AIHR

JANUARY 6, 2025

A compensation review process is necessary to assess how fair and competitive your compensation and benefits offerings are and to ensure you attract and retain top talent. This article discusses how to ensure a fair and effective compensation review process and how to tactfully communicate salary changes to employees.

Compensation 98

Compensation Assessment Software Hiring Software HR Software 98

Business Management Daily

AUGUST 12, 2024

Compensation Of course, most of us work primarily to get paid, so compensation is a critical component of an employee value proposition. Compensation includes the employee’s hourly wage or salary, along with added forms of payment like commissions or bonuses.

Examples 105

Examples Wage and Hour Training Employer Branding Hiring Software 105

HR Brew

MAY 1, 2024

While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. The current gender pay gap in EU countries varies greatly (in Germany, for example, it was 18% as of 2023%, though the EU average is 13%).

HR Software 430

HR Software AON Hiring Software Assessment Software 430

Peoplebox

SEPTEMBER 23, 2024

Hiring bias Even if unconscious bias affects the hiring process, for example, male candidates are 1.5X Example : A company that wants to use AI to automate certain tasks can check if its employees use AI in their daily tasks. For example, a fast-paced, employee-centric company would expect independence and ownership from its employees.

AI Recruiting 52

AI Recruiting Recruiting Software Hiring Software Staffing Software 52

AIHR

JULY 26, 2022

For example, you’ve just launched a new service and would need after-sales people. For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). For example, you might need to consider the ratio of sales to marketing employees.

HR Planning 143

HR Planning Planning Tools HR Software Hiring Software 143

Achievers

SEPTEMBER 12, 2024

Examples of employee turnover rate equations Annual turnover = [(# of employees who left / average # of employees) * 100] For example, if the average number of employees is 90 and 6 employees left during the year, the turnover rate would be: (6 / 90) * 100 = 6.67% Steps to calculate turnover rate 1. For example, 0.067 x 100 = 6.7%.

Retention and Turnover 172

Retention and Turnover Hiring Software Employer Branding Recruiting Software 172

AIHR

FEBRUARY 28, 2024

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Example: Annual employee turnover rate.) We discuss more real-life examples below.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

MP Wired For HR

SEPTEMBER 26, 2024

You Asked, We Answered: Top Questions About Pay Transparency September 26th, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn In today’s evolving employment landscape, pay transparency has become a hot topic, prompting many companies to rethink their compensation strategies.

AI Recruiting 148

AI Recruiting Hiring Software Compensation Compliance 148

AIHR

FEBRUARY 6, 2025

What if a total compensation statement template could transform the way your organization communicates value to employees? A thoughtfully designed total compensation statement template gives employees a clear, comprehensive view of their rewards, helping you attract and retain top talent while promoting a culture of appreciation.

Compensation 92

Compensation Bonuses and Incentives Wage and Hour Training Planning Tools 92

EmployeeConnect

MARCH 4, 2025

For example, if data shows that employees in a particular department tend to leave after two years, HR can implement retention strategies like additional training, salary adjustments, or career development opportunities to improve job satisfaction. Exit Interview Analysis Exit interviews provide direct insights into why employees leave.

HR Software 130

HR Software Interview Software Assessment Software Planning Tools 130

Insperity

JUNE 8, 2023

The answer: Compensation benchmarking. What is compensation benchmarking? Compensation benchmarking is the process by which compensation professionals on your human resources (HR) team analyze salary data in the marketplace for each specific job at your company.

Benchmarking 110

Benchmarking Compensation Hiring Software Survey 110

Accendo Technologies

SEPTEMBER 25, 2024

Written by Sheu Quen • 4 minute read • September 25, 2024 Are your employees satisfied with their compensation, or are they looking elsewhere for better offers? That’s where a competitive compensation package comes in. Our article explores the vital role that well-designed compensation packages play in retaining talent.

Compensation 52

Compensation Bonuses and Incentives Wage and Hour Training Payscale 52

Bayzat

SEPTEMBER 22, 2024

This competitive atmosphere now makes salary benchmarking highly important for HR managers. Salary Benchmarking is the deliberate process of comparing and evaluating talent remunerations and compensation packages in the UAE. Neglect of fair compensation attracts fines and penalties that can hinder your business growth.

