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

AIHR

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.” ” 6. ” 9. ” 10.

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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

There has been a remarkable surge in both global spending and funding for HR technology in 2021. Sapient Insights reported in its latest HR Systems Survey that 2021 was up 57% over last year on the spending front. Global funding is even more jaw-dropping. HR needs some new tech to deliver on the future of work. Author George LaRocque.

COMPAS 117
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How HR Software Can Boost Your Compensation Strategy

Paycor

The tools you still have at your disposal, like merit increases and bonuses, have a big role to play keeping your workforce productive and engaged. Paycor’s Compensation Planning software reduces admin work and allows you to automate compensation events within one system, giving HR leaders the time they need to focus on the big picture.

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Compensation and Benefits

AIHR

This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions. It is typically an annual or monthly salary or an hourly rate.

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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Total Rewards leaders and HR professionals should stay informed of changes to ensure compliance with OFCCP compensation audit requirements. It relates to ensuring technology based recruiting, screening and hiring procedures like artificial intelligence (AI) do not create barriers to equal employment opportunity.

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How to structure employee compensation

Workable

This may perpetuate the gender pay gap and, as a result, create systemic pay disparities that prompt discrimination lawsuits. For example, paying higher salaries than the market can result in hiring the best candidates and retaining your best employees. Recruiter with salary of $50,000. states (most recently in California.).

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What is Compensation Management?

HRsoft

If you are a compensation specialist, payroll specialist, HR leader, business owner or manager, in this article we will take a deep dive into the most common questions asked about compensation management and strategy. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.