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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

For example, if you have to cut costs in your learning and development budget while also trying to stimulate innovation, it creates a strategic challenge. Many resources you’ll find online list tens, sometimes even close to a hundred HR KPI examples. In other words, to measure success, you need clear performance indicators.

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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. Human Resources also refers to the workforce or people employed in an organization.

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Compensation and Benefits

Analytics in HR

For example, perks like bonuses, stock options, 401k matches, pension plans, paid time off , and even free lunches are all attractive to different people and make up an essential part of the compensation and benefits package. Overall compensation is the top factor that job seekers consider when accepting a new job.

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A Comprehensive Guide to the Compa Ratio

Analytics in HR

In this context, it is the annual sum of hourly pay, hourly wage × 2080 hours. 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. What is compa ratio? Compensation definitions. Individual compa ratio.

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HR Metrics for 2023: The Definitive Guide

Primalogik

Through the right metrics, HR managers and leaders can learn how to better support employees and strengthen results. You’ll learn how motivated and enthusiastic employees feel in their daily work. HR Metrics and Training Metrics can help identify which training programs are working best, gauging their return on investment (ROI).

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The Top 12 Workplace Trends of 2022

Best Money Moves

For example, people once who endured low wages and poor work conditions are increasingly looking toward remote positions for a better work experience. Find out what your company does well and where it may need some change, from the people that understand your organization best: your employees themselves. Around 90% of U.S.

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10 Top Reasons for Employee Turnover & How To Prevent It

Analytics in HR

To calculate their employee turnover rate easily, organizations usually divide the total number of people who leave during a specific period by the average number of employees at the company during that same period. This article explores some of the most common reasons for employee turnover and ways to prevent it. Let’s get started!