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.

Finding the Right Companies to Benchmark

HR Bartender

What companies should we benchmark ourselves against?”. Benchmarking is the process of comparing something (i.e. Whenever people suggested that we benchmark ourselves against this other airline, my vice president would always decline. Industry.

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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. Over time I’ve learned that each industry vertical is unique.

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:

2019 Third-Party Recruiting Benchmark Report

The unemployment rate has just hit 3.6%, the lowest jobless rate since 1969. Yet 50% of the time, the winning candidate hits the hiring manager’s inbox within 1 week when utilizing the BountyJobs platform. Download this report for a definitive collection of industry trends in critical hiring, brought to you by the world's leading recruiter engagement platform.

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.

2018 Employee Engagement Driver Benchmark Results - DecisionWise

DecisionWise

We looked at the latest employee engagement survey results for employees in 10 industry categories to find out where employees find the greatest MAGIC in their jobs. Employees report feeling the most challenged and stretched in their work in the Healthcare and Technology industries.

Introducing Our Performance Management Benchmark Report

Reflektive

In this report, you will find comments from leading industry experts including analysts, authors, and HR leaders to distill the survey findings. Download your copy of the Performance Management Benchmark Report here. The post Introducing Our Performance Management Benchmark Report appeared first on Reflektive. We’ve heard it said that the performance appraisal is a common enemy. Employees, managers, and HR leaders alike wish it dead and gone.

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement. Of course, this data is even more insightful when weighed against industry benchmarks. Does industry play a role?

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? Key Findings from the ABM Benchmark Survey. Every year, Demand Gen releases their Account-Based Marketing (ABM) Benchmark Survey report.

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How To Utilize Benchmarks In Your Recruiting Strategy

PandoLogic

Last decade, benchmarking became an HR industry standard for measuring aggregate performance for all aspects of HR—from components like salary to overtime, to an organization’s diversity. Benchmarks in years past.

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.

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.

Recruitment Operations Statistics and Trends: A 2020 Benchmark Report

Yello

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. 2020 Recruitment Operations Benchmark Report.

Product Update: Industry Benchmarks Make Insights Even More Accurate

Hireology

Insights – Hireology’s analytics platform –just received an update to make our benchmarks even more accurate. Industry benchmarks make it easy to measure and compare aspects of your hiring process to other businesses like yours to see how you stack against the competition.

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. 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.

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

Aberdeen HCM Essentials

The roundup includes articles that cover ABM benchmarks, the push for stronger data strategies, treating B2B marketing more like B2C, challenges for the modern marketer in the B2B industry, and an obsession with intent data. Live Webinar: ABM Benchmarks for 2020.

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.'

Benchmarking Makes Employee Survey Results More Powerful

Bonfyre

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. A two-step process that combines internal and external benchmarking will give you a guideline for improving the employee experience that is adaptable to the unique conditions of your company, while also providing solid correlations between improvement efforts and outcomes.

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. In fact, none of the industries evaluated received a “poor” or “very poor” rating in our core digital metric.

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.

Annual Hiring Benchmark for Veterans Now 5.7 Percent

DCI Consulting

Consistent with timing in previous years, OFCCP has recently updated the hiring benchmark for protected veterans. If you are selected for a VEVRAA focused review, you can expect that the hiring benchmark will be given greater scrutiny. Industry News OFCCP VEVRAA

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?

What is the Average Time to Hire by Industry? 

PandoLogic

The measurement of "time to hire," which varies by industry, organization, and location, registers the time between the moment a candidate is first engaged for an open position to the moment they accept an offer. Recruitment Industry Trends hr benchmarks industry time to hire interview process recruiting benchmarks time to hire

Salary Compensation Benchmarking 101

Mercer

In many industries, salary compensation benchmarking is one of the most comprehensive ways to stay on top of ongoing business trends. The post Salary Compensation Benchmarking 101 appeared first on Mercer PeoplePro Blog. Read on to see exactly is it and what it entails. HR Strategy & Talent Management Rewards & Compensation ACA emerging business entrepreneur entrepreneurs HR human resources SBA SCORE SHRM small business administration small business advice start ups

Benchmarking Pay for the US National Soccer Teams

Compensation Today

They have two main steps: benchmarking the position and defining the market. Benchmarking the position. We’ll need to find an appropriate benchmark job as our basis for comparison. Industry: Sports Team or Club. Compensation Plans benchmarking jobs

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. What are peer employers offering in your industry?

Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor

Benchmarking. Benchmarking is the process of comparing your organization’s own processes and operations against those of your competitors. However, as the world of work evolves, so are benchmarking tools. Benchmarking can help with a host of concerns.

OFCCP Announces 2019 VEVRAA Hiring Benchmark is 5.9%

DCI Consulting

On March 27, 2019, OFCCP announced that the 2019 VEVRAA hiring benchmark is 5.9%, effective March 31, 2019. The information is available on the VEVRAA Benchmark Database. Industry News OFCCP

How to Use Employee Benchmarks

Namely

There are generally two ways to compare your data—to your own results year-over-year or to a benchmark. Benchmark comparisons give you the added context of how your organization is doing relative to your peers. With employee engagement survey questions that are benchmarkable, you can see how you compare at the specific question-level and in your overall engagement score. But not all employee benchmarks are created equal.

CultureNext Employee Engagement and Recognition Benchmark Study

Maritz Motivation

The findings of the Employee Engagement and Recognition Benchmark Study were revealing, including: How does your org. Find out with industry benchmarks in this new #research study: [link] pic.twitter.com/nRx9DXWFTt. The Employee Engagement and Recognition Benchmark Study also found that well over 75 percent of respondents have both a strategy and documented plan, and that only 6 percent of respondents have neither a strategy nor documented plan to engage employees.

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.

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.

Insights from Culture Amp's 2018 employee benchmarks

CultureAmp

When it comes to getting the most out of your employee feedback data, benchmarks for comparison are an important tool. External industry benchmarks provide valuable, relevant and timely context that empower People and HR teams to make more informed decisions. Collective Intelligence People Science

The Beginner’s Guide to Benchmark your NPS Score like a Pro!

SurveySparrow

Relative Method : When it comes to the relative outlook, you can compare your scores with the NPS benchmarks of your industry and then decide accordingly, if your NPS score is good enough as compared to your peers. The trends in NPS benchmarks across industries keeps varying.