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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. which allows recruiters to offer salaries and benefits that stand the best chance of attracting and securing talent.

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Ask Visier: How Do You Determine if Your Organization Pays Equitably?

Visier - Talent Acquisition

Organizations with people analytics like Visier in place are in an excellent position to make more equitable and better compensation decisions. Compensation data is tightly guarded and often doesn’t get released to others in the company without approval from the CHRO, CFO, or increasingly, the Chief Diversity Officer.

COMPAS 52
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How to structure employee compensation

Workable

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation. Arbitrary figures.

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What is Compensation Management?

HRsoft

How to get more out of your compensation management efforts? Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. Compensation practices continue to evolve as economic factors, industry changes and employee demands transform.

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Recap of HR Technology Conference 2019

Visier - Talent Acquisition

In this environment, we use Visier to monitor our ‘consistent stars’, to understand them in these dimensions: 1) Time Since Promotion, 2) Compa Ratio, 3) Career Path. Visier helps us to decide in whom we must invest more [from] a compensation, talent development, recognition and benefits perspective.

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What is People Analytics and How Do I Get Started?

Visier - Talent Acquisition

While many organizations have digitized their transactional HR functions with tools like Applicant Tracking Systems (ATS), digital engagement surveys, and your Human Resources Information System (HRIS), the benefits of digital HR have not yet been felt on an organization level. Why are you overspending on your overtime budget?

COMPAS 75
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16 Essential HR Metrics Not Enough Companies Monitor

Ongig

It covers all expenses related to headcount, salary, benefits, workforce overheads, and hiring and training new employees. Number of peer bonuses given Compensation metrics People’s motivations are greatly influenced by money. The key to reducing turnover is to make employees feel valued for their work.

COMPAS 59