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Organizations with people analytics like Visier in place are in an excellent position to make more equitable and better compensation decisions. Compensation data is tightly guarded and often doesn’t get released to others in the company without approval from the CHRO, CFO, or increasingly, the Chief Diversity Officer.
Did you lose a key employee or department, and the overtime is to compensate for this? Identify the cost savings of retention programs by analyzing the direct and indirect costs of turnover in relation to compensation, absenteeism, productivity, and learning and development. Set your sights on a diverse and inclusive workforce.
Many workers use AI in its most basic form, as analytics; for example, to assess the diversity of their talent poo l. Sabre combined lagging indicators, like compensation ratios and team makeup, with Visier’s predictive analytics to create a scale for high-performing employees at risk of exit.
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