INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

In 1977, you founded the Saratoga Institute (SI), which is well-known for its work in human capital metrics. Is there a place in HR for both metrics and analytics? If they only had time to focus on a handful of metrics, which ones should they consider?

A Crash Course in Key Compensation Metrics

Namely

As HR professionals, we may not need to be experts in math and statistics—but most of us need to have an understanding of compensation metrics. After all, understanding the key metrics is a crucial part of managing your organization’s compensation plan.

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HR Metrics to Follow / Implement in 2019

CakeHR

Our goal is to make your job simpler by presenting HR metrics to follow in 2019. To cut the long story short, you have to follow key HR metrics because: Only 20% of employees strongly agree that their performance is managed in a way that motivates them to do outstanding work.

19 Recruiting Metrics You Should Know About

Analytics in HR

Recruiting metrics are an essential part of a data-driven hiring and recruitment analytics. However, if you would keep track of every recruiting metric you could find on the web, you’d have no time left to do actual recruiting! What are recruiting metrics? HR Metrics

Un”comp”licating Compensation - Building a Brand People Want to Work for

Speaker: Kathy Steele, CEO, Red Caffeine

Are people your greatest asset? Then fair and transparent compensation and benefits are the way to affirm your organization is dedicated to this pillar of the business. However, having a strategic comp philosophy is only one part of becoming an employer of choice. It is critical to showcase your company culture, establish an employer brand foundation, and modernize your talent strategy. With unemployment levels nearing all-time lows, it’s time to get started and embed your comp practices into a part of your overall employee experience. Join Kathy Steele, an accomplished serial entrepreneur, employer branding expert, and CEO of Inc. 5000 winner Red Caffeine, as she tackles the common business challenge of setting a compensation strategy that aligns with your culture to help you build a brand to attract, engage and retain top talent in a job seeker’s market.

What to Do With Metrics

Compensation Cafe

Everywhere they turn these days Compensation practitioners are finding themselves bombarded by a repeated self-help message; you need to establish compensation metrics for your organization. If you’re collecting data for compensation metrics, congratulations.

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.

Rewarding Ambition: Determining Compensation Within Your OKR Process

15Five

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. You’ve likely already heard that OKRs should not be tightly coupled with employees evaluation and compensation.

Cafe Classic: Black Holes and Compensation Metrics

Compensation Cafe

It's a little-known fact, but the fields of astrophysics and compensation are closely related. Similarities are particularly apparent between black holes and compensation metrics. With that in mind, here are five things black holes can teach us about compensation metrics.

Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. SHRM and ANSI define this additional cost-per-hire metric. The RCR formula is: You may include total annual compensation before new hires complete their first year. This metric can be more useful than CPH.

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

Join us to learn how to empower your organization to align metrics with strategic business goals, using HR analytics.

Sales Compensation During Turbulent Times

SuccessFactors

Sales compensation may not be top of mind during these turbulent times, but it does affect a number of people in the front lines of business, including your sales organization. Sales compensation levers can enable established sales organizations to support and retain sales talent.

The Best Ways to Compensate and Protect Employees in a Crisis

Cornerstone On Demand

Here are a few way to protect your employees and prepare them for what’s ahead: Recalibrate Your Incentive Plans If there is an individual performance component to your incentive plan design, consider recalibrating these metrics to reflect the reality of our current crisis.

How to Update Compensation Without Performance Ratings

Reflektive

But for many companies, removing ratings puts compensation into a black box — employees don’t know how their raises and bonuses will be decided, possibly undermining the goal of removing ratings. Here are some ways you can determine compensation without annual performance ratings. Employees who decide their own compensation are more invested in their company and have higher performance, according to Lisa White, CEO of White Andreetto. Formula Based on Company Metrics.

Human Resources KPIs: An In-depth Explanation with Metrics & Examples

Analytics in HR

KPIs are strategic metrics. Only metrics that have a direct link with the organizational strategy can be called KPIs. Human Resources key performance indicators (HR KPIs) are metrics that are used to see how HR is contributing to the rest of the organization.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. That’s why today’s software applications for measuring key performance metrics are so valuable.

Unleashing Your Inner Scientist: Lab Mindsets & HR/Compensation Experiments

Compensation Force

And I have borrowed shamelessly from their material to create a set of rules for compensation and HR experimentation, presented below for your review and response. Experimentation, it seems, is on a lot of our minds lately.

