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Top 10 Must-Haves for a Compensation Management System

HRsoft

Businesses who view compensation as a strategy are often more successful at both attracting and retaining their talent, and one of the key drivers in achieving this goal is an effective compensation management system. The landscape of compensation management has evolved significantly in recent year.

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How To Develop A Compensation Strategy

HRsoft

It can be easy to get bogged down with data that plays a critical role in your company, potentially missing opportunities to improve the heart of your operations. Compensation is one area that you can’t afford to overlook. Why Is Having A Compensation Strategy Important? What Are The Different Types Of Compensation Strategies?

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Enhancing Your HR Reporting with Centralized Hiring Data

JazzHR

Although it may be challenging to find the time , collect ing , analyz ing , and tak ing action on HR data to ensure your business can make informed decisions is critical. “New HR professionals … are just starting to dip their toes into data,” Employee Cycle CEO Bruce Marable wrote for SHRM.

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Workers’ Compensation for Small Business: The Stress-Free Guide

Homebase

Workers’ compensation for small business employees can feel overly complicated, dauntingly official (see: fines and liability), and pretty darn expensive. Here’s everything you need to know about workers’ compensation. Homebase has partnered with Next Insurance to create Pay-As-You-Go Workers’ Compensation. the basics.

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Tips for Mastering Off-Cycle Compensation Adjustments

HRsoft

In the realm of compensation management , off-cycle adjustments often arise as necessary measures to address unique circumstances, such as promotions, market changes, or exceptional performance. Effectively managing off-cycle compensation adjustments is crucial for maintaining employee satisfaction, motivation, and retention.

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How Innovative Compensation Tools are Helping Companies Acquire Talent

Recruiting Daily

This is why many are investigating innovative ways to gain a competitive advantage, such as technology platforms that allow them to analyze compensation data and craft offers that have a better chance of landing new hires. Although the labor market has cooled in recent months, recruiters still face a ferocious battle for talent.

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Data-driven business decisions: the foundation for growth

Workable

Data is all the rage these days, with storage expected to reach 175 zettabytes by 2025. That’s according to Deloitte , and emphasized by Avinash Tripathi , a leading figure in analytics who has observed that explosion of data throughout his long career. In short, we’re going data-first. That’s an absolute lot.

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