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Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. SHRM and ANSI define this additional cost-per-hire metric. The RCR formula is: You may include total annual compensation before new hires complete their first year. This metric can be more useful than CPH.

Align Your Compensation Strategy with Business Priorities

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. Use real-time salary surveys, webinars on compensation, and content shared by experts in this area to become educated. Tess C.

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How do Compensation Planning Tools work?

HRsoft

Compensation today has moved far beyond the mere exchange of money for talent (or time). A high quality compensation plan must be able to: Make the most of each budget allocated to each department and employee. What Makes a Compensation Plan Strategic?

Executive Compensation 101: What to Consider

HR Daily Advisor

How do you decide the appropriate level of compensation? How do you align executive compensation goals with the overall company compensation philosophy? Executive Compensation–Consider the Angles. Other metrics?).

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule. Metric to watch: Diversity of interviewed candidates.

Lessons from our research: Ways to build a diverse, inclusive organization

HR Times

Posted by Josh Bersin on December 17, 2015. Global Human Capital Trends 2015 Explore the trends. More than two-thirds of the companies we surveyed in the Deloitte Global Human Capital Trends 2015 research told us they are redesigning their performance management process.

HR Must Modernize to Meet New Employee Demands

Oracle HCM - Modern HR in the Cloud

There’s an element of big data that allows you to benchmark yourself against other organizations in your industry. For example, if you’re adjusting compensation models, you want to look at turnover, financial performance, and compare them to the cost of living where you’re recruiting.

How Scarcity and Attrition Might Ruin Recruitment Planning

HR Daily Advisor

To successfully meet demands in this area, you need to partner early; otherwise, there will be an impossible plan that demands nearly immediate hiring of scarce applicants without adequate compensation. Recruiting is a challenge for 2015. Learn what’s happening in the real world with our new research report, Recruiting Best Practices: Finding and Attracting Talent in 2015’s Challenging Business Climate. What do benchmark data reveal about industry and occupation trends?

Top 3 Workforce Risks In Financial Services

SAP Innovation

Just 38 percent of financial services executives say they use quantifiable metrics and benchmarking for workforce development, and 35 percent say they know how to extract meaningful insights from data.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Key Metrics. Depending on the needs of your business, as well as the industry, these metrics can vary, but they should all focus on the happiness and engagement of your workforce.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Key Metrics. Depending on the needs of your business, as well as the industry, these metrics can vary, but they should all focus on the happiness and engagement of your workforce.

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

This post was commissioned by Ultimate Software and the author has or will receive compensation for their work. What tools and methods can HR and business leaders use to establish an employee experience benchmark and continue to improve?

AON 154

15 HR Analytics Case Studies with Business Impact

Analytics in HR

On March 13 2015, the Wall Street Journal published an article titled: “The Algorithm That Tells the Boss Who Might Quit”. Nielsen created a similar predictive model back in 2015. Absenteeism in this German 43,000 + people energy company has risen above benchmark.

How to Elevate HR (And Keep the C-Suite Happy)

WorkHuman

In the 2015 Deloitte Millennial Survey , 6 in 10 millennials said “sense of purpose” is part of the reason they chose to work for their current employers. 16 HR Metrics That Smart HR Departments Track.

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

The book covers the full People Analytics scope (Benefits, Compensation, Culture, Diversity & Inclusion, Engagement, Leadership, Learning & Development, Personality Traits, Performance Management, Recruitment, Sales Incentives) with numerous real-world examples, and shows how R can help”.

Hiring the Wrong Salesperson is a $2-Million Mistake

HR Daily Advisor

Looking to build and perfect that 2015 comp plan? complete guide to compensation plans, Bring Back the Sizzle: PayScale’s Guide to Comp Plans That Get Workers Fired Up (In a Good Way). The stakes are very high when it comes to hiring salespeople, says Consultant Joseph DiMisa.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

The Society for Human Resource Management (SHRM) suspected they were on their last legs back in 2015 before a number of sources officially called time of death earlier this year. If you’re a small or midsize business (SMB) that does annual performance reviews, I have some terrible news.