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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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HR Compliance: A Practical Guide

AIHR

We’ll dive into four: Statutory compliance: This compliance is about implementing and adhering to government legislation around employment and the workplace. Especially if your business operates across multiple cities and states or you have remote workers, you must understand and comply with these laws. For example, the U.S.

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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.

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

Vantage Circle

Employee Onboarding. Compensation Plan. Ensuring compliance of the company's working with the governing laws. For every operation audited, know the mission. Policy audits are also necessary to ensure that each of them has full compliance with the governing legal norms. Benefits & Compensation Package.