Business Management Daily
JANUARY 20, 2023
Rigolizzo about what HR professionals need to know about this vital tool. Dr. Rigolizzo: Particularly within HR, data analytics is essential and not something HR has traditionally used as a key tool, but the use of data to make decisions is becoming commonplace, and therefore HR data analytics careers are in high demand.
Visier
OCTOBER 6, 2021
Visier runs pay equity analysis that help you assess your compensation baselines in a matter of minutes. For example, you can start by comparing groups in the same department, role, and/or location. If you find some groups have a lower than average compa-ratio, it’s likely that pay decisions aren’t being made equitably.
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Visier
DECEMBER 1, 2020
In addition to boosting employee retention, this can also support a strategy of hiring from within the organization instead of competing on the open market for talent. “?An Companies now have to rethink their workforce and hiring strategies and instead invest in upskilling their workforce,” she states. Step 4: Measure progress.
Acendre
FEBRUARY 27, 2023
For example, if first year turnover is an area of concern, the scorecard can be used to track investments such as retention programs, employee surveys, and training sessions to monitor if these investments are making a difference. For example, let’s take a look at the metric, Compa Ratio. This is a common metric to assess pay.
Visier
AUGUST 21, 2018
In these cases, the client may be able to perform the work itself, but hires the firm because it can perform the service more efficiently. To inform this assumption, you can look at past compensation data and assess compensation changes for junior and senior staff in similar roles in the past.
Steve Boese
JUNE 15, 2017
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.
SumTotal
NOVEMBER 14, 2019
For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”. Technology has a part to play also.
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