Benchmarking Pay for the US National Soccer Teams

Compensation Today

They have two main steps: benchmarking the position and defining the market. Benchmarking the position. We’ll need to find an appropriate benchmark job as our basis for comparison. Compensation Plans benchmarking jobs

Top Employers and other benchmarks

Strategic HCM

One of things I've been meaning to post about is Top Employers and other forms of benchmarking. Other employers will be happy with the trade-off in validity vs reliability and they might want to engage in process benchmarking ie going to and studying one organisation in-depth.

Trending Sources

Benchmarking and Executive Compensation

HRE's The Leader Board

Executive-pay packages often don’t include a comparison of company performance and its competitors are regularly approved by boards of directors, and many have wondered why. New research by University of Michigan professor Martin Schmalz and co-authors Miguel Anton and Mireia Gine of the IESE Business School and Florian Ederer of the Yale School of Management helps explain why—and why benchmarking happens more in some industries than in others.

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. Benchmarking Bypass. Compensation planning and administration can be an odyssey.

How Workday is Doubling Down on Data and Analytics

Workday

We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics. In other words, the metrics you have about your business may be robust and informative, but without deeper analytical insights—achieved with greater context and direct comparison with similar companies—the “why” remains more elusive. Workday Benchmarking, our first Data-as-a-Service (DaaS) offering, is now generally available.

It’s About More Than HR: Analytics Learnings from Tom Davenport and Dr. John Sullivan

Visier

It includes benchmark comparison numbers.

Workday Unveils Data-as-a-Service Based on Customer Demand

Workday

There will be several components to this offering over time, but we’ll start by delivering best practice benchmarking that lets customers uncover insights around organizational performance with peer comparisons. How will customers participate in the benchmarking service? Customers aren’t satisfied with the current options they have for benchmark data. They also aren’t satisfied with the current options they have for benchmark data.

Transformation: Start By Understanding What Success Looks Like

SuccessFactors

Benchmarking your current performance to create a baseline for comparison is often a first critical step in the process. If you have questions about the SAP Ariba Benchmark Program, contact us at cloudbenchmarking@sap.com.

8 Questions to Ask for Effective HR Reports

EmployeeConnect

It’s critical to evaluate staff strengths and weaknesses, training, education and the company’s current and long-term needs to determine which information and benchmarks are critical for defining progress or indicating that remediation is needed. The ability to generate custom HR reports is critical because the benchmarking process varies widely among departments and company stakeholders.

11 Ways 360-degree Feedback Can Fall Short

Decision-Wise

We are often asked for “norms” or “benchmarks”—comparisons against other individuals or organizations. However, benchmarks may be skewed or ineffective as it is comparing apples to oranges in many cases.

Point Factor Job Evaluation Concisely Summarized

Compensation Cafe

Point plans were originally created to apply internal equity to jobs that could not be appropriately matched to competitive market benchmarks. This permits the interval-based interleaving of unique jobs with benchmark jobs sharing similar overall value scores. . Warning!

The Reason Companies Should Calculate Cost Per Hire

HR Bartender

I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities. However, it is a complicated metric by comparison. Every once in a while, I run across an article that talks about why organizations shouldn’t calculate cost per hire.

Boosting Your HR with a Gamification Program

EmployeeConnect

Being able to visualise their performance in comparison to a benchmark will help people make further progress. Gamification or in other words, the application of game mechanisms to other non-game areas, has spread to many domains in the past few years: social media, loyalty programs, and of course… HR! But since the word has become a staple of the business world, have you actually leveraged gamification in your organisation?

Culture Crash Course Lesson 1: What is Company Culture?

CultureIQ

Operational Culture: Objective and Benchmarked. This operational culture benchmark enables you to measure and interpret your culture over time and see how you stack up when compared to similar organizations.

Why People Leave Their Jobs (and How Their Reasons Should Shape Your Organization’s Talent Strategy)

Something Different

We’ve learned to focus on moments that allow people to make these comparisons.”. . ^In …In some ways this is a healthy line of thinking – focusing on the next milestone and benchmarking your performance is a good way to stay focused on your career and developing yourself.

Benefits of the Single-Instrument Assessment Approach

InforHCM

This Custom Performance Profile is created using a patented process and acts as a specific benchmark unique to a given job within a given company. What if I told you that the same assessment could be used to predict success across a multitude of jobs?

Organizations Must View Employee Engagement As a Long Term Business Activity

HR Bartender

The first time an organization conducts a survey and receives their eNPS score; they’ve established a baseline that they can use for future comparison. Workify’s benchmark data shows that organizations consistently see that communication and collaboration are the lowest scoring indicators.

How to Measure Quality of Hire

HR Daily Advisor

While some of these measures are clearly subjective, they can be useful as a benchmark and point of comparison over time. Getting the right person in the right job is obviously a crucial component of successful talent management.

How to Power Your Company Culture with Data and Feedback Loops

Entelo

Sales were falling at its stores and only 16% of them were meeting the company’s customer service benchmarks. Lock In KPIs and Benchmarks. That’s why setting up internal company culture KPIs and benchmarks are essential to fully leveraging the data you collect.

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types - DecisionWise

Decision-Wise

The service typically includes a standard employee survey with little or no customization, templated reports, benchmarking comparisons, and prescribed recommendations. Engagement Survey Specialists : These providers offer a full-service employee engagement survey offering that typically includes customized research-based surveys, robust online reporting, industry benchmarks, in-depth analysis, action planning tools, and expert consulting.

HR Metrics for the C-Suite—Make HR’s Voice Heard!

