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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results.

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Talent Acquisition

Analytics in HR

A key metric to track during this phase is the offer acceptance rate , which is the percentage of accepted offers divided by the total number of offers made. However, it’s important to note that these analytics are only of benefit when the teams understand the data points and metrics they need to collect and measure and why.

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Compensation Analyst: All You Need to Know About the Role

Analytics in HR

Liaising with insurance brokers and investment planners to create competitive benefits packages for the company and facilitating enrolment for insurance and retirement plans. According to Payscale , the average annual base salary for a compensation analyst in the U.S Compensation analyst salary. Over to you.

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A Full Guide To the Human Resources Specialist Role

Analytics in HR

This requires HR professionals to make decisions based on data and metrics. Meanwhile, on Payscale , the average annual salary of HR specialists in Chicago is $57,071, while their New York HR specialist colleagues receive $64,890 annually. Human resources specialist job description. Manage labor relations: Manage employee complaints.

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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. By offering stock-based compensation and long-term rewards like retirement plans, Microsoft fosters employee loyalty and commitment.

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HR Generalist: All You Need To Know About the Role

Analytics in HR

Benefits administration HR generalists may handle any queries and administration tasks related to employee benefits and perks, including healthcare, pensions, retirement plans, and vacation time. Meanwhile, PayScale reports the average annual salary to be $70,098 in New York and $59,547 in Dallas, Texas.

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10 Employee Incentive Programs to Engage Your Team

Achievers

In a profit sharing plan, employees receive contributions to their retirement account (in the form of cash or stock) and sometimes get direct payments as well. If a profit sharing plan doesn’t suit your company, you can still use retirement benefits to incentivize employees by offering to match part or all of their 401k contributions.