Benchmarking 52

Benchmarking Industry Case Study HR Software 52

Extensis

JULY 24, 2024

Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. According to Gartner , total rewards are “the combination of benefits, compensation, and rewards that employees receive from their organizations.

Hiring Software 105

Hiring Software Assessment Software HR Planning Planning Tools 105

Bayzat

OCTOBER 31, 2024

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Falling out of touch with what makes a strong employee compensation package may mean your company is losing its competitive edge.

Compensation 52

Compensation 10KC Talent Experience Bonuses and Incentives 52

ClearCompany HRM

MAY 11, 2023

Employee #CoreCompetencies can help you eliminate bias, find better candidates, and retain your top talent: Examples of employee core competencies for an executive assistant include attention to detail, problem-solving, and organization. Recruiters can use benchmarks to write accurate job descriptions and speed up the selection process.

ClearCompany 431

ClearCompany Competencies Hiring Software Hiring 431

HRExecutive

AUGUST 30, 2024

The survey results revealed four areas in which generative AI had the highest adoption rates: Learning and development (L&D) Job architecture Compensation insights and trends Salary benchmarking With adoption rates in these areas ranging from 5% to 7%, there is a clear and compelling use case for generative AI (see Figure 2).

HR Planning 122

HR Planning HR Software Planning Tools HR Function 122

AIHR

FEBRUARY 6, 2024

How to set recruitment goals in 10 steps Recruitment goals examples What are recruitment goals? These goals may include specific areas such as: Employer branding : For example, increase positive brand perception among potential candidates. Digital HR : For example, leverage technology to enhance recruitment processes.

AI Recruiting 105

AI Recruiting Video Recruiting Recruiting Software Hiring Software 105

Empxtrack

JUNE 4, 2024

For example, an employee might accrue one hour of PTO for every 40 hours (1 week) worked. For example, let’s say your company’s accrual rate is 0.0833 PTO hours for every hour worked. For example, let’s consider an employee Sarah who is a senior manager. For example, if your accrual rate is 0.5

HR Software 98

HR Software Staffing Software Planning Tools How To 98

AIHR

FEBRUARY 23, 2024

The Wharton People Analytics course is taught by three top professors and introduces you to the major areas of people analytics, including performance evaluation, staffing, compensation, collaboration, and talent management. A dashboard example is included below. Identify relevant HR metrics and benchmarks for organizational goals.

Compliance Training 98

Compliance Training Course Background screening HR Planning 98

Extensis

SEPTEMBER 26, 2024

Employee benefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. For example, ExtensisHR’s customer service department prides itself on answering phone calls within 10 seconds and live chats within 30. In fact, nearly 70% of U.S.

HR Software 105

HR Software HR Planning Hiring Software Onboarding Software 105

Replicon

AUGUST 30, 2024

In the world of employee compensation, time and a half refers to the increased pay rate that nonexempt employees earn for working overtime. It mandates that overtime hours, typically those exceeding 40 hours in a workweek, be compensated at a rate of one and a half times the regular pay rate.

Wage and Hour Training 111

Wage and Hour Training Guidelines Compensation Payroll 111

15Five

DECEMBER 13, 2024

Compensation is something you absolutely need to get right. That makes compensation planningeverything that goes into your strategy for rewarding peoplesuch a high-stakes game. Most organizations know performance should have some influence on compensation, but arent clear on how much or how. Check out 15Five Compensation!

Planning Tools 130

Planning Tools Compensation Hiring Software HR Software 130

HR Lineup

JULY 14, 2024

For example, a unicorn hire in the tech industry might have deep technical expertise in artificial intelligence and machine learning, coupled with strong business acumen and strategic thinking. They have consistently delivered outstanding performance, often exceeding expectations and setting new benchmarks within their industries.

AI Recruiting 98

AI Recruiting Hiring Software Hiring Recruiting Software 98

EmployeeConnect

SEPTEMBER 12, 2024

For example, a company might hire one or two employees from underrepresented groups to showcase diversity, without empowering these individuals to have a meaningful voice or opportunity for advancement. One way to ensure this is by tying DEI goals to performance reviews and compensation.

