Key hiring metrics: Useful benchmarks for tech roles

Workable

You may know your own key hiring metrics like your average time to fill or how many qualified candidates you need to make a hire, but what’s the significance of these numbers? 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. This metric is part of the overall group of metrics called recruiting yield ratios.

2021 Benchmark Blog

PlanSource

2021 Benefits Benchmark Report – Top 3 Big Hits . S ee how this is working o ut for HR leaders at The CORE Group who report that PlanSource’s platform is saving them 2 hours per every new hire, 30 minutes per every life event, and 5 hours per employee annuall y. .

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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.

Key hiring metrics: Useful benchmarks for tech roles

Workable

You may know your own key hiring metrics like your average time to fill or how many qualified candidates you need to make a hire, but what’s the significance of these numbers? 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. This metric is part of the overall group of metrics called recruiting yield ratios.

#WorkTrends: Acing the Metrics: Reading the Data on Engagement

TalentCulture - Recruiting

Biro sat down with Leila Zayed of Best Companies Group to talk about measuring engagement. The January 31, 2020, #WorkTrends podcast quickly went from whether or not we should measure engagement to the best strategies and benchmarks for understanding your workforce like never before.

Industry Verticals, Organizational Cultures, and Benchmarking

ClaimVantage

Before I landed at ClaimVantage, I worked in the insurance industry for over 15 years, selling employee benefits (group insurance) to employers of all types and sizes. It was a great way to learn about a variety of industries, from Health Care, Manufacturing, and Wholesale/Retail Trade employers to technology-oriented organizations, professional services of all kinds, and even public-sector groups, too.

Recruitment process effectiveness metrics FAQ

Workable

Metrics help you identify strengths and weaknesses of your hiring process. What’s a good benchmark for qualified candidates per hire? What is the “Screened Candidates to Face-to-Face Interviews” metric? What is the “Face-to-Face Candidates Interviewed to Offers Extended” metric? What are talent pipeline metrics? What talent or recruiting pipeline metrics should we be tracking? Whatever your definition, make sure you track this metric consistently.

Job offer acceptance rate metrics FAQ

Workable

Job offer metrics help you measure the quality of your job offers and, by extension, your recruitment process. Here are frequently asked questions and answers on job offer metrics: What is the offer acceptance rate metric? What’s a good benchmark for offer acceptance rate? What is the “Reasons Offers are Being Accepted” metric? What is the “Reasons Offers are Being Rejected” metric? What is the offer acceptance rate metric?

Top 10 Digital Marketing Metrics to Track in 2020

SurveySparrow

The folks at SurveySparrow are here to help you with digital marketing metrics that you need to concentrate on. 10 Digital Marketing Metrics that Matter. We present you with 10 digital marketing metrics that matter: #1 Number of website visitors.

Yield Ratio: All You Need to Know

Analytics in HR

However, a yield ratio is also an HR metric that greatly improves your recruitment and selection process. It is a must-use metric for any manager, recruiter, or HR team. This may indicate a gender bias somewhere along the recruitment process, which this metric can help identify.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. Individual participants also specified that they have compensation metrics relating to seniority and retention bonuses.

The questions your key recruitment metrics need to answer

Workable

Hiring metrics, reports and Key Performance Indicators (KPIs) are only as useful as the questions they answer about your business. So, before we talk about the myriad of hiring metrics we can measure and plot in recruiting, let’s take a moment to think about what we’re trying to learn and why. You need to know how good you are at finding and attracting qualified people, also known as recruitment metrics analysis. Pipeline metrics will give you a lot to think about.

Honoring the 2020 Brandon Hall Group Excellence Award-Winners: Best Results of a Learning Program; Best Advance in Creating an Extended Enterprise Learning Program; Best Advance in Learning Measurement

Brandon Hall

Philip Morris International and Rosetta Stone were honored with a Gold Award for Best Results of a Learning Program in the 2020 Brandon Hall Group HCM Excellence Awards. Herbalife Nutrition was honored with a Gold Award for Best Advance in Creating an Extended Enterprise Learning Program in the 2020 Brandon Hall Group HCM Excellence Awards. The measurement scale integrates benchmarking and incorporates critical metrics including NPS, scrap learning, ROI, and time to proficiency.

