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Employee compensation – what you need to know and why

Workable

Although a mountain of money always holds great appeal, a fair balance of cash plus life-improving benefits is a sustainable way for organizations to stay competitive when it comes to recruiting and retention. Some organizations use a combination of benchmarking and pay grades to establish compensation structures.

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Bad HR Can Cost You Billions, Just Ask Apple (How ignored HR process vulnerabilities can lead to business catastrophes)

Dr. John Sullivan

Retention and recruiting were factors in the downfall of Apple’s $10 billion EV car project! The third failure cause was “rampant turnover,” which was unambiguously caused by HR’s flawed retention process What Is Bad HR And Why Should We Pay Attention To It? recruiting, retention, development, productivity, etc.).

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Pay transparency: the pros, the cons, and best practices

Workable

Outcome transparency involves disclosing the actual compensation figures, such as specific salary ranges or benchmarks for different roles and levels within the organization, allowing employees and candidates to see where their pay stands relative to those benchmarks. Arguments against pay transparency OK, it’s not all roses and cream.

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Create exit interview reports in minutes using ChatGPT

Workable

Did you know that ChatGPT can be a very helpful tool in your quest for better retention rates and the improvement of corporate culture? Exit interviews play a crucial role in gaining valuable insights into employee turnover, helping organizations improve their retention strategies and foster a positive workplace culture.

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The 7 best HR analytics software options for today’s workforce

Business Management Daily

After doing a little digging, you discover that most of your turnover occurs during the first 3 months of employment, so you need to take an in-depth look at your onboarding process. They’ll also provide actionable insights into your employee experience, engagement levels, retention rates, onboarding, recruitment, and employee performance.

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58+ real-life interview questions for HR roles with sample answers

Workable

Sample answer: “In a previous role, I recognized high turnover rates were affecting our business continuity and productivity. I enacted an HR plan that focused on employee engagement and retention. This included regular feedback sessions, career development programs, and a revamped onboarding process. “As

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What is human capital management – and how do you strategize it?

Workable

Find out with Workable, the world's leading ATS. Organizations should aim to provide competitive and fair compensation packages that align with industry benchmarks and reflect the value of each employee’s contributions. Try our ATS 2. Compensation and benefits play a vital role in HCM, as they help attract and retain top talent.