Happier At Work: Leadership, Culture, Performance 216: How to achieve Pay Transparency with Virgile Raingeard
In the latest episode of the Happier at Work podcast, I had the honor of hosting Virgile Raingeard, the CEO and co-founder of Figures, a conversation management platform. Virgile's extensive experience in HR, coupled with his dedication to creating fair and transparent compensation processes, provided valuable insights into the future of fair pay in the workplace.
Virgile emphasised the importance of basing compensation on actual performance rather than past seniority, disrupting traditional compensation structures. We stressed the crucial role of transparency in compensation, predicting a future where lack of salary transparency will seem archaic and unacceptable.
The discussion shed light on the impact of transparency on closing the gender pay gap and the legislative changes targeting pay inequities in different countries. We also explored the challenge of fairly compensating employees with unique skills and the role of collective profit-sharing schemes in balancing individual pay differences.
The main points throughout this podcast include:
- The importance of basing compensation on actual performance rather than past seniority, disrupting traditional compensation structures.
- The crucial role of transparency in compensation.
- The impact of transparency on closing the gender pay gap.
- The challenge of fairly compensating employees with unique skills.
Do you have any feedback or thoughts on this discussion? If so, please connect with Aoife via the links below and let her know. Aoife would love to hear from you!
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