article thumbnail

Compensation Philosophy: The “Why” Behind the Paystub

Zenefits

A compensation philosophy is an integral part of what makes a business tick. Expectations have changed, and competitive compensation has a vital role to play. In the current climate, employers are particularly dependent on salary survey data to determine what kind of compensation package to offer job candidates.

article thumbnail

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. Strategic planning: Support the company with the development and administration of strategic business plans.

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

7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Succession planning 5. Compensation and benefits 6. Driving strategic planning: HR works with senior leaders to keep the HR strategy in line with the organization’s objectives. This enables the HR team to identify talent gaps and create workforce plans to then proactively find the right talent for the right position.

article thumbnail

21 Highest-Paying HR Jobs in 2023

AIHR

Skills required to earn within the 75th percentile: Human resource expertise: Solid HR knowledge of talent acquisition, performance management, compensation and benefits, employee relations, talent development, and workforce planning. They design, implement, and monitor employees’ equity and compensation plans.

article thumbnail

From Compliance to Talent Management: The 15 Essential HR Responsibilities

AIHR

Strategic role: Strategic planning and business alignment 2. Growing the business: Workforce planning, recruitment, and selection responsibilities 4. From developing and implementing strategic plans to ensuring legal compliance, HR professionals must be able to manage and execute a wide range of responsibilities.

article thumbnail

What Is Job Leveling? 9 Implementation Steps To Take in 2024

AIHR

Job leveling is a system that defines an organization’s roles, corresponding job descriptions, responsibilities, career paths, and compensation ranges. Setting a job leveling framework helps organizations group similar job types and sets comparable qualifications and compensation for those roles across the organization.

article thumbnail

Job Outlook for Human Resources (HR) in 2023

AIHR

HR is evolving from administrative tasks to leading in strategic planning, supporting employee wellbeing, and enabling tech integration. HR manages a spectrum of responsibilities, including recruitment , onboarding , training, employee relations, compensation , benefits administration, and compliance with labor laws.