Determining salaries is one of the most critical pieces to attracting and retaining talent, and technology may have the potential to improve the decision process significantly for benefit managers and employees.
Over 70% of U.S. companies use AI in some capacity, including compensation decision making, according to business networking platform Connex Partners. While benefit managers may feel uncomfortable relying on automation for something as complex and sensitive as deciding salaries, it has the potential to drastically improve the process for them, as well as current and prospective employees.
