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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 96
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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. Microsoft Excel has, for a long time, been the favored tool to analyze compensation data. The post A Guide to Compensation Analysis appeared first on AIHR Analytics.

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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.

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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. EEOC Title VII guidance specifically requires employers to carry out an audit of employment-related AI tools to ensure compliance with workplace laws.

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What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

Let’s have a closer look at this metric and find out how HR can enable managers to use salary range penetration in their hiring, salary raise, and promotion decisions. It gives you very similar information to the compa ratio metric. This compensation metric is a valuable tool for comparing pay and across the organization.

COMPAS 98
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Pitchfest showcases innovation in return at HR Tech

HRExecutive

an executive coaching, outplacement and leadership training firm; and Compa, a talent acquisition compensation analytics tool. Companies surviving Day 1 and continuing on to the final round were ICC (Innovate. Consult.), The winner will receive $25,000 plus booth space at HR Tech next year.