Remove Compensation Remove Compliance Remove Inclusion
article thumbnail

14 Compensation Philosophy Examples [+ Free Template]

AIHR

In its simplest form, a compensation philosophy summarizes an organization’s guiding principles around employee salaries and benefits. Some companies do this exceptionally well, and you’ll find 14 of the best compensation philosophy examples below. Contents What is a compensation philosophy?

article thumbnail

13 ESG Metrics HR Leaders Should Use To Track Performance

AIHR

These metrics often include employee diversity and inclusion, human rights practices, community engagement, and even product safety. These metrics may include elements such as board composition diversity, executive compensation, anticorruption policies, and risk management practices. Governance metrics 12.

Metrics 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

People and Culture vs. HR: What’s the Difference?

AIHR

Diversity, Equity, Inclusion, and Belonging (DEIB) : Fostering a working environment that nurtures inclusivity and tolerance so everyone feels included and respected. Primary functions Recruitment Onboarding Compensation Benefits administration Performance management Employee relations.

Inclusion 104
article thumbnail

Your Ultimate HR Compliance Checklist for 2024

AIHR

HR compliance is at the forefront of all HR initiatives and is critical in helping minimize legal risks to an organization. The risk of non-compliance can be detrimental. Contents What is compliance in HR? Why is HR compliance so essential? Why is HR compliance so essential? Since 2000, U.S.

article thumbnail

How To Advance Your HR Career With Human Resources Professional Development (In 2024)

AIHR

In the past five years alone, the world has experienced a pandemic that has redefined where, when, and how everyone works; frequent regulatory changes that impact workplace compliance; social movements driving diversity, equity, inclusion, and belonging (DEIB); and the rise of the fourth industrial revolution, robotics and AI, and more.

article thumbnail

How to Create an Effective Compensation Philosophy

AIHR

A compensation philosophy guides your organization in creating fair, transparent compensation programs and helps you attract and retain employees. Learn about the different types of compensation philosophies, components of a compensation philosophy, how to create your own, and how to measure its effectiveness.

article thumbnail

Generative AI in HR: Examples & How To Successfully Start Using AI

AIHR

Onboarding During onboarding , AI-powered chatbots can act as virtual onboarding assistants to provide new hires with real-time support, answering questions related to company policies, compensation and benefits , requesting leave, and other vital information. However, trained data privacy experts were needed to interpret the output.