Remove 2021 Remove Compensation Remove Recruitment
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Why We Need a Renewed Focus on Employee Engagement in 2021

15Five

It’s even more true today in 2021. As Scott Hamilton, global managing director for the human resources and compensation consulting practice at Gallagher told CNBC: “This is one of the most complex labor markets in recent memory. But with more people now working remotely, those office perks aren’t much help for recruiters.

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Is an Open Compensation Policy a Good Idea?

Zenefits

To increase trust and improve transparency, some companies adopt an open compensation policy. Here are a few of the big advantages that come with an open compensation policy. For example, AAUW reported in 2021, women still made only 83% of what men earn. Consider your company culture before you introduce open compensation.

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How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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Top 15 Compensation Management Tools in 2021

Vantage Circle

Companies consider several factors when deciding on a compensation planning tool. In layman’s terms, compensation management software allows an organization to plan and administer employee compensation packages in an organized manner. CURO Compensation. Compensation Plan Modeling. Compensation Statements.

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A Guide to Planning Your HR Budget for 2022

AIHR

Creating a budget to cover the expenses of recruitment, hiring, training, salaries, benefits, and more is in your company’s best interests. 2022 may be heavy on the recruitment focus. Even a small business can underestimate the costs of recruitment, hiring, training, and other measures to provide a great experience for employees.

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What Is a Flight Risk Employee and How to Spot the Signs

AIHR

million available jobs in April 2021. Lack of career development & advancement: According to Mckinsey’s 2022 Great Attrition report , the number one reason respondents quit between April 2021 and April 2022 was because of a lack of career development and advancement opportunities made available to them.

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SMART Goals For HR professionals- A Quick Review With Examples

Vantage Circle

HR departments have different functions, including hiring new staff, managing employee performance, training, development, improving culture and employee experience, succession planning, compensation, and benefits. It is time to take a step back, review your achievements in talent acquisition , and set new recruitment targets.