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Follow Through Once the analysis is complete, don’t just analyze the results for internal purposes — communicate the results to workers , including the rationale if the results lead to taking from one rewards program to adjust or enhance another.

Many tools can be used to capture and analyze data for bias, ranging from basic spreadsheets to advanced artificial intelligence (AI) technologies.

Return on Sales Expense This report summarizes the results of a May 2021 WorldatWork survey gathering information about the ways organizations are measuring and analyzing sales costs and productivity.

“As more data is released, the ability to analyze large amounts of data becomes more important.

We analyzed our remuneration database, which holds a significant sample of more than 187,000 employees in 1,200 organizations across New Zealand.

See Issue Journal of Total Rewards Q2 2024 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.

An AI tool, however, can only analyze and learn from the data it is given, making TR’s data collection, input and review practices the first line of defense against unfair and biased compensation decisions.

How AI Is Reshaping Jobs, the Workforce , Workspan Magazine article; ;How AI is Changing Total Rewards Functions and Roles , Workspan Magazine article; ;AI in the Real World: What People Are Actually Doing and Why It Matters , May 12 webinar; Historically, pay equity has been analyzed in arrears, with HR investigating problems that may have developed over the past one to three years.

By analyzing historical voting trends, companies can better strategize and plan shareholder engagement for new proposals.

See Issue Journal of Total Rewards Q2 2024 Studies of a variety of topic rewards topics, from AI and pay transparency to career advancement to analyzing a pay gap.