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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results.

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Chief Talent Officer: Everything To Know About This Role

Analytics in HR

The chief talent officer creates processes to optimize hiring, build relationships for candidate pipelining and succession planning, and manage short and long-term staffing requirements. And chief talent officer oversees employees’ recruitment, development, and retention to help meet company goals. CTOs are on the C-suite level.

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Compensation Planning in 7 Actionable Steps

Analytics in HR

Even so, a recent study by Payscale found that less than 50% of companies have a strategic compensation plan. According to PayScale’s 2021 Compensation Best Practices report , businesses currently have a more challenging time finding and retaining skilled workers than ever before. This is also known as salary benchmarking.

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HR Tech Stack: A Practitioner’s Guide

Analytics in HR

It can improve productivity and effectiveness, decrease costs, and simplify the recruitment process, helping the organization achieve its goals. What’s more, the saved time also translates to cost savings. ChartHop has a dynamic platform that generates compensation review plans based on the metrics of your choice.

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A Full Guide To the Human Resources Specialist Role

Analytics in HR

Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. For example, by ensuring that they hire and retain the right people. This requires HR professionals to make decisions based on data and metrics. for training.

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Top 10 Things to Remember When Tracking Your HR Metrics

U-Next

Metrics are integral part of any business operation. If there is a process or a workflow in a system and the flow has a series of tasks, there need to be several metrics to identify the efficiency of the process and understand the efficiency of those who contribute and participate in it. And in HR, metrics play an important role.

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How to calculate for pay for remote workforce

HR Digest

How to deal with the recruits, the contract workers, the professional freelancers? Still, others are viewing remote work as a potential cost savings mechanism. A study by payscale, a payroll company, into salary data reveals that remote workers are actually paid more than people who work in an office. There is a pitfall here.

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