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

Analytics in HR

These are just a few of the many roles HR plays in organizational success. Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range. ” 3. ” 9. ” 10. ” 15. ” 16. ” 17.

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How to structure employee compensation

Workable

For example, paying higher salaries than the market can result in hiring the best candidates and retaining your best employees. Recruiter with salary of $50,000. Grade 2 includes HR Generalist and Recruiter and midpoint is $45,000 (average salary of these two positions.). Benchmarking helps make your salaries more competitive.

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