INDUSTRY INSIGHTS YOUR PEERS ARE READING
In comparison, cloud-based, fully integrated, all-inclusive HR technology with automated processes needs only about two people per 100 employees to perform the same functions. An investment in a fully automated HR management tool should enable your business to greatly expand its reporting capabilities, allowing management to better correlate employee performance with business metrics and adjust processes to meet strategic goals. MORE
Market comparison. According to the WorldatWork survey, management primarily uses employee turnover/retention (61 percent of respondents) and employee satisfaction survey metrics (47 percent) to determine the effectiveness of salary programs. Does your company do a good job of following and communicating its philosophy around compensation? MORE
Released by financial planning website GoBankingRates, the study compared the change each of city's cost of living index from Numbeo to GoBankingRates's metrics for how much annual income it takes to "live comfortably" in a city. MORE
This also means that the more complicated the online learning experience, the narrower the engagement –even if it might be deeper engagement by comparison. MORE
By getting up-to-date, data-driven insights into your most vital business metrics, and then seeing how these key indicators compare to companies of similar size or industry, decision-makers can better understand what issues are industry-wide, and what issues are specific to the company. We’re living at a time when we’re awash in data, but short on ways to quickly turn that data into information we can act on with confidence. MORE
And content will be an even bigger focus for hiring in 2018, as both Facebook and Google became key players in the jobs market in 2017. MORE
This “think piece” is designed to challenge your thinking on talent metrics/analytics. In my view, a significant part of the CEO dissatisfaction comes from the weak metrics and analytics that HR has been providing them. Recommended Read: 7 Ways to Improve your Hiring In 2017. MORE
With Workday Benchmarking , delivered via the Workday Data-as-a-Service (DaaS) offering, customers can gain a better understanding of their company’s relative performance in comparison to peer organizations. Workday customers can opt-in to contribute de-identified data to a secure, aggregated dataset, then leverage useful metrics and trends representative of Workday’s collective customer community—including over 26 million workers across more than 1,800 global organizations. MORE
Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. This article was originally published in Talent Culture. It’s no secret our society has gone through a staggering degree of change in recent years. The impact these changes have had on the working world has been profound. MORE
This process is accomplished by analyzing incumbents’ assessment results in conjunction with high-priority performance metrics to objectively determine what characteristics are driving success. This comparison led to a rich discussion about the true nature of the job and high performance. MORE
We initially tested this approach with some of our unique, infrequent openings, which meant we didn’t have baseline metrics to use for comparison. Standing Out. With so many job posts in the interwebs out there, how do you stand out among the crowd for the right job seekers? In experiencing a lack of quality candidates, you may resort to settling for the closest possible candidate you can find. MORE
There are several levels of people or workforce analytics: Descriptive analytics are metrics, i.e., interview-to-hire ratios or average training attendance. Start with a red flag metric. Define goals and corresponding metrics. MORE
Zak’s research offers some hard metrics to support the value of trust. Is it possible to actually measure the value of trust in an organization? As human beings, we are hardwired to seek trusting relationships. MORE
Personally, I’m a big fan of the cost per hire metric. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric. However, it is a complicated metric by comparison. There are some old school metrics that still provide value. MORE
Hiring takes anywhere from a few days to four months , according to LinkedIn’s 2017 global survey. This metric shows you how quickly your hiring team was able to identify the best candidate. But, Workable’s reporting suite is built to provide data on both metrics. MORE
It's also interesting to note that a number of these points were raised early on in the advent of HR metrics by our own Stephanie Thomas -- clearly they still bear consideration today. I love metrics. we've officially gone too far with metrics. MORE
Lastly, we’ll close with an employee engagement metric very close to employers’ hearts: retention.The study found that if workers believe they’re doing good, they’re far less likely to be seeking a new job in the next six months. MORE
You can only make these comparisons if you consistently obtain the same types of information from all applicants. Hiring metrics : How does the pre-employment assessment influence applicant experience, hiring speed, cost-per-hire, etc.? MORE
Diversify your engagement metrics. One way to measure is through ongoing pulse surveys, with the frequency depending on where the engagement level of the company sits at that time, or how high employee engagement is in comparison to the overarching goals of the organisation. Another metric to determine employee engagement is becoming an Employer of Choice, which is a powerful way to attract and retaining talent. There are many ways to address employee engagement in a company. MORE
