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Data-Driven Decision Making Combining financial data—such as budgets and costs— with HR metrics, including talent acquisition and turnover rates, allows organizations to make informed decisions. Organizations must regularly benchmark their compensation packages against industry standards to remain attractive to potential employees.
What Data-Driven Planning Actually Looks Like The magic happens when HR metrics (turnover, time-to-fill, engagement) combine with financial data (budgeting, cost-per-hire, ROI). Faster Business Agility Integrated planning means you’re ready to scale, shift, or streamline based on market demand—not scrambling to catch up.
According to a 2023 study from The Conversation, organizations with well-designed DEI programs report higher employee engagement and productivity. For example, companies with diverse teams are 25% more likely to outperform financially, per McKinsey’s 2020 report. This data underscores the business case for DEI.
With well over 100 submissions for this year’s competition, a clear picture has emerged of where HR technology is headingand what it tells us about the needs, challenges and aspirations of HR teams in 2025. AI is now embedded across nearly every HR domain, from recruiting to compensation and engagement to financial wellness.
billion in 2020–21. Assessment Scores Scores from quizzes and exams provide insight into how well employees are retaining the training material. Engagement Metrics Engagement data includes metrics like how often employees log in, interact with content, and participate in discussions or collaborative learning activities.
Well, employee sentiment works the same way, but on a bigger scale. Engagement Metrics : Metrics like turnover, absenteeism, and productivity can provide numeric clues about whether sentiment is trending up or down. “To win in the marketplace you must first win in the workplace."
These recruitment metrics help teams make choices to maximize their return on investment from specific decisions and measure the overall impacts over time. For example, 2020 data indicated that almost 75% of university faculty members were white. The automated email sequencing options make reaching out to well-qualified people easier.
Let’s explore how HR can contribute to a well-crafted ESG strategy that drives meaningful change. Beyond environmental concerns like carbon footprint reduction, organizations are addressing social metrics, such as diversity, equity, and inclusion , and governance factors like transparent decision-making and ethical leadership.
Biases may continue to abound, companies may lack the DEIB metrics needed to secure investor interests, and recruitment could fail to tap fully into a diverse workforce. The good news is that benchmarking real-world case studies offers a realistic perspective to navigate the tricky and unpredictable DEIB journey. McKinsey & Co.’s
While the region’s DEIB journey is still maturing, the data points to forward movement: 43% of employees said their companies now have DEI programmes that go beyond gender to include LGBTQ+ and ethnic diversity – up from 36% in 2020. Without data, it’s difficult to benchmark or track real progress. Yet, there are notable leaders.
You can check out past year predictions for 2023 , 2022 , 2021 , and 2020. For HR leaders, this evolution means redesigning roles to reflect these synergies, updating performance metrics, and realigning recruitment strategies to prioritize creativity, emotional intelligence, adaptability, and the ability to learn. Alas, Zuckerberg.)
job seekers stated for leaving in the years 2020–2024: Source: Gallup's Employee Retention & Attraction Survey The term “primary reason” here reflects two other limitations of national survey data. Well-being: Measures the physical, mental, and emotional well-being of your workforce. of terminations during period) / (no.
You’ll learn how to evaluate market trends, analyze internal pay equity, and link compensation to performance metrics. Compensation trends have faced major shifts since 2020. Are you looking to establish benchmarks for roles against market averages? Are your salaries as competitive as you think? 👉 What Is Compensation Analysis?
Industry analyst firm Nelson Hall recently identified ADP as a leader in both the small and medium business as well as mid to large market segments. Organizations can use technology to access the right data and industry benchmarks. Congrats to them! Enjoy the read.). Strategic Alignment and Opportunity: Raising the HR Bar.
2020 HR Conferences. As we gear up for Canada’s largest HR conference and the first big conference of 2020, HRPA, we thought we would put together a list of some of the best conferences across the country. Explore how investing in a well-managed, skilled and invigorated workforce can provide significant returns.
2020 HR Conferences. As we gear up for Canada’s largest HR conference and the first big conference of 2020, HRPA, we thought we would put together a list of some of the best conferences across the country. Explore how investing in a well-managed, skilled and invigorated workforce can provide significant returns.
Covington, KY / January 1, 2020 – HSD Metrics®, a human resources technology company with over 230 national and international clients, welcomes experienced professional, Brittany Tony, to its high-energy team of consultants, analysts and researchers.
In addition, your organization could also lose out on customers or investors, as more and more companies are requiring diversity benchmarks to be met before they work with or invest in a business. So which diversity and inclusion metrics do you want to measure? . Decide what to measure.
Quality of hire is a key recruiting metric that represents the value a new hire adds to your company , specifically, how much a new hire contributes to your company’s long-term success. Organizations can measure quality of hire for each new employee, as well as calculate overall quality of hire at their company.
Two-thirds of employees in North America are considering leaving their jobs in 2020. Annual surveys are useful as well, but over a year is too long to let issues go unreported and unresolved. Encourage lateral moves as well, so that talented workers are not forced to look outside the organization for growth opportunities. .
It may not be surprising that during 2020, social and political conflict —along with ongoing challenges due to COVID-19—helped position the employee relations (ER) function as a vital factor in shaping positive employee experiences. Last year, nearly half of the organizations surveyed closed these cases in five days or fewer.
Our team of CX experts have looked into their crystal balls to see what’s coming around the corner in 2020. First, they’ll adapt contact center metrics that get managed. Well, certainly both seem viable. Come see Luke Williams (Head of CX Strategy) at X4 2020 to find out. We’ll move from moments to journeys and segments.
