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What Is Human Resources?

Analytics in HR

Through workforce planning, talent management, succession planning, and applying other HR best practices , HR professionals ensure that the organization has the required talent to keep operating and meet its long-term goals. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations.

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Compensation Planning in 7 Actionable Steps

Analytics in HR

Thorough compensation planning allows your organization to create compensation systems that reward employees fairly and support business goals. What exactly is compensation planning, what are its objectives, and how do you go about compensation planning in practice? Contents What is compensation planning in HR?

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The Power of Total Compensation Management in the Changing World of Work

Zalaris

This assessment is in addition to the already existing expenses like hiring, onboarding, and training as well as lost productivity from vacant jobs because of changing circumstances. Pay parity and benefit parity are guaranteed by well-managed compensation plans throughout the whole company. Why do you need compensation strategies?

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Another New Year- Time to Think About Bonuses

Affinity HR Group

With 2019 over and at the dawn of a new decade, it’s an ideal time to think about bonuses for 2020. Over 60% of respondents in a 2016 World at Work survey reported using some type of bonus or variable pay program, as did 73% of respondents in a more recent 2019 Payscale survey. Discretionary Bonuses. Non-Discretionary Bonuses.

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What COVID means to compensation

HRExecutive

The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. With 100% remote work and no plans for now to return the entire workforce to full-time office-based employment, many Workday employees are looking at moving from expensive or tax-heavy locations to less costly ones.

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A Guide to Payscale Philosophy and Strategy With People Operations

Zenefits

In addition, as a rising number of organizations adopt remote work, there is an increased need for clear communication regarding salary negotiation, benefits packages, and incentives. Creating a compensation philosophy that aligns with your company strategy is one way to strengthen hiring and retention.

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PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Even the most seasoned HR professional might take a big gulp if approached by their CEO to take charge of anything comp. PayScale has you covered in our new, 4-part Comp Glossary. Today’s Lesson: A Little Comp 101 Consider the comp pros at PayScale to be an extension of your team!