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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. ” 15.

COMPAS 89
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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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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. Compensation policies and practices that can help explain the factors and reasoning used to determine compensation are also required.

COMPAS 130
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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

As they implement new programs and policies to respond to the impact of the pandemic on the workforce and shepherd in a more promising future of work, they’re looking for new technology to help. PwC reports that 74% of businesses plan to increase their spending on HR tech. The stakes couldn’t be much higher.

COMPAS 115
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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue. 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? Revisiting the Manager Divide.

COMPAS 152
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11 more startups compete in Pitchfest round 2

HRExecutive

The two finalists that advanced were Learn In, a solution to target employee upskilling, and Onwards HR, which helps HR with a smooth and supportive employee exit experience while remaining compliant with corporate policy and employment law. Pitchfest judges from left: George LaRocque, Emanuel Cotronakis and Cas Turbak. ICC (Innovate.

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Compensation and Benefits

Analytics in HR

This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions. Sometimes, this leave will be paid, and other times, it won’t, depending on the company policy.