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What Is Human Resources?

Analytics in HR

What is Human Resources? Human Resources is both a function and a department within an organization. Human Resources also refers to the workforce or people employed in an organization. Human Resources Management (HRM) is a systematic approach to managing the company’s workforce to help meet organizational goals.

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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Every once in a while, I run across an article that talks about why organizations shouldn’t calculate cost per hire. Back in 2012, the Society for Human Resource Management (SHRM) worked with the American National Standards Institute (ANSI) to create a uniform standard calculation for cost per hire (CPH).

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

However, their value goes beyond just their salaries. In this guide, we delve into the intricacies of calculating the cost of an employee, offering insights into the different components and methodologies involved. This entails accounting for various direct and indirect expenses associated with personnel.

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11 Common Stereotypes About Human Resources Versus Reality.

Kevin Sheridan

There are many stereotypes about Human Resources that give HR departments a bad rap within their organizations. These unfair allegations often prevent people from wanting to build a career in Human Resources. . Human Resources Has Little Responsibility Beyond Paperwork, Administration, And Bureaucracy.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

In other words, HR analytics is a data-driven approach to Human Resources Management. HR analytics originates from data housed within Human Resources and is aimed at optimizing HR functions. In the past century, Human Resource Management has made a dramatic shift from an operational discipline to a more strategic one.

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HR Finance 101: A Guide To Finance for HR

Analytics in HR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. HR plays an important role in creating value in the company in making decisions on hiring and training staff.

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13 HR Analytics Courses Online To Check Out in 2024

Analytics in HR

There are numerous Human Resources analytics courses available that range from basic statistical knowledge to HR data and metrics and more. This HR analytics certification will teach you how to start using data to make fact-based people decisions that drive business value. Connect different data sets. Clean and structure data.