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INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

In 1977, you founded the Saratoga Institute (SI), which is well-known for its work in human capital metrics. Is there a place in HR for both metrics and analytics? If they only had time to focus on a handful of metrics, which ones should they consider?

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. That’s why today’s software applications for measuring key performance metrics are so valuable.

‘Compensation Is Not Appreciation’

HRExecutive

Survey respondents also reported high rates of absenteeism (33 percent) and work-family (81 percent), as well as increased mental health and behavioral problems (63 percent).” According to the study, Gallo says, “Staff recognition and praise matters more than compensation, indicating that improving managements’ skills and ability to provide verbal and written support is more meaningful than increasing salaries. ” compensation HR profession recognition

Compensation Linked To Performance, Feedback, and Engagement

LAROCQUE

Compensation Practices Driving Cultural Shifts In Performance Management Explored In New #HRWins eBook. ” Well, there isn’t any excuse for not knowing any more. Data that give employees an idea of their fair market value for total compensation.

3 Examples of Evidence-Based HR in Action

UpstartHR

Last week I had the pleasure of presenting a workshop based on metrics, evidence-based HR, and change management. General Compensation Data Evidence-Based HR Metrics Recognition Scientific Method

Diversity Considerations in Compensation: Part 2 – Workplace Currency, Manager Favoritism

Compensation Today

In our first diversity and compensation post , we covered how to identify and resolve inequities within your current compensation practices, as well as the pros and cons of a self-audit. We (reasonably) expect to receive some sort of compensation in exchange for our efforts.

You Get What You Measure/Compensate For!

TalentCulture

It’s an age-old adage, “You get what you measure and compensate for.”. There are a lot of things that impact quota performance, but I suspect a large part of the challenge is the other things we measure, hold people accountable for, and even compensate at some level.

Want an Effective Compensation Plan? Transparency Matters

HR Daily Advisor

When it comes to compensation, however, talking the talk is pretty important, too. It’s not enough to have an effective compensation plan if it is something of a mystery to employees how their pay rate is determined. Compensation plan review.

Tracking employee health metrics: Great idea or big mistake?

Insperity

Some wellness programs ask employees to volunteer information, such as whether they smoke or exercise. A word of caution: Be careful about implementing wellness programs that require participation, or penalize employees who are unable to participate. If not designed correctly, these wellness programs can violate federal laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Affordable Care Act (ACA). Benefits and Compensation

Is Your Company Following its Compensation Philosophy?

Workday

Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. More importantly, 53 percent of the companies surveyed indicate that most employees don’t understand their company’s compensation philosophy. The post Is Your Company Following its Compensation Philosophy?

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

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).

How To Reduce Employee Turnover with Workforce Analytics

Visier

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.

Changemaker spotlight: Dr. Wald at USAA knows well-being can drive business results

Limeade

Because Dr. Peter Wald believes well-being makes him a better employee and a better leader. USAA as an enterprise is very focused on our employees’ well-being. The organization has invested in well-being for over 10 years and eventually outgrew their original vendor.

Reduce Gender Bias Using Data-Driven Performance Reviews

Visier

Countless studies have shown the equal economic contribution women make in the workforce, yet companies still struggle to achieve the goal of equity, particularly in the areas that affect women’s upward movement the most: promotions and compensation.

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What Would Einstein Do (If He Had to Solve YOUR Pay Problems)?

Compensation Force

Well, help comes our way from an unexpected source: renowned physicist and Nobel Laureate Albert Einstein on solving tough problems under pressure. Base Salary Management Bonus/Incentives Compensation - General Metrics/Analytics Pay for Performance

6 Steps for Making Smart Decisions With Wearables Data

Visier

As this story shows, wearables can yield some definitively actionable insights for employers, and their potential extends far beyond using fitness trackers as part of wellness programs. This will help you select the right metrics to investigate.

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7 Sessions Not to Miss at HR Tech 2017

Namely

How TransUnion Used Wellness to Unite Colleagues Across the Globe ∙ Room: Venetian Ballroom A-D ∙ Session Number: P4 Debra Wasserman, Director of Compensation & Benefits at TransUnion , will share how her team implemented a global wellness program. The panel will discuss which HR metrics are important to track, how to track them, and—most importantly—how to use this people data to drive key business decisions.

Annual Employee Performance Evaluations, 360 Peer Reviews And Other Common HR Mistakes

15Five

How will you evaluate performance for the purposes of increased compensation and career advancement? Q: Probably the biggest resistance I hear about is what to do about compensation and advancement without a review. So I really like a quarterly compensation review.

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Lights! Camera! Action!!

Compensation Cafe

I once worked for a CEO who thought that any compensation proposal could be reduced to a single piece of paper, including plenty of white. “If Commonly Used HR Metrics : Average salary/wage. Make sure each metric is measurable because guesses don't count.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

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.

Startup Equity: Staying Private in a Public World (Part 11 in an n part series)

Compensation Cafe

A surprising number of companies with no intention of trading publicly have successful equity compensation programs. They may settle all awards in cash or add in performance metrics that would otherwise be difficult with outside investors looking over your shoulder.

Are You Paying for Peripheral Vision?

Compensation Cafe

So many compensation professionals are tasked with not missing anything, they include darn near everything in their incentive plans. The main metric may account for 50% or more of the potential payout. The next metric may be 25-30%. No more than three metrics for any plan.

The Secret to Small Business Growth? Invest in Your Employees

Cornerstone On Demand

1) Invest in Human Resources from the Start Many small companies think they're too busy or budget-strapped for strategic HR, and end up outsourcing payroll, compensation and benefits to third-party providers. You should constantly ensure all systems are running well, they're engaged, and they're prepared to lead appropriately. Small businesses are some of the most vital players in the business community, but the rate of failure is staggering.

This One Food Will Add 15 Years to Your Life!

Compensation Cafe

The HR and compensation industries are not immune to this phenomena. Not so long ago nearly all of the “big” executive compensation consulting firms were touting Relative Total Shareholder Return (R-TSR) as the solution to executive pay misalignment. I’m sort of old.

The top 10 processes for HR automation

EmployeeConnect

Not receiving feedback from managers and not having good metrics leads to inaccuracies. When the manual processes are removed, it reduces employee stress as well as the likelihood of accounting errors. Safety Hazard/Incidents When an accident happens at work and someone is injured, there reports must be filed with the Occupational Safety and Health Administration, workers’ compensation systems and others.

3 Ways to Ensure Fair Pay in Your Organization

Compensation Today

Learn More About Our Compensation Software. Another important way to ensure fair pay is to determine pay increases by standardized performance metrics across a given role or team. Compensation Plans fair pay Gender Pay Equity

Analytics Is a Key Ingredient in HR’s Business Impact—But It's Not the Whole Recipe

Cornerstone On Demand

The Operations VP starts with a dashboard clearly indicating improved operational efficiency, productivity gains and cost savings for the quarter, as well as projections for the remainder of the year. This includes a dashboard illustrating year-to-date results for hiring, diversity, attrition and compensation. Picture this. It's a Friday morning, and five senior executives walk into a conference room to meet with the CEO: Operations, Sales, Finance, Marketing and Human Resources.

4 Strategic Drivers of General Motors’ Adoption of Recognition Technology [Case Study]

Lighthouse

Sandra Garcia, Global Compensation Center of Excellence Lead, General Motors. Some quick stats on GM, one of the most well-known companies in the world: More than 170,000 employees globally. — Ben Eubanks (@beneubanks) September 12, 2017.

Are Women in HR Paid Fairly?

Namely

Because of their influence over employee compensation, it’s often said that HR professionals are best equipped to stomp out the problem. There appears to be an age component to the pay gap as well. One of the most pressing issues in HR and employment law is gender pay equity.

The Connected Employee

EmployeeConnect

Connected employees believe at the cognitive and intuitive levels their employers fit who they are as individuals in terms of compensation, culture, the people, the physical accommodations. High-performance teams are well-suited for competing in the global economy for a variety of reasons: Synergy: high-performance team members have diverse and complementary skills and experiences that produce combined effects far greater than the individual abilities of team members.

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Enabling profit growth and cost reduction by providing granular analysis of labor spend and ROI by combining labor, compensation, and finance data to track specific business outcomes. Source: Deloitte Consulting LLP, 2017.

What are the Best Cities for Education Jobs?

HR Daily Advisor

Job density metrics for education naturally favor college towns with more centralized economies. So it’s no surprise that when it comes to sheer job opportunities, two cities are well above the rest: Rochester, New York; and Chapel Hill, North Carolina.

Top Ways Technology Can Help Improve Business Practices

Get Hppy

Helpful programs will allow you to do things such as more easily track the short- and long-term goals of employees (ensuring workers are kept more engaged in their roles and growing into future ones), as well as record and read manager feedback, and document coaching provided.

Beware The Ides Of March

Compensation Cafe

With luck you have already launched your 2017 incentive programs and have the business and employee objectives (mostly) completed. . So right about now you've completed wrapping up 2016, started 2017 but haven't yet had to start the planning cycle for the year to come. .