Business Management Daily
JANUARY 20, 2023
Rigolizzo about what HR professionals need to know about this vital tool. Dr. Rigolizzo: Particularly within HR, data analytics is essential and not something HR has traditionally used as a key tool, but the use of data to make decisions is becoming commonplace, and therefore HR data analytics careers are in high demand.
Analytics in HR
JANUARY 19, 2021
Although compensation analysis can be a complex process, it is a necessary tool to ensure fair workplace practices and contribute to your employee engagement strategy. For example, Salesforce found that their engineer salaries were comparable to engineers at Microsoft. It can account for up to 70% of the business cost.
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Ongig
FEBRUARY 28, 2018
A common question I get asked is: “What are the top applicant tracking systems I should consider using?” ” So, every year the Ongig team and I find the top ATS’s used by employers actively hiring…and we publish the details. Instead, a homegrown ATS is ATS software built by the employer themselves.
Visier
OCTOBER 6, 2021
For example, you can start by comparing groups in the same department, role, and/or location. Then, you can look closer at the people in your workforce and use a compa-ratio calculation to indicate how close a person’s base pay is to the pay level midpoint for their role.
Analytics in HR
AUGUST 17, 2021
Let’s have a closer look at this metric and find out how HR can enable managers to use salary range penetration in their hiring, salary raise, and promotion decisions. It gives you very similar information to the compa ratio metric. This compensation metric is a valuable tool for comparing pay and across the organization.
Visier
DECEMBER 1, 2020
In addition to boosting employee retention, this can also support a strategy of hiring from within the organization instead of competing on the open market for talent. “?An Companies now have to rethink their workforce and hiring strategies and instead invest in upskilling their workforce,” she states. Step 4: Measure progress.
Acendre
FEBRUARY 27, 2023
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. For example, let’s take a look at the metric, Compa Ratio. This is a common metric to assess pay.
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