Benchmarking Employee Benefits: How Do You Compare?

Stratus

Using this as a benchmark, how does your company compare? Benchmarking Employee Benefits: Paid Time Off (PTO). Benchmarking Employee Benefits: Recruiting and Retention. Related articles: Benchmarking Employee Benefits: How Do You Compare? Benchmarking Takeaway.

Why Benchmarking is King

Allegis Global Solutions

Data analytics. I want to tell you about a secret weapon that will boost your talent acquisition process. It’s a weapon so elusive that only a few companies are unleashing it to ramp up their talent acquisition strategy and win over the best candidates.

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Just Released: The 2020 Hiring Benchmark Report

Criteria Corp

Today, we released the 2020 Hiring Benchmark Report , our third annual report based on a survey of 400+ hiring professionals. Download a copy of the report to see all the data and to benchmark your own organization’s state of hiring.

How Internal Communications Benefits From Data

PoliteMail

You’re not gathering data to simply check a box; You’re tracking your internal comms for a reason—to prove the effectiveness (or lack thereof) of a specific strategy or campaign. As you collect this data—things like open rates, attention rates, and click-through rates—what do you do with it?

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Benefits benchmarking data for better employee and organizational wellbeing

Recognize your strengths and identify opportunities to retain valuable employees, increase employee engagement and achieve organizational goals. See where you stand against trends informed by nearly 4,000 employers and face your future with confidence.

Engagement Multiplier Announces New Benchmark Assessment Survey

EngagementMultiplier

Engagement Multiplier, a leading SaaS employee engagement platform for small and medium businesses, today announced a new version of the company’s flagship Benchmark Assessment employee engagement survey, as well as a number of new platform capabilities and enhanced privacy protections.

Candidate Experience Benchmarking vs. Management

Survale

Candidate Experience Benchmarking vs. Management. When it comes to candidate experience benchmarking, theTalent Board’s CandE Research Program is the Gold Standard. Despite this connection, Survale goes beyond benchmarking. Candidate Experience Management or Benchmarking?

The Ethical Benchmarking of HR analytics

Analytics in HR

In this article, we discuss the state of the art of ethical benchmarking of algorithms and provide advice for practitioners in the field. Legal frameworks such as the European General Data Protection Legislation (GDPR) provide guidance in differentiating right from wrong.

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. However, while our research database is large enough to yield some fairly interesting insights, we sometimes find our clients become fixated on obscure, external benchmarks. How old is the data?

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

As our exposure to Big Data progresses exponentially, analytics and BI are playing an increasing role in overall corporate strategy. Few departments are exempt from regularly analyzing and reporting metrics to the C-suite, and long-term tracking of this data is invaluable. Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement.

2020 Database Strategies and Contact Acquisition Survey Report

As buyer expectations continue to heighten, marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. This report aims to highlight the current state of B2B database and contact acquisition strategies, and organizations’ goals to leverage data to fuel their go-to-market strategies in 2020 and beyond.

Anatomy of a Benchmark

Namely - Talent

Namely recently launched our Benchmarking Package to clients, an offering which provides quarterly reports of company-specific insights with tailored benchmark data layered directly on top. As part of the offering, we leveraged data science and machine learning to make it easier than ever before to compare the specific reasons employees are leaving one company relative to its peers. HR Technology Product Updates HR Data HR

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

Visier

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. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: Delivered within an analytics platform , HR benchmarking 2.0

New! DEI Survey, Dashboard, and Benchmark to Improve Inclusivity Efforts

Reflektive

Reflektive has developed a DEI survey, dashboard, and benchmark to help companies assess and improve their inclusion efforts. DEI Dashboard and Benchmarking. To easily view DEI survey data, HR teams can see real-time information in Reflektive’s pre-built DEI dashboard.

Industry Verticals, Organizational Cultures, and Benchmarking

ClaimVantage

These groups are so large that they often self-insure many of their insurance coverages, and soon terms like “benefits administration,” “workflow” and “benchmarking” become a regular part of your vocabulary. Institutional curiosity is still rampant, certainly, and big companies still want to know how their results stack up against their peer’s data. But remember, the context is FML, Disability and Workers Comp data provided by third-party administrators.

The Wellness Council of America’s (WELCOA’s) 7 Benchmarks to Building a Results Oriented Wellness Program

Speaker: Ryan Picarella, President, WELCOA

The Seven Benchmarks are an important part of building a results-oriented workplace wellness program. By following this proven methodology in your organization or with your clients, you can provide a credible framework which can be tailored toward organization specific values, mission, vision and goals for wellness. Organizations that are dedicated to the health of their employees are given a structure to help their organizations through the Well Workplace Process.

Raising the bar in benchmarking

Analytics in HR

Even the legendary Chinese general Sun Tzu was a sucker for benchmarking. In this article I’ll explore the origins, future, flaws, and benefits of benchmarking. . The origins of benchmarking. The term benchmarking (in its current meaning) originated in the eighties. He wanted to look into it and called for ‘a benchmark, something that I can measure myself against to understand where we have to go from here’. The flaws of current benchmarking.

HR Benchmarking: All You Need to Know to Get Started

Analytics in HR

Benchmarking is a practice used across industries to make comparisons between and within organizations. HR benchmarking helps make HR processes and policies at your organization more effective. Truly valuable benchmarking looks at the nuances of your organization and geography.

2020 XMI customer ratings benchmark data is live

Qualtrics

Are you interested in benchmarking your CX performance for comparing to companies like your own? The Ratings are a cross-industry, open-standard benchmark of customer experience measuring the performance of over 300 organizations across 21 industries.

