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What Is Human Resources?

Analytics in HR

As a function, HR covers the processes, practices, and strategies to attract, develop, and retain employees who contribute to the company’s overall success. Hence, they execute an HR strategy to create a supportive and engaging work environment that values employees’ contributions and wellbeing. What is HR Management?

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Seasonal Hiring Steady for 2015 Holiday Season, but is Pay Spiraling Downward?

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger This time of year always sees an increase in hiring additional people to cover the busy holiday season, at least on a temporary basis. Employers are hesitant to raise wages to attract seasonal talent, instead they are highlighting their company cultures and growth opportunities.

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Compensation Planning in 7 Actionable Steps

Analytics in HR

Different types of compensation include base pay, company bonuses, stock options, and benefits like insurance, pension programs, and parental leave. In the so-called war on talent, employee compensation plays an integral part in how you attract and retain talent in your company. It can also include bonuses and tips.

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What COVID means to compensation

HRExecutive

The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. He explains that the pandemic has forced employers like Workday to change compensation quickly and at scale, relying on tools such as hardship pay, one-time bonuses, severance packages and salary reductions.

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2020 Workforce Trends- What You Need to Know!

Affinity HR Group

As an employer, here is what you need to know: Hiring. What employers need to do: Recognize that everyone who wants a job likely has a job, so your recruiting efforts should be focused on head-hunting. Employee engagement is critical to retaining employees. As of November 30, 2019, the US unemployment rate was 3.5%.

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Designing Competitive Compensation Packages to Retain Talent

Accendo Technologies

In a competitive job market, offering an attractive salary is only one part of the equation. Our article explores the vital role that well-designed compensation packages play in retaining talent. Larger companies offer a mix of performance-based bonuses, stock options, flexible benefits, and comprehensive retirement plans.

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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. That’s why offering the right package is crucial to attracting and retaining the right candidates for your organization.