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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

Credit where it’s due: I read the Starr Conspiracy’s work on a weekly basis and respect their analysis of the market. Read our analysis of the early announcement here. If you want to get up to speed, sign up for their newsletter here. I follow the team at HRTech.in–Sriram and team do fantastic work. Then SumTotal.

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Visit us at #HRTechConf

Compensation Today

As a company that uses billions of data points to help companies get compensation right, PayScale is no newcomer to big data. While predictive analytics aren’t wholly new for company budgeting, forecasting products, or sales metrics, it is a relative newcomer to HR analysis. Some big topics are on the slate for HR Tech this year.

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Tech is changing the game for compensation managers

HR Brew

Payscale has seen increased demand for its products specifically in response to pay transparency laws, said Ruth Thomas, the company’s chief evangelist and pay equity strategist. The software Payscale allows employers to access a range of market data in order to determine a competitive pay range for the jobs they advertise.

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Human Resources Director: Job Description, Skills & Salary

Analytics in HR

Payscale estimates that the average HR Director salary in the United States is around $179,000 annually, while Glassdoor states the average total pay is around $171,000 yearly. Analytical skills: Thorough analysis of HR data to evaluate the effectiveness of HR processes, determine areas to improve, and make data-driven HR decisions.

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Talent Acquisition

Analytics in HR

An internal skills gap analysis can help determine what needs to be developed the most. Organizational needs analysis The organizational needs analysis is the foundation of your recruitment strategy and selection choices. The return on investment (ROI) of selection can be calculated through a utility analysis.

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Chief Talent Officer: Everything To Know About This Role

Analytics in HR

Meanwhile, on Payscale , the average annual salary of chief talent officers in Chicago is $185,850, while their New York HR specialist colleagues receive $207,009 annually. The average pay also varies based on location. How to become a chief talent officer 1.

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What Is Human Resources?

Analytics in HR

Meanwhile, PayScale reports the average annual salary of HR Generalists to be $73,207 in New York and $61,899 in Dallas, Texas. Payscale states that the yearly salary of an HR Business Partner in Chicago is $83,135 , while their New York counterparts receive $95,536 per year. The average income also depends on location.