Intent Data Industry News: Buyer Intent Data Tools Insight, ABM Benchmarks, 2020 B2B Marketing Predictions, and More

Aberdeen HCM Essentials

What happened in the intent data industry, ABM, and data-driven marketing for the month of October? We cover a 2019 market report on Global Buyer Intent Data Tools, the improved ROI of data-driven marketing, 2019 ABM benchmarks, B2B marketing predictions for 2020, and what’s working in intent-based strategies. Buyer Intent Data Tools Market Insights. In October, Acquire Market Research released its 2019 market report on Global Buyer Intent Data Tools.

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People Strategies for an Uncertain Future

Through interviews with HR and Future of Work thought leaders, third-party research, and insights gained from Visier’s experts and benchmarking data, we have uncovered three critical areas where leaders must rethink their talent approaches. This e-book provides recommended actions, HR best practices, and insights to seek out for each HR trend.

Getting Started with Relocation Data Tracking and Benchmarking

UrbanBound HR

The early stages of a relocation program are a lot like the first steps in a relocation. The first piece of information our Relocation Consultants ask for is where a person lives now, and where their destination city is. In the same way, you have to know where you’re starting from in order to get where you’re going. Relocation Policy Relocation HR

Twitter Chat Benchmarks #failchat

Laurie Ruettimann

But, from a marketing standpoint, there are specific, short-term Twitter chat benchmarks that I failed to hit. So I’m sitting here in my pajamas on a Sunday morning eating oatmeal (which always gets stuck in my teeth) and looking at the data and chat history. But Twitter chat benchmarks don’t lie. The post Twitter Chat Benchmarks #failchat appeared first on Laurie Ruettimann. Hey, everybody.

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

Visier

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. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: The demands of a volatile business world will lead to the rise of what I call HR benchmarking 2.0.

Compensation Benchmarking Software

HRsoft

There are many tactics enterprises can use to ensure they’re paying fairly and competitively, one of the most effective of which is compensation benchmarking. Here, we take a closer look at the practice, along with compensation benchmarking software, an innovative tool designed to help HR professionals. What is Compensation Benchmarking? The Challenges of Benchmarking. Compensation planning software makes benchmarking simple and efficient.

Small Business Guide to Comp Benchmarking

To compete in today’s market, you must know what the market pays for certain skills so you can develop fair and competitive offers. Understanding the market, then determining guidelines for pay isn’t just a nice to have for today’s talent, it’s a must have.

Benchmarking Makes Employee Survey Results More Powerful

Bonfyre

But now that you have the data, you’re probably wondering: “What next?”. Having data is one thing. Knowing what that data actually means and how to use it is another. Benchmarking your survey results can provide a look into how your organization improves over time and how it compares to similar companies. Benchmarking puts employee survey results into context. That’s why a combination of internal and external benchmarking is important.

Just Released: The 2019 Pre-Employment Testing Benchmark Report

Criteria Corp

Today we’ve released the second annual Pre-Employment Testing Benchmark Report for 2019. pre-employment testing Data benchmarks trendsWhen we launched the first report last year, our goal was to understand how companies make hiring decisions and what their biggest priorities are in today’s hiring landscape. We put out a survey asking hiring professionals to share their insights, and we got a wide range of responses from people across all industries and company sizes.

Redefining our Approach to Survey Data

Compensation Cafe

Having access to timely salary data is critical to organizations' ability to make informed decisions when it comes to securing talent and maintaining their competitive position. Imagine regular data feeds from participant HRIS systems.

3 Ways to Approach Benchmarking Hybrid Jobs

Compensation Today

Have you ever found yourself staring at lines of market data, wondering how you are going to benchmark your HR/Accounting Assistant, Recruiter/Front Desk Receptionist or Medical Coder/Billing Specialist? The problem is that benchmarking hybrid jobs is more complicated than simply “splitting the difference” between the market value of the two pieces of that job. Benchmarking hybrid jobs is more complicated than simply “splitting the difference.' BLENDING MARKET DATA.

How to Build Pay Grades and Set Salary Ranges

Speaker: Jennifer Ferris CCP & Paige Hanley CCP

Join PayScale’s compensation experts as they show you how to build ranges from a market-centered midpoint, and how to use market data to update or create market-based pay ranges. Choose benchmark positions and slot non-benchmark positions into your pay structure.

Introducing the 2018 Pre-Employment Testing Benchmark Report

Criteria Corp

pre-employment testing Data stats survey benchmarksEarlier this year, we set out to learn more about how companies incorporate pre-employment tests into their hiring processes. We put out a survey asking hiring professionals to share their perspectives on everything from hiring priorities and tactics, the types of tests they use, who they’re choosing to test, and what stage of the hiring process their administering those tests.

New Benchmarks and a 2-Speed Strategy to Close Competitive Gaps

ClaimVantage

Switching the Benchmark. Before we begin looking at the external pressures and how to close the gap, we should look outside of insurance for a moment at the concept of the benchmark. In the world of investing, certain investments, such as mutual funds, use benchmark funds.

How to Leverage Your Workforce Data to Meet DEI Goals

Trusaic

Data is key to uncovering and resolving workplace issues around diversity, equity, and inclusion (DEI), and a Harvard Business Review article dives into how organizations can leverage their data to increase equality in the workplace. Use DEI Data to Create New Norms.

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The HR Benchmarking Data Guide (& Why Beating The Benchmarks Isn't Enough)

Perceptyx

That’s why benchmarks are so important for understanding survey data; they are designed to provide context and meaning for interpreting your scores. Interpreting survey scores without any context can be challenging. How do leaders know if their 70 percent score is really good or really bad? What does it mean? Employee Survey

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. Year-over-year data shows you the impact of any actions you took as a result of a previous survey. Benchmark comparisons give you the added context of how your organization is doing relative to your peers.