Remove Analysis Remove COMPAS Remove Productivity Remove Retention and Turnover
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10 vital HR metrics to track for your business

Business Management Daily

As organizations become more complex, data helps clarify the picture of what’s going on as it relates to employee engagement and retention. Robust data collection and analysis helps companies see if a particular change impacts employee morale, for example. There are many ways to use it down to where recruitment dollars should go.

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Compensation Metrics for Evaluating Your Plan’s Success

Zenefits

A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Compensation analysis is necessary to: Ensure every employee is paid fairly. Manage compensation to improve employee retention. For example, the U.S.

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Compensation and Benefits

Analytics in HR

HR uses compensation to attract top talent and boost retention rates. This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions.

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What is People Analytics and How Do I Get Started?

Visier

People analytics empower organizations to leverage data to optimize employee experience, create the best possible organization structure and maximize productivity. It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%.

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Are Your Compensation Policies Helping or Hurting You?

Visier

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. .

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AI 101: What is Artificial Intelligence and What Does It Mean for HR?

Visier

As mentioned above, automating processes and insight generation are the main ways that we can use AI to work more efficiently, productively, and accurately. More complex AI might move towards using data to make predictions, for example around employee turnover rates and risk of exit. Build better career experiences.