article thumbnail

Strategy Not Part of Your Rep? Here's How to Change Their Minds

Compensation Cafe

A fruitful, but not typically strategic, exercise. In comparison, strategic insights occur when you put your compensation practices and philosophy in a new light, where the illumination falls on the challenges your company will face tomorrow. Use the analytic exercise described above as a "learning experience."

article thumbnail

How Employee Benefits Help Companies Succeed

Hppy

That’s because it shows that the company is not only willing to allocate funds towards the well-being of its staff, but also that they went through the trouble of checking an insurance price comparison site and dealing with all the paperwork and red tape involved in setting all of this up. 2 – Benefits and employee retention.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups. This comparison helps you determine how well she is being compensated within her existing pay band.

Analysis 201
article thumbnail

A Full Guide to Job Evaluation for HR

Digital HR Tech

Qualitative Quantitative Job to job comparison Ranking method/ pair comparison ranking Factor-comparison method Job to pre-determined grade comparison Job classification Point-factor method. Evaluation method Description Ranking method/ Paired comparison Jobs are paired and for each pair the most impactful job is chosen.

article thumbnail

Top Cognitive Assessment Tools

TalenX

The cognitive test’s purpose is to determine the candidate’s abilities on three main attributes: the process of information, generation of the solution, and decision-making competencies. – Candidate comparison and analysis help to manage a large pool of applicants.

article thumbnail

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups. This comparison helps you determine how well she is being compensated within her existing pay band.

Analysis 105
article thumbnail

What’s a people strategy, and why do you need one?

Insperity

Ask employees the same questions you asked executive leadership for consistency and ease of comparison. It’s possible that this exercise can unveil weaknesses in the management team. For employers, a thoughtful and well-executed people strategy constitutes a roadmap for how you can best use your people to accomplish business goals.