This all changed in 1980, when Dr. Jac Fitz-enz — now celebrated as the father of modern HR — founded the Saratoga Institute , and developed the first international HR benchmarking service. Enter HR Benchmarking 2.0: The post Why Benchmarking 2.0 MORE

This all changed in 1980, when Dr. 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. Enter HR Benchmarking 2.0: MORE

Evaluations or ratings generally include the sign of the feedback (positive or negative) and should include links to business outcomes and comparisons to past performance and organizational standards (not rankings or comparisons to other employees). HR Benchmark Group, 4(2) , 1-38. MORE

But autonomous analytical innovations can predict candidate suitability based on concrete data, performance history, and competency. Performance-driven people analytics offer a wealth of insight into individual output and competency. It’s official – the data revolution is in full swing. MORE

In particular, as HR management has become a more complicated and intricate profession, the software designed to support the profession has become a maze of intersecting, overlapping, and competing product areas. Based on the results of these evaluations, performance management tools help employees improve and develop to meet current or future benchmarks. Corporate Learning Management Systems (Corporate LMS) are online systems used for training and development. MORE

2) BENCHMARK JOB Definition: A job commonly found in the market. Why it matters: Often misunderstood but a very critical part of evaluating compensation is the benchmark job. A benchmark job is what you use to compare pay at your company with pay in the market. MORE

Download the Employer Benchmark Report to find out. Throughout this article are comparisons to The 2018 Yello Diversity Study. Please note: The same populations and methodologies were not used between 2018 and 2019, and therefore, the two reports are not a direct comparison. MORE

Identify trends in areas such as performance reviews, absences, time since last promotion, and training scores. When an employee receives a competing offer, their manager’s first instinct may be to match it. MORE

Social comparison bias. Talented candidates who could’ve been trained to excel, will have found another job. You should think about what you are trying to assess when you ask competency based interview questions like how a candidate handled a difficult client. A sound benchmark to aim for is 80/20 listening/talking and avoid sounding arrogant or insincere. Interviews have been the hardest part of the hiring process throughout their history. MORE

To find these stronger candidates, I suggest the basic hiring criteria should be a series of key performance objectives (KPOs) rather than a list of skills, experiences, and competencies. Separating sourcing from recruiting never made a lot of sense to me. MORE

While we talk about ROI (Return of investment), this is actually a short terms financial return, in comparison with competitive advantage, which is a long term financial return. Impact : Think about analytics in the space of competency development and validation. MORE

Here are four reasons HR should learn from game designers to improve their HR performance: Gamification Creates Engaging Training Programs You won’t debate the fact that fun makes learning more enjoyable. Gamification Creates Advocacy and a Positive Brand Perception Beyond the obvious benefits of gamification to create engaging training courses, it’s really your employer branding that can benefit from this strategy. MORE

These employers can define top performers in their organizations and use those metrics and competencies to identify candidates who are similar. What leads performance is an organizational structure that guides and supports the career and development of employees explained by the 68% of workers who believe training and development is the most important workplace policy. ClearCompany's Employee Onboarding Software lets you manage the training and integration process for new hires. MORE

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! MORE