Business Final

Class notes (performance planning and evaluation)

39% increase in productivity

Most organizations are moving towards continuous feedback, as opposed to annual, and 1-on-1 meetings for evaluations

Class notes (compensation and benefits)

Direct and indirect pay

More people receive benefits than pay into them

30% of total compensation is made up of benefits/ indirect

Class notes (HR outcomes)

AI increasingly used to analyze employee retention

Only 20% of employees with remote-capable jobs show up for work in-person

Class notes (Retention/ turnover)

30%-50% increase in cost for training new employees

200%+ extra cost for specialized positions to be trained

Flexible work environment increase employee satisfaction; decrease turnover

High pay and similar values increase retention