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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

For example, a financial services organization used people analytics to considerably improve its workforce planning process. Did you lose a key employee or department, and the overtime is to compensate for this? However, once organizations start using analytics effectively, they can make decisions that have a far-reaching impact.

COMPAS 75
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16 Essential HR Metrics Not Enough Companies Monitor

Ongig

Beyond the financial impact, attrition also affects workplace morale, culture, company outlook, and revenue growth. Number of peer bonuses given Compensation metrics People’s motivations are greatly influenced by money. Over $1 trillion is spent yearly in the US due to employee attrition. That’s a large but real stat.

COMPAS 59
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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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AI 101: What is Artificial Intelligence and What Does It Mean for HR?

Visier - Talent Acquisition

Sabre combined lagging indicators, like compensation ratios and team makeup, with Visier’s predictive analytics to create a scale for high-performing employees at risk of exit. This was the problem faced by Pitney Bowes , a technology company that provides solutions in the areas of ecommerce, shipping, mailing, and financial services.

COMPAS 52