HR Applying Data Analytics to Compensation Decisions

There are few areas of human resources that seem to be more tailor-made for data analytics than compensation. Not only is employee pay by far the largest expense for most companies, but pay decisions themselves would benefit from more analytical rigor in many cases. The question is, why don’t more companies use data analytics when it comes to compensation?

Companies that crack the code on this question could get a leg up on competitors. The value of analytics to the compensation function lies in using this insight to make better and more fact-based decisions about compensation and to make sure those pay decisions have the intended effect on employees and the business as a whole.

by Joanne Sammer

Full Story: http://businessfinancemag.com/article/applying-data-analytics-pay-decisions-0408

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Inteneo Systems – Big Data/Business Intelligence Expertise from Big Sky Country http://www.inteneosystems.com 406-531-8119

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