A summary of HRcoreRewards 2024

Here comes my Sunday thoughts, reflecting upon the amazing event from last week in Barcelona. Its was my first time attending HRcoreReward and I have to say, great job Michael Nielsen , Greg Miller and all of the amazing team behind the event. ??

Reading through notes from + 25 speakers, my main take-away is that Pay Transparency was literally part of 9/10 topics on the stage for 2 full days. I'm already looking forward to next year and listen to all actions everybody has taken.

I'll say as one of the VPs of Rewards from the event "We are the lucky ones who will be part of this paradigm shift. What a great honor."

Highlight of the event (IKEA)

One of the best parts of the event was definitely Konstantinos Karavidas from 宜家 and his keynote on pay equity, right? Simply amazing! Some take aways was:

• It’s not about asking “why should we reach pay equity?" but rather “why not”?
• Do we even have a choice not to be transparent? Since the answer is no, we have to guide the organization through the realization that everybody will not know everything.

• Also, have we as a rewards community cared enough? Most likely no, since we need a directive to step up our game.

Greatness is found in simplicity and this slide is one of those. Great job once again Konstantinos Karavidas for highlighting the importance of knowledge when it comes to pay transparency.

Another great slide also (of course) brought by Konstantinos, was the bellow illustration of deciding on level of ambition connected to transparency? Everybody has their own preconditions and need to adapt the implementation of pay transparency.

List of actions already taken by many companies was:

• Increased focus on a gender balanced recruitment.
• Train leaders in the topic of pay transparency and create common definitions of what pay transparency, pay equity, job grades, job profile, salary range, etc means in your organization.
• Stop asking candidates about previous pay. Just stop, immediately.
• Start adding salary ranges to your job ads already. Why wait?
• Set up a project management team, delegate budget, resources and responsibilities and build momentum.
• Make sure you have a separate budget for closing your pay gaps.
• Start exploring how software like Sysarb could support your journey towards compliance. Why wait with demos? Have you heard of our offer to do a free trial? PM me to get your voucher. ?? ??

See you Europe in the fall ??

Look forward to our upcoming events in Amsterdam, Berlin, K?ln, Zurich, Paris, London, Copenhagen, Helsinki, Oslo, etc. Will post dates and locations shortly ??

Download our guide "Pay Transparency do's and don'ts through the link"

https://resources.sysarb.se/guide-pay-transparency-dos-and-donts

Have a lovely summer. ??????

// Your friend Timmy