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Compensation Review: Your 11-Step Guide to a Fair and Effective Evaluation

AIHR

A compensation review process is necessary to assess how fair and competitive your compensation and benefits offerings are and to ensure you attract and retain top talent. This article discusses how to ensure a fair and effective compensation review process and how to tactfully communicate salary changes to employees.

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8 Common Compensation Issues and How To Fix Them | ClearCompany

ClearCompany HRM

Like many aspects of HR, your team is dealing with unfamiliar challenges in an already complex function — employee compensation management. From rising employee expectations to navigating new pay transparency laws, creating a solid compensation strategy is getting increasingly complicated. CompensationStrategy #HRTech 1.

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Why CHROs need to own the HR tech budget

HRExecutive

Billions of dollars are spent on HR tech each year, representing a big chunk of many businesses’ bottom lines. According to Stacey Harris and Cliff Stevenson, analysts at Sapient Insights Group, there is a “battle brewing” between IT and HR over who controls the HR technology budget.

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The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Sure, it doesn’t contain every single HR metric you could think of, but it represents some of the most important, and for most of the major HR functions.

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A Comprehensive Guide to the Compa Ratio

AIHR

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. Over the past few decades, HR and compensation professionals have found many more ways to use it. What is compa ratio?

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The Compehensive Dictionary of HR Terms To Know [In 2024]

AIHR

Just like HR acronyms and abbreviations , knowing how to employ HR terms is an integral part of working in human resources. This article unpacks 93 HR terms, including a usage example for each. These are just a few of the many roles HR plays in organizational success. Learn more What Is Human Resources?

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Compensation and Benefits

AIHR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?