Remove COMPAS Remove Performance Management Remove Retention and Turnover
article thumbnail

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

Analytics in HR

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. HR term example: “The HR department analyzed the compa ratio to assess the fairness of our salary distributions.” ” 10. ” 15. ” 17.

COMPAS 89
article thumbnail

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

Recruitment #5. Performance #8. Retention rate: measures the percentage of employees that is still employed at the end of a given period. 4 – Recruitment Indicators Average cost per hire: measures the average amount spent to recruit a new employee. Demographic #2. Organisational Structure #3.

COMPAS 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee Compensation: Everything you Need to Know

Astron Solutions

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization. What is Compa-ratio?

COMPAS 59
article thumbnail

What is Compensation Management?

HRsoft

How to get more out of your compensation management efforts? Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. It is a critical element in talent management, as it affects recruiting, retention, and operating budgets.