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

Analytics in HR

This article unpacks 93 HR terms, including a usage example for each. HR term example: “Broadbanding offers flexibility in employee compensation and encourages people to develop new skills to move higher within the pay range.” HR term example: “Compassionate leave is not the same as bereavement leave.

COMPAS 89
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10 vital HR metrics to track for your business

Business Management Daily

Robust data collection and analysis helps companies see if a particular change impacts employee morale, for example. How are organizations using HR analytics to increase employee recruitment and retention? Dr. Rigolizzo: Regarding recruitment, thoughtful data can reveal built-in biases that keep you away from qualified candidates.

COMPAS 59
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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. For example, you could use group compa ratio and other data to compare salaries in job groups to other organizations to evaluate external competitiveness.

COMPAS 111
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What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

There are several metrics you can use to ensure fair pay. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric? It gives you very similar information to the compa ratio metric.

COMPAS 98
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5 Ways to Promote More Gender Equity in the Workplace

Visier

For instance, in the current example of Google, where the DoL is suing Google for details related to Google’s compensation data , the devil is in the details: Google may be defining — and therefore measuring — “equal pay for equal work” differently than the Department of Labor.

COMPAS 174
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5 Ways to Promote More Gender Equity in the Workplace

Visier

For instance, in the current example of Google, where the DoL is suing Google for details related to Google’s compensation data , the devil is in the details: Google may be defining — and therefore measuring — “equal pay for equal work” differently than the Department of Labor.

COMPAS 150
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The New Workforce Gender Equity Factors HR Needs to Watch

Visier

According to this Vox article : “Historical drivers of the gender wage gap — a lack of education among women, for example — are disappearing. In 2015, 90% of new CEOs in the S&P 500 were promoted or hired from line roles — and 100% of these executives were men. The Problem with Gender Bias. Ensure promotions are done fairly.

COMPAS 152