Remove Compensation Remove Human Resource Information Systems (HRIS) Remove Onboarding Remove Succession Planning
article thumbnail

7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Contents What is Human Resource Management? What is a human resource? Succession planning 5. Compensation and benefits 6. HR Information Systems 7. HR data and analytics How has Human Resource Management changed and evolved? The 7 HR basics 1. Recruitment & selection 2.

article thumbnail

Job Outlook for Human Resources (HR) in 2023

AIHR

HR manages a spectrum of responsibilities, including recruitment , onboarding , training, employee relations, compensation , benefits administration, and compliance with labor laws. Succession planning : Prepares for contingencies by identifying and nurturing talent to fill key roles in the event of departures.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

AIHR

Example: Developing an algorithm that predicts what type of onboarding a new hire will need according to their experience and skill level.) For example, if you want to optimize succession planning, the right question could be, “Which employees have the highest potential for progression and leadership?”

article thumbnail

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

Walk Me

Companies also needed a feature to leverage employee records for succession planning as part of the workforce planning strategy. This is where human capital management (HCM) comes in. What Is Human Capital Management Software? But what other features do HCM software systems offer? Talent management.

article thumbnail

HRIS 101: All You Need To Know in 2024

AIHR

Effective HR management without a Human Resources Information System (HRIS) is virtually impossible nowadays, at least for companies of a certain size. Put simply, an HRIS offers basic data and workflow automation. Employee benefits are an essential aspect of compensation and are also managed in this system.

article thumbnail

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.” HR acronym usage example: “Our HRBP 2.0

ROI 62