article thumbnail

Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. It allows companies to review their employees’ current salaries and benefits and compare them with market rates to determine whether they are fair. . What Is a Compensation Analysis? A few include: External Businesses in Similar Industries.

article thumbnail

Workforce Analysis: HR’s Introduction and Guide

Analytics in HR

Conducting a workforce analysis helps you do just that. Contents What is workforce analysis? Why should you conduct a workforce analysis? How to conduct a workforce analysis. What is workforce analysis? You can carry out several different types of analysis, including: Supply analysis. Demand analysis.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Guide to Compensation Analysis

Analytics in HR

Compensation analysis is vital to providing fair, equitable compensation. A thorough compensation analysis provides the data and insights for critical decisions as it relates to salaries and total benefits for employees. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

article thumbnail

Why Cohort Analysis is Key to Effective D&I Programs

Visier

This time-based cohort analysis is a critical feature for people analytics teams using Visier, as it opens up many powerful pieces of insights about your people, such as comparing the revenue results for salespeople who did and did not take training 12 months ago (something that L&D leaders have wanted to know for years!)

Analysis 422
article thumbnail

Unlocking compensation benchmarking: Getting started for success

Insperity

How do you know the competitive salary range for each position at your company? The answer: Compensation benchmarking. What is compensation benchmarking? Against this backdrop, companies should pay employees fairly and competitively so they feel supported and valued in their workplace.

article thumbnail

Top 15 Tips to Track Payroll Metrics

HR Lineup

These KPIs will serve as benchmarks for measuring the effectiveness and efficiency of your payroll processes. Additionally, automation can save time and resources, allowing payroll professionals to focus on more strategic tasks such as data analysis and reporting.

Metrics 52
article thumbnail

What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Types of HR analytics Different data analysis methods provide insight and identify trends within data. HR analytics in recruitment at Google Multinational technology company Google embraced predictive analytics in its recruitment efforts to reduce costs and shorten the hiring process. With this insight, E.ON