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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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People Analytics Strategy: 9 Tips for Smooth Implementation

AIHR

Collecting and assessing this type of data has previously been referred to as HR analytics, talent analytics, or workforce analytics. We discuss the tips for implementing a people analytics strategy in detail below. To effectively implement people analytics, you need an action plan. Why you need a people analytics strategy.

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How to estimate the complexity of organizational change and the effort required to implement it. (METHODS + EXAMPLES)

Wendy Hirsch

Key Points An accurate understanding of the complexity of a workplace change leads to better strategic and tactical decisions in support of successful change implementation. A failure to recognize the full significance of a workplace change is at the heart of many challenges faced in organizational change implementation.

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What is Internal Equity and How to Address It

AIHR

As HR professionals, it’s our responsibility to ensure that every employee is compensated fairly and justly based on their skill set, responsibilities, and experience level. This approach to compensation can benefit both employees and organizations by fostering a sense of fairness and promoting retention and motivation.

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7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Compensation and benefits 6. Referring to people as ‘human resources’ in the business environment of today can feel weird and outdated. Various HRM practices, therefore, aim to implement effective performance management systems, set clear job expectations, and provide regular feedback, among other things. The 7 HR basics 1.

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Compensation and Benefits

AIHR

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. This money is subject to taxation.

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Your Guide To Creating a Salary Increase Letter (Plus Free Template)

AIHR

A salary increase letter helps to ensure transparency between the employee and the employer around compensation. According to a recent Glassdoor survey measuring key drivers of employee satisfaction , culture, and values topped the list at 18.4%, with compensation and benefits coming in last at 10.9%.