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Innovating Compensation and Performance Analysis: The Technological Edge

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Source: https://www.bing.com/images Nowadays, employees are demanding employers for better compensation and benefits that go beyond a salary raise. This leads to more companies creating a more attractive employment package for new hires and current employees alike. Compensation and benefits play a significant role in an employee choosing a job position and influences an employee’s motivation to work. The two terms go together but mean different things. Compensation is a reward paid to employees for their work in the company. It is usually monetary and is composed of different kinds of compensation such as the basic salary, performance-based bonus, and commission-rate remuneration. At the same time, benefits are non-monetary rewards given to employees for their work. These are the extra perks provided to employees, such as healthcare, insurance plans, paid vacation time, company car, free meals, and flexible work schedules. The benefits are often determined by the employee’s positio...
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Harnessing Technology: Revolutionizing Recruitment, Training and Skill Development

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Source: https://www.bing.com/images/search Finding enough “good” candidates is always the biggest problem when we talk to organizations.  For recruiting teams who struggle to handle mass recruitment, this is a major headache. Mass recruitment refers to the process of hiring a significant number of individuals within a particular time frame. This approach is often utilized when a company is rapidly growing or requires many new employees simultaneously, such as when opening a new branch or during peak periods in service industries. In contrast to low volume hiring, the mass recruitment procedure necessitates more preparation work and takes longer to choose candidates. Because of this, focusing more on hiring speed, automation, and efficiency is necessary for mass hiring, especially when it comes to getting rid of manual process that become unworkable at scale (Cappelli P,2001 ) . The solution to this will be supportive technology software and applications, which wil...
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Empowering HRM with Technology: Impact of Technology in Human Resource Management

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Source: https://www.bing.com/images/search The basic idea of technology is the use of tools, machines, systems, or methods to solve problems, improve efficiency, and enhance human capabilities. Technology can take many forms, from simple tools like the wheel or the plow to advanced systems such as computers, software, and the internet. Technology involves applying scientific knowledge to practical tasks, helping people accomplish things faster, more accurately, and often with less effort. It affects nearly every aspect of life, from communication and healthcare to transportation, entertainment, and education. Over time, technology evolves and becomes more integrated into our daily lives, driving innovation and changing the way we live and work. Technology has revolutionized the way businesses operate, and the field of human resources (HR) is no exception (Adi lgnatius) . Technology in HR refers to the use of digital tools, software, and systems to manage and improve various human...
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