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10 vital HR metrics to track for your business

Business Management Daily

Rigolizzo about what HR professionals need to know about this vital tool. 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. There are many ways to use it down to where recruitment dollars should go.

COMPAS 59
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The Compehensive Dictionary of HR Terms To Know [In 2024]

Analytics in HR

Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range. HR term example: “The HR department analyzed the compa ratio to assess the fairness of our salary distributions.” ” 3. ” 10. ” 12.

COMPAS 78
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A Guide to Compensation Analysis

Analytics in HR

Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. A thorough compensation analysis provides the data and insights for critical decisions as it relates to salaries and total benefits for employees. It can account for up to 70% of the business cost.