Remove Blog Remove Compensation Remove Metrics Remove Wage and Hour Training
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 is both a function and a department within an organization.

article thumbnail

Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans. What Are The Benefits of Compensation Analysis ?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Total rewards.

article thumbnail

Taking care of customers by taking care of employees, Part 2

Steve Boese

Check this excerpt from a recent Fortune piece - McDonald's Says its Wage Hikes Are Improving Service : The hamburger chain in April announced it would raise the average hourly rate for workers at the U.S. starting July 2015, with average wages climbing above $10 per hour by the end of 2016. restaurants it owns to $9.90

article thumbnail

Sales Manager Compensation Plan

Decusoft

Sales managers play a unique role in your business and need compensation strategies tailored to their specific skills and abilities. What Is a Sales Compensation Plan? There are two primary components of a compensation plan for sales teams. These include fixed base pay and discretionary incentive compensation.

article thumbnail

Confronting the Pay Equity Gap: Identifying and Resolving Issues of Unequal Pay

Decusoft

But when there’s a bias or even discrimination in compensation practices, there’s a disruption of the talent pool that can lead to disengagement, lower productivity and financial losses. Pay equity is the idea that employees will be compensated at the same level when they perform the same or similar jobs. Women earn $0.69 The Causes

article thumbnail

How to Scale Your Remote Workforce Payroll for Growth and Success

Ongig

It all begins with centralizing your hiring protocols with recruitment CRM software that provides you with all the necessary insights, metrics tracking, and candidate nurturing options. Templates save hours of your time while allowing you to keep each transaction transparent and your books in order. The same goes for payroll!