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In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.
Recruitment #5. Training & Development #7. 3 – Productivity Indicators Absenteeism: Absence Rate: the total number of work hours lost to absenteeism compared to the total number of available work hours. Without further ado, here is your list of 100 HR metrics and KPIs. Demographic #2. Productivity #4.
For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. Overall compensation is the top factor that job seekers consider when accepting a new job.
If there is a clear difference in scale or compa ratios, then it is clear there is a bias. As part of my series about “the five things we need to do to close the gender wage gap” I had the pleasure of interviewing John Schwarz. Today, my firm is developing analytics to keep tabs on employees?—?but
It relates to ensuring technology based recruiting, screening and hiring procedures like artificial intelligence (AI) do not create barriers to equal employment opportunity. Expanding OFCCP compliance is part of a wider shift to drive pay equity at the federal level. Changes to the scheduling letter are far-reaching.
Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets. How to get more out of your compensation management efforts?
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