Remove Analytics Remove COMPAS Remove Data
article thumbnail

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

Analytics in HR

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. HR term example: “The HR department analyzed the compa ratio to assess the fairness of our salary distributions.” ” 3. ” 10. ” 12.

COMPAS 89
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Improving results, hiring faster, and saving money? Decide what to measure.

COMPAS 223
article thumbnail

A Guide to Compensation Analysis

Analytics in HR

A thorough compensation analysis provides the data and insights for critical decisions as it relates to salaries and total benefits for employees. A compensation analysis uses internal and external data to determine whether an employer rewards employees fairly or not for the work they are doing.

article thumbnail

A Comprehensive Guide to the Compa Ratio

Analytics in HR

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.

COMPAS 111
article thumbnail

OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Significant amendments relate to the scope of required employee level compensation data, factors used to determine pay, and documentation that help explain factors and reasoning used to determine compensation. Upon receipt of a Scheduling Letter, contractors have 30 calendar days to respond with their initial data submission.

COMPAS 130
article thumbnail

The New Workforce Gender Equity Factors HR Needs to Watch

Visier

This is echoed by 2017 gender data from the Visier Insights database, our unique database of anonymized, standardized workforce data. 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. Data-Driven Practices That Help Mitigate Gender Equity Issues.

COMPAS 152