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?

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. These Giga companies, with seemingly endless resources, have still all fallen victim to biases from the input data, triggering unwanted and unintentional outcomes.

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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.

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. Yello’s 2020 Recruitment Operations Benchmark Report reveals trends across multiple industries and a variety of job categories. 2020 Recruitment Operations Benchmark Report.

Strategic Reasons you need a new Human Capital Management System

HRchitect

A lot of systems in use today have been in place for 15, 20 even 30 years! These systems may be “supplemented” by one or more point solutions that serve as an Applicant Tracking system, support Performance Management or administer and deliver training programs. So, how do you build that strategic business case for your new Human Capital Management System? #1 Without a system that is tracking time accrued vs time used, this task is almost impossible.

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. Go download the Jobvite 2018 Recruiting Benchmark Report by clicking here!!!! --. This data matches what we saw at Kinetix (my recruiting company) across 4500 hires for clients last year.

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. By comparing your own numbers against these benchmarks, you can determine what areas of your hiring process are normal and what areas need optimizing. Our system is designed to measure time to fill by default.

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. By comparing your own numbers against these benchmarks, you can determine what areas of your hiring process are normal and what areas need optimizing. Our system is designed to measure time to fill by default.

Benefits Benchmark Report: Top Takeaways For 2019

PlanSource

We’re excited to share the first annual PlanSource Benefits Benchmark Report. This groundbreaking annual report is based on real user data from the PlanSource benefits administration platform. The enrollment data represents trends established from the more than 92 million benefit elections that have been made in our system. If you’re wondering what the report contains and what to make of the data—we’ve got you covered with our top takeaways for 2019.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

Data is now the most valuable currency in the world. But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades. But what exactly is HR data analytics and how can HR leverage it to achieve organizational goals? HR Data Analytics Definition. From Data Reporting to Prediction: A Retention Case Study.

How Workday is Doubling Down on Data and Analytics

Workday

We’re living at a time when we’re awash in data, but short on ways to quickly turn that data into information we can act on with confidence. Much like the sailor in the classic Samuel Taylor Coleridge poem who laments, “Water, water, everywhere, nor any drop to drink,” the problem isn’t the quantity of data. We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics.

5 ways to use the new Qualtrics Digital CX Benchmark

Qualtrics

The Qualtrics XM Institute is excited to announce the launch of a new digital benchmark initiative – the XMI Customer Ratings – Digital. Customer expectation is extremely high when it comes to digital experience , and the data we collected shows that industries are largely meeting those expectations. Create a system of action. Once you have a sense of how your data is trending, it’s essential you then act on it.

How To Design An Effective Performance Management System?

Possible Works

In the ever-changing business scenario and the evolving workforce dynamics, performance management systems have become a useful way to better manage the human resources in an organization. This necessitates that organizations analyze the effectiveness of their current performance management systems. Define the organizational objectives and individual performance goals that you want to achieve by implementing a performance management system.

Data-Based Strategies to Recognize, Reward, & Retain High-Potential Employees

Ultimate Software

With the right strategy and tools, identifying and developing both current and future high-potential employees becomes data-driven and highly effective. The post Data-Based Strategies to Recognize, Reward, & Retain High-Potential Employees appeared first on Ultimate Software's Blog.

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2019 Benefits Benchmark: 40% Of Employees Wait Until The Last Minute To Enroll

PlanSource

We’re excited to share the first annual PlanSource Benefits Benchmark Report. This groundbreaking annual report is based on real user data from the PlanSource benefits administration platform. The enrollment data represents trends established from the more than 92 million benefit elections that have been made in our system. One of the most popular questions we get about our platform relates to how typical employees actually use the enrollment system.

How to Harness Peer Performance Data for Strategic Planning

360 factors

Every business keeps track of how their competitors are doing but to truly turn this knowledge into a strategic advantage, businesses need to codify the process of peer benchmarking. These reports contain a treasure trove of data that can deliver amazing insights.

2019 Benefits Benchmark: Medical Plans Diversify As Costs Continue To Rise

PlanSource

We’re excited to share the first annual PlanSource Benefits Benchmark Report. This groundbreaking annual report is based on real user data from the PlanSource benefits administration platform. The enrollment data represents trends established from the more than 92 million benefit elections that have been made in our system. If you’re wondering what the report contains and what to make of the data—we’ve got you covered with our top takeaways for 2019.

