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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’. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Yet, even with compensation holding a top spot at the rewards table for quite some time, it wasn’t traditionally talked about openly, nor was public data widely available to make comparisons. Do you look at industry or peer company pay benchmarks? MORE
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. . MORE
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. MORE
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. MORE
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? MORE
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? MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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.]. MORE
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. MORE
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. MORE
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. MORE
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). MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
DecisionWise
MAY 29, 2018
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.
ClaimVantage
JANUARY 24, 2018
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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CultureIQ
DECEMBER 13, 2016
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?
Zenefits
JANUARY 16, 2019
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.
HR Daily Advisor
NOVEMBER 25, 2015
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.
HR Bartender
SEPTEMBER 26, 2017
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.
|
Get Hppy
JUNE 28, 2018
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.
Entelo
OCTOBER 21, 2016
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.
Compensation Today
SEPTEMBER 11, 2017
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).
Compensation Today
SEPTEMBER 8, 2017
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?
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EmployeeConnect
SEPTEMBER 11, 2016
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 Daily Advisor
APRIL 6, 2015
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.
Digital HR Tech
NOVEMBER 5, 2018
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’.
HR Daily Advisor
JUNE 11, 2015
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.
PlanSource
APRIL 9, 2019
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.
Analytics in HR
OCTOBER 8, 2018
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.
Linkedin Talent Blog
OCTOBER 16, 2019
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.
Linkedin Talent Blog
AUGUST 1, 2018
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.
Business2Community
FEBRUARY 7, 2020
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.
Thrive Global
JANUARY 15, 2020
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.
Workable
MARCH 15, 2016
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.
Business2Community Leadership
DECEMBER 26, 2019
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.
Linkedin Talent Blog
NOVEMBER 8, 2016
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.
Homebase
JULY 1, 2019
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. .
Astron Solutions
SEPTEMBER 9, 2019
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.
In Full Bloom HR
OCTOBER 22, 2016
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.].
Newmeasures
JULY 9, 2014
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.
Linkedin Talent Blog
MARCH 22, 2016
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.
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