article thumbnail

10 vital HR metrics to track for your business

Business Management Daily

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.

COMPAS 59
article thumbnail

HR technology in 2024: What to look for

HRExecutive

, I have been pulling together reflections on HR and HR technology in 2023. Advertisement - While exercises like this are interesting and fun, they can also help frame the development of HR and HR technology strategies for the coming year and beyond. . 1 topic in 2024.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Guide to Compensation Analysis

Analytics in HR

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. Now that you understand what a compensation analysis is and its benefits, let’s take a look at the practical steps of how to do a compensation analysis.

article thumbnail

Ask Visier: How Do You Determine if Your Organization Pays Equitably?

Visier

Ask Visier is a weekly column where a people analytics expert dives into one of the 2000+ business questions available in Visier and shares how to take action on the answers you might uncover on that topic. If you find some groups have a lower than average compa-ratio, it’s likely that pay decisions aren’t being made equitably.

Visier 195
article thumbnail

What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

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. How do you calculate salary range penetration? It gives you very similar information to the compa ratio metric.

COMPAS 90
article thumbnail

How to structure employee compensation

Workable

Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. This may perpetuate the gender pay gap and, as a result, create systemic pay disparities that prompt discrimination lawsuits. How to set up a pay structure. Recruiter with salary of $50,000. For example, the U.S.

COMPAS 86
article thumbnail

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, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization. What is Compa-ratio?

COMPAS 59