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10 vital HR metrics to track for your business

Business Management Daily

Why HR needs data analytics Why is data analytics crucial to HR’s role in the organization? Professionals need a deep understanding of what we can and can’t do with data. As organizations become more complex, data helps clarify the picture of what’s going on as it relates to employee engagement and retention.

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Executive Scorecard: HireRoad’s Top HR Dashboards

Acendre

This is beneficial when companies are looking for data, progress and status towards meeting specific goals. For example, if first year turnover is an area of concern, the scorecard can be used to track investments such as retention programs, employee surveys, and training sessions to monitor if these investments are making a difference.

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Compensation Metrics for Evaluating Your Plan’s Success

Zenefits

A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Let’s look at what compensation metrics are and which ones might best apply to your company’s compensation strategy. For example, the U.S.

Metrics 36
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Compensation and Benefits

Analytics in HR

HR uses compensation to attract top talent and boost retention rates. This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Sales compensation A sales compensation strategy is often used to motivate a sales team to achieve its goals. This money is subject to taxation.

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What is Compensation Management?

HRsoft

Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. Organization’s must diversify and consider different compensation practices to ensure they stay ahead on employee motivation, job satisfaction and retention.

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AI 101: What is Artificial Intelligence and What Does It Mean for HR?

Visier

An AI system requires three ingredients–a problem, inputs or data, and a set of parameters or rules. Following these parameters, the AI processes the provided data and draws conclusions from it in an attempt to find solutions for the problem. It’s only because of rules and data provided by humans that AI can make decisions at all.

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Are Your Compensation Policies Helping or Hurting You?

Visier

Pay traditionally gets negotiated once at hire and any merit increases are thereafter distributed according to broadly applied policies. Whether or not these compensation policies are helping employee retention, boosting productivity, or otherwise making the best use of your compensation budget is a mystery. .

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