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In fact, the HR field is expected to feature even more prominently in the future of work, as the HR manager position is predicted to grow by 7% through 2031. Set up new HR leaders for success As more organizations embrace people-centric cultures, the HR leader position will remain critical.
Compensation and benefits : HR ensures that employees are well cared for by giving them competitive salaries and benefits. According to the US Bureau of Labor Statistics, the employment of HR specialists and HR managers in 2031 will increase by 8% and 7%, respectively, illustrating the demand for HR professionals within the field.
As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Administers employee benefits and compensation that enhance employees’ satisfaction and financial security.
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