Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry. Most enterprise organizations are big enough to benchmark against themselves and with our Analytics tool they can do just that. What-If Analysis Our tool provides proven and reliable predictive forecasts.

The Skills Gap Analysis – A Full Guide

Digital HR Tech

In a time where companies experience a rapidly growing need to re-and upskill their people, the skills gap analysis becomes an increasingly relevant tool. Content What is a skills gap analysis? Why is a skills gap analysis useful? What is a skills gap analysis?

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Why Benchmarking 2.0 is a Must-Have for Influential HR Leaders

Visier

This all changed in 1980, when Dr. Jac Fitz-enz — now celebrated as the father of human capital strategic analysis and measurement — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: Delivered within an analytics platform , HR benchmarking 2.0

Why Benchmarking 2.0 is a Must-Have for Influential HR Leaders

Visier

This all changed in 1980, when Dr. Jac Fitz-enz — now celebrated as the father of modern HR — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: The demands of a volatile business world will lead to the rise of what I call HR benchmarking 2.0. The post Why Benchmarking 2.0

2019 Best-in-Class Benchmarking Analysis for Midsize Employers

The 2019 Best-in-Class Benchmarking Analysis for Midsize Employers explores what top employers are doing differently to stand out in healthcare cost control and HR management. Use these insights to build a better workplace and confidently position your organization for success.

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement. Many businesses already use benchmarking to analyze their learning and development (L&D) spending, recruiting, and organizational design, but far fewer are actively measuring and benchmarking their employee engagement scores. Enter sentiment analysis.

Raising the bar in benchmarking

Analytics in HR

Even the legendary Chinese general Sun Tzu was a sucker for benchmarking. In this article I’ll explore the origins, future, flaws, and benefits of benchmarking. . The origins of benchmarking. The term benchmarking (in its current meaning) originated in the eighties. He wanted to look into it and called for ‘a benchmark, something that I can measure myself against to understand where we have to go from here’. The flaws of current benchmarking.

Jobvite 2018 Recruiting Benchmark Report: How Do Your Funnels Look?

The HR Capitalist

Every year they release a Recruiting Benchmark Report offering a unique combination of data and guidance: summary and analysis of industry benchmark data, along with strategic advice to help you measure, improve and optimize every step of the recruiting funnel. Go download the Jobvite 2018 Recruiting Benchmark Report by clicking here!!!! --. Now onto my analysis form the report. If there's one ATS that does a nice job reporting trends, it's Jobvite. .

Why Cohort Analysis is Key to Effective D&I Programs

Visier - Talent Acquisition

How to do D&I-focused time-based cohort analysis. You can do further analysis to see the performance distribution in this population: how much their compensation has increased relative to their non-diverse peers, or how their engagement scores compare to their peers.

How to Prepare for the Next Wave of HR Benchmarking

Visier - Talent Acquisition

HR benchmarking first hit the scene in 1980 , giving organizations a way to assess relative performance for important measures such as turnover. In this first wave of benchmarking, HR had to leverage surveys and other data that was often self-reported, and therefore subject to bias.

New Report Helps Attract, Retain and Reward Top Talent

The 2019 Best-in-Class Benchmarking Analysis for Large Employers explores what top employers are doing differently to stand out in healthcare cost control and HR management. Use these insights to build a better workplace and confidently position your organization for success.

LifeWorks

     

New Benchmarking Analysis Identifies Recent Trends in Balancing Benefit Costs and Attracting Top Talent

HR Daily Advisor

The Best-in-Class Benchmarking Analysis produced by Arthur J. This analysis provides strategic insights that can help employers optimize their benefits and compensation approaches to gain a competitive advantage.” Gallagher developed the Best-in-Class Benchmarking Analysis to provide employers with insights and best practices for managing benefit costs while also attracting and retaining top talent. View the analysis here.

Jobvite 2018 Recruiting Benchmark Report: Source of Hire Report!

The HR Capitalist

Every year they release a Recruiting Benchmark Report offering a unique combination of data and guidance: summary and analysis of industry benchmark data, along with strategic advice to help you measure, improve and optimize every step of the recruiting funnel. Go download the Jobvite 2018 Recruiting Benchmark Report by clicking here!!!! --. If there's one ATS that does a nice job reporting trends, it's Jobvite. .

