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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: to “we need to act.”

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Don’t forget internal talent in workforce planning and recruiting

HRExecutive

After breaking down cross-industry data on internal hiring, we provide guidance for how to benchmark this measure and think critically about your use of internal hiring. At the very least, internal hires already understand your organization’s culture and what matters most to the business, which can help to reduce time to competency.

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Compensation Packages That Drive Executive Performance

Professional Alternatives

A lot of people simply assess the data out there on executive pay then benchmark their structure against that of an industry peer and this can be counterproductive when it gets to compensation packages. Private companies often compete for talent with their public rivals who possess equity at their disposal. 3) Redefine the Business.

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How to Develop a Staffing Planning (With Staffing Plan Example)  

Analytics in HR

It highlights the roles needed in each business unit, the required skills and competencies, succession planning, staffing budget, and ongoing development. This might entail growth targets, productivity benchmarks, or specific project outcomes and address current and future staffing needs and challenges.

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Performance Appraisal: The Ultimate Guide

Analytics in HR

Have the tools to set future performance goals – The goals and benchmarks your company is achieving now are a good indication of what goals to set in the future and at what pace your business can achieve them. Define competencies Every job position has a predefined set of competencies required to do them successfully.

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The Answer to Your Hiring Challenges May be in

Sterling Check

Over 1,200 HR professionals and more than 3,700 recent job seekers across multiple regions and industries participated in the survey, published in July 2022: Hiring Reimagined: Sterling’s 2022 Benchmark Report Provides Optimistic Outlook for HR Professionals.