Remove COMPAS Remove Resources Remove Retention and Turnover Remove Retirement
article thumbnail

10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. Which hiring metrics are most important to track?

COMPAS 59
article thumbnail

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

Analytics in HR

Just like HR acronyms and abbreviations , knowing how to employ HR terms is an integral part of working in human resources. Learn more What Is Human Resources? 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.

COMPAS 69
Insiders

Sign Up for our Newsletter

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

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, the performance rating taken in tandem with an employee’s compa-ratio reveals a fuller picture. What is Compa-ratio? Indirect compensation.

COMPAS 59
article thumbnail

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits are thus a key part of Human Resource Management. 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. Research shows that both distributive fairness and procedural fairness lead to higher employee retention.

article thumbnail

Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. HR uses compensation to attract top talent and boost retention rates. This money is subject to taxation.