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. To drive and guide a successful plan to diversify an organization or businesses group and make them more inclusive, we need to be able to measure our progress. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? The metrics and models to apply them in various situations filled eight pages.

Are Annual Employee Surveys Dead?

WorkHuman

Like kiosks, pulse surveys are a low-friction way of establishing a quantitative benchmark for key HR metrics, with a minimum of effort. I recall Mark Royal from Hay Group telling us recently about a company who offered a short, three question survey as part of their daily sign-on routine, and were able to chart company mood and engagement very closely against real-time events and communiqués. Last Spring, when I was leaving SHRM, I travelled through the Orlando airport.

Survey 132

Survey Says…

HRO Today

Harkins, vice president of client success and engagement solutions at Inspirus, a Sodexo Group company. Another has leveraged the data to identify the development needs of its first-line supervisors and build the business case for investment in this group. Finding the Right Metrics. Managers can drill down and look at trending data and benchmark data with their teams to see patterns,” says Achievers’ Brangwyn.

Three Ways to Get More Out of Workday in 2018

Workday

We also invite those who are driving Workday adoption in their organizations to join the Workday Adoption and Metrics User Group in Workday Community (sign-in required). With our dashboards, business leaders get real-time, easily accessible, accurate data—the information they need to review, benchmark, and plan for your business. Participate in Workday Benchmarking. Workday Benchmarking can show you. So here we are, the start of a new year.

How to Measure Internal Communications: Analysis and Insights

SocialChorus

Focus groups, free-form surveys, and interviews are considered qualitative data , and offer valuable insights into your employees’ preferences and motivations. When you do this, you’ll see differences between each group at different points in time within your programs. Benchmark your results. Benchmarking is used to evaluate performance by comparing to a standard set of measurement metrics. First, you need to decide what you want to benchmark.

Supporting Workday Customers on Their Diversity Journeys

Workday

This enables you to proactively slice and dice data across different groups to highlight discrepancies that might require further exploration. Benchmarking. With Workday Benchmarking , delivered via the Workday Data-as-a-Service (DaaS) offering, customers can gain a better understanding of their company’s relative performance in comparison to peer organizations. Human Resources diversity and inclusion pay equity Workday Benchmarking Workday Human Capital Management

How to Measure Internal Communications: An Introduction (Defining Your Goals)

SocialChorus

And once you understand the metrics behind your internal communications, you’ll know exactly what’s working and what’s not—and ultimately how to capture the attention of all your employees. That’s why we’re launching a How to Measure Internal Communications blog series, a step-by-step guide with everything you need to know about internal communications metrics. For many internal communicators, evaluating metrics is a weak spot. What are the metrics specific to the channel?

2016 Turnover Rates by Industry

Compensation Force

If you aren't already familiar with their Benchmark Pro and other survey products, please check them out! And as a bonus, here are some links going back to historic posts for a look back at industry detail - though be aware that the industry groupings in this reporting have changed over the years. Metrics/Analytics Turnover

How Big Should Your HR Staff and Budget Be?

Compensation Force

While this is a question best answered in the context of your unique talent strategy -- what it will take to execute that strategy to drive organization success and what role HR plays in making that happen -- benchmarks can sometimes provide a helpful reference point. Bloomberg BNA's 2017 HR Department Benchmarks and Analysis Report (its 40th annual HR benchmarking study), based on the responses of 681 U.S. Creative Commons image "Group of People" by Karina Freitas.

7 Survey Lessons For Employee Engagement

Outmatch

Bob Kelleher, is CEO of the Employee Engagement Group and consultant on the subjects of employee engagement, workforce trends, and leadership. You want the ability to benchmark your results with other companies in your industry. This group will review survey results and make recommendations to management. Employee Screening Hiring Feedback HR Metrics HR Thought Leadership Management turnover WorkforceAccording to Gallup, companies with highly engaged employees have 3.9

Handling Conflict between Different Workplace Departments

HSD Metrics

For example , two managers of different groups have strong individual goals for their departments, each feeling strongly that one was right over the company policies and procedures than the other, but ended up losing sight of how it all fit in with the overall company goal. Using exit interviews, like ExitRight® , will give your company turnover benchmarks and analytics, so you are able to effectively improve your employee retention for others.

