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10 vital HR metrics to track for your business

Business Management Daily

How are organizations using HR analytics to increase employee recruitment and retention? Dr. Rigolizzo: Regarding recruitment, thoughtful data can reveal built-in biases that keep you away from qualified candidates. There are many ways to use it down to where recruitment dollars should go.

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A Guide to Compensation Analysis

Analytics in HR

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. One of the most common calculations that is in most compensation analysis is the salary compa ratio , or comparative ration. Seven steps to a successful compensation analysis.

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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
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HR technology in 2024: What to look for

HRExecutive

Advertisement - Some of the important areas where Generative AI is impacting HR, talent and leadership teams include recruitment, employee recognition and engagement, performance management, HR service delivery and more. HR tech providers to watch: Salary.com, Compa, Visier 5. 1 topic in 2024.

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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
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7 Compensation Issues and How to Fix Them

Analytics in HR

How are you going to communicate the differences to your candidates/employees? It can be challenging for companies to figure out how to create fair salary ranges for emerging or highly specialized jobs. For example, how, precisely, will you estimate the value of these jobs without a lot of information? Rewarding niche jobs.

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How to Dig Into Compensation Analytics to Answer Specific Questions

Compensation Today

The numbers explain your challenges to recruit and maintain natural attrition in each place respectively. Compa-Ratio by Function. Compa-ratio can also be used for groups of employees. You research the claim by determining the compa-ratio for the group of department coordinators and the faculty group.

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