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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. Our List of Best Compensation Tools in 2021.

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Job Evaluation: Your 2024 Guide [+ Free Template]

Analytics in HR

Job evaluation is the systematic process of using internal and external data to determine the relative value that specific jobs bring to an organization. This ensures that compensation is commensurate with the worth of individual roles and that each has appropriate entry and performance requirements. based organizations.

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12 Organizational Health Metrics HR Should Know

Analytics in HR

In addition, Mckinsey found that between 2003 and 2011, healthy companies generated returns to shareholders that were three times higher than unhealthy companies. But today, we are fortunate to have data and metrics to find patterns and trends and make evidence-based judgments and decisions. Benchmark data will help with this.

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Curbing Employee Turnover Contagion in the Workplace

Visier

The deadly 2002-2003 SARS outbreak remained an epidemiological mystery for over a decade. Instead, HR can take a more data-driven approach to pinpoint the problem, predict risk of exit for individuals, and plan for the most vulnerable situations. Otherwise, examining project team data can be of benefit.

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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. It asks how we can look like everyone else.

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19 Recruiting Metrics You Should Know About

Analytics in HR

Recruiting metrics are an essential part of a data-driven hiring and recruitment analytics. Whether you’re starting off by measuring recruiting data or fine-tuning your recruiting metrics, this list will give you a great overview. Time to hire by industry benchmark. A low rate is indicative of potential compensation problems.

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23 Recruiting Metrics You Should Know

Analytics in HR

Recruiting metrics are an essential part of data-driven hiring and recruitment. Additionally, recruiting metrics provide you with data that will allow you to make improvements to your recruitment process. For example, the data might show you that there is a long time between resume screening and the phone interview.