Elements of A Great Employee Performance Management System

EmployeeConnect

The power of a modern performance management system comes from aligning technology, human resources and the company’s top C-suite executives in efforts to ensure that the system works as intended. Annual reviews have given way to more frequent feedback and guidance for most companies that use a performance management system. Any performance management system needs support throughout your organisation if you hope to succeed.

10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making. In order to satisfy both these needs, the next section provides the top 10 most strategic reasons for shifting to a data-driven high business impact approach.

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How to Improve Culture Using Real-Time Data

Reflektive

Here, we provide a how-to guide for defining, collecting and responding to real-time data to continuously iterate on and improve employee engagement in a scalable way. You should seek to gather data that can help you pinpoint what causes changes in environment — from broad economic cycles to internal management changes. Leveraging Real-Time Data. Creating a culture that supports company growth requires one critical tool: real-time data on employee engagement and performance.

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Workday Unveils Data-as-a-Service Based on Customer Demand

Workday

During today’s Workday Rising Executive Keynote, Workday leaders unveiled plans to deliver Data-as-a-Service (DaaS). With DaaS, customers will have the option to contribute their Workday data, which we will anonymize and aggregate. Then, the anonymized, aggregated data will be provided back to customers as useful metrics and trends representative of our collective customer community. How will customers participate in the benchmarking service?

What Recruiters Can Learn From Marrying Pre- and Post-Applicant Data

Cornerstone On Demand

Yet almost three years later, this is still what talent acquisition leaders are doing: Relying on a single source of application as a benchmark for investing millions of dollars and resources into certain channels and strategies. The Candidate Journey Doesn't Start at the Application This is a problem for two main reasons: Source of hire is largely tracked through candidate self-selection in the Applicant Tracking System (think: Where did you hear about us? ).

Data-driven recruiting 101: How to improve your hiring process

Workable

Traditional recruiting used to rely on luck and intuition more than data, which was time-consuming to amass and analyze. But now, with a wealth of software and analytics tools available on the market, anyone can create a data-driven recruiting process. What is data-driven recruiting? Data-driven recruiting is when you use tangible facts and stats to inform your hiring decisions, from selecting candidates to creating hiring plans. Benchmark and forecast your hiring.

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Jobvite Publishes New & Needed Source of Hire Data (#RNL17)

The HR Capitalist

Unrelated to the show - I actually got an email on the way to #RNL17 - Jobvite recently published what they call the 2017 Recruiting Funnel Benchmark Report. There's a lot of great data in this report, and what makes it so powerful is that Jobvite is giving us great metrics and data mining based on the collective hires that are being made via their system. One of many things in the report mentioned above is Source of Hire data.

How Banks Are Using Data to Predict Risks in An Uncertain Era

360 factors

However, historical precedents aren’t available right now, because the modern banking system has never dealt with a global pandemic before Covid-19. Banks Have Invaluable Data. They are focusing on the intelligence that they have in their own data and the data of their peers.

Employee Benefits Benchmarking: Choosing the Right Plan Types

Zenefits

The March 2017 Zenefits Small Business Benefits Benchmark Report is now available. Representing data from more than 8,000 Zenefits customers, the report examines how plan types, contributions, premiums, deductibles, copays and out-of-pocket costs differ across regions. One of the key success factors is the incorporation of an integrated benefit management system. The post Employee Benefits Benchmarking: Choosing the Right Plan Types appeared first on Zenefits Blog.

The Top 8 Features to Look for in a Performance Management System

Primalogik

When tasked with finding the right performance management system for their business, many busy HR managers don’t know where to begin. A quality performance management system will help you save time while improving fairness in evaluating employees. What should you look for in a performance management system? Here are eight key features that will make your new system invaluable to your organization.

CIO Leadership and COVID-19: Protecting Data Assets

Workday

In this series, we’re exploring how the CIO can help ensure business continuity through three different lenses: employees , critical business processes , and data assets. In this third post, the focus is on protecting data assets. In fact, the Neustar International Cyber Benchmarks Index shows that in March 2020, most threats grew more than average, but social engineering emails grew the most.