Benchmark Myopia and the Need for Business Drivers

SMD HR

It is a typical practice in many industries to be curious about, and focus on, benchmarks to get an idea of “where you stand” on a particular metric. To be clear, benchmarks are a good piece of information to know when examining your performance—but when leaders, particularly in HR, live and die (i.e., When you stop and think about it, a benchmark is just a pursuit to achieve somewhat better-than-average against a number that may not even reflect a true reality. Benchmarkin

Understanding the Importance of Peer Benchmarking for Banks with the Help of Formula 1 Racing

360 factors

Peer benchmarking is a domain of banking which remains underutilized, especially when it comes to smaller banks. Peer benchmarking is essential for banks in any situation, but its importance is increased even further in uncertain economic eras like the one caused by the economy shutting down and reopening due to the pandemic. Looking at the way Formula 1 drivers and teams are ranked can provide context for the benefits that peer benchmarking can provide.

How to Measure Internal Communications: Analysis and Insights

SocialChorus

Someone on your team needs to own your measurement strategy – the tactical measurement of your communications, analysis, and reporting. Establish a methodology and workflow for performing a continuous analysis. Review and revise the process to form an infrastructure that ensures a level of data integrity, analysis, and a constant flow of insights and action plans. Additionally, cohort analysis provides insight into a particular audience segment and their behavior.

The Beginner’s Guide to Benchmark your NPS Score like a Pro!

SurveySparrow

Relative Method : When it comes to the relative outlook, you can compare your scores with the NPS benchmarks of your industry and then decide accordingly, if your NPS score is good enough as compared to your peers. The trends in NPS benchmarks across industries keeps varying.

5 HR Analyst Job Descriptions – A Brief Analysis

Analytics in HR

Perform basic analysis and provide feedback regarding issues, opportunities, or challenges. Under direction and supervision, the Compensation Analyst will be responsible for assisting in the interpretation of compensation policy, job evaluation and design, market pricing, and compensation benchmarking. Works with Human Resources team and first line managers to provide analysis and guidance on a variety of compensation related issues. Collect and organize data for analysis.

Benefit Analysis Technology Helps Control Healthcare Spending

HR Daily Advisor

To show how Castlight’s platform can help with this expenditure, consider the following series of events: Using Castlight analytics, an employer determines it is spending much more money on ER visits than the industry benchmark. (If SPECIAL from HR Tech Las Vegas The world of HR is being changed by technology every day in new and exciting ways, with advancements in everything from promoting company culture to benefits management.

How Workforce Analysis will Change Your Life as an HR Manager

Analytics Training

By implementing data analysis techniques into workforce management and HR job processes, you can now analyze many aspects of your organization including staffing, retrenchment management, job satisfaction levels of employees and more. From having no idea of how to go about planning your workforce to getting the most optimized direction for workforce analysis, data will help you get comprehensive insights. With workforce analysis, you can do just that.

[Infographic] The Benchmark of Successful Internal Email Campaigns

Get Hppy

The post [Infographic] The Benchmark of Successful Internal Email Campaigns appeared first on Hppy. Even though social communication is on the rise, email remains a reliable ally for most workplaces and it can be a powerful channel for employee engagement. We recently discussed business transparency practices and how internal communication can drive this transparency, making employees feel empowered, informed and engaged.

Key Principles for Intelligent Tools and AI Deployment in HR

HR Examiner

Get their data into the system and use it as the primary benchmark. AI Artificial Intelligence HR Tech HR Technology HRExaminer Industry Analysis Intelligent Software in HR John Sumser“Machines Learn and develop Opinions. The Machine Recommends.

Tools 95

IDC Benchmark: Digital Maturity Check For Self-Assessment

SAP Innovation

Because, says market research, analysis, and advisory expert IDC , they will be unable to withstand the force of competition from emerging rivals that are developing new approaches — à la Uber, Airbnb, and Amazon — that conventional business models simply can’t hold a candle to. The first step uses an independent benchmark to create a company-specific output report. The digital transformation is putting organizations’ adaptability to the test. But help is at hand.

The Compensation Odyssey: It’s not a destination

Compensation Today

Traversing your way through the trials and tribulations of benchmarking jobs, analyzing market data, and building then communicating a compensation structure can feel like quite the expedition. Job Analysis Jungle. Job analysis is the starting point and most dreaded milestone in the comp planning journey. Job analysis is hugely valuable to your organization and is a worthwhile part of your comp journey. Benchmarking Bypass.

From Who to How: How to Report & Present Employee Survey Results

SMD HR

This approach is often referred to as a content analysis and involves identifying common themes across open-ended responses, categorizing comments within those themes, and calculating the percent of comments that fall within each theme. Competitive Comparisons – Normative/Benchmark Data. Survey vendors may also provide “normative/benchmark data,” or normal/ average scores for a given survey item or category across similar organizations. Benchmark Myopia.

