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

Analytics in HR

It’s a handy reference to refer to the next time you encounter an unfamiliar term. 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. ” 3. ” 6. ” 7. ” 10.

COMPAS 99
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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. It’s important in many ways.

COMPAS 59
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A Guide to Compensation Analysis

Analytics in HR

Here are a few key concepts in compensation analysis that you need to understand: External competitiveness – Employers compare their compensation data and practices to external companies. Some companies already have compensation analysis software that helps with this, or others use a spreadsheet with data from their HRIS.

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4 steps to Building a Business Case for D&I

Visier

Although it can be overwhelming to start it is needed to succeed and people analytics can help—a lot! Your organization is already sitting on a wealth of data, and people analytics can turn that data into actionable insights. Diverse companies have been shown to be more profitable, more innovative, and better at decision-making.

COMPAS 223
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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Total Rewards leaders and HR professionals should stay informed of changes to ensure compliance with OFCCP compensation audit requirements. It relates to ensuring technology based recruiting, screening and hiring procedures like artificial intelligence (AI) do not create barriers to equal employment opportunity.

COMPAS 130
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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

Research shows that gender diverse companies are more likely to outperform their less diverse peers, and a lack of a gender diverse workforce can also impact employer brand. In 2015, 90% of new CEOs in the S&P 500 were promoted or hired from line roles — and 100% of these executives were men. So what’s holding up progress?

COMPAS 152
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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

HR leaders in companies of all sizes are looking forward to 2022 with change in mind. As most employers are struggling to hire and reports also show that up to 40% of workers are planning to change jobs , there’s little room for error in selecting new HR technology. Survey: Help us find out What’s Keeping HR Up at Night?

COMPAS 106