg also highlights the work he does to help individuals network more effectively without going to networking events.Greg Roche helps introverts grow their networks without going to networking events. He is the author of The Fast and Easy Guide to Networking for Introverts, he posts every weekday on LinkedIn about networking, and he recently launched The Introverted Networker which is his weekly newsletter that delivers one networking tip to your inbox every Saturday morning. He's a VP of Compensation at large healthcare company and has spent the last 25 years of his professional life working in the healthcare, consulting, cybersecurity, and multifamily real estate industries. Greg is a Colorado native who has lived in the Denver area for the past 20 years. Sites / Links mentioned in the show:https://www.linkedin.com/pulse/what-happens-right-before-your-best-employee-quits-greg-roche/ https://www.gregsroche.com/ https://www.novoinsights.com/novoretain