• SCALE UP - Conversation with Dr. Fermin Diez, ex-Senior Partner at Mercer

  • Jan 27 2024
  • Length: 32 mins
  • Podcast

SCALE UP - Conversation with Dr. Fermin Diez, ex-Senior Partner at Mercer

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  • Summary

  • My guest this week is Dr. Femin Diez, a rewards expert, ex-Senior Partner at Mercer, Professor, Top HR Influencer and Book author. Over the last 40+ years, Dr. Diez has witnessed the evolution of the rewards space through conducting his own research, teaching and working with innovative companies across diverse international markets. One of his lifelong passions is to drive innovation and change in the rewards discipline, which unfortunately haven’t gone through much transformation throughout the last 40-50 years. The way we think about rewards design, motivation, performance and incentives are still largely based on an age-old job-based compensation system that was once developed to solve a labor crisis in the 1940s. In this thought-provoking episode, Dr. Diez shares his first-hand research and industry experience on innovative concepts and practices in the rewards space. He also discusses the history and evolution he has seen over the last 4 decades, and the rationale behind why he urges us to challenge old assumptions and adopt a customized approach in the new design. Lastly, he shares his inspirational career story and advice for growth stage startup rewards best practices. "The future of pay - what got us here won’t get us there!" Subscribe to the bi-weekly newsletter for detailed write-ups of the interview.
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