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HRIS 101: All You Need To Know in 2024

AIHR

billion by 2028 at over 10% compound annual growth rate. It offers a complete suite of HR applications to improve the employee experience and is focused on strategy and planning. Employee benefits are an essential aspect of compensation and are also managed in this system. Companies spend 15 weeks selecting an HRIS, on average.

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Your A-Z Guide of HR Acronyms & Abbreviations

AIHR

BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.” billion, with a growth rate exceeding 10% annually.

ROI 62
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Talent Acquisition

AIHR

Effective succession planning and succession management – With talent acquisition, businesses can plan ahead for the future and identify potential successors for critical roles. Your employer brand is much more than the compensation and benefits you offer to employees. annually by 2028.