Eight Concerns With Employee Engagement Benchmarks - DecisionWise

DecisionWise

When we design employee surveys for our clients, it’s common for them to ask us about benchmarking and how it can help their company. This is a good question, because benchmarks are a quick way to see if your organization is on the right track.

Industry Verticals, Organizational Cultures, and Benchmarking

ClaimVantage

For instance, hospitals operate very differently than law firms, of course, but they also have some things in common culturally: Both industries tend to have employers that are often quite “paternal” about employee benefits.

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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. The post Culture Crash Course Lesson 1: What is Company Culture?

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Best Practices for Compensation Comparison

Zenefits

For employers, compensation comparison can feel a bit intimidating. Let’s take a look at some best practices for compensation comparison and determining compensation for employees. In this article, we’re going to discuss 5 best practices for compensation comparison and salary determination. Make sure it takes into consideration your field, the size of your company, the benchmarks of similar companies, and the details of the role.

A Crash Course in Job Descriptions

HR Daily Advisor

Create a point of comparison between different roles within the organization, which can help to determine the appropriate salary level and salary structure within the organization. This can also be compared externally when benchmarking salary levels.

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.

Listen Up, Employers: Here Are 4 Employee Engagement Mistakes You Don’t Know You’re Making

Get Hppy

Benchmark: where do other similar companies stand in comparison? Of course you don’t — because there’s nothing to hear. Developing ongoing strategies for employee engagement can be, in a word, challenging.

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. Feedback loops ensure that things, negative and positive, don’t go unmentioned or unnoticed for too long, and also offer the opportunity for regular course corrections as necessary.

Developing a Compensation Plan, Step 3: Select Data Sources

Compensation Today

Sign up for the course! These sources can be up-to-date, easy-to-use options for comparison. The definition of a benchmark job is that it is a job that regularly exists in the market (to compare your jobs with the market, those jobs need to exist in the market).

Developing a Compensation Plan, Step 2: Define Your Strategy

Compensation Today

Sign up for the course! The next two lessons in building your compensation plan will teach you how to perform compensation benchmarking. Your compensation strategy should answer these three key questions: What talent market(s) do you intend to use for comparison for your organization?

Boosting Your HR with a Gamification Program

EmployeeConnect

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! 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.

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. Consistency over time: If you usually present turnover per quarter, don’t randomly switch to presenting turnover per month the next time you present the data—unless it’s requested, of course.

3 Must-Read Digital HR and HR Tech Articles of October 2018

Digital HR Tech

This used to be a market of annual surveys, benchmarks, and year-to-year comparisons. Over time, these annual surveys turned into benchmarking exercises. Welcome to another brand new edition of our ‘Must-Read Digital HR and HR Tech Articles’.

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How Does CPI Relate to Wage Increases?

HR Daily Advisor

For example: If you generally try to base wage increases on increases in costs of living, CPI may be one gauge utilized to determine how much an individual’s cost of living has gone up in the course of a year. Specify the benchmark date so that you have a point of comparison.

Simplifying The Complex—5 Misunderstood Employee Benefits

PlanSource

Of course, you can’t talk about HDHPs without their trust companion—the HSA. According to our 2019 Benefits Benchmark Report, we are seeing contributions to benefit accounts increase, though there is still a long way to go. Employee benefits are complicated, to say the least.

Advanced Analytics for Agile Organization Design: 5 Principles

Analytics in HR

There is still value in benchmarking and comparisons of organization’s structures, but the cost optimization story has its limitations: no organization started from nothing and then cut costs…. Organizations are more than a list of people.

How to Increase Quality of Hire by Only Sourcing Semi-finalists

Linkedin Talent Blog

Most hiring managers will agree that this is a better benchmark for assessing candidates and making the final yes/no hiring decision. Separating sourcing from recruiting never made a lot of sense to me.

4 New Job Post Stats That Will Help You Attract Candidates

Linkedin Talent Blog

If it seems to be taking a bit longer than usual to find the right candidate—these benchmarks reveal that the rest of the industry is right there with you. Of course, writing a job post is still an art. When you’re writing a job post , it’s hard to know what works.

SaaS Acquisition: The Hidden Risks of a “Frictionless” Sign-Up Flow

Business2Community

This, of course, was detrimental for non-technical users who just wanted to review the app. At the very least, that exceeded industry benchmarks ( for what they’re worth ). Our conversion metrics didn’t connect to more important ones: activation rate and, of course, revenue.

“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

The conversation about the wage gap is usually limited to the direct numbers comparison, and while that is an easy way of showcasing the disparity, it doesn’t paint a broad enough picture to truly understand what’s happening.

Interviewing techniques: 10 mistakes experienced interviewers avoid

Workable

Social comparison bias. Of course, that doesn’t mean you should get carried away bragging about your company. 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.

How to Deal With Colleagues in Denial

Business2Community Leadership

Of course, people may hold false beliefs in any type of organization. We make these mistakes not only in work, but also in other life areas, for example in our shopping choices, as revealed by a series of studies done by a shopping comparison website.

How to Measure If a Candidate Will Be a Quality Hire, Before Making the Offer

Linkedin Talent Blog

Of course, these types of historical measures are assessed too late to manage incoming candidate quality. It’s important to note that the ranking scale is non-linear and the assessment is made in comparison to real job needs.

7 of the Best Appointment Scheduling Software Solutions for your Business

Homebase

This incentive alone is an excellent reason to give this platform a try and see how it stacks up to others you’ve tried in the past, or use it as a benchmark for future comparisons if you’re just getting started in your search. .

HR Consulting Firms for Small Businesses: 15 Leading Experts

Astron Solutions

For a thorough overview of the purpose and functions of human resources for small businesses, check out the Small Business Administration’s introductory course. Industry benefits benchmarking for your company’s sector and size.

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.].

Demystifying Survey Statistics

Newmeasures

On many surveys, benchmark data are reported in terms of a percentile ranking. As a word of caution, while normative percentile rankings give you a sense of comparison, they fail to account for context. Such data can be extremely powerful in spurring organizational change, but without care, it can lead to the wrong conclusions and set you off course. The role of HR is changing in many ways.One major shift is the use of HR analyticsfor data-driven decision making.

20 Factors You Need to Include In Your Business Case to Get More Recruiting Budget

Linkedin Talent Blog

You must, of course, show the direct connection between any improved recruiting results and those strategic goals. Unless you convert them to a standard of comparison, their dollar impacts on corporate revenue.