article thumbnail

What the Latest Research Says on How to Successfully Retain Your Employees

Lolly Daskal

Offering Competitive Compensation: While not the sole factor, compensation remains crucial. A SHRM study revealed that 63% of employees might leave their job due to compensation concerns. Regular market analyses ensure that pay scales remain competitive and fair.

Retention 324
article thumbnail

Compensation Planning in 7 Actionable Steps

AIHR

Thorough compensation planning allows your organization to create compensation systems that reward employees fairly and support business goals. What exactly is compensation planning, what are its objectives, and how do you go about compensation planning in practice? Contents What is compensation planning in HR?

Insiders

Sign Up for our Newsletter

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

article thumbnail

54 Employee Feedback Survey Questions To Ask (In 2024)

AIHR

Use open-ended and closed-ended questions and rating scales to collect more specific and detailed information. Category 3: Rating scales. 54 employee feedback survey questions to ask Employee pulse survey questions On a scale of 1-5 (with 5 being very satisfied), how satisfied are you with your current role?

article thumbnail

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

AIHR

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

article thumbnail

How an HR Operating Model Changes with Scale

AIHR

In this article, we’ll look at how the HR operating model evolves in a rapidly scaling company that goes from 40 to 400 employees in just three years. Changing HR operating model with scale. Year 1: 40 employees scaling rapidly to 100. Bring some order to how they manage compensation.

article thumbnail

A Guide to Compensation Analysis

AIHR

Compensation analysis is vital to providing fair, equitable compensation. Smart organizations know that providing the right compensation is one of the key pillars to attract and retain the best talent. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

article thumbnail

Compensation Analyst: All You Need to Know About the Role

AIHR

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?