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Why Your Organization Should Use Salary Benchmarking

Harvard Business Review

A key solution lies in salary benchmarking — using aggregated market data to establish competitive pay rates. payroll processing company revealed that access to robust benchmarking tools doubled the probability of firms setting the “right” salary. That means employers must find new ways to determine appropriate compensation.

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What HRIS Systems Are Best for Small Businesses?

Zenefits

In this article, we’ll explain what HRIS systems do, their benefits, and how to find the best HR software for your business. Benefits administration. There are several benefits for small businesses when using an all-in-one HRIS system , including: Time savings. Improved compliance. Employee management.

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Human Capital Management (HCM) Software For Enterprises In 2022 & Beyond

Walk Me

These are some of the human capital management software (HCM) goals. So what is human capital management software? On the surface, human capital and human resource management software (HRMS) appear to be the same. This is where human capital management (HCM) comes in. What Is Human Capital Management Software?

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Why Is Human Resources Important? 8 Top Reasons

AIHR

times more likely to report effective talent management? What is Human Resources Management (HRM)? The primary functions of HR include recruitment and hiring, employee onboarding , managing employee benefits , payroll, employee relations, handling workplace issues and conflicts, and ensuring compliance with labor laws and regulations.

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21 Highest-Paying HR Jobs in 2023

AIHR

Vice President, Talent Acquisition Salary : $283,000 – $498,000 Job description A VP of Talent Acquisition oversees a team of talent acquisition specialists tasked with recruiting candidates for executive and management positions. Leadership and management: Guide talent acquisition and recruitment teams to achieve hiring objectives.

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15 Employee Retention Metrics for HR To Track

Vantage Circle

Getting granular by department, tenure, salary band, and management relationship offers actionable insights. Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmarking against industry standards. As an HR professional, what retention metrics should you be tracking?

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Affordable Care Act Requirements for 2022-2023

Zenefits

Health insurance is one of the most critical decisions an employer or employee can make — but 56% of employees spend less than 30 minutes evaluating benefits. It is always important to review your state’s regulations and ensure there is not a special enrollment period before creating your compliance deadline calendar.