Benchmarking your current performance to create a baseline for comparison is often a first critical step in the process. Digital transformation starts with a defined digital strategy, a road map, and a clear understanding of what measurable success looks like. MORE
How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance). MORE
Writing effective job descriptions one of the most challenging sections is the section on job responsibilities. This section defines the work that an employee needs to perform after assuming a certain role. listing the tasks that an employee would be accountable for. This section is considered to be vital for other talent management processes as well, since it outlines the criteria that are utilised during performance appraisals and employee development. MORE
An integrated hiring and talent management system includes easily accessible robust analytics so decision makers at your dealership can see such insights as hiring velocity and hiring process adherence across locations and managers – and in comparison to industry benchmarks. MORE
How do you feel about the idea that contact centers have invited an electronic sweatshop comparison? Companies and metrics have been working against the service experience, not on purpose, but as an unfortunate offshoot of trying to be better. Dave Murray had more than 20 years of experience in customer facing positions when he first encountered The DiJulius Group—not as an employee but as a client. MORE
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate. MORE
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate. MORE
An engagement scorecard provides a more comprehensive view by tracking metrics around engagement beyond just the survey score. For example, referral rate will be the metric that would measure whether employees have referred friends and relatives. So how does one use these metrics? MORE
HR Application: HR has become much more sophisticated regarding metrics and data collection. However, most of our metrics are focused on HR efficiency (e.g., time to fill) and comparisons to benchmarks (e.g., MORE
Yes, I said “relative change” as in “a metric computed in proportion to a base number.”. Notice anything about those comparisons? . Absolute statements based on relative comparisons can be highly misleading. MORE
What’s your magic hiring metric? Start with the positions you hire for most or that have the most financial impact and build your metrics from there. Establish clear performance metrics. Provides a comparison of what’s needed vs. current status to drive the targeted capacity. MORE
One of the best ways to measure your company’s long-term success of diversity in talent acquisition is to monitor your metrics. Assess this metric from the application stage to screening down through interviews and offers accepted. MORE
You might receive a monthly report in PDF form that only includes high level metrics, such as the overall head count, new hire total and turnover rate for the entire business. Key Business Metrics. MORE
To accomplish this you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and targets for each performance indicator. Commonly Used HR Metrics : Average salary/wage. MORE
Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. It’s no secret our society has gone through a staggering degree of change in recent years. MORE
Industry also determines the size metrics that most accurately predict executive compensation. Accept that your tradition may not translate well for solid comparisons with other peer employers. Manager or director? That is the question. Titles communicate level of responsibility over a work function, so the process by which such labels are determined is important to compensation professionals. MORE
The following organizations investing heavily in overarching employee experience were found, in comparison to their competitors not investing in this area, as: 28x more often among Fast Company’s Most innovative Companies. MORE
That’s why you need to develop a performance-based job description that defines the core challenges in the job and the upside potential to make the comparison. Metrics really matter. Recruiters need to become advocates for improving quality of hire. MORE
This is because few CEOs are confident in the quality of their Human Capital metrics. Often what is shared with the C-Suite is what Sullivan calls the “So What” metrics, which elicit a “Why Should I Care?” Shifting to a metric model that is designed to influence executives. MORE
HR Bartender
AUGUST 17, 2017
Personally, I’m a big fan of the cost per hire metric. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric. However, it is a complicated metric by comparison. There are some old school metrics that still provide value.
Compensation Cafe
JUNE 9, 2017
It's also interesting to note that a number of these points were raised early on in the advent of HR metrics by our own Stephanie Thomas -- clearly they still bear consideration today. I love metrics. we've officially gone too far with metrics.
Visier
JUNE 21, 2017
This is because few CEOs are confident in the quality of their Human Capital metrics. Often what is shared with the C-Suite is what Sullivan calls the “So What” metrics, which elicit a “Why Should I Care?” Shifting to a metric model that is designed to influence executives.
