Vantage Circle

JANUARY 10, 2024

However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking? Key Takeaways What are Employee Retention Metrics? Importance of Retention Metrics.

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

Decusoft

MARCH 4, 2021

Annual incentive compensation programs represent an enormous opportunity for motivating employees and executives to do their best work. In this blog post, we discuss annual incentive compensation including recent trends, policy changes among shareholder advisory groups, and challenges compensation committees face.

Compensation 98

Compensation Bonuses and Incentives Metrics Planning Tools 98

Analytics in HR

MARCH 7, 2022

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. Hence, your Human Resources and/or Compensation & Benefits department must ensure the compensation you offer to your employees is appealing enough to keep your team happy.

Compensation 88

Compensation COMPAS Background screening HR Planning 88

Decusoft

MAY 20, 2021

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. Compensation benefits research is necessary to ensure fair working conditions and helps improve employee retention plans. What Are The Benefits of Compensation Analysis ?

Analysis 96

Analysis Compensation HR Planning Bonuses and Incentives 96

15Five

NOVEMBER 15, 2018

You’ve likely already heard that OKRs should not be tightly coupled with employee evaluation and compensation. Once compensation or promotion enters the picture, motivations shift towards less-effective extrinsic goals, like status, money, and self-preservation. But it shouldn’t be the only metric used. Stay away from formulas.

Compensation 113

Compensation Comparison Metrics Examples 113

15Five

OCTOBER 16, 2018

One of the most common questions we get asked as leadership team coaches is how Objectives and Key Results (OKRs) should be used to determine salary, compensation, or bonuses. It is also the methodology where a coupling of OKRs to compensation can quickly become counter-productive, if not done right. Compensation and the OKR Process.

Compensation 129

Compensation Objectives & Key Results Interview Software HR Software 129

Decusoft

APRIL 1, 2021

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Total rewards.

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

Zenefits

FEBRUARY 7, 2023

To provide employees with fair and desirable compensation, savvy companies routinely conduct a compensation analysis. By identifying the right compensation strategy, you can establish a competitive pay structure to help attract and retain talent. What is compensation analysis? Why is compensation analysis important?

Compensation 36

Compensation Analysis HR Planning Planning Tools 36

Keka HR Blog

MARCH 31, 2023

Compensation reports Compensation reports are essential for calculating labor costs. Right metrics onboard Many indicators can be monitored on a weekly, monthly or annual basis, depending on the objectives of your reports and the conclusions you wish to draw from them.

HR Software 52

HR Software HR Planning Hiring Software Report 52

Compensation Cafe

JULY 28, 2020

What have data and analytics got to do with compensation communications? We'll talk about how this works in a minute, but let's start by checking out this comparison. Imagine you had to tell the Compensation Committee that the company couldn't afford one of their proposals. Think back to the earlier example.

Compensation 52

Compensation Analytics eBook Comparison 52

Hospital Recruiting

OCTOBER 27, 2016

The main points to this blog post have to do with new physicians being relatively inexperienced with contract review, benefit packages, and compensation negotiation. Many of us, not having any real basis for comparison, resort to the only real apples to apples metric we understand: hourly rate.

Recruitment 49

Recruitment Comparison Staffing Metrics 49

Visier

JUNE 5, 2018

Determine the metrics that will to shed insight into overwork and use them to inform a fatigue policy. Many healthcare organizations have metrics such as overtime compared to straight time worked. I propose a total burden-of-work metric that includes straight time work that the employee has agreed to (e.g.

Analytics 88

Analytics Staffing Software Planning Tools HR Software 88

Analytics in HR

AUGUST 17, 2021

There are several metrics you can use to ensure fair pay. Salary range penetration is a crucial compensation metric to help you understand and manage pay differences at your organization. Why is salary range penetration a useful compensation metric? It gives you very similar information to the compa ratio metric.

COMPAS 90

COMPAS Examples Hiring Software Metrics 90

Ongig

APRIL 17, 2020

A few other notes: This is organic (not total) traffic — We’re using ahref’s measurement of organic traffic because we find it to be the best apples-to-apples comparison of traffic to HR blog pages. Benefits and Compensation. Compensation and Benefits. Recruiting Metrics. Compensation. Recruiting.

