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Tech is changing the game for compensation managers

HR Brew

Gone are the days of sifting through Excel cells or binders to audit employee compensation on a once-a-year basis. The proliferation of pay data makes HR’s role more complex, but technology has also evolved to meet the needs of today’s compensation managers. We used to get binders,” he said. “We Now, everything is electronic.”

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The Ripple Effect of a Pay Strategy Change

Compensation Today

PayScale was there for The Elevate Summit , BambooHR’s first ever user conference, and we know many of you were too. One particularly special session for us was “The Ripple Effect of a Pay Strategy Change,” in which PayScale CPO Dave Smith presented with Justin Gagnon, CEO of our customer, Choicelunch. Communicating Compensation.

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Human Resources Director: Job Description, Skills & Salary

Analytics in HR

Payscale estimates that the average HR Director salary in the United States is around $179,000 annually, while Glassdoor states the average total pay is around $171,000 yearly. It covers topics like hiring and retention of employees, employment law and compliance, compensation, and benefits.

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Visit us at #HRTechConf

Compensation Today

As a company that uses billions of data points to help companies get compensation right, PayScale is no newcomer to big data. While predictive analytics aren’t wholly new for company budgeting, forecasting products, or sales metrics, it is a relative newcomer to HR analysis. One of the biggest is big data (I couldn’t resist).

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Talent Acquisition

Analytics in HR

Doing this well leads to lower turnover, higher productivity, and increased engagement. On the other hand, if a company experiences growing demand for their products or services, they may need to increase their workforce to cope with this. This leads to an increase in productivity, collaboration, and problem-solving.

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What COVID means to compensation

HRExecutive

This is the second in a series on compensation during the pandemic. The coronavirus pandemic has upended scores of traditional HR structures: hiring, recruiting, onboarding and compensation. Read the first installment here. *. Advertisement. Related: Will other employers follow Google’s latest remote plan? Ben Carter.

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Chief Talent Officer: Everything To Know About This Role

Analytics in HR

It may involve communicating with board members to fully grasp the business goals and expectations and how they can help the company’s production or efficiency via staffing requirements. On a company-wide level, they also assess the staffing needs of each department. In SMEs, chief talent officers work part-time or full-time.