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

Analytics in HR

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. With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards.

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Compensation Package: A Guide For HR (+ Free Template)

Analytics in HR

In this article, we’ll look at what makes total compensation packages appealing, provide examples, and outline steps for developing a competitive compensation strategy. It includes health insurance, retirement schemes, vacation days, bonuses, equity shares, and additional benefits such as flexible work schedules or educational stipends.

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A Complete Guide to Hiring Employees in Hong Kong

Recruiters Lineup

Salaries are often negotiated based on the cost of living in the city, and factors such as housing allowances and bonuses are common components of packages. Understanding the local salary benchmarks for your role and industry is crucial for effective negotiation. This ensures that employees have a financial cushion when they retire.

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How Your Enterprise Benefits From a Total Rewards Strategy

Semos Cloud

The compensation also includes various bonuses for an employee’s salary. Some examples of bonuses are: Stock options. Ideally, the compensation will provide a powerful monetary incentive for the employee, but it’s not the most critical aspect of the total rewards strategy. Retirement plans. End-of-the-year bonus.

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Offer Letter Template and Guide for HR [Free Download]

Analytics in HR

Jump to the download button for your free simple job offer letter template , or free internship job offer letter template in the article. Therefore, at any point, the employee or employer can change their minds without legal repercussions if there is an ‘at will’ clause, which we describe further down in this article.

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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

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Compensation Issues: 6 Problems to Control

Zenefits

In this article, we’ll cover 6 of the top compensation issues that HR leaders often face when navigating the compensation strategy for new and current employees. Retirement benefits. Short-term and long-term incentives (e.g. The Bureau of Labor Statistics (BLS) reported on Dec. 2, 2022, that average hourly earnings were up 5.1%