Over 75 percent of turnover could have been prevented by the employer, according to a study of 240,000 exit interviews.
Instead of focusing on higher-value initiatives, HR professionals need to rely on spreadsheets and manual processes that are more expensive in the long run, not to mention putting the organization at serious risk of fines and lawsuits in the event of a data breach.
This highlights an untapped opportunity for organizations to achieve two goals that seem mutually exclusive: saving costs while improving the employee experience.
Strategic compensation management enables HR to:
Attract, retain and develop top talent to drive the organization’s business goals
Apply effective compensation management policies to meet complex configuration needs and an increasingly global environment
Improve control over budgets with advanced reporting and analytics
Remove the burden of manual processes on HR
Download this guide to optimize compensation management.
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