Remove Benchmarking Remove Compensation Remove Data Remove HR Function
article thumbnail

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

Analytics in HR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Example: Annual employee turnover rate.)

article thumbnail

How Bob helps you create a compensation strategy to attract and retain top talent 

Bob

Companies worldwide have made compensation discussions a top priority, due in part to a rising number of countries enacting regulations addressing pay transparency and inequity. Therefore, companies must have access to up-to-date compensation data for reporting purposes and a strategy in place that ensures fair pay without bias.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Report: HR Trends 2024 – Navigating the Future of Work

Extensis

AI-powered HR tools can help organizations make decisions and manage their workforces more effectively. These technologies can also help HR functions become more efficient, equitable, and data-driven. Take, for instance, the role AI plays in recruiting.

article thumbnail

13 HR Analytics Courses Online To Check Out in 2024

Analytics in HR

Getting started with HR analytics – also called People Analytics – is a big step for many HR professionals and organizations, and an important one, too. Formal training, such as an HR analytics course, can help you build analytical skills that you need to play a more significant and strategic role within HR.

article thumbnail

Are HR Departments A Requirement For Small Businesses?

Genesis HR Solutions

But for a successful small business, an HR function is required. In this article, we explain why you need an HR function for your business, no matter the size, but also what it means to have an HR function. Do we need an HR department—or something else? Salary benchmarking. W-2 processing.

article thumbnail

What Is Human Resources?

Analytics in HR

As a function, HR covers the processes, practices, and strategies to attract, develop, and retain employees who contribute to the company’s overall success. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations.

article thumbnail

What to do if your HCM can’t handle your compensation process

Decusoft

Human Capital Management (HCM) systems are designed to manage a wide range of HR functions, including payroll, benefits, time and attendance, and performance management. However, compensation management can be a complex and challenging process that may not be fully supported by some HCM systems.