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5 Best Compensation Planning and Analysis Tools in 2021

HR Lineup

Compensation in HRM, especially planning and analysis, is a crucial procedure that should be handled effectively to determine every employee’s compensation. With this compensation strategy, it is easier to structure performance-based benefits as well as streamline payment adjustments.

19 Recruiting Metrics You Should Know About

Analytics in HR

Recruiting metrics are an essential part of a data-driven hiring and recruitment analytics. Time to hire by industry benchmark. To calculate the utility of these tools, take a look at this article by Stuurman (2003) on the ROI of selection tools. A low rate is indicative of potential compensation problems. A simple way to do this is by using Google Analytics to track where the people who viewed the job opening on your website actually came from.

Part I - Malaise in the Employee Rewards: What’s Going On?

Compensation Cafe

Sales compensation has always been a different beast: it has different buyers and economic cycles than employee rewards, and sales incentives constantly evolve to meet new business needs. I think the prime culprit is practitioner obsession with benchmarking as the key to rewards design. Benchmarking is the antimatter of strategic thinking. Far too few rewards professionals are able to discard the crutch of benchmark thinking. .