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Compensation Analysis: The Definitive 2022 Guide

Decusoft

This guide to compensation analytics will provide you with the information that you need to conduct a comprehensive assessment of your salary and benefits packages. . A compensation analysis is essentially a comparison of your company’s salary and benefits packages with those of other businesses in your area or industry. .

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The Benefits of Benchmarking Communications Results

PoliteMail

Benchmarking compares an organization’s performance — using metrics and key performance indicators (KPIs) – to standardized data from the historical performance within your own company or other companies within your industry. Let’s look at how to leverage benchmark data to create a more analytical corporate communications program.

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The Value of Industry Benchmarks — and How to Use Them Strategically

PoliteMail

Fortunately, benchmarking can help you identify those. Benchmarking — the process of comparing your organization’s data to standardized data in the same industry or organization size — can help reveal best practices and identify areas of improvement. 3 strategic ways to leverage industry benchmark data.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

Below, I outline different ways people analytics can be used to support these processes. Having a succession plan is great, but how well do you understand the quality and strength of your plans? Analytics can help you evaluate: Strength of your pipeline. Bonus: How to create supercharged data-driven plans during a crisis.

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8 Questions to Ask for Effective HR Reports

EmployeeConnect

Managers can often customise their reports on the fly, view information in real-time on custom dashboards and work with innovative analytics tools that generate predictive modelling. The ability to generate custom HR reports is critical because the benchmarking process varies widely among departments and company stakeholders.

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Not Measuring Your Culture Yet? Your Board of Directors May Wonder Why (i4cp login required)

i4cp

Step 1: Decide what and how to measure Most companies' leaders struggle with defining the metrics to measure and the method of measurement. A culture scorecard map is a perfect tool to help define what will be measured and how. The Securities and Exchange Commission in the U.S. Remember the old adage-what gets measured gets done.

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A Guide to Compensation Analysis

Analytics in HR

It was a fair comparison because of the size and geographical spread of both organizations. As an example, Slack traditionally compensated employees based on localized benchmarks in their New York and San Francisco offices. Salary benchmarks provide data points, whether it is worth it or not to pay an employee above the average salary.