Rethinking Total Rewards for the Future!!!
The future of total rewards is shaping up to be dramatically different from its current look and function. Artificial intelligence, workforce analytics, agile organizations, employee experience and more are just some of the changes in store. Artificial Intelligence - The interconnection of artificial intelligence (AI) and compensation marks a new age in total rewards theory. Machine-powered analytics can provide greater insight into the challenges of job matching and talent selection, which could lead to significantly improved recommendations and higher performance. Soon, AI will lead to "job descriptions that write themselves”. Survey-based data may not be replaced, however, we might be seeing real-time peer data which will help in better and faster pay decisions. Agile organization - Organizations are becoming more agile and flexible. Within a constantly evolving business climate, it is crucial for an organization to move quickly and effectively. With the