To effectively manage employee performance, employers and managers first need to understand what a good performance management process involves, as well as the benefits and challenges associated with managing performance. Put benchmarks in place. Once benchmarks are set, employees know what they need to work towards.
It is clear from those conversations that – while some have increased disclosure of human capital metrics (e.g., Our initial guidance published on September 28, 2020: Create and maintain an inventory of your organization’s total talent (including and beyond full-time and part-time employees). Any listing company on U.S.
In its 2021 CEO Benchmarking Report , The Predictive Index surveyed 160 CEOs from various industries, asking them about their primary concerns and priorities post-COVID. More than half of the respondents said “working well remotely” was their primary challenge. That goes for people data, just like any other metric.
In a survey published in 2020 , Attest explored answers to that question. When starting a project, attacking a new marketing channel, planning a campaign, or even just checking you’re still on the right track, you need to be aware of some key B2B benchmarks for your industry. Keep reading. B2B services 2.7% Software / SaaS 1.1%
Now, we’ve observed another impactful metric that showcases the power of performance management: employees at companies that use Reflektive report 58% higher productivity vs. their peer average. More details on general employee sentiment are coming soon in our 2020 PM Benchmark Report! more likely to work harder).
Now, we’ve observed another impactful metric that showcases the power of performance management: employees at companies that use Reflektive report 58% higher productivity vs. their peer average. more likely to work harder) They get meaningful recognition when they perform well (3.6X more likely to work harder). Source available here.).
The absenteeism rate is a key measure of organizational health and well-being. 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. In the example below, we do this for 2020 – a leap year.
The Silicon Valley microprocessor giant says it achieved its 2020 goal of reaching full representation of women and underrepresented minorities in its U.S. We also publish our pay data as well. workforce two years ahead of schedule, and in January 2019, it achieved 100% gender pay equity globally.
Knowing which metrics and measurements to focus on is a perennial challenge for CFOs and finance departments, and the current state of workforce management makes it that much trickier. For much of 2020, many finance teams were forced to shift their focus from maximizing profitability to simply staying operational. Health and safety.
Define success for your individual teams, then empower them to work efficiently and cohesively toward those given metrics. Establish non-negotiable benchmarks for broader processes, while allowing for flexibility around day-to-day, hour-by-hour tasks. Publicly announcing wins and hard work to the larger business is critical as well.
Emphasize on Employee Wellness. As employees were forced to transition to working from home effectively overnight, their wellness became a big talking point. Even when companies head back into the office, attention to employee wellness will remain essential. Keep reading, and you’ll find out. Image Source.
In 2020, surprisingly, we saw headcount growth of 5.5% Based on the challenges and uncertainties throughout 2020, it was quite surprising that most firms continued hiring. Obviously, that metric has gone through the roof in 2020, but the ramifications for this industry as a whole are incredibly positive over the long haul.
If you dont have metrics to track well-being, innovation, agility and collaboration, your company is missing a key piece of the puzzle. Measuring your performance Want to start building benchmarks to see how you compete against industry peers? Productivity. Are you keeping the employees you need to be successful?
In 2020, surprisingly, we saw headcount growth of 5.5% Based on the challenges and uncertainties throughout 2020, it was quite surprising that most firms continued hiring. Obviously, that metric has gone through the roof in 2020, but the ramifications for this industry as a whole are incredibly positive over the long haul.
To accelerate progress and drive meaningful change, organizations must focus on setting and tracking meaningful DEI metrics. These metrics can help identify gaps, measure the effectiveness of DEI initiatives, and ensure accountability. What are DEI metrics? Understanding the Landscape A.
If 2020 has done anything, it’s brought the conversation of diversity and inclusion to the forefront like never before in organizations. Businesses can assess, measure, benchmark, and manage diversity and inclusion by the dimensions of their choice, such as race/ethnicity and gender. Workday is drinking its own Kool-aid, as well.
The amount of merit increase an employee receives should be based on metrics set by the organization and be in line with market rates for incentives. To create a competitive compensation strategy benchmark positions in your organization with similar positions in your competitors’ organizations. Wellness benefits . Matching 401k.
The industry has demonstrated an ability to thrive in such conditions – for direct selling companies that offer supplements and other health-related products such as Nu Skin, Herbalife and USANA, 2020 was a strong year for their bottom lines. and EMEA in 2020,” analysts with Deutsche Bank hypothesized about Nu Skin.
The roundup includes articles that cover ABM benchmarks, the push for stronger data strategies, treating B2B marketing more like B2C, challenges for the modern marketer in the B2B industry, and an obsession with intent data. Live Webinar: ABM Benchmarks for 2020. Optimizing your tech stack to succeed in 2020.
To accelerate progress and drive meaningful change, organizations must focus on setting and tracking meaningful DEI metrics. These metrics can help identify gaps, measure the effectiveness of DEI initiatives, and ensure accountability. What are DEI metrics? Understanding the Landscape A.
Throughout 2020 and into 2021, changes that impact how you manage employer brand became apparent fast. The Agile Employer Brand In the wake of 2020, it’s obvious that few brands were well positioned for the drastic change in workforce expectations and desires unearthed by the pandemic and subsequent lockdowns, restrictions and civil unrest.
Talent Board gathers candidate feedback and determines industry standard candidate experience benchmarks using Survale’s Talent Feedback Platform. This combination of powerful industry benchmarks and real-time, actionable data for optimizing recruitment process and operations, has proven to be a winning formula for recruiting success.
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