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.

How to Prepare for the Next Wave of HR Benchmarking

Visier

HR benchmarking first hit the scene in 1980 , giving organizations a way to assess relative performance for important measures such as turnover. In this first wave of benchmarking, HR had to leverage surveys and other data that was often self-reported, and therefore subject to bias.

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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. Enter HR Benchmarking 2.0:

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. Enter HR Benchmarking 2.0: The post Why Benchmarking 2.0

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.

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. How old is the data?

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? 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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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.

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.

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. Hey, everybody.

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.

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.

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. What is Compensation Benchmarking? The Challenges of Benchmarking.

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 trends

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.

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.

Recruitment Operations Statistics and Trends: A 2020 Benchmark Report

Yello

It’s no surprise that measuring recruitment operations success comes down to data. When it comes to recruitment operations benchmarks, understanding what’s going on outside your organization may be key to assessing whether you’re on point or behind the curve.

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.

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? Benchmarking hybrid jobs is more complicated than simply “splitting the difference.'

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.

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.

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.

Recruitment and Retention Through Salary Benchmarking Data

ADP

Salary benchmarking data can help you retain your best executives and ensure that you recruit top talent. Here's how

5 ways to use the new Qualtrics Digital CX Benchmark

Qualtrics HR

The Qualtrics XM Institute is excited to announce the launch of a new digital benchmark initiative – the XMI Customer Ratings – Digital. Once you have a sense of how your data is trending, it’s essential you then act on it.

Intent Industry News: ABM Benchmarks, Data Strategy, B2B as B2C, and More

Aberdeen HCM Essentials

This week, we’re looking at headlines related to intent data and data-driven marketing from the month of September. Live Webinar: ABM Benchmarks for 2020. In an upcoming webinar on October 16 , Demand Gen Report will share its findings from the latest ABM Benchmark Survey.

Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor

HR and business leaders see this firsthand as they fight to keep innovative, eager talent engaged and on their teams and are leveraging their people data to improve the hiring and talent retention process. Benchmarking. However, as the world of work evolves, so are benchmarking tools.

Jobvite 2018 Recruiting Benchmark Report: How Do Your Funnels Look?

The HR Capitalist

Every year they release a Recruiting Benchmark Report offering a unique combination of data and guidance: summary and analysis of industry benchmark data, along with strategic advice to help you measure, improve and optimize every step of the recruiting funnel.

Key hiring metrics: Useful benchmarks for tech roles

Workable

So, to help you determine how effectively your company hires for tech roles, we’ve created benchmarks of key hiring metrics based on anonymized data from millions of candidates processed in our system. How does your tech recruiting process compare to that of other companies?

Benchmarking and Surveys Gauge if Employee Benefits are on Target

Corporate Synergies

Benchmarking and surveys help employers zero in on options that workers deem valuable. Benchmarking and surveys provide solid answers. They turn to benchmarking and employee surveys to build and validate benefit plans. Benchmarking studies yield details like: Medical plan type.

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.

Key hiring metrics: Useful benchmarks for tech roles

Workable

So, to help you determine how effectively your company hires for tech roles, we’ve created benchmarks of key hiring metrics based on anonymized data from millions of candidates processed in our system. Stories & Insights Inside HR Tech & Data Hiring process Recruiting data

Jobvite 2018 Recruiting Benchmark Report: Source of Hire Report!

The HR Capitalist

Every year they release a Recruiting Benchmark Report offering a unique combination of data and guidance: summary and analysis of industry benchmark data, along with strategic advice to help you measure, improve and optimize every step of the recruiting funnel.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

Why Being Data-Driven Isn’t Enough

Visier

Even the most qualitative departments, such as Marketing, moved from “art” to “science” through the use of data. . Indeed, the “art” of modern business is that everything can be quantified and measured, and data is now the single most important type of capital that an enterprise can own.

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Benefits of Benchmarking

Mercer

Leveraging solid benchmark data over time allows you to understand trends in the benefits market and how they apply to your company. The post Benefits of Benchmarking appeared first on Mercer PeoplePro Blog. Entrepreneur Health & Wellness Hr Human resources Small business advice Small business hiring small business incubator Small business news Start ups

Collection Issues or Corporate Problems? The Value of Benchmarking Data

ADP

Here's the value of benchmarking data Are collection issues or corporate problems your HR challenge?