From Who to How: How to Report & Present Employee Survey Results

SMD HR

This approach is often referred to as a content analysis and involves identifying common themes across open-ended responses, categorizing comments within those themes, and calculating the percent of comments that fall within each theme. Competitive Comparisons – Normative/Benchmark Data. Survey vendors may also provide “normative/benchmark data,” or normal/ average scores for a given survey item or category across similar organizations. Benchmark Myopia.

HRExaminer v10.96

HR Examiner

No one can wait for benchmarks to emerge yet mistakes can cost lives. AI AI Ethics Artificial Intelligence Coronavirus Pandemic and Work Editorial Advisory Board Erin Spencer HR Tech HR Technology HRExaminer Industry Analysis Intelligent Software in HR John Sumser Weekly

Sumser: Health and safety are at the heart of business continuity

HRExecutive

It’s particularly important, if you are using benchmarks, to understand the circumstances of the people you are imitating or measuring against. Business continuity—at its simplest, staying in business—is the primary concern of HR executives these days.

How Do Anti-Trust Guidelines Impact Market Pricing?

Astron Solutions

Incorporate “new salary” questions into your exit analysis process to track where employees are going and for what salary level. Legal Compliance Uncategorized Anti-Trust Laws Benchmarking Market Pricing Salary Survey Sherman Anti-Trust ActA critical role of the compensation function of Human Resources is verifying the current salary program’s market competitiveness.

Lighten the load

HR Times

Supervisory burden analysis can bring relief to overwhelmed managers. 1 Managers responsible for supervising the work of others can be particularly strained—a phenomenon we’ve been studying and helping companies alleviate through supervisory burden analysis. Supervisory burden analysis helps determine this by measuring the interplay between four components of work: the nature of the work, its degree of standardization, its complexity, and its interdependency.

The Skills Lifecycle Part 2: Benchmarking isn’t Just for Baseball

Degreed

Scorekeeping and statistical analysis in baseball took on a renewed reverence in the 21st century. In 2002, the Oakland Athletics front office smashed the sacred cow of scout feedback and traditional metrics in favor of a more robust analysis of in-game performance. This analysis, known as sabermetrics , led the Athletics to make unconventional staffing decisions that enabled them to remain competitive against larger market teams, despite a significantly lower payroll.

What Makes a Company Innovative? Hiring for Cutting-Edge Skills

Burning Glass Technologies

Using this data can allow employers to understand their own talent pool, benchmark themselves against competitors, and identify new and emerging skills. Labor Market Analysis Technology Content cutting-edge skills economy innovative labor market Skills technical skills TechnologyOne of the best ways of identifying an innovative company is to look at its hiring, a concept the Drucker Institute used to develop the new edition of the Wall Street Journal Management Top 250.

How technology can democratize people analytics

HR Times

The figure below shows an analysis of common people analytics use cases supported by today’s technology solutions. People analytics solutions compile data from a variety of sources, including HR operational data, communication data, and external sources such as government databases or proprietary benchmarked datasets. Analytics Bersin data analysis decision making people data productivityPosted by Kathi Enderes , and Matthew Shannon on June 27, 2019.

The DecisionWise 360 Degree Feedback Platform

DecisionWise

Modules such as gap analysis, radar plots, key metrics, competency distributions can be turned on or off with the click of a button. Leaders who wish to compare themselves against others can easily add benchmark data to the reports.

How technology can democratize people analytics

Bersin

The figure below shows an analysis of common people analytics use cases supported by today’s technology solutions. People analytics solutions compile data from a variety of sources, including HR operational data, communication data, and external sources such as government databases or proprietary benchmarked datasets. Analytics Bersin data analysis decision making people data productivityPosted by Kathi Enderes , and Matthew Shannon on June 27, 2019.

Organizational Agility: The Importance of Measurement

Workday

With digital transformation on the rise, traditional benchmarks for success often fail to account for the challenges and nuances of our changing world. . Finance Financial Planning & Analysis Innovation & Technology Organizational AgilityIn the digital world, organizations need robust, accurate metrics to help them understand real-time performance.

3 steps to empowering self-service HR

InforHCM

1) HR needs to understand work distribution and process fragmentation analysis. 2) Perform voice of customer interviews to hear from those who are the recipients of the HR service and who have to use the HR outputs as part of their processes 3) Look at the current structure and size of HR and benchmark it against leading practices. Transforming HR’s transactional work through introducing self-service has a triple impact. It makes the work of the HR function more effective.