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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. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations.

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Types of Employee Benefits: 12 Benefits HR Should Know

Analytics in HR

Perks serve as incentives or extra rewards that make an employer more appealing to work for. 4 major categories of employee benefits Traditionally, employee benefits included medical insurance, life insurance, retirement plans, and disability insurance. These added incentives boost morale and make employees feel valued.

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4 Different Types of Compensation

ExactHire

Direct These methods of compensation are a direct exchange of pay for work performed and include the four primary compensation types, hourly pay, salary, commissions, and bonuses. Indirect These types of compensation are benefits based and non-monetary, including equity packages, stock options, insurance benefits, and retirement plans.

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Beyond Financial Wellness: Why Every CHRO Needs a Chief Payroll Officer

DailyPay

Beyond Financial Wellness: Why Every CHRO Needs a Chief Payroll Officer. Beyond Financial Wellness: Why Every CHRO Needs a Chief Payroll Officer. Traditional services, like payroll, need to be delivered to meet these changing expectations and create more value for employees and a more loyal and productive workforce.

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