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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. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

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

Zalaris

Improving transparency and equity “ Based on Payscale’s 2022 Compensation Best Practices Report, 66% of organisations say pay equity analysis is a planned initiative ” The true war for top talent is being waged here, which is why leading organisations are embracing a total compensation management approach.

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How the Right Referral Program Can Get Candidates to ‘Yes’

Linkedin Talent Blog

For recruiters, one of the many frustrations of the tight job market has been the high number of candidates who turn down offers. John Vlastelica , CEO of the Recruiting Toolbox , early this year said he’s seen job acceptance rates at some organizations plunge from 90% to 40%. Enter employee referral programs.

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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!

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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. He explains that the pandemic has forced employers like Workday to change compensation quickly and at scale, relying on tools such as hardship pay, one-time bonuses, severance packages and salary reductions.

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How To Attract and Retain Talent Through Salary Benchmarking

HR Shelf

If their salaries fall significantly below market rates, this could mean high turnover rates (and replacing an employee may cost the equivalent of up to 9 months of their annual salary), while making it increasingly difficult to recruit skilled, qualified candidates.