Promoting from Within Should Be a Priority

HSD Metrics

Richard Branson, founder of the Virgin Group, described how bringing in an external hire can make current employees feel during an interview with Stephen Dubner on a Freakonomics radio series “Secret Life of CEOs”: “We’d like to promote from within, because I think there’s nothing more discouraging for, say, a thousand people who work in a company for a so-called expert to be brought in from outside. The post Promoting from Within Should Be a Priority appeared first on HSD Metrics.

The DecisionWise 360 Degree Feedback Platform

DecisionWise

Modules such as gap analysis, radar plots, key metrics, competency distributions can be turned on or off with the click of a button. Leaders who wish to compare themselves against others can easily add benchmark data to the reports.

How to Measure Internal Communications: Defining Your Goals {Plus Worksheet}

SocialChorus

We look forward to tracking strategic initiatives and how they are resonating with our different employee groups around the world’, says Norman Rice, COO of Extreme Networks. For many internal communicators, evaluating metrics is a weak spot. What metrics does SocialChorus look at?

4 New Ways to Help Analyze Talent Pools

TalentHQ

Tapping internal Big Data – Another interesting concept is that critical benchmarks for talent and performance can be derived from existing organizational data. For example, an employer can map how groups interact and how ideas spread throughout the organization. Hiring Metrics Talent Management big data digital featured Social Media talent research

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LinkedIn and Glint – Potential HCM Technology Powerhouse in the Making

Brandon Hall

and Daria Friedman , Principal Analyst, Talent Acquisition, Brandon Hall Group. Their offerings can also can be integrated into an organization’s overall talent-development strategy and business-performance metrics. Michael Rochelle , Chief Strategy Officer and Principal HCM Analyst, Brandon Hall Group. Daria Friedman , Principal Analyst, Talent Acquisition, Brandon Hall Group. by Michael Rochelle , Chief Strategy Officer and Principal HCM Analyst.

Looking Forward

HRO Today

A close look at metrics around promotion, development, diversity, and employee engagement revealed that the company had no formal performance management and development program in place, but was great at informal development, with tons of opportunities for employees to pursue lateral assignments.

Get Onboard the HR Analytics Movement

Brandon Hall

In fact, 41% of organizations told Brandon Hall Group that the second biggest driver of human capital management (HCM) technology acquisition was to enable better reporting and analytics of HR data. Source: 2015 Brandon Hall Group HCM Technology Trends Study (n=365). An analytics strategy starts with using ad hoc metrics and reports to understand “what happened.” Metrics versus Analytics. Here are a few examples of each: Metrics. Brandon Hall Group.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. Then, the group can figure out how they want to track those results. Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention. Using that statistic means that turnover is an important metric when it comes to evaluating onboarding programs.

Survale Clients Win Big with Candidate Experience (CandE) Awards

Survale

The winning organizations are: CSAA Insurance Group. Each year the CandE Awards recognize companies with the highest positive candidate ratings in their benchmark research and these winners were found to provide an exemplary candidate experience as rated by their candidates themselves.

How to Identify Future Leaders with Talent Analytics

Analytics in HR

Benefits of talent analytics for identifying future leaders Useful talent analytics metrics. HR analytics and people analytics often include employee vacation data, sick leave, salary benchmarks, etc. One of the key talent analytics metrics is retention.

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

Workday

Then, the anonymized, aggregated data will be provided back to customers as useful metrics and trends representative of our collective customer community. There will be several components to this offering over time, but we’ll start by delivering best practice benchmarking that lets customers uncover insights around organizational performance with peer comparisons. How will customers participate in the benchmarking service? What sort of benchmarks are Workday exploring?