Ep 83 - Is algorithmic pay the future?
Comp and Coffee
Algorithmic Pay
The term algorithmic pay on its own doesn't mean it isn't fair. It just means that you're combining these different features in some mathematical way to end up with a pay range. We think that if you can use one algorithm to describe how everybody within the company is paid and how those decisions are made that you're being more fair overall. So we consider those algorithms and that transparent explainable compensation strategy to be a best practice.
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