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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations.

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Compensation Hot Topics

Affinity HR Group

In a recent Compensation Best Practices Report published by Payscale, a majority of employers reported compensation as their biggest challenge – a bigger challenge than either recruitment or retention. That means the total compensation for an employee making $100,000 would be $130,000 – $135,000. That can certainly cause problems.

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3 Practical Tips to Prepare for Salary Planning

HRsoft

Salary planning typically requires an extensive investment of time and effort for compensation professionals. To help you navigate the process successfully, we’ve compiled a set of practical tips you can use for your next planning cycle. The post 3 Practical Tips to Prepare for Salary Planning appeared first on HRsoft.

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What COVID means to compensation

HRExecutive

With 100% remote work and no plans for now to return the entire workforce to full-time office-based employment, many Workday employees are looking at moving from expensive or tax-heavy locations to less costly ones. Related: Will other employers follow Google’s latest remote plan? Ben Carter. Another puzzle? Advertisement.

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Compensation and Benefits

Analytics in HR

Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Different countries place more focus on different types of benefits. Some benefits are exempt from taxation. This money is subject to taxation.

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Total Reward Statements—Show Employees You’re Invested in Them

HR Daily Advisor

Need to revisit your compensation plans for 2015 but don’t know where to start? Help is available in the free white paper from PayScale, Attack of the Out-of-Date Comp Plan. Total reward statements: Are personalized statements listing everything that comes from the organization to the individual employee.

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Top 15 Compensation Management Tools in 2021

Vantage Circle

Companies consider several factors when deciding on a compensation planning tool. In layman’s terms, compensation management software allows an organization to plan and administer employee compensation packages in an organized manner. Payscale Marketpay. Compensation Plan Modeling. Table of Contents.