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The Compehensive Dictionary of HR Terms To Know [In 2024]

Analytics in HR

Just like HR acronyms and abbreviations , knowing how to employ HR terms is an integral part of working in human resources. This article unpacks 93 HR terms, including a usage example for each. These are just a few of the many roles HR plays in organizational success. Learn more What Is Human Resources?

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10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. It’s important in many ways.

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A Comprehensive Guide to the Compa Ratio

Analytics in HR

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. Over the past few decades, HR and compensation professionals have found many more ways to use it. Don’t base decisions on compa-ratio alone.

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OFCCP Compliance: Proactively Prepare for Compensation Audits

Trusaic

Expanding OFCCP compliance is part of a wider shift to drive pay equity at the federal level. Total Rewards leaders and HR professionals should stay informed of changes to ensure compliance with OFCCP compensation audit requirements. Changes to the scheduling letter are far-reaching. Another newly added requirement is Item 21.

COMPAS 130
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U.S. states are not ‘waiting on Congress’ to regulate AI

HRExecutive

a company providing tools to help HR teams make evidence-based talent decisions. When I asked him about the potential impact of HR tech-related legislation, he told me that dozens of AI-related bills are being introduced in states across the U.S. don’t yet have comprehensive plans that match. HR tech in Europe and the U.S.

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7 Compensation Issues and How to Fix Them

Analytics in HR

Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy. Compensation planning. So how do you identify and fix compensation issues? Executive compensation. Steps to identify and fix compensation issues.

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How to Use Compensation Analytics to Tell a Story

Compensation Today

You spent some time making sure your compensation plan is current and that it prioritizes the things that drive organizational success. In HR circles, we talk a lot about getting executive buy-in, and sometimes that means proving it. You recently completed a pay equity audit and have some compliance concerns.