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For organizations seeking to reduce bias in a skills-based pay structure, the experts interviewed for this article shared AI tools can generate value by: ;Helping to identify, define, assess and reward skills most important to your organization.; ;Walking a total rewards (TR) professional through different variables to land on personalized suggestions regarding pay decisions based on a specific employee’s skills, once a tool has been trained with employer-specific data and guidelines.; ;Combing through your organization’s compensation data to determine if employees across various divisions and demographics are truly being paid consistently for comparable skills, and identify patterns or disparities indicating potential bias.; ;Helping drive compensation decisions based on real-time benchmarking data related to skills.; “By having more timely and robust access to external market data, rewards teams will be able to react quickly to changes in the market for talent by directing salary

They have to actually create and execute an infrastructure to achieve desired change.

., professor of management and vice dean for the MBA for Executives Program at The Wharton School, University of Pennsylvania.

David Glasgow, Executive Director, Meltzer Center for Diversity, Inclusion and Belonging, NYU , Workspan Magazine article; For Everyone ;Visibly Supporting LGBTQ+ Workforce Can Be Powerful Recruiting Tool , Workspan Daily article; ;Build an Inclusive Workplace for LGBTQ Employees, Workpan Daily article; ;Creating Equity for Your LGBTQ+ Workforce: A Q&A with a Corporate VP , Workspan Daily article; ;What Employers Can Do About the LGBTQ+ Pay Gap , Workspan Daily article; ;Address Mental Health Disparities in Your Workplace , Workspan Daily article; NEW!

For WorldatWork Members 2024-2025 Salary Budget Survey , research;Mini-Study: Navigating the Living Wage Journey , research;Compensation Programs & Practices , research;Guidance on How to Avoid Common FLSA Classification Errors , Workspan Daily Plus+ article;FLSA Implementation Toolkit , tool; NEW!

President Trump has said he may soon sign an executive order that would permit federal agencies to explore the use of private-equity and private-capital investments in 401(k) plans.

In addition to resulting in slower and poorer decision making, this constant pull on executives’ mental resources can detract from their ability to focus on critical strategic priorities — all of which can be costly to the organization.

Among other things, the directive gives employees access to information to both individual and average compensation details in their job category to see whether they’re being treated fairly compared to employees in the same company.

For WorldatWork Members ;Total Rewards Inventory of Programs and Practices , research;Best Practices for Paying Remote Workers: Choose Your Compensation Strategy , Workspan Magazine article;How to Increase Engagement Among Remote Workers , Workspan Daily Plus+ article;Best Practices for Supporting the Parental Leave Transition , Journal of Total Rewards article ; For Everyone ;Effectively Communicate the Total Value of Remote Work , Workspan Daily article;As RTO Mandates Spike, Hybrid Work Is Best Option for Employee Loyalty , Workspan Daily article;Hybrid Work and Flexibility: Return-to-Office in 2024 , Workspan Daily article ; ; NEW!