Visier
NOVEMBER 15, 2017
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate.
HR Daily Advisor
AUGUST 16, 2017
How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance).
Visier
JUNE 27, 2017
This “think piece” is designed to challenge your thinking on talent metrics/analytics. In my view, a significant part of the CEO dissatisfaction comes from the weak metrics and analytics that HR has been providing them. Recommended Read: 7 Ways to Improve your Hiring In 2017.
|
Everwise
JUNE 7, 2017
The following organizations investing heavily in overarching employee experience were found, in comparison to their competitors not investing in this area, as: 28x more often among Fast Company’s Most innovative Companies.
O.C. Tanner
MAY 25, 2017
An engagement scorecard provides a more comprehensive view by tracking metrics around engagement beyond just the survey score. For example, referral rate will be the metric that would measure whether employees have referred friends and relatives. So how does one use these metrics?
EmployeeConnect
JANUARY 14, 2017
Writing effective job descriptions one of the most challenging sections is the section on job responsibilities. This section defines the work that an employee needs to perform after assuming a certain role. listing the tasks that an employee would be accountable for. This section is considered to be vital for other talent management processes as well, since it outlines the criteria that are utilised during performance appraisals and employee development.
Compensation Cafe
SEPTEMBER 26, 2017
To accomplish this you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and targets for each performance indicator. Commonly Used HR Metrics : Average salary/wage.
The HR Capitalist
JULY 13, 2017
Released by financial planning website GoBankingRates, the study compared the change each of city's cost of living index from Numbeo to GoBankingRates's metrics for how much annual income it takes to "live comfortably" in a city.
|
Workable
OCTOBER 18, 2017
Hiring takes anywhere from a few days to four months , according to LinkedIn’s 2017 global survey. This metric shows you how quickly your hiring team was able to identify the best candidate. But, Workable’s reporting suite is built to provide data on both metrics.
TalentCulture
OCTOBER 24, 2017
One of the best ways to measure your company’s long-term success of diversity in talent acquisition is to monitor your metrics. Assess this metric from the application stage to screening down through interviews and offers accepted.
Compensation Today
JANUARY 10, 2017
Lastly, we’ll close with an employee engagement metric very close to employers’ hearts: retention.The study found that if workers believe they’re doing good, they’re far less likely to be seeking a new job in the next six months.
Hireology
DECEMBER 21, 2017
And content will be an even bigger focus for hiring in 2018, as both Facebook and Google became key players in the jobs market in 2017.
InforHCM
SEPTEMBER 1, 2017
This process is accomplished by analyzing incumbents’ assessment results in conjunction with high-priority performance metrics to objectively determine what characteristics are driving success. This comparison led to a rich discussion about the true nature of the job and high performance.
TalentCulture
OCTOBER 6, 2017
Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. It’s no secret our society has gone through a staggering degree of change in recent years.
Bonusly
AUGUST 9, 2017
There are several levels of people or workforce analytics: Descriptive analytics are metrics, i.e., interview-to-hire ratios or average training attendance. Start with a red flag metric. Define goals and corresponding metrics.
SMD HR
MARCH 23, 2017
HR Application: HR has become much more sophisticated regarding metrics and data collection. However, most of our metrics are focused on HR efficiency (e.g., time to fill) and comparisons to benchmarks (e.g.,
Insperity
DECEMBER 5, 2017
In comparison, cloud-based, fully integrated, all-inclusive HR technology with automated processes needs only about two people per 100 employees to perform the same functions. An investment in a fully automated HR management tool should enable your business to greatly expand its reporting capabilities, allowing management to better correlate employee performance with business metrics and adjust processes to meet strategic goals.
Workday
OCTOBER 10, 2017
By getting up-to-date, data-driven insights into your most vital business metrics, and then seeing how these key indicators compare to companies of similar size or industry, decision-makers can better understand what issues are industry-wide, and what issues are specific to the company. We’re living at a time when we’re awash in data, but short on ways to quickly turn that data into information we can act on with confidence.
