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Why Benchmarking 2.0 is a Must-Have for Influential HR Leaders

Visier

Jac Fitz-enz — now celebrated as the father of human capital strategic analysis and measurement — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old.

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Why Benchmarking 2.0 is a Must-Have for Influential HR Leaders

Visier

Jac Fitz-enz — now celebrated as the father of modern HR — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0:

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Why Ranking Employees Against Each Other Doesn’t Work

Reflektive

At one point, we all used benchmarks: From childhood through higher education, we had clear grades presented to us multiple times a year to let us know exactly where we stood in comparison to a mandated rubric. Some of us found being measured against that external benchmark comforting, and some found it asinine. Click To Tweet.

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How to Use Employee Benchmarks

Namely

When using employee surveys, it’s important to have comparison data so you can track how you’re doing over time. There are generally two ways to compare your data—to your own results year-over-year or to a benchmark. Benchmark comparisons give you the added context of how your organization is doing relative to your peers.

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Compensation Management: Salary Benchmarking and Beyond

Zenefits

There are several salary comparison tools to help aggregate data for specific roles. Indeed also provides a free tool for salary comparisons. This process is called compensation benchmarking. How is compensation benchmarking done? What are some other means to evaluate compensation without benchmarking?

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Benchmarking and Executive Compensation

HRExecutive

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. “But it’s actually not that puzzling once you analyze these shareholders’ economic incentives.” companies. .

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Maximizing the Effectiveness of 4 Common 360-Degree Feedback Strategies

DecisionWise

Likewise, allowing them to select their own raters, giving them complete and sole control of their reports, providing them with coaching resources, and relying less on benchmark comparisons are all things you can do to communicate through the process that the 360 is being administered for the purpose of individual development.