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How to Handle Compensation During a Recession, from New Hires to Pay Raises

SHRM Organizational Development

It’s imperative for HR leaders to keep abreast of labor market changes and appease those concerns by clearly communicating about salaries, raises and job stability. Fears of a looming recession could have a positive or negative impact on compensation, so.

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Employee Retention: The Key To Driving Cost Savings And Fighting Inflation

Chief Executive

In today’s highly competitive labor market, proactively tapping known internal talent from both full-time and contingent pools can help organizations avoid the rising costs associated with new hires. Of course, retention-related cost savings aren’t just from salaries.

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Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. And that’s the beauty of fungible talent – when it’s done right, it creates an environment where employees can thrive while organizations increase creativity, improve retention rates and become more responsive to market changes.

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Overstaffing: Why It Happens and How To Avoid It in 5 Steps

AIHR

Unpredictable economic conditions : In times of economic uncertainty, such as market downturns, companies often face the challenge of balancing their workforce to align with business needs. Workforce constitutes a significant chunk of organizational expenditures, encompassing salaries, benefits, and other compensation-related expenses.

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Key Human Resources (HR) Pillars: Your 101 Guide

AIHR

A department : The HR department manages all HR activities, including recruitment, onboarding, compensation, development, performance management, and employee relations. The overarching ‘roof’ of HR While HR strategies define the various logistics of HR-related functions (recruitment, compensation and benefits, training and development, etc.),

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Human Resources Director: Job Description, Skills & Salary

AIHR

Being a mediator between the management and staff in conflicts or disputes, as well as the ever-evolving employment laws and changes in the labor market, adds to the uniqueness and complexity of this role. It covers topics like hiring and retention of employees, employment law and compliance, compensation, and benefits.

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Talent Acquisition vs. Recruitment: The Differences and HR’s Key Role

AIHR

It also impacts employee retention. Creating brand awareness for the company as an ideal workplace to attract high-quality candidates that match the company’s vision and values Recruitment marketing. Was the employee happy with their role or the organization? What is recruitment?