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Technology Is Changing Human Resource Management – But Where Will It Go?

Hppy

Human Resource is one of those industries which does not quite make its way into science fiction books, and no kid grows up thinking of revolutionizing the technology inside this particular market. Therefore, a good question might be: what are the technological innovations that will drive human resource technology trends in the future?

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How to Address High Turnover With Retail Employees

Achievers

According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees. The highest turnover rates are for hourly employees: 65% of them will leave their jobs for greener pastures, and it costs a full 16% of their annual salary to replace them. . Share your comments below.

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How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. To learn more, download our white paper on uniting your workforce with a positive company culture.

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5 Startling Facts: Why Employee Feedback is Essential

Achievers

Encouraging employee feedback is a way of granting your workers power that doesn’t require adding to their salary or granting promotions. For more information on staying tuned in to your workforce, download our white paper on “ Taking the Pulse of Employee Engagement ”. Do you have any thoughts on this article?

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Why Finance and HR Should Have a Close Working Relationship

Hppy

Many organisations have a challenge in forging a good working relationship between the finance department and the human resource (HR) department. Finance officers or managers must go beyond considering employees as costs to determine ways through which they can improve profitability through human capital. Conclusion.

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Recruit Better: Employee Discount Programs and Taxes

HR Bartender

One very important partnership that we haven’t spent much time covering is the partnership between human resources and payroll. Jones] Employee benefits are typically any additional non-wage compensation provided to the employee beyond their typical salary or hourly wage. What are benefits, perks, and discount programs?

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The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually. Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold.