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The Compehensive Dictionary of HR Terms To Know [In 2024]

Analytics in HR

Just like HR acronyms and abbreviations , knowing how to employ HR terms is an integral part of working in human resources. Learn more What Is Human Resources? Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range.

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10 vital HR metrics to track for your business

Business Management Daily

She is a former HR professional, which means she knows first-hand how critical it is to have a deeper understanding of HR analytics. The HR Specialist spoke to Dr. Rigolizzo about what HR professionals need to know about this vital tool. Why HR needs data analytics Why is data analytics crucial to HR’s role in the organization?

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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

Professional services firms face a delicate balancing act in determining how to best staff a client project. By comparing different resource cost scenarios over the life of a project, and taking salary increases and turnover into account, firms can determine how best to staff projects that yield solid customer satisfaction at an optimal cost.

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Learn a new word: Positive Predictive Value

Steve Boese

The most common applications of predictive tech in HR have been to assess and rank candidates for a given job opening, to estimate an individual employee's flight risk, and to attempt to identify those employees with high potential or are likely to become high performers. But the opposite, of course is also true.

COMPAS 68
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5 Compensation Analytics to Track That Answer Your Big Comp Questions

Compensation Today

For each type of analytic, you can dig deeper to really start pinpointing issues in your organization, ideally before they become a problem. Note: This assumes you know what pay ranges are, and have developed them for your organization. Usage: Market-ratios answer the question “How are we paying relative to the market?”.

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7 Compensation Issues and How to Fix Them

Analytics in HR

So how do you identify and fix compensation issues? Let’s first discuss possible compensation problems you might find in your organization. How employees perceive the levels of internal and external equity is essential. How each team member decides whether their salary and benefits are fair varies from person to person.

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Making Your First Hires: 7 Steps Every Startup Should Follow

Linkedin Talent Blog

And one of the biggest challenges any start up company faces right from the “giddy up” is hiring. To help, I’ve put together a list of how you can plan for, interview, and hire your first recruits based on my experience starting my own company–and helping many others grow their own. Think about hiring holistically.

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