Remove Bonuses and Incentives Remove Events Remove Retirement
article thumbnail

Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

Forecasting should be part of your headcount planning to evaluate previous trends, the present situation, and future events. For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). Effective use of your (future) talent.

article thumbnail

Guide to Hiring Employees in Armenia

Recruiters Lineup

Additionally, the employment contract should specify the details of the compensation package, including any bonuses, benefits, or allowances offered to the employee. There may be special tax incentives for specific industries or investments. Armenians also commemorate historical events like the Armenian Genocide Remembrance Day.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employment Contract: HR’s In-Depth Guide

Analytics in HR

Laying out the salary, benefits, protections, and incentives you have to offer, as well as assuring job security for a set amount of time, can entice a desirable candidate to come work for your organization over another. Communicate with employees well in advance to ensure they understand upcoming deadlines, triggering events, and changes.

article thumbnail

Employee Experience: A Complete Guide for HR

Analytics in HR

Celebrate milestones, new roles, promotions, and even retirements with private acknowledgments or public recognition events. Highlight accomplishments by rewarding employees with bonuses, promotions, and non-monetary incentives like extra vacation time. This will let them know they are valued and make a difference.

article thumbnail

Guide to Hiring Employees in the Bahamas

Recruiters Lineup

Additionally, employers should be mindful of overtime regulations, bonuses, and other forms of remuneration to guarantee compliance with the legal framework governing employee compensation. Retirement Plans: Retirement benefits are another essential aspect of employee packages in the Bahamas.

article thumbnail

What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Predictive HR analytics: Explores current and historical data and uses statistical models and forecasts to predict future behaviors and events. With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards.

article thumbnail

Top 3 Strategic Alternatives to Layoffs

Careerminds

This is why, if a layoff event must happen, we strongly suggest HR leaders provide outplacement services for their staff members to ease these tensions. Click below to learn more about our Careerminds outplacement services and how we can support you through your stressful reduction event. What Are Three Alternatives to Layoffs?