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How to Create a Well-Designed Salary Structure

AIHR

A salary structure outlines an organization’s approach to employee compensation levels for each job position within the company based on factors such as experience, education, skills, and responsibilities. There’s no one-size-fits-all approach – distinct types of salary structures have different benefits and challenges.

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What is Internal Equity and How to Address It

AIHR

This approach to compensation can benefit both employees and organizations by fostering a sense of fairness and promoting retention and motivation. To overcome this challenge, you can clearly communicate the benefits of internal equity and involve employees in the process of creating a fair and transparent pay structure.

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21 HR Roles in an Organization: A 2024 Overview

AIHR

HR uses strategies like strong employer branding , attractive compensation and benefits offerings, and carefully crafted job postings to attract top talent, hire high-potential candidates, and ensure the company has enough qualified employees to complete daily tasks and meet the long-term goals of the organization.

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6 Future-Ready HR Training Programs for 2023

Walk Me

They must deal with recruitment, employee relations, training and development, compensation, and benefits, among many others. Most employee respondents in a Lorman survey (59%) have reported that they did not receive any training at their workplace and instead acquired most of their skills through self-education.

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Core Competencies 101: Incorporating Across the Employee Lifecycle

AIHR

Unlike skills, which are individual attributes that change over time as technology, market demands, or job requirements evolve, core competencies represent the collective strengths and abilities of the organization. Skills can be acquired through training, education, or experience, while core competencies are broader and more encompassing.

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Talent Acquisition

AIHR

The work of the HR department includes hiring, onboarding , payroll and benefits, training and development of employees, offboarding , and more. That way, the talent hired is not only skilled and experienced but fits the core values of the organization and can be of long-term benefit. Bridging also acts as a strong retention strategy.

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Your A-Z Guide of HR Acronyms & Abbreviations

AIHR

BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.”

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