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What is Compensation Management?

Zenefits

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. It’s important for business owners and HR leaders to know how compensation management works, the benefits, and what to consider before investing in an appropriate system. . What is compensation management? What are the objectives of compensation management?

How to Improve Diversity and Inclusion Using Social Media

Zenefits

In today’s world, social media platforms help businesses with human resources in two important ways: internally to improve diversity and inclusion in the workplace, and externally to attract more diverse candidates for open roles. . In the latest McKinsey report using 2017 data from over 1000 companies across 12 countries, organizations in the top 25% for gender diversity were 21% more likely to experience better-than-average profitability that the companies in the bottom 25%.