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Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation. Benefits Administration : Manages employeebenefits, such as health insurance, retirement plans, and other perks.
Not only that, but there are specific HR tools for tasks like payroll processing , time tracking, performance management , and employeebenefits management. For instance, if the onboarding process comprises most of your workday, you’d benefit from adopting employee onboarding software to speed things up.
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