article thumbnail

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. Compliance : Some employee data is collected and stored for compliance reasons. Companies spend 15 weeks selecting an HRIS, on average.

article thumbnail

Your A-Z Guide of HR Acronyms & Abbreviations

AIHR

AOR: Agent Of Record An Agent Of Record (AOR) is a third-party service that handles all the necessary hiring and administration of independent contractors while ensuring full compliance. HR acronym usage example: “Understanding an employee’s FLSA status is crucial for compliance with wage and hour laws.” ” 25.

ROI 62