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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.

COMPAS 59
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A Guide to Compensation Analysis

AIHR

It can be a part of your HR reporting. Organization compensation philosophy This information is usually embedded in the company handbook, and the deeper philosophy sits with the CEO or HR Heads. Salary benchmark This is usually an annual survey that is completed, which includes pay structures and salary information.

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A Comprehensive Guide to the Compa Ratio

AIHR

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.

COMPAS 111
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LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

There has been a remarkable surge in both global spending and funding for HR technology in 2021. Sapient Insights reported in its latest HR Systems Survey that 2021 was up 57% over last year on the spending front. Why should an HR leader care? HR needs some new tech to deliver on the future of work.

COMPAS 117
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The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Sure, it doesn’t contain every single HR metric you could think of, but it represents some of the most important, and for most of the major HR functions.

COMPAS 100
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Compensation Review: Your 11-Step Guide to a Fair and Effective Evaluation

AIHR

HR top burning question: Why should an organization have a compensation philosophy? HR top burning question: How to choose the right type of compensation approach? Implement adjustments: Once the relevant managers approve any compensation adjustments, implement them by getting HR and finance to update the payroll accordingly.

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The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

In bigger companies, this may be an entire department, in which case the C&B manager coordinates all compensation and benefits efforts, while in a smaller one it may be just one of the duties of an HR Generalist. They often do this through salary surveys and statistical analysis to determine what the market value is for each job.

COMPAS 69