Compensation and rewards management is a
mission-critical part of any organization, and it should be managed
strategically. This study explores the importance of strategic compensation
through virtuous pay cycles while assessing graduate students’ performance
based on gender. A quantitative analysis of test scores from 104 graduate
students, in the South Florida region of the United States of America, revealed
no adverse impact in the learning achievement of male and female students but
the study found a significantly higher performance in total course outcomes.
The paper emphasizes that strategic, virtuous
and equitable compensation plays a critical role in closing the gender pay gap,
while attracting and retaining a talented, productive, and happier workforce
through innovation and proper use of modern artificial intelligence
technologies. Suggestions for equitable compensation, benefits, and rewards for
today’s workforce are provided.
