Episode 22: A Conversation with HR and Compensation Expert, Scott Trumpolt
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Episode 22: A Conversation with HR and Compensation Expert, Scott Trumpolt
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With years of experience in human resources and compensation design, Scott has worked with companies of all sizes—from fast-growing startups to large global enterprises—across a broad range of industries.
Before launching his own firm, Scott served in senior compensation roles at several companies, where he developed a reputation for aligning pay practices with business performance, culture, and long-term strategic goals.
His expertise spans executive compensation, incentive design, salary benchmarking, pay equity, and total rewards strategy. Scott is known for his pragmatic, data-driven approach and his ability to translate complex compensation issues into clear, actionable solutions.
He founded Trumpolt Compensation Design Solutions to give companies access to high-quality, customized compensation support without the overhead of a large consulting firm.
Scott’s path to entrepreneurship wasn’t born out of a desire to run a business for business’s sake—but from a deep understanding of a problem that needed solving: how companies design, implement, and manage compensation plans that actually work.
In the first half of our conversation, Scott opens up about his journey—from the leap into business ownership to the highs, lows, and lessons learned along the way. Then, in the second half, we get into what he knows best: compensation strategy.
We talk about the difference in expectations between baby boomers and millennials, how a well-crafted comp plan can attract top talent, and the surprising ways in which companies often get compensation wrong.
If you’re a business owner, HR leader, or just curious about how smart compensation design can impact everything from recruitment to retention—this episode is for you.
Scott's Company:
Trumpolt Compensation Design Solutions
https://hrcompensationconsulting.com
Chapters:
00:00:00 Introduction to The Reluctant Entrepreneur Podcast
00:02:39 Transition from Corporate HR to Entrepreneurship
00:05:37 The Journey of a Reluctant Entrepreneur
00:08:31 Exploring Global Compensation Differences
00:11:29 Evaluating the Market Value of Your Work
00:14:15 Managing Career Uncertainty and Control
00:16:57 Building Multiple Revenue Streams
00:19:53 Building a Career Architecture: A Personal Journey
00:22:56 Why 80% of Businesses Fail: Lack of Adaptability and Skill Acquisition
00:25:39 Overcoming Business Challenges and Staying Motivated
00:28:40 Strategies for Balancing Business and Niche Services
00:31:41 Finding Passion and Delegation in Business
00:34:19 Misconceptions About Compensation Design
00:37:06 Crafting Effective Compensation Plans: Market-Based and Transparent
00:40:08 Unique Compensation Strategy in a Small Company
00:43:13 Career Architecture for Employee Growth and Retention
00:45:56 Enhancing Employee Engagement Through HR Strategies
00:49:00 Pay Transparency and Career Development
00:51:43 Importance of Career Development and Employee Engagement
00:54:30 Prioritizing Company Culture Over Salary
00:57:12 Building a Values-Based Startup Culture
01:01:03 Defining Success in Entrepreneurship
01:03:07 Redefining Success and the Limitations of Wealth
01:05:42 The Reluctant Entrepreneur - Anatomy of a Business Startup: From Uncertainty to Success