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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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11 Important Employee Relations Metrics To Track

AIHR

Benchmarking : Compare turnover rates with industry standards to assess whether your rate is above or below average. Retention rate of top performers Why it’s important : Retaining top performers is critical for maintaining a competitive edge and ensuring continued organizational success.

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

AIHR

When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages. You do this by identifying employee needs, negotiating deals with vendors, managing costs, and ensuring compliance. Plus, compliance features help mitigate legal risks, and audit trails increase transparency.

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HR Tech Stack: A Practitioner’s Guide

AIHR

Payroll software automates and manages on-time payments to employees while ensuring accuracy and compliance with applicable tax and financial regulations. Algorithms measure your top performers’ qualities and create a custom, ideal profile for each position. Performance management software. Payroll solutions.

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21 Highest-Paying HR Jobs in 2023

AIHR

They assist employees in adjusting to work changes like having new health care benefits or performance review procedures. Market research and benchmarking: Research and analyze compensation trends to ensure the company’s compensation packages are competitive within the industry.

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What HRIS Systems Are Best for Small Businesses?

Zenefits

Improved compliance. Automatically apply policies to ensure compliance with company and regulatory rules. Reduces errors and helps you stay in compliance. You also want a system that provides the detailed reporting and archiving you need for compliance. Helps with payroll, HR, and legal compliance requirements.

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The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

AIHR

Because sales compensation plans play a vital role in attracting and retaining top sales talent, HR needs to know how to design a competitive and appealing compensation structure that offers attractive incentives and rewards to drive performance and sales results. Contents What is sales compensation?