Resources on HR Trends & Analytics

Fair compensation and pay transparency are effective recruitment tools. But when salaries for new hires are competitive, how can you make sure current employees don’t feel undervalued? This article explains how to balance recruitment and retention using fair pay practices.

In a recent blog post for the German HR magazine Trend Report, PayAnalytics Co-founder Margrét Bjarnadóttir explained how important it is to recognize the limitation of AI-based HR tools when making important decisions about hiring, compensation, promotions, and training opportunities. Even when workplaces do strive for equity, their data can still reflect historical biases and discriminate on the basis of ethnicity, gender, and class. Hence, to improve pay equity, companies need to find the right tools, identify where there are potential biases, and take the necessary steps to eliminate those biases.