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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.” ” 10. ” 15. ” 17.

COMPAS 89
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A Guide to Compensation Analysis

Analytics in HR

If you need a snapshot to understand the cost per employee, you may conduct a “Headcount analysis” to provide an accurate picture of staffing levels and compensation per employee. Therefore, salary surveys and market prices are already plugged into the system and regularly updated. The result will be a percentage.

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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Item 22 is new and requires employers to provide documentation demonstrating their compliance with their obligation to evaluate whether their compensation system has gender, race, or ethnicity disparities. Another newly added requirement is Item 21. OFCCP compliance: “One to watch?”

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

HRExecutive

Sapient Insights reported in its latest HR Systems Survey that 2021 was up 57% over last year on the spending front. 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 115
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2021 HR Technology Conference Pitchfest Participants Announced! #hrtechconf (HR Tech You Want To Know About!)

The Tim Sackett Project

Business Intelligence) • Public Insight (Talent Analytics) • Equality AI (Ethical AI) • Sciolytix (Training Tech) • GraceBlocks (HR Architecture) • Sentinel Pay Analytics (Pay Equity Tech) • ICC (Innovate. Coaching) • Shaka Culture Application (Employee Engagement) • Included (DEI Analytics) • Stayhome Inc.

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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

This is clearly a systemic issue, one that business leaders should pay special attention to. 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. If women have a lower than average compa-ratio, then it is likely that pay decisions are not being made equitably.

COMPAS 152
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Learn a new word: Positive Predictive Value

Steve Boese

Predictive analytics and the application of algorithms to help make 'people' decisions in organizations has been a subject of development and discussion for several years now. Either they generate too many 'matches', i.e., recommend too many candidates as likely 'good hires' for a role, including some who really are not good matches at all.

COMPAS 68