Bullhorn 130

Bullhorn Video Recruiting Recruiting Software HR Software 130

Cupa HR

MARCH 27, 2024

Staff (generally non-exempt employees) received the highest increase in pay in comparison to other employee types. CUPA-HR Research CUPA-HR is the recognized authority on compensation surveys for higher education, with its workforce surveys designed by higher ed HR professionals for higher ed HR professionals and other campus leaders.

Comparison 59

Comparison Compensation Survey Analysis 59

HR Tech Girl

JULY 5, 2023

In today’s corporate landscape, where discussions around pay disparities, gender wage gaps, and unfair compensation practices dominate headlines, the concept of full pay transparency has emerged as a potential solution and, in some cases, as law.

Case Study 83

Case Study Study Compensation Hiring Software 83

Trusaic

APRIL 1, 2021

Pay disparity refers to the adjusted metric after controlling for legitimate business factors; for example, most organizations use tenure as a legitimate business reason for making a compensation decision. DEI metrics reporting is increasingly being demanded by shareholders , who expect to see improvement in these metrics over time.

Report 130

Report Metrics Analysis Diversity 130

Compensation Cafe

JUNE 9, 2017

It's also interesting to note that a number of these points were raised early on in the advent of HR metrics by our own Stephanie Thomas -- clearly they still bear consideration today. I love metrics. we've officially gone too far with metrics. So it might come as a shock to hear me say. ANSI is getting involved.

Metrics 40

Metrics Retention and Turnover HR Software Assessment Software 40

DecisionWise

DECEMBER 19, 2022

DecisionWise, HSD Metrics, Work Institute, Newmeasures, and People Element. They also provide assistance with mergers and acquisitions, compensation strategies, personnel planning, and benefits structuring. Management/HR Consulting Firms. These vendors offer a number of HR and talent management services, including employee surveys.

HR Software 147

HR Software Planning Tools Tools Talent Experience 147

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It is illegal to prohibit conversations about salary in the workplace (in the US, especially) – here, it’s the explicit openness that’s emphasized in communications transparency.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

DecisionWise

MAY 31, 2016

HR team scrambles to find data and metrics to make comparisons. HR team realizes that the process was not designed to make effective comparisons. No comparisons can be shared. There are many reasons why comparing business metrics to employee engagement survey data is difficult. Decide on Metrics.

Employee Engagement 100

Employee Engagement Comparison Compliance Training Decisionwise 100

PoliteMail

JULY 13, 2023

Benchmarking compares an organization’s performance — using metrics and key performance indicators (KPIs) – to standardized data from the historical performance within your own company or other companies within your industry. Identify relevant metrics. What’s a reasonable email readership rate? Compared to what?

Benchmarking 52

Benchmarking Assessment Software Planning Tools Retention and Turnover 52

15Five

JUNE 21, 2018

Sure, you’ll look at how the employee is performing (and what metrics support that). 2) Avoid comparisons to peers. Forced ranking, or social comparisons, make it more difficult for employees to accept feedback. What’s more effective, the researchers said, are temporal comparisons—the “me now, versus me in the past.”

Assessment Software 150

Assessment Software Objectives & Key Results Performance Management Comparison 150

Trusaic

JULY 1, 2020

In Spai n , effective 2019, employers with 50 or more employees must develop and release equality plans which track compensation metrics by gender. Conduct comparisons for all female job classes using job–to–job, proportional value. The next stop on the Pay Equity world tour is the land down under.

Wage and Hour Training 130

Wage and Hour Training Planning Tools HR Software Analysis 130

Visier

SEPTEMBER 25, 2019

Visier customers take advantage of this ever-growing pool of market trends: new data is continuously added to a common data model, which supports all customers, allowing for comparisons not possible in the past. . Over 900 pre-defined metrics provide more than just a starting point. Know you’re on track. The complete people story.

HR Software 150

HR Software Planning Tools Analytics Visier 150

Insperity

DECEMBER 21, 2015

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. It probably makes the most sense to do a year-over-year or month-over-month comparison to help identify if it’s truly a trend or an isolated incident.

