article thumbnail

How To Determine Your Employees’ Salaries

Hppy

Following the banking crisis of 2008, global wages entered a prolonged period of real term stagnation. Salary Benchmarking. Salary benchmarking is when an organisation looks at what other similar organisations pay their employees and then works out a median. How Much To Pay Your Employees in 2022.

How To 91
article thumbnail

2016 Turnover Rates by Industry

Compensation Force

And for a bit of historic perspective, going back to the first data set we featured here in 2008. . . . . . . . . . . . . . . . If you aren't already familiar with their Benchmark Pro and other survey products, please check them out!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Absenteeism Rate Explained | Formula & Meaning of Absence Rate

Analytics in HR

In this article, we will explain the absence rate, how to calculate this rate according to ISO norms, and give some benchmarks on what a healthy and a high absenteeism rate looks like. Other metrics include the total number of absence days and absence cost. Contents What is an absenteeism rate? How to calculate an absenteeism rate?

article thumbnail

Workday Research: European Employees Seek New Skills and Opportunities in a Post-Pandemic World

Workday

And while the gradual easing of lockdown restrictions in Europe will slowly see rising employment levels, as they did following the 2008 financial crisis, attention has now turned to the future workforce to ensure both businesses and their employees are not left behind. There were 5.2 Employees Keep Options Open—Despite Trust in Leadership.

Workday 31
article thumbnail

Easy Ways to Improve Your Healthcare Recruiting Process

Hireology

When I first heard this phrase our country was in the throes of the 2008 / 2009 financial crisis and things looked very bleak for our country. Performance metrics allow you to better understand how efficiently your business is (or isn’t) running and whether you are adequately staffed to the appropriate levels to accomplish your goals. .

article thumbnail

What Is Change Management?

Replicon

Cons: The model can only be used after extensive research and benchmarking are done making it a longer affair. Economist Richard Thaler had introduced the theory in 2008. And, it can be a daunting task to optimize productivity and efficiency without real-time insights into key metrics.

article thumbnail

iCIMS - Technology for Induction - and ensuring Quality of Hire ~ HR.

Strategic HCM

There are two issues I think recruiters, and other HR professionals, need to understand in order to get to grips with this more important objective / metric. Induction Reports: Measure global metrics on HR productivity and key performance benchmarks. ► 2008. ► August. (9). ► July. (20). ► June. (14).