Diversity 130

Diversity Hiring Software Strategy Background screening 130

HRExecutive

AUGUST 15, 2024

Why HR must fight for its budgets and resources After breaking down cross-industry data on what organizations spend for employee learning, here are resources to help you benchmark your organization’s learning spend and strategies to help you build a business case for sustaining or increasing your learning budget.

Compliance Training 117

Compliance Training Hiring Software AI Recruiting HR Planning 117

HiBob

SEPTEMBER 17, 2024

They established a comprehensive compensation framework using Bob’s benchmarking tool to analyze salaries and have created a job catalog by redefining each role within the organization and mapping it to specific job families and levels. Their retention rate is 91.1

Onboarding Software 167

Onboarding Software Company Planning Tools Assessment Software 167

AIHR

JUNE 13, 2023

Are you looking to create a sales compensation plan for your company? organizations spend more than $800 billion each year to manage their sales force, with $200 billion devoted solely to compensation. Contents What is sales compensation? Sales compensation is a critical aspect of B2B organizations. Almost 80% of U.S.

Compensation 105

Compensation Planning Tools Bonuses and Incentives Examples 105

15Five

JANUARY 23, 2024

For example, if you give out raises at the same time each year and turnover rates change consistently at this time, you might learn if your raises are competitive or forcing employees to leave. Bureau of Labor Statistics is a great resource for benchmarking. Here are some strategies for doing that.

Retention and Turnover 291

Retention and Turnover Hiring Software How To Onboarding Software 291

HR Bartender

MAY 23, 2017

Compensation and Benefits – Reactions to pay and benefits offered. As part of content development, it would be beneficial to reach consensus on a handful of benchmarking items. A few sample benchmarking items are: I know what is expected of me at work. What do they feel while on the job?

Employee Engagement 370

Employee Engagement Survey Planning Tools Hiring Software 370

Visier

SEPTEMBER 29, 2020

For example, you can see how many Latino women, who became managers three years ago are still with the business. You can do further analysis to see the performance distribution in this population: how much their compensation has increased relative to their non-diverse peers, or how their engagement scores compare to their peers.

Analysis 422

Analysis Visier Diversity Analytics 422

Visier

JANUARY 27, 2021

Example of External and Internal Market Demand by Geography. Ask any compensation professional if they are prepared to “match to market” based on job name alone and they will vehemently shake their heads. Example of Skills Gap Identification. Emsi and Visier: Labour market insight and skills intelligence.

Analytics 444

Analytics Visier Planning Tools Recruiting Software 444

HRExecutive

NOVEMBER 18, 2024

For example: HR will need to carry out additional work related to benefits, compensation and onboarding to replace employees who leave. For example, your organization’s size and industry can both play a role in shaping what your retention looks like. Benchmark total rewards against talent competitors.

Retention and Turnover 120

Retention and Turnover Hiring Onboarding Data 120

AIHR

AUGUST 5, 2024

employee satisfaction / employee engagement ) and benchmark them against previous quarters and top competitors. How satisfied are you with the compensation and benefits offered by the company? How happy are you with your current salary and compensation package ? Do you feel your managers take your feedback seriously?

Survey 105

Survey HR Software Planning Tools Background screening 105

AIHR

OCTOBER 17, 2024

Using a good compensation plan template can provide both an organization and its employees with important information and clarity on their compensation and benefits packages, supporting pay equity. Contents What is a compensation plan? What is a compensation plan template?

Compensation 52

Compensation Bonuses and Incentives Employer Branding Retirement 52

EmployeeConnect

MARCH 5, 2025

By analysing data such as employee engagement levels, performance reviews, compensation trends, and even external factors like industry demand, HR can implement proactive strategies such as: Career development programs Targeted retention initiatives Salary adjustments and incentives Personalised employee engagement efforts 2.

Hiring Software 130

Hiring Software HR Software HR Planning Analytics 130

AIHR

OCTOBER 12, 2022

Variable compensation can be a useful tool for rewarding employees’ performance to provide measurable results for your business. Let’s dive into all you need to know about variable compensation. Contents What is variable compensation? What is variable compensation? Examples of variable compensation.

Compensation 130

Compensation Bonuses and Incentives HR Software Hiring Software 130