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Compensation Package: A Guide For HR (+ Free Template)

Analytics in HR

It includes health insurance, retirement schemes, vacation days, bonuses, equity shares, and additional benefits such as flexible work schedules or educational stipends. Performance bonuses: Bonuses tied to performance metrics incentivize and reward high achievers. This is more than an employee’s monthly salary.

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How to Use Digital Rewards to Redefine Recognition in 2023

Xoxoday

Simply put, digital rewards are incentives offered in a digital form. 68% of consumers prefer gift cards as incentives over coupons and other rewards. Companies using non-commission sales incentives, such as gift cards, increased revenue by 32%. Gone are the days of one-size-fits-all bonuses. What are digital rewards?

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

Is overtime being used as an incentive or bonus without strategic oversight? Some time and attendance software also provides reporting features so that you have instant insight into your workforce metrics, allowing you to make more proactive (cost-saving) decisions. Root causes of unplanned overtime. Do you need to hire more employees?

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Outsmart Unplanned (and Costly) Employee Overtime

Insperity

Is overtime being used as an incentive or bonus without strategic oversight? Some time and attendance software also provides reporting features so that you have instant insight into your workforce metrics, allowing you to make more proactive (cost-saving) decisions. Root causes of unplanned overtime. Do you need to hire more employees?

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24 metrics your C-suite expects your human resource management software to report on

cipHR

But among hundreds, if not thousands, of people metrics, what should your HR systems report on? Here are 24 metrics we typically see C-suites asking for most. Let’s explore the metrics we often see C-suites asking HR teams for – first the fundamentals, then more sophisticated reports that power advanced modelling and forecasting.

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Understanding the Gender Pay Gap: The Importance of Gender Pay Equity

UKG

Not only is addressing gender pay equity the right thing to do, but doing so can help your company stay in compliance with city, state, and federal laws to avoid risk. Track and measure metrics that relate to your business’s goals and performance indicators. If you’d like to save a copy of our post, download here.

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The recruitment process: 10 things you need to master to succeed

Workable

Reporting, Compliance & Security – be compliant throughout the recruitment process. Download our free sourcing guide or read a shorter online version in this tutorial on how to source passive candidates. In this case, a referral bonus could work as an incentive. Hiring Team Collaboration – optimize your team effort.