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software HR

What recruiting metrics should you be measuring, and how can you effectively gather the needed information? There are dozens of popular recruiting metrics, including the venerable Cost per Hire and Time to Fill. Recruiting Metrics Cheat Sheet.

Compensation Cafe: A Question of Measurement and Value Creation

RecognizeThis!

Nonfinancial metrics are increasingly used in compensation formulas; recent research and trends in crowdsourced data may improve the value of these trends. Getting compensation formulas right can be challenging, ensuring that leaders maintain a balanced focus on short-term results as well as long-term value creation. Traditional levers in those formulas have been in the form of various financial metrics. By Derek Irvine. Recognize This!

21 Employee Performance Metrics

Analytics in HR

Employee performance metrics are key to tracking how well employees are performing. However, when done right, employee performance metrics benefit both the organization and the employee. We listed the most important ones below and included some practical examples of each metric. There are various kinds of employee performance metrics. Work quality metrics. Work quantity metrics. Work efficiency metrics. Organizational performance metrics.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people.

Compensation Wins Talent, Recognition Retains It

Achievers

Compensation as a motivator. Does compensation align your employees to your company’s mission and values? Recognition has been proven to impact key business metrics such as employee engagement, cultural alignment, customer satisfaction, innovation, wellness, and productivity.

What is Conscious Compensation®?

HRsoft

Conscious Compensation® helps companies move from the traditional, capitalist approach to compensation towards practices that are more socially responsible. For decades, traditional capitalist compensation has been characterized by the following: Base wage or salary.

Why is Three the Magic Number for Incentive Plan Metrics?

HRsoft

The Rule of Threes states that there should be no more than three metrics involved with any incentive plan. For one, having three metrics leaves enough room for differentiation, and enough weight for the metric to have a measurable impact. How Much of Each Metric?

Compensation: The Gap in Communicating Company Culture

Everwise

Can compensation plans actually reflect a company’s organizational culture? Compensation Indicates Corporate Values. Compensation provides a direct indication of a company’s values. The Compensation Disconnect.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people.

The Compensation and Benefits Manager – A Full Guide

Digital HR Tech

The compensation and benefits manager plays a key role in coordinating the corporate compensation and benefits department. We dive into the core responsibilities of the compensation and benefits manager, take a look at his/her salary, and finish up with an example job description.

What is Your Organization’s Compensation Definition?

HRsoft

A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation meanings can be different from one organization to the next.

Cafe Classic: Are Your Compensation Plans on Autopilot?

Compensation Cafe

In our busy organizational lives, many of us allow our compensation plans to simply roll forward from year to year with only minimal adjustments. A number of compensation examples come to mind. Base Salaries Data and Analytics Incentives/Bonuses Pay for Performance Sales Compensation

Suppressing Excessive Compensation

Compensation Cafe

Some giants in the compensation consulting community have spoken out in the past, motivated by a sincere sense of guilt for encouraging the tremendously disproportionate top executive pay that resulted from their prior yeoman work enabling unreasonable compensation.

Using Incentive Compensation Software to Drive Performance

HRsoft

Incentive compensation is the process of paying employees based on the performance of an entity. While it is among the most effective means of driving desired outcomes in an organization, it can also lead to increasing complexity for compensation professionals.

Cafe Classic: The Micro and Macro of Compensation

Compensation Cafe

And HR/Compensation representing the micro level? Meaning, do we as Compensation pros really stop and consider our decisions in context or do we make decisions based solely on our Compensation theories, rules, best practices, etc. It’s not just about applying metrics.

Life Cycles and Compensation

Compensation Cafe

Compensation programs need to adapt to these different stages as companies grow and evolve. For example, compensation plans needed for start-ups are very different compared to those needed for mature companies. Let’s see how the various stages impact compensation. . Compensation : Salaries are limited as companies are not flush with cash. There is no formal compensation program. Decisions on compensation-related issues are handled in a discretionary manner.

Quality Over Quantity—Choosing the Right Recruiting Metrics: The 7 metrics that matter, and the 7 that don’t (as much)

Visibility Software HR

What recruiting metrics should you be measuring, and how can you effectively gather the needed information? There are dozens of popular recruiting metrics, including the venerable Cost per Hire and Time to Fill. Recruiting Metrics Cheat Sheet.

11 Reasons Your Equity Compensation Survey Data is Wrong

Compensation Cafe

And, with equity compensation the final answer is even squishier than other types of compensation. Equity compensation really is that messy. It is (at least) variable, variable, variable, variable, variable, variable, variable, variable, variable, variable, variable compensation.