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What is HRIS (Human Resource Information System)? Know Its Benefits And Functions

Vantage Circle

What is the Human Resource Information System (HRIS)? An HRIS or Human Resource Information System provides a shared repository of employee data and statistics that help HRM (human resource management) carry out HR formalities. Compensation management.

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What is HR Analytics? All You Need to Know to Get Started

AIHR

In the past century, Human Resource Management has made a dramatic shift from an operational discipline to a more strategic one. The popularity of using the phrase Strategic Human Resource Management exemplifies this. The data-driven approach that characterizes HR analytics is in line with this development.

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Defining HR Audit, it’s Purpose, Types, & The Checklist

Vantage Circle

These can be policies, processes, procedures, documentation, and systems. In ascertaining these, an HR Audit looks into the various fronts of human resource personnel's work. Compensation Plan. Ensuring compliance of the company's working with the governing laws. For every operation audited, know the mission.

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

Walk Me

Talent management systems contained within HCM software exist to support companies in managing leadership development, performance, and compensation management. Companies often utilize talent management automation to speed up operations. Compensation management. Involve your staff through employee self-service.

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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. HCROI: Human Capital ROI Human Capital ROI is a metric that represents the financial value employees contribute compared to the money spent on them, including compensation, talent management, training, etc.

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