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The 7 Core HR Processes: Your Ultimate 2024 Guide

AIHR

Core HR processes include recruitment, employee onboarding , training and development, performance management , compensation and benefits , employee relations , and compliance. HR process example: Performance appraisals HR works closely with managers to set performance criteria and benchmarks.

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What Is Compensation Management and What’s HR’s Role in it?

AIHR

Objectives • Attract top talent • Improve employee satisfaction • Align pay and benefits to performance and outcomes • Strive for fairness and transparency • Reduce churn rate / increase retention. When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages.

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HR OKRs: All You Need to Know [With 11 Examples]

AIHR

Move compensation to 70% of the industry benchmark. Talent Management. Performance Management. Have at least three touchpoints will all managers on continuous feedback. Achieve 95% completion rates for performance management reviews by Q4. HR Compliance. Manage risk effectively.

KPI 145
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Why Is Human Resources Important? 8 Top Reasons

AIHR

The primary functions of HR include recruitment and hiring, employee onboarding , managing employee benefits , payroll, employee relations, handling workplace issues and conflicts, and ensuring compliance with labor laws and regulations. Compensation and benefits management through offering fair and competitive pay and benefits.

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HR Audit: Everything You Should Know to Get Started

AIHR

Conducting an HR audit helps ensure you are setting your employees and your business up for long-term success and compliance. An HR audit reviews the human resource processes and policies to identify areas that may need improvement and what areas are performing well. Ensures corporate compliance. Types of HR audit.

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HR Business Partner Model

AIHR

Think, for example, of services such as: Payroll Employee data management Benefit and leave administration Recruiting operations Learning services. Then, there are the functional competencies relevant for any (aspiring) HR Business Partner: Talent management Performance management Compensation and benefits Understanding HR value chain.

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HR Tech Stack: A Practitioner’s Guide

AIHR

These tools digitalize certain tasks to help HR professionals better manage their workloads across different areas of Human Resources, such as recruitment, benefits administration, and performance management. Algorithms measure your top performers’ qualities and create a custom, ideal profile for each position.