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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 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. Which hiring metrics are most important to track?

COMPAS 59
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A Guide to Compensation Analysis

Analytics in HR

Although compensation analysis can be a complex process, it is a necessary tool to ensure fair workplace practices and contribute to your employee engagement strategy. A compensation analysis is a vital component of an organization’s talent management strategy , as it helps attract and retain the best employees on the market.

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4 steps to Building a Business Case for D&I

Visier

You need a strategy to bring to your leadership team that makes the intangible goal of improved diversity and inclusion both intangible and accessible. Although it can be overwhelming to start it is needed to succeed and people analytics can help—a lot! Improving results, hiring faster, and saving money? Decide what to measure.

COMPAS 223
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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
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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

The global COVID-19 pandemic and the Great Resignation accelerated every business transformation already in process. 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. The stakes couldn’t be much higher.

COMPAS 117
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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

It relates to ensuring technology based recruiting, screening and hiring procedures like artificial intelligence (AI) do not create barriers to equal employment opportunity. Another newly added requirement is Item 21. This reflects the wider push for responsible AI in employment practices.

COMPAS 130