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Performance Management Tools: The Ultimate Guide

Primalogik

Performance management tools have become essential to HR operations. Not only do they assist the HR department; they also help managers throughout the organization to guide their teams to success. Consider that only 2% of companies feel they have a great approach to performance management.

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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. Human Resources also refers to the workforce or people employed in an organization.

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Building An HR Department: A Step-By-Step Guide

HR Tech Girl

Without these professionals fostering and handling employee retention, succession planning and hiring skilled talent would be challenging. When doing that, consider the following: Employee hourly wage and salary Employee retirement saving Health insurance Employee well-being fund Paid time off Employee raises and bonuses.

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List of A-Z Human Resource (HR) Jargons

HR Lineup

Human Resource (HR) professionals play a crucial role in managing an organization’s most valuable asset—its people. From recruitment and performance management to training and labor relations, HR jargons are used to describe various processes, functions, and concepts within the realm of human resources.

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The 9 Box Grid: A Practitioner’s Guide

Analytics in HR

The 9 box grid is a well-known tool for talent management and succession planning. In this practitioner’s guide, we will explain each box in the 9 box grid, talent management action steps per category, and how this framework can be used in Excel for advanced reporting. They score high in potential but low in performance.

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What Is a Retention Bonus? (How to Use It Correctly in 2024)

Terryberry

However, it's not about just throwing more money at your workforce and expecting them to stay—you'll need to be strategic with your retention bonuses to implement them effectively. It differs from other forms of bonuses, such as a sign-on bonus or performance-based bonus. That's where a retention bonus can come in handy.

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7 Tips for Embracing the 80/20 Rule With Employee Talent

ExactHire

This isn’t a new concept and has historically aligned with forced ranking performance management systems that assigned numerical ratings to employees grouped into three basic buckets–below average, average, and above average. Taming the Long Tail of Performance. But remember, not everyone is motivated by pay.