article thumbnail

OKRs vs. KPIs: The Key Differences & Use (With Examples) 

AIHR

This framework fosters alignment, accountability, and innovation within organizations, driving success across industries. Accountability: OKRs facilitate accountability within HR by establishing measurable outcomes and timelines for achieving them. Continuous improvement: KPIs serve as benchmarks for your performance.

KPI 102
article thumbnail

How to Evaluate Your Compensation Plan

Zenefits

Benefits and other programs beyond wages account for an average of 31.2% of total compensation, according to the Bureau of Labor Statistics. Simplify benefits administration. Simplify benefits administration. Benchmarking. Benchmarking needs to go beyond pay. Retirement : 401(k), matching contributions, pensions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

5 Steps to Choosing the Right Employee Engagement Software for Your Business

15Five

Does it also help you streamline administrative tasks ? Look for a platform that creates a smooth experience for employees and administrators. For example, does the tool have dedicated account managers who support your business? For example, does the solution offer employee engagement features, such as performance reviews ?

article thumbnail

HR Has a Bad Reputation: 6 Actions To Improve HR Credibility

AIHR

Whether this has been due to a lack of feedback during a recruitment process, an administrative error when changing employee details leading to lack of payment, or not feeling adequately supported through HR advice. If you look at marketing and administration, HR is always the smallest little slither of the pie chart.”

Metrics 101
article thumbnail

Compensation Analyst: All You Need to Know About the Role

AIHR

Benchmarking jobs against data collected and market intelligence to determine competitive compensation for each role. This provides a solid foundation through courses in business administration, finance, accounting, psychology, and HR. Preparing and presenting reports of job and compensation analysis.

article thumbnail

The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

AIHR

Compensation structures establish clear goals, determine the right mix of fixed and variable pay , and create benchmarks that motivate salespeople to achieve targets and contribute to business growth. Key accountabilities: Key accountabilities outline the core responsibilities and objectives of the position.

article thumbnail

What HRIS Systems Are Best for Small Businesses?

Zenefits

A human resource information system (HRIS) is software for HR administration that unifies various processes into 1 platform, including: Hiring. Benefits administration. While every business needs to organize and manage its HR administration, small businesses have some unique concerns. Account provisioning. Onboarding.