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How to get started with HR benchmarking

Achievers

These questions and others can be answered with the effective use of HR benchmarking. Let’s explore what HR benchmarking entails and why it might be worth pursuing at your organization. What is HR benchmarking? HR benchmarking, while a useful tool in the right circumstances, has its limitations.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Types of HR analytics Different data analysis methods provide insight and identify trends within data. Predictive HR analytics: Explores current and historical data and uses statistical models and forecasts to predict future behaviors and events. However, certain circumstances may require incorporating external benchmarking data.

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The Roadmap to Organisational Success: EC Strategic Planning

EmployeeConnect

SWOT Analysis: A thorough examination of internal Strengths and Weaknesses, coupled with external Opportunities and Threats, provides a comprehensive understanding of the organisational landscape. These serve as benchmarks, guiding the organisation’s efforts and progress evaluation.

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20 Marketing OKR Examples to Drive ROI 

Synergita

KR3: Sponsor and participate in a major industry event to increase brand exposure. KR2: Increase speaking engagements at industry conferences and events by 50%. Enhance Event Marketing Strategy Objective: Optimize event marketing strategy to maximize brand exposure and lead generation.

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Have Your Cake and Eat it, Too: How Visier Combines Fast Time to Value with Openness and Extensibility

Visier

Visier breaks down this data into individual events and applies time-based parameters that make it useful for understanding your workforce as it changes over time. Events represent a change to a subject at a specific point in time. Manager change, interview, or promotion are examples of an event. Flexible and extensible.

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The power of payroll data: An interview with a leader in data management, BI, and people analytics

Visier

Through interactive analysis, HR. A business that is not continually evaluating its payroll metrics may potentially get blind-sided by additional costs of payroll due to seasonal trends or unusual business-impacting events. Diversity, turnover, and promotions are some of the more common HR-related benchmark areas.

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Analytics Driving HCM Technology Purchases

Bersin with Deloitte

Its workforce analytics solution provides access to HR data, benchmarks, and analysis capabilities. Oracle, Workday, and many other talent management system providers will also be at the event showcasing their analytics solutions. SuccessFactors will undoubtedly be another voice heard among the din.