article thumbnail

10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. Which hiring metrics are most important to track?

COMPAS 59
article thumbnail

A Guide to Compensation Analysis

Analytics in HR

If you need a snapshot to understand the cost per employee, you may conduct a “Headcount analysis” to provide an accurate picture of staffing levels and compensation per employee. One of the most common calculations that is in most compensation analysis is the salary compa ratio , or comparative ration. A final word.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LaRocque: Why HR needs a strategy for evaluating tech startups, scaleups

HRExecutive

As most employers are struggling to hire and reports also show that up to 40% of workers are planning to change jobs , there’s little room for error in selecting new HR technology. PwC reports that 74% of businesses plan to increase their spending on HR tech. The stakes couldn’t be much higher.

COMPAS 105
article thumbnail

Executive Scorecard: HireRoad’s Top HR Dashboards

Acendre

This is beneficial when companies are looking for data, progress and status towards meeting specific goals. An HR leader brings their scorecard dashboard to an executive meeting to highlight key metrics. For example, let’s take a look at the metric, Compa Ratio. This is a common metric to assess pay.

COMPAS 52
article thumbnail

What is People Analytics and How Do I Get Started?

Visier

How to use people analytics to make better decisions–faster. People analytics empower organizations to leverage data to optimize employee experience, create the best possible organization structure and maximize productivity. Here’s what you need need to know about how to get started with people analytics.

article thumbnail

How to Use Compensation Analytics to Tell a Story

Compensation Today

This is a lesson from our forthcoming ecourse on compensation analytics, and builds on our previous post on how to dig into comp analytics for specific questions. Then you explored the analytics that help you track compensation , calculated them for your organization and dug deeper into some particular issue areas.

article thumbnail

What We Wish Everyone Knew About Compensation Management!

Keka HR Blog

It also plays a vital role in planning the compensation benefits program for the workforce to meet their current expectations. An employee value proposition is a collection of principles for the company that helps you to recruit, retain and engage employees. Compa Ratio.

COMPAS 52