StratChat Featuring Mayur Chaturvedi: Rethinking Compensation in a Human-Centric Workplace
As the world of work changes at lightning speed, traditional concepts of compensation in the workplace simply don’t cut it anymore. In the most recent StratChat, Mayur Chaturvedi presents on a key shift: how compensation models now shift towards trust, transparency, and flexibility.
Mayur suggests that when it comes to employee expectations, the expectations have changed significantly in this post-pandemic world. Compensation is no longer simply salaries— it’s about how organizations earn their people’s trust. HR teams can increase connection and cultivate trust and loyalty at the workforce level through open communication, fair pay, and flexible benefits.
This framework is a mandatory consideration for organizations that are hoping to attract and retain talent. A culture that values openness and empowerment can be a great driver of productivity and trust– a culture that supports purpose, wellbeing, and respect will have a competitive advantage, even over top compensation competitors.
“Compensation is no longer just a number. It’s a representation of the relationship between the organization and its people.” — Mayur Chaturvedi
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