Episode 111

Unraveling Compensation Practices – A Conversation with Mike Strout


May 4th, 2023

25 mins 29 secs

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About this Episode

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!