Working in the human resources (HR) department can be quite demanding and challenging. You must learn different HR competencies to succeed as an HR generalist or benefits administrator. Some days, you are recruiting and interviewing candidates. On other days, you resolve employee conflicts or ensure the company complies with employment laws. The job requires you to take on various roles and understand the ins and outs of human resources. That said, knowing the basic HR competencies will help you become better at your job. HR Competencies: An Overview of Skills Needed for HR Roles For you to su... view blog & white papers details

The skills people have today are becoming more diverse to adapt to the dynamic labor market. Industries now demand skills and competencies that didn’t exist before COVID-19 and the boom of digital culture. That said, it is important to make an inventory of your skills so employers know what you can bring to the table. This article walks you through the process of creating a skills inventory for yourself. It suggests formats you can use and discusses actions you may take once you have a clear picture of the skills people have. Knowing your skill set inside and out is an advantage in today’s com... view blog & white papers details

Every company needs outside help sometimes. HR teams juggle recruiting, payroll, compliance, and a host of other tasks. There is a myriad of tasks to keep track of, making it easy for things to fall through the cracks. That is why there is HR management services. They provide extra hands and expertise to support the in-house HR functions. The Evolution of HR Management Services HR management has evolved far beyond its usual functions. Today, it covers diverse roles like talent acquisition, training, and performance management. It also involves tasks like employee engagement, legal compliance, ... view blog & white papers details

Today, attracting and retaining top talent has become a major challenge for companies. Pay is a key factor affecting a company’s hiring power. It also plays a vital role in maintaining a competitive edge in the labor market. Companies aim to balance rewarding performance and aligning their pay practices with business goals. This leads them to adopt the strategic approach of Enterprise Compensation Management (ECM). What is Enterprise Compensation Management? Enterprise Compensation Management (ECM) is a strategic approach to managing employee pay. This includes the methods, systems, and plans ... view blog & white papers details

Employees are a vital part of business. Without a doubt, they make or break a company. through their everyday performance in the workplace. For this reason, most firms use a performance-based approach when it comes to compensation. A performance-based approach works wonders to urge better results from the workforce. by not only helping the firm but also providing rewards for employees. What is Performance Compensation Management? Compensation professionals also refer to it as performance-based pay or pay-for-performance. It is an approach that links an employee’s performance to their compensat... view blog & white papers details

The advancement in technology also comes with risks. In addition, massive volumes of data are in danger from cyber-attacks. For this reason, companies should be more vigilant and, on a constant look out for threats. For companies, handling data is a risky business. Especially for the HR team. This is because they hold tons of sensitive data about the whole workforce. This includes a worker’s compensation and other vital data. As a result, they play a critical role in keeping it safe. What is Cybersecurity? This is the practice of protecting systems such as data, hardware, and software from cyb... view blog & white papers details

Streamlining your compensation management strategy will provide significant benefits for your organization. The process involves the following: Evaluating the current compensation structure, policies, and practices. Finding areas for improvement. Creating strategies to simplify and automate the compensation management process. By streamlining compensation management, HR teams can reduce administrative burdens, improve efficiency, improve employee experience, maintain a competitive edge in the market, and ensure consistency and fairness in pay practices. Maintaining fair pay practices will help... view blog & white papers details

The Josh Bersin Definitive Guide to Pay Equity is a global industry report commissioned by Salary.com. Part three of the guide explores the Pay Equity Maturity Model. This is a four-level model. Different companies find themselves at different points in their pay equity journey. Astonishingly, 50% of companies find themselves at the bottom and only 5% at the top. In this article, we discuss the key characteristics of each maturity level, what percentage of the market falls into each level, and the benefits or drawbacks a company in each level can expect. Level 1: Compliance-Driven Process (50%... view blog & white papers details

Economic conditions and the job market are constantly changing. These changes affect how you’ll recruit, retrain, and pay your employees. Are you offering competitive compensation? If you’re not paying enough, you could lose valuable employees. If you’re paying too much, you’re wasting company resources. When changes happen, you’ll need to adjust your pay practices accordingly. Unfortunately, adjusting compensation isn’t a quick or easy job. It takes in-depth research, analyzing, and updating. What’s the best way to go about this? Understanding Market Value and Pay Practices The first step in ... view blog & white papers details

You've completed your pay equity audit! Congratulations, it's a big deal.* You were surprised to find that you may have some pay equity issues. Most organizations do. It's not your fault. It's what happens when many humans make lots of hiring decisions about other humans and jobs over time. And since your pay equity analysis changes every time someone comes or goes, there's no way to achieve perfection then keep it that way. Pay equity is not a solid state. What matters most is what you do next and how you handle it. Call Legal You want your employment lawyer involved with the audit to protect... view blog & white papers details