Rasmussen Impact of Compensation and Benefits Discussion
On average, companies spend 20-40% of operating costs onemployee-related expenses. These include employee wages, bonuses,insurance, and additional benefits. Manually tracking these expenses isvery labor intensive and has a high likelihood of errors.In this discussion, let’s address how a HRIS can be used to track andmonitor these costs. What are the benefits of using a HRIS forcompensation and benefits? How can a HRIS be used strategically todetermine the impact of these costs on an organization?
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