Nextwave Hire
SEPTEMBER 12, 2017
We initially tested this approach with some of our unique, infrequent openings, which meant we didn’t have baseline metrics to use for comparison. Standing Out. With so many job posts in the interwebs out there, how do you stand out among the crowd for the right job seekers? In experiencing a lack of quality candidates, you may resort to settling for the closest possible candidate you can find.
Hireology
OCTOBER 13, 2017
You might receive a monthly report in PDF form that only includes high level metrics, such as the overall head count, new hire total and turnover rate for the entire business. Key Business Metrics.
Cangrade
MARCH 3, 2017
You can only make these comparisons if you consistently obtain the same types of information from all applicants. Hiring metrics : How does the pre-employment assessment influence applicant experience, hiring speed, cost-per-hire, etc.?
Hireology
SEPTEMBER 7, 2017
An integrated hiring and talent management system includes easily accessible robust analytics so decision makers at your dealership can see such insights as hiring velocity and hiring process adherence across locations and managers – and in comparison to industry benchmarks.
Compensation Cafe
FEBRUARY 3, 2017
Yes, I said “relative change” as in “a metric computed in proportion to a base number.”. Notice anything about those comparisons? . Absolute statements based on relative comparisons can be highly misleading.
Workday
OCTOBER 11, 2017
With Workday Benchmarking , delivered via the Workday Data-as-a-Service (DaaS) offering, customers can gain a better understanding of their company’s relative performance in comparison to peer organizations. Workday customers can opt-in to contribute de-identified data to a secure, aggregated dataset, then leverage useful metrics and trends representative of Workday’s collective customer community—including over 26 million workers across more than 1,800 global organizations.
Workday
JANUARY 18, 2017
Market comparison. According to the WorldatWork survey, management primarily uses employee turnover/retention (61 percent of respondents) and employee satisfaction survey metrics (47 percent) to determine the effectiveness of salary programs. Does your company do a good job of following and communicating its philosophy around compensation?
Ascender
MAY 22, 2017
Diversify your engagement metrics. One way to measure is through ongoing pulse surveys, with the frequency depending on where the engagement level of the company sits at that time, or how high employee engagement is in comparison to the overarching goals of the organisation. Another metric to determine employee engagement is becoming an Employer of Choice, which is a powerful way to attract and retaining talent. There are many ways to address employee engagement in a company.
Bonfyre
OCTOBER 10, 2017
Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. This article was originally published in Talent Culture. It’s no secret our society has gone through a staggering degree of change in recent years. The impact these changes have had on the working world has been profound.
Waggl
SEPTEMBER 13, 2017
Zak’s research offers some hard metrics to support the value of trust. Is it possible to actually measure the value of trust in an organization? As human beings, we are hardwired to seek trusting relationships.
Paycor
OCTOBER 19, 2017
What’s your magic hiring metric? Start with the positions you hire for most or that have the most financial impact and build your metrics from there. Establish clear performance metrics. Provides a comparison of what’s needed vs. current status to drive the targeted capacity.
SuccessFactors
SEPTEMBER 11, 2017
Benchmarking your current performance to create a baseline for comparison is often a first critical step in the process. Digital transformation starts with a defined digital strategy, a road map, and a clear understanding of what measurable success looks like.
Bonfyre
NOVEMBER 21, 2017
How do you feel about the idea that contact centers have invited an electronic sweatshop comparison? Companies and metrics have been working against the service experience, not on purpose, but as an unfortunate offshoot of trying to be better. Dave Murray had more than 20 years of experience in customer facing positions when he first encountered The DiJulius Group—not as an employee but as a client.
Compensation Cafe
MAY 18, 2017
Industry also determines the size metrics that most accurately predict executive compensation. Accept that your tradition may not translate well for solid comparisons with other peer employers. Manager or director? That is the question. Titles communicate level of responsibility over a work function, so the process by which such labels are determined is important to compensation professionals.
SuccessFactors
JANUARY 17, 2017
This also means that the more complicated the online learning experience, the narrower the engagement –even if it might be deeper engagement by comparison.
Linkedin Talent Blog
SEPTEMBER 20, 2017
That’s why you need to develop a performance-based job description that defines the core challenges in the job and the upside potential to make the comparison. Metrics really matter. Recruiters need to become advocates for improving quality of hire.
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