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In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one. Contents What is a compensation analyst?
Human resources specialists perform specific HR functions like recruitment, training and development, compensation and benefits, rewards, and employee relations. Compensation and benefits. Compensation and benefits specialists handle employees’ compensation and benefits. What is a human resources specialist?
A human resources specialist is in an entry-level role and is responsible for specific HR functions , such as recruitment, training and development, compensation and benefits , rewards, and employee relations. Their daily tasks most likely include some other HR activities, but their main focus is on their specialization.
Skills required to earn within the 75th percentile: Human resource expertise: Solid HR knowledge of talent acquisition, performance management, compensation and benefits, employee relations, talent development, and workforce planning. They design, implement, and monitor employees’ equity and compensation plans.
Employee retention : Monitor, analyze and report employee turnover rates Review compensation and scheduling guidelines to align with today’s workforce Plan and launch employee retention programs and initiatives to reduce turnover. If you’re interested in getting certified, check out our Strategic HR leadership certificate program.
Here’s how: Step 1: Get educated and certified While no specific educational background is needed to work as a recruiter, most recruiters have a degree in HR, businessadministration, psychology, or a related field. How to become a recruiter Interested in becoming a recruiter?
Conduct salary benchmarking : Research market data to ensure competitive and fair compensation practices. Many professionals come from backgrounds in psychology, businessadministration, HR management, or data analytics. Evaluate HR tools and systems : Assess the performance of HR software and suggest optimizations.
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