Remove 2003 Remove Analytics Remove Benchmarking Remove Compensation
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5 Best Compensation Planning and Analysis Tools in 2021

HR Lineup

Compensation in HRM, especially planning and analysis, is a crucial procedure that should be handled effectively to determine every employee’s compensation. With this compensation strategy, it is easier to structure performance-based benefits as well as streamline payment adjustments. Our List of Best Compensation Tools in 2021.

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12 Organizational Health Metrics HR Should Know

AIHR

In addition, Mckinsey found that between 2003 and 2011, healthy companies generated returns to shareholders that were three times higher than unhealthy companies. If employees are happy at work, feel they are well compensated, and have opportunities to grow and progress within the company, why would they leave? Absenteeism rate.

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19 Recruiting Metrics You Should Know About

AIHR

Recruiting metrics are an essential part of a data-driven hiring and recruitment analytics. Time to hire by industry benchmark. To calculate the utility of these tools, take a look at this article by Stuurman (2003) on the ROI of selection tools. A low rate is indicative of potential compensation problems. Source of hire.

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Part I - Malaise in the Employee Rewards: What’s Going On?

Compensation Cafe

Sales compensation has always been a different beast: it has different buyers and economic cycles than employee rewards, and sales incentives constantly evolve to meet new business needs. I think the prime culprit is practitioner obsession with benchmarking as the key to rewards design. It asks how we can look like everyone else.

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23 Recruiting Metrics You Should Know

AIHR

For that reason, you should be a little bit careful when interpreting the time to hire benchmark we included below. A simple way to do this is by using Google Analytics to track where the people who viewed the job opening on your website actually came from. A low rate might be indicative of potential compensation issues.

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Curbing Employee Turnover Contagion in the Workplace

Visier

The deadly 2002-2003 SARS outbreak remained an epidemiological mystery for over a decade. To determine if you have a turnover problem, use people analytics to look at your turnover rate and drill down by role, regions, teams, and departments. So pay particular attention to levels of attrition within these groups.