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M&A Friday! This Week’s HR Deals and Trending #HotInHR News

Advos

Synapse, a Provider of Technology for the Learning and Development Market, Closes US$2.5M CommonBond for Business™ Partners with Empower Retirement to Bring Enterprise Student Loan Solutions to Nine Million Employees Nationwide. ENGAGE Talent Joins Engage Venture Fund’s Cohort of Investment Companies. in Funding.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Overtime Pay: Compensation for hours worked beyond regular working hours, often paid at a premium rate. Benefits: These encompass various perks and protections offered to employees, including health insurance , retirement plans, paid time off, and other fringe benefits.

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How to Retain Call Center Employees & Reduce Turnover

Empuls

However, retaining top talent in your call center is crucial for maintaining customer satisfaction, reducing recruitment and training costs, and fostering a positive work environment. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%.

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What Is Compensation Management and What’s HR’s Role in it?

Analytics in HR

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. Refers to the actual process of calculating and distributing wages and salaries to employees.

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A Complete Guide to Hiring Employees in Hong Kong

Recruiters Lineup

It stipulates that employers must provide a written employment contract to their employees within the first month of employment, highlighting terms such as wages, working hours, and leave entitlements. Wages and Working Hours: The EO addresses the fundamental aspect of employment – wages.

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What your startup needs to know about the cost of human resources

HR Digest

Examples of HR costs include wages, benefits, training and development, retention, and recruitment costs. Training and development costs. According to the Association for Talent Development , employers spend an average of $1252 per employee on training and development. Read on for more!

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What Is HR Automation? Real-life Examples and Benefits

Peoplebox

For example, their AI-powered virtual assistant now handles hundreds of staff inquiries at once, ranging from payroll questions to time-off requests, all without breaking a sweat. This change was not just intended to reduce expenses but also to make HR processes faster, smarter, and more intuitive. Let’s get started!