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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? Why is compensation planning critical for HR?

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Compensation and Benefits

AIHR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

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12 Organizational Health Metrics HR Should Know

AIHR

If employees are happy at work, feel they are well compensated, and have opportunities to grow and progress within the company, why would they leave? Benchmark data will help with this. A good or bad new hire fail rate will depend on your industry and the job market, but anything over 30% suggests a cause for concern.

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15 Employee Retention Metrics for HR To Track

Vantage Circle

They help companies make improvements to retain their valuable employees, enhance their reputation, and gain a competitive edge in the market. Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmarking against industry standards. Analyzing historical data.

Metrics 59
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15 Employee Retention Metrics for HR To Track

Vantage Circle

They help companies make improvements to retain their valuable employees, enhance their reputation, and gain a competitive edge in the market. Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmarking against industry standards. Analyzing historical data.

Metrics 52
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15 Employee Retention Metrics for HR To Track

Vantage Circle

They help companies make improvements to retain their valuable employees, enhance their reputation, and gain a competitive edge in the market. Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmarking against industry standards. Analyzing historical data.

Metrics 52
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What You Need to Know about 401(k) Plans and Cryptocurrency

Zenefits

When looking to differentiate their compensation packages and attract top talent, many HR managers and business owners are asking themselves a question that would have been laughed at 5 years ago: Should your 401(k) plan offer cryptocurrency investments? After all, crypto assets are known for instant gains and losses — not long-term holdings.

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