article thumbnail

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. Human Resources also refers to the workforce or people employed in an organization.

article thumbnail

California Minimum Wage: What Small Businesses Need To Know

Homebase

In 2016, California approved a statute to increase the minimum wage yearly starting in 2017. This period has now passed and the California minimum wage rate is at $15.50. According to a Zillow study, a person making minimum wage would need 2.7 Simplify payroll What is the California Minimum Wage? Note: While $15.50

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Is Human Resources Important? 8 Top Reasons

Analytics in HR

Knowing why HRM matters requires a holistic approach and learning how it affects your organization’s success and growth. Training and professional development by identifying training needs and designing, implementing, and evaluating the effectiveness of training programs. Contents What is HR?

article thumbnail

Job Evaluation: Your 2024 Guide [+ Free Template]

Analytics in HR

By comparing the responsibilities of each role within your organization, you will learn how to allocate wages fairly to remedy pay discrepancies. The relative worth corresponds to a ranking, which then corresponds to pay scales (called wage grids). Job evaluation is a complex but critical process in achieving pay equity.

article thumbnail

A Complete Guide to Hiring Employees in Hong Kong

Recruiters Lineup

It stipulates that employers must provide a written employment contract to their employees within the first month of employment, highlighting terms such as wages, working hours, and leave entitlements. Wages and Working Hours: The EO addresses the fundamental aspect of employment – wages.

article thumbnail

Types of Compensation: Everything HR Needs to Know

HR Lineup

Direct Compensation: Direct compensation refers to the monetary rewards an employee receives for their work and services. HR professionals play a crucial role in benchmarking salaries against industry standards, ensuring internal equity, and addressing any pay disparities within the organization.

article thumbnail

Compensation Surveys: Are They Necessary?

Astron Solutions

A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey. A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey. You’ll be exploring the following topics: What is a Compensation Survey?