Hiring Software 44

Hiring Software Staffing Software HR Software Planning Tools 44

Workday

JANUARY 18, 2017

Does your company do a good job of following and communicating its philosophy around compensation? A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Market comparison. Measuring Against Goals.

Compensation 28

Compensation Retention and Turnover Bonuses and Incentives Company 28

Empuls

FEBRUARY 29, 2024

It helps ensure fair compensation for employees and offers a competitive advantage. AI algorithms can also predict future salary trends based on historical and market data, allowing companies to adjust their compensation strategies proactively. Looking beyond salary Salary is only one element of compensation.

Benchmarking 40

Benchmarking Trends Hiring Software Planning Tools 40

Insperity

DECEMBER 21, 2015

Paying employees overtime happens, and it may even be wise to include it in your compensation and staffing strategies. It probably makes the most sense to do a year-over-year or month-over-month comparison to help identify if it’s truly a trend or an isolated incident.

Hiring Software 40

Hiring Software Staffing Software HR Software Planning Tools 40

Entelo

DECEMBER 16, 2015

Indulge me in my assumption that you've spent a not inconsiderable amount of time trawling the blogosphere for advice on recruiting metrics. And while recruiting metrics are a great way to execute some internal PR and demonstrate your worth, I will implore you to think bigger about the utility of recruiting metrics.

Metrics 28

Metrics Recruiting Software Recruitment Hiring Software 28

Compensation Cafe

JUNE 14, 2019

It is a wave of metrics and analytics, and its approach is raising questions (and anxiety) about its impact on what we do in designing and managing programs for rewarding work. Practitioners are about to be showered with an abundance of data and metrics. For the most part, the first round will be limited by their imaginations.

HR Software 55

HR Software Analytics Compensation Video Recruiting 55

Ask a Manager

OCTOBER 5, 2021

He is well compensated for a part time role both for the area and for the job. We do have comparison reports that give frameworks for that sort of thing, if anyone was wondering how some churches determine what pastors are paid. But how do we write a metric around being less boring? Never a cross word. Show up more regularly?

Planning Tools 91

Planning Tools Video Recruiting Hiring Software Interview Software 91

Semos Cloud

OCTOBER 23, 2020

Compensation . Compensation is naturally the integral part of Total Rewards strategy. Many companies structure their compensation according to market trends and their employees’ experience. . According to HR Drive, only 8% of employees think work-life balance is less important than compensation. .

Strategy 92

Strategy HR Software Employee Recognition Assessment Software 92

Synergita

AUGUST 31, 2022

However, if the performance evaluation is only OKR-based, employees will be convinced that the comparison was unfair from the start because OKRs are collaborative by nature. Furthermore, performance evaluations are typically linked with compensation and promotions. How to use both OKRs and Performance Evaluation . Conclusion.

Objectives & Key Results 52

Objectives & Key Results Planning Tools Tools Comparison 52

Astron Solutions

JUNE 23, 2020

Use data and facts to evaluate candidates the same way – Says Webb, “Create a standard evaluation system and metrics and use them the same way. The reported noted the following: • The ratio of the median earnings of women to men without considering various compensable factors (such as job title, years of experience, industry, etc.),

Diversity 52

Diversity Hiring Software Background screening HR Planning 52

PlanSource

DECEMBER 22, 2021

The analytics dashboard highlights key decision support tool engagement and success metrics for HR Admins, like what percentage of employees actually enrolled in the plan that was suggested to them. This tool allows for historical trending, peer comparisons and other previously difficult metrics to measure.

HR Software 52

HR Software Hiring Software Planning Tools Video Recruiting 52

Compensation Cafe

FEBRUARY 3, 2017

Yes, I said “relative change” as in “a metric computed in proportion to a base number.”. Notice anything about those comparisons? . Absolute statements based on relative comparisons can be highly misleading. James (Jim) Brennan is an independent compensation advisor with extensive total rewards experience in most industries.

Comparison 40

Comparison Compensation Metrics Performance Management 40