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10 vital HR metrics to track for your business

Business Management Daily

She teaches human resources courses and a new STEM-designated Master of Science in Human Resources Analytics online business program. How are organizations using HR analytics to increase employee recruitment and retention? There are many ways to use it down to where recruitment dollars should go.

COMPAS 59
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U.S. states are not ‘waiting on Congress’ to regulate AI

HRExecutive

And, of course, most HR leaders are up to speed on New York City’s Automated Employment Decision Tool law. This week, compensation market data org Compa publicized $10 million Series A funding led by Storm Ventures. Pay transparency is Compa’s focus. More from HRE Are job seekers receptive to being assessed by AI?

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Employee Compensation: Everything you Need to Know

Astron Solutions

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, the performance rating taken in tandem with an employee’s compa-ratio reveals a fuller picture. What is Compa-ratio? 875 x 100 = 87.5% 958 x 100 = 95.8%

COMPAS 59
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Learn a new word: Positive Predictive Value

Steve Boese

These kinds of use cases and others and the technologies that enable them present HR and business leaders with new and really powerful tools and capabilities that can, if applied intelligently, provide a competitive edge realized from the better matching, hiring, and deploying of talent. But the opposite, of course is also true.

COMPAS 68
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5 Compensation Analytics to Track That Answer Your Big Comp Questions

Compensation Today

Be on the lookout for the course launch, which includes helpful examples and insightful exercises — coming soon! Compa-Ratio. Usage: Compa-ratios help answer the question “Are we paying according to our plan?”. Assess: Similar to market-ratio, a compa-ratio of 1.0 It’s time to get technical. Range Penetration.

COMPAS 79
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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

In these cases, the client may be able to perform the work itself, but hires the firm because it can perform the service more efficiently. Since junior staff often start at the lower end of the compa ratio, their increases are often larger. Procedure Projects: These projects involve the highest proportion of junior people.

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How to Dig Into Compensation Analytics to Answer Specific Questions

Compensation Today

Be on the lookout for the course launch, which includes helpful examples and insightful exercises — coming soon! The numbers explain your challenges to recruit and maintain natural attrition in each place respectively. Compa-Ratio by Function. Compa-ratio can also be used for groups of employees.

COMPAS 50