Remove Bonuses and Incentives Remove COMPAS Remove Talent Management
article thumbnail

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 99
article thumbnail

Today is Equal Pay Day: Can HR Technology Help Close the Gender Pay Gap?

SumTotal

For example, HR can play a role in articulating and initiating policies in recruitment, compensation and other functional areas to ensure equal roles receive equal pay, anti-discrimination and increase diversity in terms of fair representation of different groups of people.”.

article thumbnail

What is Compensation Management?

HRsoft

Compensation management is a specialized HR discipline that plans, administers, and communicates employees’ salary, incentives, and benefits. Its role is critical in attracting and retaining the best talent. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.