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Scruggs also noted that supporting financial health and student debt repayment is a key equity tool for employers, citing the disproportionate impact of student loan debt on women and Black, Latino, and LGBTQ+ individuals.

Among the major worker groups, the unemployment rates for adult men (4.0%), adult women (3.7%), teenagers (12.9%), Whites (3.8%), Blacks (6.3%), Asians (3.0%) and Hispanics (5.2%) showed little or no change over the month.

The human elements and sometimes-intangible factors associated with a cost-benefit analysis of total rewards will likely lead to imperfect results that will need to be analyzed in context; don’t assume your findings will be black-and-white, Boudreau and Luitjens said.

Is the rewards program understood, or is it a black box?

The focus was strengthened after a mission expansion by nonprofit DEIB hiring advocacy group OneTen , a coalition of 40 employers — including AT&T, Allstate, Bank of America, Cisco, Dow, General Motors, Merck, Nike and Walmart — whose aim calls for closing the opportunity gap for Black talent and others without a four-year college degree.

The current pandemic has the characteristics of a “Black Swan” event, in that it was not envisioned and differed dramatically from what was viewed as the full range of possibilities (Taleb 2007).

This raises questions about entrusting critical decisions to black-box algorithms.

Those with negative experiences were more likely to be Black or African American and to state that digital health tools weren’t designed to address their needs or to align with their cultural background.

Other recent research on inequities from the MIT Sloan School of Management found lower 401(k) contributions among Black and Hispanic workers and single parents, while contributions were higher among white workers, workers with more liquid wealth and those with well-off parents who conceivably could help in a financial pinch.

Among the major worker groups, the unemployment rates for adult men (4.1%), adult women (3.8%), teenagers (13.9%), Whites (3.7%), Blacks (7.5%), Asians (3.6%) and Hispanics (5.3%) showed little or no change in August.