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Each year, we sponsor the SPI Professional Services Maturity Benchmark Report , a comprehensive survey of thousands of professional services organizations. This is clearly borne out by this year’s 2025 Professional Services Maturity Benchmark. An effective way to navigate this process is by leveraging benchmarks.
Better Retention Through Investment Budget-aligned training and development efforts improve engagement and retention—without breaking the bank. Cross-Train Your Teams: Help HR understand P&L, and help finance understand headcount planning. Improved Forecast Accuracy Finance can’t budget for what they can’t see.
By incorporating workforce planning into financial models, organizations can predict costs related to hiring, training, and employee turnover, leading to more precise budgeting. A collaborative approach ensures that training programs are aligned with both the organization’s needs and the personal development goals of employees.
Benchmarking voluntary turnover Voluntary turnover calculates the percentage of total employees who leave an organization of their own accord. Data from APQCs Open Standards Benchmarking Database shows that at the median, organizations lose one out of every 10 employees to voluntary turnover.
68% of companies use it to identify training needs, 54% to create better employee relations policies, and 41% to identify potential inclusion and equity issues. Training feedback: Collect feedback from new hires on the onboarding and training process through surveys and interviews.
Benchmarking is a practice that enables organizations to create a data-driven foundation for decision-making, provides context around performance to help identify improvements and uncovers new practices for adoption across an enterprise. We find that organizations at the median take 20 days to close a skill gap.
See also: How one company hopes to optimize unused paid leave Benchmarking PTO Data compiled by the American Productivity & Quality Center shows that organizations provide a median of 22 PTO days per year for each employee.
Advertisement - Tech deficits affect rural worker opportunities While work roles in urban areas often promote skills training, artificial intelligence and remote work opportunities, the data shows that rural communities remain largely cut off from these advances. The research, comparing 1,000 rural and 986 nonrural U.S.
Additional features, like multi-site functionality with localized org charts, and benchmarks, empower HR leaders to create a dynamic, responsive work environment that supports flexibility and productivity. Bobs ability to support globally distributed teams ensures seamless collaboration and consistency across regions.
While HR still has a heavy hand in recruiting—even at companies like Zappos—they’re also involved in every aspect of the employee experience: Talent optimization: Making the most of your current talent pool by aligning their skills and training with business objectives.
Training effectiveness The training effectiveness evaluates how well a training program achieves its objectives by measuring its impact on employees’ skills, knowledge, and job performance, as well as its contribution to the company’s financial results. increased productivity) to the training costs.
This may involve additional training and development to upskill employees – or reskilling employees entirely. Developing employees to acquire new skills and knowledge through a formal training and development program. In addressing any gaps, it more time and cost effective to develop employees internally or hire externally?
Creating a culture program called "How to Be Successful @ _(company name),” and a leadership training program titled "How to be a Successful Leader @ __ (company name)." The obsession with hitting unrealistic productivity metrics often backfires—undermining trust, fueling burnout, and ignoring more realistic benchmarks.
Key Services: Recruitment and Talent Solutions Workforce Training and Development Managed Services and Outsourcing Assessment and Workforce Analytics Career Transition Services Why It Stands Out ManpowerGroup’s data-driven approach to workforce management and talent solutions sets it apart.
The tool also includes skills (of around 15,000 job titles) and salary data, turnover benchmarks, global employment practices for 130 countries, and leadership development content from sources outside the firm’s typical areas of research.
Decision-makers can proactively adjust recruiting or training strategies based on data-driven insights. Use these benchmarks to set SMART goals tied to efficiency, compliance and user experience. Change management : Train HR staff and employees on new tools. Accelerate hiring and onboarding processes.
Change management practices – regular communication, training programmes and leadership endorsements – help overcome resistance and embed a digital-first mindset. Scenario analysis helps evaluate hiring needs and training budgets. Offer hands-on training and e-learning modules tailored to HR, managers and employees.
Recent research from benchmarking firm APQC demonstrates that AI can transform HR from a cost center into a strategic business partnerbut only with the right strategy, realistic expectations and commitment to building proper foundations. This pressure represents both a challenge and an opportunity.
Maybe you discover that a high-performing team is being underpaid compared to market benchmarks, which could fuel turnover down the road. Often, organizations make a huge investment in training programs without fully understanding their impact or alignment with strategic goals. Lets not forget learning and development.
Recruitment Timelines The urgency of hiring needs can also affect pricing: Standard Timelines : Aligning recruitment with typical time-to-fill benchmarks is usually cost-effective. Training and onboarding support. Global Recruitment : Involves managing compliance, language barriers, and cultural differences, leading to higher costs.
Talent management Manage talent throughout the employee lifecycle with an organized onboarding process , ongoing training and development, and regular performance reviews. Allocating resources for employee training and performance development can help you build human capital from within your current team.
The platforms performance management tools enable healthcare administrators to track employee growth and set meaningful performance benchmarks. Its core functionalities include payroll and tax compliance automation, time and attendance tracking, and a learning management system (LMS) to facilitate continuous staff training.
