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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. Does it matter if we do an interview?

COMPAS 59
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What Is Salary Range Penetration? Definition, Use, and Examples

Analytics in HR

You want to pay your employees accurately and at market levels. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Salary penetration looks at the position of the salary in its pay band. It gives you very similar information to the compa ratio metric.

COMPAS 90
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A Guide to Compensation Analysis

Analytics in HR

For example, Salesforce found that their engineer salaries were comparable to engineers at Microsoft. On the other hand, engineers at Slack were paid much less, but they are a much smaller organization. Level – Employers compare employees’ levels and the level at which they are compensated.

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Executive Scorecard: HireRoad’s Top HR Dashboards

Acendre

The Executive Scorecard provides an at-a-glance snapshot of your organization from a people-perspective and provides HR leaders with more point-in-time numbers. For example, let’s take a look at the metric, Compa Ratio. Compa Ratio compares an individual employee’s salary to the midpoint of a given salary range.

COMPAS 52
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5 Ways to Promote More Gender Equity in the Workplace

Visier

But getting to the bottom of measuring pay equity at a given company is easier said than done. Start with simple metrics like “female ratio” (looking at the percent of total headcount that are female) by department, role, and/or location, and in your hiring pipelines.

COMPAS 174
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5 Ways to Promote More Gender Equity in the Workplace

Visier

But getting to the bottom of measuring pay equity at a given company is easier said than done. Start with simple metrics like “female ratio” (looking at the percent of total headcount that are female) by department, role, and/or location, and in your hiring pipelines.

COMPAS 150
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Employee Compensation: Everything you Need to Know

Astron Solutions

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. Since 1999, we at Astron Solutions have helped growing organizations, including businesses and nonprofits alike , streamline their HR strategies and better manage employees.

COMPAS 59