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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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Your Ultimate HR Compliance Checklist for 2024

AIHR

This includes employment areas such as recruitment and hiring practices, compensation and benefits , workplace safety, employee classification, records retention, non-discrimination and anti-harassment policies , and labor relations. Compensation and benefits Payroll: Ensure tax compliance related to withholdings and reporting.

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How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws

Zenefits

Pay disclosure mandates will likely gain traction in more jurisdictions, which means employers must be ready to change their compensation policies and even their recruitment practices, if necessary. More government intervention. Improve our virtual onboarding experience. Improve our virtual onboarding experience.

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What Is Compensation Management and What’s HR’s Role in it?

AIHR

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

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6 Common HR Challenges and How to Approach Them

Vantage Circle

This is one of the top priorities of a human resource specialist; compliance with government rules. Approach : To ensure this, all HR teams must continuously refer to the governing corporate rules in their respective country. Compensation. The compensation is an area that HR personnel gets questioned most frequently.

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Cost of Living vs. Cost of Labor — Is There a Difference?

Zenefits

Cost of living: a government-based metric using economic factors that look at how people spend money to live their day-to-day lives. These calculations are going to result in a significant government expense. Active government employees may receive COLAs as well. Improve our virtual onboarding experience.

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HR Generalist: All You Need To Know About the Role

AIHR

These professionals tend to be the first HR hire in most companies, get involved in recruitment, compensation, admin, and more, and develop deep insights into their organizations. They cover most HR functions, including talent attraction, hiring, training and development, employee engagement and performance, and compensation and benefits.