WTW just launched a new AI tool. It is called Rewards AI. This tool helps HR teams manage pay data. You can now chat with your company’s pay information.
This new system gives quick answers about salaries. It uses a smart AI interface. HR staff can ask questions in plain language. Rewards AI pulls data from WTW’s huge database. This means you get insights from global compensation surveys.
It aims to make pay decisions easier. Companies can ensure fair pay. They can also stay competitive. This helps attract and keep good workers. The tool is available now. You can find it on WTW’s Rewards Data Intelligence platform.
Chat with Your Pay Data
WTW’s Rewards AI uses generative AI. Think of it like a smart chatbot. You type your question. The system then gives you direct answers. For example, you might ask, “What is the average salary for a software engineer in New York?” The AI quickly finds this data. It helps HR teams work faster. They can get insights in minutes. Before, this took hours or days.
This new tool combines your company’s data. It also uses WTW’s vast market data. WTW collects pay data from over 25,000 companies. This covers more than 130 countries. That is a lot of information. The AI sifts through it all. It gives you clear reports. This helps you understand pay trends. It also highlights any pay gaps.
HR professionals spend a lot of time on pay analysis. Rewards AI frees up this time. They can focus on strategy instead. They can build better pay plans. This supports their company’s goals. It helps with employee satisfaction too. Happy workers often stay longer.
Smarter Pay Decisions Today
Making smart pay decisions is key for any business. Rewards AI helps with this. It shows if your pay is competitive. Are you paying enough to get the best talent? The tool helps answer this. It looks at your pay structures. It compares them to market rates. This ensures you are not overpaying. It also stops you from underpaying.
The system helps with pay equity. It can identify differences in pay. These could be based on gender or other factors. Companies want to pay fairly. This AI tool gives them data to act on. It helps fix any unfair pay practices. This is good for employees. It is also good for the company’s reputation.
This launch makes complex data simple. HR teams get real-time insights. This helps them react quickly to market changes. For example, if a skill becomes highly valued, pay might rise. The AI helps HR stay on top of these shifts. You can learn more about how AI is changing HR by visiting Forbes’ insights on AI in HR.
- Get answers about pay instantly.
- Use natural language to ask questions.
- Access huge amounts of global pay data.
- Identify pay equity issues quickly.
- Make competitive pay offers.
This new tool from WTW is a big step. It brings advanced AI to HR. It helps companies manage their most important asset: their people. It ensures fair and smart pay practices. This makes businesses stronger. It also creates a better workplace for everyone.
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