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

Analytics in HR

HR term example: “Broadbanding offers flexibility in employee compensation and encourages people to develop new skills to move higher within the pay range.” 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.

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A Full Guide to Compensation and Benefits

Digital HR Tech

Whether the recruiter lists the wage as an hourly, weekly, monthly, or hourly rate, candidates see it as the most critical part of any job offer. Typically, when employees think about compensation, the salary is what they think of. Research shows that both distributive fairness and procedural fairness lead to higher employee retention.

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What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

of respondents keep metrics relating to compensation, with large percentages of them tracking compensation by internal and external pay equity as well as pay vs. midpoints (or compa-ratio). Hiring, training, compensation, benefits, performance, and retention were also mentioned several times by participants. They are all useful.

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The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

Recruitment #5. Engagement #12. HR #1 – Demographic Indicators Number of employees Median age Median length of employment Median salary Gender diversity (i.e. # 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Demographic #2.

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