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Compensation vs. Salary: Make the Difference Work for You

Zenefits

After you have selected the perfect candidate for a position, it’s time to offer the compensation package. This package commonly includes both annual compensation and annual salary. This is all relatively straightforward, but the distinctions between compensation vs. salary are meaningful for both employee and employer.

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Why is Compensation Planning a Critical HR Process?

Zenefits

With such a large expense account for employee compensation , a solid compensation strategy is a no-brainer. Proper compensation planning is essential to ensuring you are rewarding the right people for the right input. What are vital considerations in compensation planning? Assists you in hiring top talent.

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ESG and HR: What You Need To Know and Where To Start

AIHR

In this article, we explore how environmental, social, and governance (ESG) requirements are changing the role of HR and highlight the opportunities on the horizon for HR leaders and professionals as part of the ESG agenda. Governance Governance refers to how the company is managed.

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Embedding Racial Equity in Your Business Strategy

Mind Tools Strategy

If you believe solving racism is best left to governments, think again. Every society has centers of influence, such as education, religion, healthcare, and government. Sixty-one percent of respondents said they trust business, ahead of NGOs at 59 percent, government at 52 percent, and media at 50 percent. What Is Racial Equity?

Diversity 105
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Hierarchy Culture: An Informative Guide for HR

AIHR

Employees know their place in the chain of command – who’s accountable to them, who they report to, and what the rules are. Usually, companies in high-risk industries, like oil and gas, healthcare, and government institutions, benefit from this type of corporate culture. Fine-tune your compensation strategy. A final word.

Banking 127
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Pay Transparency: Experts Weigh in on What HR Can Do

AIHR

So, should HR professionals pay more attention to how pay transparency works, the pros and cons of a pay transparency strategy, and how to implement a pay transparency policy? The longer organizations take to implement true pay transparency policies, the more talent they are likely to lose to other businesses already following best practices.

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Understanding and Planning for the Upcoming Safe Harbor 401(k) Deadline

Zenefits

The government wants to make sure that everyone — not just highly-compensated employees — gets to participate in a meaningful way. The IRS has set up a series of what it calls “nondiscrimination” tests that are designed to measure whether a 401(k) plan unduly favors highly compensated employees. No account yet?