For instance, organizations that realign HR processes to meet skill needs and bridge gaps can see up to 50% increases in employee engagement, halve their training and development costs, and lift productivity by as much as 40%. Compliance audits or regulatory changes: To flag outdated or missing policies and training, reducing legal risk.
Helps with planning ahead: Resource planning helps anticipate gaps and prepare for future needs like hiring, training, or major projects. It defines organizational goals and the necessary skills and capabilities, providing a benchmark for current workforce capacity.
LMS (Learning Management System) : E-learning, training catalogues, and progress tracking. Organisations often consult resources on HR technology examples to benchmark capabilities and evaluate system features. HR leaders should communicate clear objectives, demonstrate tangible benefits, and provide role-based training.
Shoes aren’t one-size-fits all—and employee training shouldn’t be either. It has also offered DE&I benchmarking, resources, and recommendations, but hasn’t provided DE&I education or training. But we kept getting feedback from clients, like, ‘We want training. We want education.
Have you ever found yourself lost in a sea of employee engagement benchmark data, trying to decode the numbers?? If analyzing your employee engagement benchmark data has you stumped, read on for shortcuts and how-tos for better understanding your employee data. Let’s get started on this journey towards a more engaged workforce.
This is because its much cheaper for organizations to pay for school than to lose trained employees to competition and go through the recruitment cycle all over again. By Spardha Khera, Edcor Edcor is a woman-owned business and is the benchmark in education benefits administration. Think Edcor. Think Possible.
This will help them understand how many employees need AI training and how many can get started quickly. This includes salary benchmarking and calculating hiring costs associated with benefits, onboarding, training, and recruitment tools or agencies. Forecast future hiring needs. What is HR forecasting?
HR policies and procedures: Review the company’s HR framework, including handbooks, onboarding processes, performance management systems, disciplinary procedures, and training programs. Identify high-value employees, potential talent gaps, or redundancies. Focus on the areas that matter most.
Each year, the CandE Benchmark Research Program collects case studies from CandE Winners – the employers with above-average candidate experience ratings in our research. If you’re interested in participating in the 2025 CandE Benchmark Research Program, you can learn more about it here. Be as specific as possible with examples.)
A prebuilt assessment offers many advantages, including faster implementation, and robust external benchmarks. Best Practice : Mandate or strongly encourage debriefing sessions with a trained facilitator, coach, or the individual’s manager. However, it’s crucial to handle this element with care.
How to get salary benchmarking right: a quick guide for HR pros inn summary: In this blog, youll: Learn how to benchmark salaries effectively to stay competitive in the job market and ensure fair, transparent pay across your organisation. First things first: what is salary benchmarking?
Benchmarking HR staff productivity enables leaders to talk about headcount in a data-driven way that connects to business goals and outcomes. When evaluating HR staff productivity, it’s important to dig deeply into your specific context and account for any factors that might shape your benchmarking results.
For example, if data shows that employees in a particular department tend to leave after two years, HR can implement retention strategies like additional training, salary adjustments, or career development opportunities to improve job satisfaction.
Introduction: Unlocking the Power of the ADDIE Model in Employee Training In today’s competitive business environment, organizations recognize that their most valuable asset is their workforce. Investing in employee training is not just a perk—it’s a strategic necessity that boosts productivity, enhances skills, and fosters innovation.
Competency-Based Systems Increase Candidate Quality Competency-based systems for recruitment help hiring teams set benchmarks for candidates, which increases the quality of the candidates they interview. Recruiters can use benchmarks to write accurate job descriptions and speed up the selection process.
For HR professionals, the challenge lies in adapting training programs to meet the needs of a dispersed workforce. This feature explores the challenges and opportunities of delivering training in a hybrid or fully remote environment and highlights tools and techniques to make virtual learning effective.
Additionally, AI-driven tools can recommend tailored action plans based on industry benchmarks, ensuring companies stay on track with their DE&I goals. Training and development also play a fundamental role in DE&I efforts. Employee experience is another crucial component of an inclusive workplace.
Each year, the CandE Benchmark Research Program collects case studies from CandE Winners the employers with above-average candidate experience ratings in our research. If youre interested in participating in the 2025 CandE Benchmark Research Program, you can learn more about it here. Welcome to the 2024 CandE Winner Case Study series.
How to Leverage LMS Data Analytics for Better Decision-Making in Corporate Training GyrusAim LMS GyrusAim LMS - In today’s competitive business landscape, Learning and Development (L&D) programs are key drivers of employee growth, retention, and overall business success. billion in 2020–21.
Why HR must fight for its budgets and resources After breaking down cross-industry data on what organizations spend for employee learning, here are resources to help you benchmark your organization’s learning spend and strategies to help you build a business case for sustaining or increasing your learning budget.
Benchmark internally to find best practices and improvement opportunities. Setting targets and benchmarking Once you have a good sense of where you stand today, set a target percentage that makes sense for your organization and HR function. Consider your HR operating model as you look for benchmarking partners.
This is easier to do in some roles, where the work done introduces the necessary skills to the employee, but in most cases, additional training is required to help the employee improve. Don’t begin investing in training your employees on those skills immediately because that may not be what your organization needs.
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