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Workspan Daily article; Financial services company Goldman Sachs Ayco recently analyzed the benefits and compensation offerings at more than 400 client companies and found those respondents are increasingly allowing employees to convert paid time off (PTO) into an equitable cash value directly applied toward: ;Student loan payments; ;401(k) accounts; ;Health savings accounts (HSAs); ;Charitable contributions, including donating time to other employees; ;529 plan contributions; ;Monetary payouts; In addition, the Goldman Sachs Ayco report showed more than 25% of these companies have a PTO purchase program, which allows employees to buy and sell their vacation days.

There is the fiduciary duty to analyze whether or not to offer the option of private funds to your plan participants but then also the fiduciary duty of making sure your plan participants are protected, informed and understand how the investments work and who the fund sponsors are.”

.; ;Regularly analyze your pay structures and salary ranges to ensure they’re fair, honest and aligned with external data, and be prepared to explain and defend them.

While AI can quickly conduct research and analyze data, Vaillancourt said it falls short at parsing nuance, applying judgment or zeroing in on what matters most.

Analyzing 1,070 public companies across 18 markets, the data found up to 81% of global organizations now tie executive compensation to people-related metrics, such as employee retention and turnover.

Gen AI will also give HR leaders and professionals the chance to better manage and analyze data to make better-informed talent decisions across the organization and provide insights to managers and employees directly to aid in their decision making.

This course empowers you to master compensation analytics, enabling you to analyze KPIs, set pay rates, develop salary ranges, assess fairness, and ensure compliance using data-driven strategies.

In recent months, BCCWF has analyzed a data set of more than 1,400 men and women working in large corporations in the United States (collected by the BCCWF Center prior to the pandemic).

-based organizations by Deloitte Consulting and Empsight, the “ Pulse Survey of Frontline Worker Practices ,” almost half of compensation professionals surveyed said that they are already looking at compensation data for multiple industries and roles when analyzing competitive wages for frontline jobs.

Christine Hendrickson, vice president of strategic initiatives at Syndio, said compliance balances on two pillars: 1) analyzing and ensuring workplace equity; and 2) communicating about it.