What if compensation were based on the value individuals create? How would you evaluate performance, contribution, and impact? And how would you compare different roles?

This session explores a thought-provoking, non-traditional approach to compensating employees. A framework for determining value will be proposed, with specific examples and points of comparison provided. To bring the concept to life, a range of professions will be examined through this model, and the audience will be invited to rank them.

For HR, the focus shifts to viewing individuals as raw materials, with the roles they perform as byproducts. The higher the economic value of a role, the more compensation it would command. If many people can fill a role, its price sensitivity would be low.

Much like a TED talk, this session challenges conventional thinking and sparks lively discussion. Audience participation will be encouraged throughout, allowing attendees to both agree with and challenge the ideas presented.

Key Takeaways

• Explore alternative models to traditional job evaluation and pay range establishment
• Learn how to assess economic value and price sensitivity in compensation
• Compare and contrast traditional versus non-traditional methodologies for job evaluation and pay setting