HR Daily Advisor

Presentation consistency: If you’re presenting multiple charts with the same data (perhaps doing different comparisons, for example), be wary of changing key elements. This makes comparisons simpler and faster, with less room for error. Don’t forget about benchmarking and showing important trends. A data point means much more when there is a basis for comparison. When possible, benchmark both internally and externally.

Why Investing in a Talent Management System Should Be a Priority at Your Dealership

Hireology

An integrated hiring and talent management system includes easily accessible robust analytics so decision makers at your dealership can see such insights as hiring velocity and hiring process adherence across locations and managers – and in comparison to industry benchmarks.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

They currently support only 200 users, yet have a 15-person analytics team: a team size even large enterprises can only dream of, and a team five times larger than necessary — t he benchmark is one analytics team member per 3500 staff in an organization.

Your Role in the Automation Revolution

Effortless HR

Here are 4 factors for leaders to consider as you make steps towards full automation of your AP processes: Establish Benchmarks. Before you implement any new process for AP Automation, begin with the basic benchmarks. It will serve as a basis for comparison once your implementation is complete. Author: Jeff Frankel. AP Automation can mean process efficiencies, increased visibility and better accountability for your organization.

The Basics of Big Data, HR Analytics & Predictive Analytics

SMD

time to fill) and comparisons to benchmarks (e.g., There are lots of words and concepts floating around the HR world these days that are new or different from the traditional approach – ones like “big data,” “HR analytics,” and “predictive analytics.”

Is Your Company Following its Compensation Philosophy?

Workday

By regularly conducting fair market salary benchmarking, you can identify if there are any major gaps in your compensation plan. Market comparison. Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing.

AON 11

The Myth Of Right-Skewed Performance Rating Curves

SuccessFactors

Therefore, when making internal comparisons of all employees’ performance, it’s acceptable and even logical to give the majority of our ‘best people’ in the workforce above-average performance feedback, and the resulting distribution of rating results should veer to the right.”.

SaaS Economics, Competitive Moats, And Interrogatory Configuration

In Full Bloom HR

When I see cost comparisons between on-prem and true SaaS, it’s almost always done on a TCO basis from an IT cost perspective. [You may also enjoy my “Firing Line with Bill Kutik” episode on this.].

How to Protect Your Brand with a Stand-Out Severance Package

RiseSmart

And with the transparency and prevalence of employer brands on the Internet, know that you will be judged in comparison to your competitors. How to Protect Your Brand with a Stand-Out Severance Package The RiseSmart Team Wednesday, November 26, 2014.

The Impact of UK’s Shared Parental Leave Law – Ask #HR Bartender

HR Bartender

Michael is the editor of XpertHR’s Benchmarking data service. For comparison purposes, average weekly earnings for UK workers are £459, according to latest official data. I recently received a question about the United Kingdom’s Shared Parental Leave law.

Continue Planning Your Salary Strategies: Don’t Forget Compressions, Job Descriptions, and More

HR Daily Advisor

Use job descriptions for comparisons to benchmark jobs. In yesterday’s Advisor , Amy Letke, SPHR, GPHR of Integrity HR, Inc., walked readers through the ins and outs of market data aging factors: Lead, lag, or lead/lag—each has its own merits depending on the needs of your organization.

Five Essential Fixes for Amateur Talent Management Tactics

Visier

When looking internally, a basic comparison of employee tenure won’t reveal who is the most competent employee for the job. Take this quiz to find out if impulsive managers are holding you back. That fly-by-the seat-of-your-pants approach to talent issues.

Product Preview: What are the HR Pros Saying?

Outmatch

Comparison of company analytics to other industry analytics for benchmarking your selection results. “ It’s a game changer.” “ Staff thinks it’s wonderful.” “ I’m a raving fan. I’d hold a bake sale to fund it, if needed.”

What Other Employers Can Learn From Uber: Recognizing and Combating Sexism in the Workplace

Compensation Today

Start with a gender earnings comparison – through a compensation analytics tool or via spreadsheet – to see if there are any uncovered pay inequities in your organization. Last month, a former Uber employee recounted her “ very, very strange year ” at the organization as a female engineer.

A Quick-Start Guide to Creating a Salary Structure for Your Company

Insperity

The surveys cover “benchmark jobs” These are common jobs in the market where duties and responsibilities are generally defined. Once you have identified the benchmark jobs that “match” (i.e., median) across the benchmark jobs.

Can The Internet Of Things Mitigate California’s Historic Drought?

SAP Innovation

They also do not have any benchmark analysis how they compare to other growers. Provide farmers and growers with benchmarking capabilities, or peer comparison data on their water use.

A Quick-Start Guide to Creating a Salary Structure for Your Company

Insperity

The surveys cover “benchmark jobs”. Once you have identified the benchmark jobs that “match” (i.e., You can extract the market rate data and analyze it based on simple comparisons – the dollar and percentage differences between what employees are paid at your company and what the market rates are for similar positions – and more advanced statistical procedures. median) across the benchmark jobs.

10 ways to make your employee engagement process more strategic

Newmeasures

Focus on strategy, not norms.While reflecting on survey results in comparison to benchmark data can give you context, it often takes your eye off the ball.

Employee Benefits 101: An Employer Guide for Growing Companies (Part One)

Namely

While talking to your people, also benchmark what your competitors’ plans look like. For comparison’s sake, only 23% of part-time workers had medical care benefits available. Use this number for comparisons as you review each plan.

4 Big Reasons to Automate Your Expense Management

Insperity

to process an expense report manually, according to the 2013 Travel and Expense Management Benchmark Report by Paystream Advisors. By comparison, the report found that organizations with fully automated and integrated systems had costs as low as $7.60 Too many companies today are still manually processing travel and entertainment (T&E) expense reports. If this includes yours, consider how much more efficient and cost-effective it might be to automate that process. Save money.