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Use Data Algorithms, Not Just Rankings While feedback is important, Schulz cautioned against the common trap of jumping to the lowest-scoring item captured through an audit and treating it as the priority.

“Build a strong bench of HR professionals around you, invest in learning the craft and avoid the trap of thinking your outside experience makes all traditional HR wisdom obsolete.

Access a related Workspan Daily article on this subject: Organizations Are on the Skills Bandwagon; How TR Can Drive It; Access bonus Workspan Daily Plus+ content on this subject: A Step-by-Step Guide to One Skills-Based Org Lever TR Can Pull; As more employers focus on skills-based hiring and pay models, total rewards professionals can support those efforts by helping employees curate their career portfolios through skills alignment and diverse growth experiences.

Step 2: Deconstruct the benchmarking trap.

“Don't fall into the trap of thinking ‘I don't have any employees in Europe, so I can ignore it,’ ” she said.

Avoid the trap of thinking that sending out an annual EVP summary every year is enough, Mortensen said — EVP communication should be ongoing.

Do we as HR and compensation professionals fall into the trap of too much planning and not enough action?

Utilizing the SOC model allows the “C” compensation portion of the model to act as the focus area of a formidable leadership development program.