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Human capital management: How to improve employee engagement

Business Management Daily

It encompasses many areas, such as talent management, compensation and rewards, talent acquisition, and more. Compensation HCM strategically offers compensation through salaries, bonuses, perks, and employee benefits to attract and retain top talent.

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Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

Attracting great talent has never been more competitive, with companies understandably wanting to provide the most enticing compensation packages possible. Unfortunately, many potential candidates and existing employees don’t comprehend the total value of their compensation package outside of salary alone.

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Navigating EU CSRD and Pay Equality

Trusaic

The Pay Equity Related Standard and Auditor Requirements of the EU Corporate Sustainability Reporting Directive state: “Under the draft standards, the employer must report the Basic Salary and Remuneration Ratio (or Annual Total Compensation Ratio) between male and female employees.

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Headcount Planning: An HR Practitioner’s Guide

AIHR

For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). HR and management can collaborate to make financial decisions based on accurate headcount data and future plans. Gather sufficient data.

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Best enterprise HR software systems 

HiBob

All-in-one functionality: Ensure the HR software covers all aspects of the employee lifecycle, including recruitment, payroll, performance management, and compliance Automation capabilities: Look for convenient automation features to reduce manual tasks like scheduling, data entry, and absence tracking Scalability: Choose a platform that can grow with (..)

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Employee Data: Meaning, Types, and Best Practices

HR Lineup

Employee data has become a crucial asset for businesses seeking to optimize their workforce management, ensure compliance, and enhance employee engagement. This information provides insights into various aspects of employees’ work life, professional development, and well-being, allowing companies to make data-driven decisions.

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Compensation Review: Your 11-Step Guide to a Fair and Effective Evaluation

AIHR

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.