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What Is Human Resources?

Analytics in HR

It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results. Internal mobility helps organizations improve employee engagement and retention while reducing hiring costs. This may include implementing wellness initiatives to address mental health, for example.

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Compensation Planning in 7 Actionable Steps

Analytics in HR

Even so, a recent study by Payscale found that less than 50% of companies have a strategic compensation plan. According to PayScale’s 2021 Compensation Best Practices report , businesses currently have a more challenging time finding and retaining skilled workers than ever before. There is the legal side of things as well.

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HR Business Partner: All You Need To Know About the Role

Analytics in HR

Future-ready HR business partner role and responsibilities HR Business Partner skills and competencies HR Business Partner metrics How to become an HR Business Partner HR Business Partner vs. HR Manager HR Business Partner vs. HR Generalist HR Business Partner salary FAQ What is an HR Business Partner? Check out our HR Business Partner 2.0

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Talent Acquisition

Analytics in HR

Doing this well leads to lower turnover, higher productivity, and increased engagement. Conversely, talent acquisition requires more time and planning to understand the different roles and departments, as well as the unique set of skills and experience required to succeed in each position.

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10 Smart Strategies to Enhance Employee Experience

HSD Metrics

Employees who aren’t engaged (and most aren’t) are more likely to move on to other jobs, and the average cost to replace one of those workers is from 90% to 200% of their annual salary (this according to PayScale ). . Help your employees get and stay well. Wellness programs can help your business save on healthcare costs.

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Mission Transparency: Greater Sense of Job Meaning Reduces Turnover

Compensation Today

A new PayScale study asked employees if their workplace made the world a better place , those workers who responded “yes” had the highest median pay of all survey respondents, at $50,600, followed by those who said “very much so,”at $49,700. Fight Turnover with Transparency.

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What is employee attrition?

Workable

Attrition at work is an important metric that organizations monitor closely to assess the health of their workforce and identify any potential areas of improvement. Several factors contribute to attrition, and understanding these can help organizations devise effective retention strategies. Let’s go deeper to the causes of attrition.