Total rewards reinvented: Harnessing the potential of GenAI
While organisations have been exploring how AI can support their productivity and growth across many functions, one area that has been taking a more cautious approach is the Total Rewards function. With a variety of confidential data about employees managed by this team, there is an understandable hesitance to jump in too quickly. But there is also a risk of not being at the table to help shape how AI will be used in the HR function.
In this episode, Gord Frost and Sean MacHale share how early adopters are beginning to bring AI into the Total Rewards function. They share areas with lower risk where teams may be able to dip their toes into GenAI. They encourage teams to start taking actions now to ensure total rewards data is clean and organised so they are ready to implement and benefit from AI.
Interesting moments:
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Clean data is the foundation
Organisations need to have the right data organised very well. Otherwise AI implementations are not going to work. That's really the baseline need for successful AI - bad data in equals bad AI. -
Bridge the AI knowledge gap
There may be a gap of AI and technology expertise on Total Rewards teams. But others in the organisation are well versed in AI and know how to use data. Bring them in to help. -
Lower risk opportunities
There are lower risk areas that Total Rewards teams can start with. GenAI can help to write, review or streamline comp and benefits policies. It can support creating consistent job descriptions and job architectures. -
AI and employee experience
The goal of a more tailored employee experience is more personalisation. A more optimal spend of company dollars is a real possibility, but you need to start getting the foundations in place right now.
More episodes in this series
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Future of workFebruary 28, 2025 | 55 | 33:56Hear from Anglo American about the importance of talent agility and continuous learning in response to rapid changes in the workforce and technology.
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Bridging the gap: C-Suite and HR priorities for success in 2025
January 22, 2025 | 54 | 44:29In this episode, we share a preview of the results from both Mercer’s 2024-2025 Global Talent Trends survey report and 2025 Executive Outlook survey. -
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A microscope on total rewards: Trends for 2025
December 12, 2024 | 53 | 27:422025 is a year of action for rewards professionals who need to address pay gaps, align compensation philosophy, and prepare for legislative changes. -
The realities of HRs role in AI with Susan Youngblood
November 25, 2024 | 52 | 29:43AI is changing fast, and HR is looking for practical steps forward. Listen for idea about reskilling, evolving HR roles, and finding deep ROI from AI. -
Balancing AI value and risk with Jason Tamara Widjaja
October 28, 2024 | 51 | 39:16GenAI is evolving quickly, listen as we discuss the value and risk of AI, and having cross-functional team governing emerging risks. -
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AI and productivity: People at the centre of sustainable change
May 20, 2024 | 46 | 33:31Are we positioned to access the full potential of AI-driven productivity gains when 82% of employees feel at risk of burnout?
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