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

Analytics in HR

HR analytics allows HR professionals to make informed decisions and create strategies that will benefit employees and support organizational goals. In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. Contents What is HR analytics?

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How To Attract and Retain Talent Through Salary Benchmarking

HR Shelf

This is where salary benchmarking comes in, enabling businesses to gauge their own salaries and benefits against competitors within their industry and across the broader market. However, first of all we need to know how salary benchmarking works ? How does salary benchmarking work? Why is salary benchmarking important?

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Compensation Analyst: All You Need to Know About the Role

Analytics in HR

It includes determining new employees’ remuneration and regularly reviewing all employee’s compensation packages (base pay, incentives, bonuses, commissions, and stock options) to ensure they are fair and within the employer’s capacity. Another option is to get a People Analytics certification.

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Rewarding Black Friday Workers to Boost Employee Morale in 2023

Empuls

  The role of digital rewards in enhancing employee satisfaction: Digital rewards, encompassing a range of incentives delivered through online platforms, emerge as a powerful tool for organizations seeking to boost employee morale, especially during demanding periods like Black Friday.

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Introduction to Goal Management Systems: What Are OKRs?

Reflektive

Key results should contain measurable benchmarks so that it is easy to quantify whether or not they have been achieved during the OKR quarterly review. Calculating and choosing the correct metrics to optimize for varies by business and should be carefully and thoughtfully set to avoid unintended consequences and skewed incentives.

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How To Calculate and Increase Your Offer Acceptance Rate

Analytics in HR

It shows that the company is able to offer competitive compensation, benefits, and other incentives that attract top talent. According to SHRM’s Talent Acquisition Benchmarking Report , a high offer acceptance rate in recruiting is generally considered to be around 90% or higher.

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Pay Transparency: Experts Weigh in on What HR Can Do

Analytics in HR

To maintain this trust, regular benchmarking activities are conducted in a structured, data-driven way. Of course, there will always be cons to every policy or strategy. It’s a great incentive for career progression within the organization, giving employees something to strive for. Benchmark internally as well as externally.