August 2022 - Meet Alex Anderson Alex! Alex enables organizational efforts in the design & execution of strategies involving employee benefits, compensation, and engagement solutions, including the assessment & mitigation of associated risk.

He works as a direct extension of HR, Finance, and Senior Leadership teams, his role revolves around developing Total Rewards programs & processes built to;

• Achieve financial efficiency & fund growth projects;

• Strengthen employee value propositions & workplace experiences;

• Decrease administrative burdens.

His only objective is to bring as much value to his client’s table as possible; much of that value stems from evaluation, negotiation, and proactive problem solving, but companies & employees are unique and should be treated as such – everything depends on the goals, priorities, and specific situation of each partner.

So, above all – asking questions and listening – is far & away the most important part of his professional duties.

Alex joined RMTRA for the learning and networking opportunities. He has been in the industry a long time, but is relatively new to the broker world. He was looking for ways to connect with professionals in the field and acquire new insights to help improve his ability to service clients.

Alex said that networking has never been his strong suit and something historically he has always avoided; in many ways, so Alex joined RMTRA to get out of his comfort zone and gain perspectives from top-caliber leaders.

Alex has been a member for over ten years and continues his membership because he has been to several HR/business associations & conferences, and while most are enjoyable & worthwhile he wants to learn more. The content covered at RMTRA events cuts the fluff and is specific enough for a legitimately productive discussion.

For Alex, the key is choice; some topics are more applicable than others, depending on your role, but the structure at RMTRA promotes curiosity & makes it easy for one to dive into whatever looks interesting. The subject matter experts & overall level of professionalism always impress him. With a wide range of tenure, roles, and industries, he always takes away insights that fill knowledge gaps & improves his overall awareness.

One aspect that he has especially enjoyed is the genuine passion from RMTRA members. Alex said, “It’s abundantly clear that they’re people who care & are actively striving to make a difference in their respective organizations. Total Rewards is a crazy, complex world & we are all in it together. If your job involves winning the war on talent or equipping humans with resources - Rocky Mountain Total Rewards is the Association for you.”

While he loves being part of total rewards however, insurance is an objectively change-averse industry that has largely operated with the same approach, mindset, and solution offerings since the sixties. Thanks to COVID and given recent staffing & cash flow pressures, he believes client needs are evolving at a greater pace & degree than at any time in history. Insurance carriers, brokers, consultants, and tech vendors must adapt to everything to keep up.

While every company is unique, there’s one universal commonality that he feels best represents the future of Total Rewards, and that's » time-value.

Alex believes we will undoubtedly see a ‘focus shift’ that prioritizes the development of efficient internal processes built for continuous improvement. Total Rewards encompasses the top two corporate expenditures, making the associated financial, administrative, and workforce strategies of utmost importance. Alex said,

• “Time is our most valuable commodity; it’s a sunk cost that cannot be recovered. More time means more money + more capacity for operational teams to achieve other, more productive work/life objectives (less time = less opportunity).”

The time-value impact of Total Rewards will cause companies to place more weight on individuality and customization. Flexibility is rightfully gaining steam in talent strategies, but for business priority areas like automation, streamlining workflow, and establishing frameworks for effective task management will only become more prevalent; digitization, internal mobility, and modernizing outdated methods all play major parts as well.

A personal point of pride for Alex, is helping free up capacity for HR teams; the workload & sheer volume of tasks that HR deals with day-to-day is overwhelming, but there are many ways to make their lives easier. Regardless of your goal, whether it relates to approach, mindset, or solutions, the rise of Total Rewards has created a completely new realm of interesting possibilities to explore. Employee experience is everything, and its improvement starts & ends with People Operations.

Thank you Alex for being a  RMTRA member. We look forward to seeing you at future RMTRA events.

Who is going to be our September spotlight member? Stay tuned for next month’s newsletter and find out. Even better, join us for the RMTRA Annual Conference September 22, 2022. We cannot wait to see you there!

July 2022 - Meet Joann Nelson

We would like to spotlight a long-time RMTRA member Joann Nelson. Joann has her own consulting company, Rooted Resolve, where she conducts business as a Compensation Consultant. After working in-house for the first 15 years of her career, she has spent the last 7 years as an external compensation consultant. Joann collaborates with organizations to develop internally equitable and externally competitive pay practices. She first became a member of RMTRA in the spring of 2003. She was new to Compensation, and joined as a way to learn and grow in the profession.

Joann continues to be a member because of the people, the informative and learning events, taking CCP classes, and she previously served as a member of the RMTRA Board. She has made meaningful and lasting connections with others in the field and has developed an extensive networking community. She would recommend RMTRA to total rewards professionals at any stage of their career. RMTRA provides opportunities to learn, network and share knowledge with other total rewards professionals facing similar challenges. The challenges Compensation Professionals are facing today are changing more now than ever.

One big change that she has seen has been greater pay transparency (“the degree to which employers are open about what, why, how and how much employees are compensated”). In her early compensation days, pay practices were more secretive – more of a "black box" approach. Over the years, she has seen an increase in pay transparency. It was already becoming more of a priority, and then the passage of Colorado’s Equal Pay for Equal Work Act really accelerated things. Joann believes the future of total rewards will be an increased focus on pay equity - making sure compensation decisions are fair and unbiased”.

Thank you Joann for being a long-time RMTRA member and previous board member. We look forward to seeing you at future RMTRA events.

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