10 Data-Driven Ways to Improve Employee Engagement

Bonusly

In this article, we’ll demystify employee engagement, delve into its advantages, share data-driven methods to improve employee engagement, and challenge you to examine your own practices. Employee engagement is a wide-reaching and complex subject, but here are 10 data-driven ways to improve employee engagement, based on our recent Employee Engagement and Modern Workplace Report and other research: 1. and reviewing the data, share the results with your teams.

Behold the Power! Harnessing Skill Review Data

Degreed

Data-driven skill assessments can offer the insights leaders need to address skill gaps in their workforce while remaining unbiased and accurate. Degreed’s new Skill Ratings and Skill Review features provide organizations the talent data around the skills their workforces have, which skills they need, and how those skills fit into the roles and opportunities within the business. These ideas are the foundation of our new skill rating system within Degreed.

What I Learned from 1.15 Million Culture Assessment Data Points

Human Workplaces

million data points, within nearly 18,000 individually completed surveys, from 57 different organizations, all of which completed the assessment between 2016 and mid-2019. So in the spirit of social distancing, I sat in front of my computer for the better part of the past two weeks to figure out what all these data points were telling us. And remember, analyzing these culture data is nothing new to me. The data won’t solve this; you have to.

Labor Management System – How It Works and How to Choose

Mitrefinch

Let’s start with what we think a Labor Management System is. If we are lucky, we are using a system. So, it’s an easy jump to say, “I know Labor Management Systems”, but it may come as a surprise to know that many of us don’t. One thing that sets Labor Management Systems apart are their niche market of distribution center operations. Here lies the keystone of Labor Management Systems, as they often integrate with a Warehouse Management System.

Why Being Data-Driven Isn’t Enough

Visier - Talent Acquisition

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. Business operations run everything on data and it seems like there isn’t a single corporate function that isn’t data-driven–except for HR. . The data hurdles HR faces.

Why is everyone talking about closed loop feedback system? Why you should too!

SurveySparrow

Getting feedback from customers is usually about collecting a bunch of data, usually just for market research and not always do you find companies making changes based on the feedback that is received, which makes it an open loop system. But if you use a closed loop feedback system, you are more prone to making changes based on the feedback received. Creates an action-oriented system. Essentials to build a closed loop system.

How PEOs and ASOs Can Win More Deals with a Sales Management System

Prism HR

The incessant whir of my home’s sump pump over the past week has been a reminder of the importance of well-functioning systems. In my last post I discussed how PEOs and ASOs can improve client satisfaction with systems. There is a variety of sales management software solutions available today to help you implement a system that adds efficiency and consistency to the sales process. The data shows they’re falling behind peers who do.

The Basics of Big Data, HR Analytics & Predictive Analytics

SMD HR

There are lots of words and concepts floating around the HR world these days that are new or different from the traditional approach – ones like “big data,” “HR analytics,” and “predictive analytics.” Big Data. Definition : A collection of data sets so large and complex that it becomes difficult to process using traditional data-processing applications. HR Application : HR has tons of data in various systems (e.g., Analytics Big Data

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using. But only the data that affects business greatly on daily basis counts. Even so, this amount of data is usually so large that traditional software can’t analyze it. How people use Big Data for business. Data can actually make a big difference if used wisely.

PODCAST - #HRHappyHour 259 - Big Data and Innovation at ADP

Steve Boese

HR Happy Hour 259 - Big Data and Innovation in HR Tech at ADP. This week on the show Steve and guest host Mollie Lombardi were joined by Don Weinstein , Chief Strategy Officer at ADP for a conversation on how the power of huge data sets can help HR leaders and organizational leaders be more informed about their own businesses and make better decisions about people and operations. ADP Big Data HR HR Happy Hour HR Tech podcast podcast

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How to Use Engagement and Performance Data in Talent Acquisition

Visier - Talent Acquisition

When it comes to finding and retaining the right talent for your organization, there are many inputs and sources of data that can help inform the recruitment and retention process. The digitalization of many HR processes such as applicant tracking software, employee engagement systems, learning and development programs have increased the quantity as well as the quality of data HR professionals and organizations have at their disposal. .

HR TechStack – Applicant Tracking Systems

WhoKnows

An applicant tracking system (ATS) manages the recruiting process by collecting and organizing applicant information. These systems are used in the recruiting and hiring of new talent. They store applicant information in a centralized system of record so that candidate information can be retained until relevant information becomes available. Zoho Recruit is an Online Recruitment and Staffing software system that simplifies your hiring process.