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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.

In analyzing data from more than 45 million patients covered by employer-sponsored health-care plans, the study found that out-of-pocket costs for patients rose between 2013 and 2019 overall.

He said AI tools can provide answers instantly by analyzing a workforce’s age and health to suggest plan types, as well as offer reminders and nudges .

.; Market Observations We analyzed post-CEO transition pay disclosures that represent various arrangements in the market.

Analyzing and Auditing Providers and Processes Frequently cited methods to reduce medical expenses (in particular, those categorized as “unnecessary”) included managing vendor contracts, conducting audits, and preventing overutilization and abuse of services.

On the compensation side, she said, AI tools that are trained specifically for your organization can help assess and improve your existing pay structures, analyzing pay equity and looking for gaps .

For WorldatWork Members Compliance Checklist When Vetting a New State for Business Expansion , Workspan Daily Plus+ article;5 Things TR Pros Can Do to Mitigate Pay Transparency Risks , Workspan Daily Plus+ article;From Audits to Algorithms: Using Proactive AI for Sustained Pay Equity , Workspan Daily Plus+ article;Total Rewards Competitiveness Analyzer: Understand How You Stack Up , Workspan Daily Plus+ article;Pay Equity Planning Guide , tool;Pay Equity Laws by State — Are You in Compliance?

If we avoid analyzing how our operations have created obstacles in providing our members with experiences for which they are asking, we avoid ensuring that the exchange between our members and our association is everything it can be.

“Despite the ability to identify and analyze disparities across different populations, with some employers, little to no action is being taken,” she said.

.; ;Analyze the changes at both the state and federal level.; ;Prioritize the shifts that are most likely and/or significant for a particular organization.; ;Preemptively review and update policies, such as wage/hour classifications, noncompete agreements, DEI initiatives and workplace conduct guidelines.; Cheeseman at Norton Rose Fulbright recommended employers stay in close contact with labor and employment attorneys for guidance.