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. Only by showing them how to evaluate improvements in staffing, compensation, development, and retention in terms of cost reduction, process times, quantity produced, quality of the outcomes and reactions of the company’s management and employees did they begin to come around. Is there a place in HR for both metrics and analytics? I’m a self-professed math geek.

Compensation Metrics Cheat Sheet

Analytics in HR

Determining the right compensation metrics to track is a vital step towards fair and equitable compensation. This is why we’ve put together a cheat sheet of 12 key compensation metrics that will help take your compensation strategies to the next level.

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Cafe Classic: Compensation Practitioners Should Be Skeptical of Economic Forecasts

Compensation Cafe

If these industries are included in the "basket" of goods, the resulting metric may be more volatile. Throughout her career, Stephanie has completed research on a variety of topics including wage determination, pay gaps and inequality, and performance-based compensation systems.

Compensation Packages That Drive Executive Performance

Professional Alternatives

It’s possible to inspire your executives to deliver excellent results, by ensuring that their compensation packages are properly aligned with the company’s strategy. Tips for Designing Compensation Packages.

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.

Flash Report | CHRO Compensation and Company Performance Still Not Aligned

HRO Today

With additional responsibilities and often their own initiatives, HR executive compensation should accurately reflect this work and its impact on company performance and metrics. Do HR leaders feel that they are being fairly compensated?

CHRO 52

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.

Cafe Classic: Black Holes and Compensation Metrics

Compensation Cafe

Editor's Note: Contributor Stephanie Thomas channels her inner astrophysicist to illuminate some pay metrics lessons from the phenomenon of black holes! It's a little-known fact, but the fields of astrophysics and compensation are closely related.

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.

Calculating and improving your attrition rate: Metrics that matter

Bob

This is essentially the opposite of attrition metrics, which measure the percentage of employees who leave the company. The truth is that retention is a complex metric that, on its own, doesn’t tell us all that much about organizational health. HR Strategy attrition hr metrics

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.

6 Workforce Metrics with Significant Financial Impact

Ascentis

Knowing which metrics and measurements to focus on is a perennial challenge for CFOs and finance departments, and the current state of workforce management makes it that much trickier. That has also changed the way we will consider which metrics matter most in the near future.

10 Succession Planning Metrics You Should Know

Analytics in HR

Tracking succession planning metrics helps you understand how you’re doing and what you need to do better. Let’s have a look at succession planning metrics your organization can learn a lot from. Common succession planning metrics 1. Other operational metrics.

10 DEI Metrics Your Organization Should Track

Analytics in HR

Using DEI metrics to assess your organization’s efforts and then acting on the resulting data is key to ensuring furthering the DEI mission. What are the key DEI metrics to track? Tracking your DEI metrics is thus a matter of priority. Contents What are DEI metrics?

Cafe Classic: The Compensation Cookbook

Compensation Cafe

Editor's Note: Here, for a little midweek fun, we bring you Jim Brennan and his long-awaited, utterly authoritative and instantly gratifying dictionary of compensation decisions. The Compensation Cookbook will solve all your problems. No compensation chef should be without this essential guide to serve up the ideal menu in your café, restaurant, or eatery .

A Crash Course in Key Compensation Metrics

Namely - Talent

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. HR HR Metrics Compensation

10 Employee Retention Metrics You Need to Know

AIHR

Let’s have a look at employee retention metrics that help improve employee retention at your organization. Why you need to measure employee retention Common employee retention metrics. Employee retention metrics help you assess that. Common employee retention metrics.

Cafe Classic: The Compensation Cookbook

Compensation Cafe

Editor's Note: In today's post, Jim Brennan serves up his Classic tale of The Answer to our compensation design and practice challenges. . The Compensation Cookbook will solve all your problems. No compensation chef should be without this essential guide to serve up the ideal menu in your café, restaurant, or eatery . Past Compensation Editor of the Personnel Journal and last Senior Associate of pay surveyor ERI , he recently returned to consulting.

Unleash Your Inner Scientist: A Lab Mindset & 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.

24 HR Metrics to Track and Measure

Achievers

It can provide your organization with valuable insights related to job design, recruiting, compensation, employee training, and more. By tracking key HR metrics, you can see where your organization is strong and what needs improvement. Using HR metrics.

9 Employee Wellbeing Metrics to Track Right Now

AIHR

Let’s have a look at all you need to know about employee wellbeing metrics. Contents What are employee wellbeing metrics? Useful employee wellbeing metrics. What are employee wellbeing metrics? Check out the employee wellbeing metrics in more detail below.

Compensation Planning in 7 Actionable Steps

Analytics in HR

Thorough compensation planning allows your organization to create compensation systems that reward employees fairly and support business goals. What exactly is compensation planning, what are its objectives, and how do you go about compensation planning in practice?

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. There are all sorts of aspects to analyze here, but 10 metrics are more important than the rest. This metric may not be as precise as the first one, but it’s sometimes even more important.

Honest, Accessible Metrics are Key to D&I Reporting and Progress

Trusaic

HBR writes that companies may be tempted to manipulate it to paint a picture more to their liking if the data reveal problems; that is, to create “vanity metrics.” Are diversity metrics uniform across different departments? Are incentives and compensation tied to D&I goals?

Sales Compensation: Chicken or Egg?

Compensation Cafe

I am often asked to “fix” sales compensation programs. A compensation professional likes to mix just a little bit of science with their art, and sales incentives without a structure are basically 100% art. There is a ton of technical knowledge required to be great at sales compensation.

7 Current Post-Pandemic Compensation Developments

Compensation Cafe

The past couple of weeks have shown us that compensation in a post-pandemic world may be less predictable than predicted. Equity compensation vesting schedules may finally be changing. Equity Compensation vesting schedules are changing to correct a well-known problem.

Compensation Analyst: All You Need to Know About the Role

AIHR

In the competitive candidate market, organizations need to get their compensation strategy right. That’s why a compensation analyst is a fast-growing role and a career path worth considering. Let’s explore the role of a compensation analyst and how you can become one.

20 HR Metrics To Consider Adding to Your Company’s KPIs

Pingboard

In this post, we’ll go over 20 HR metrics — qualitative and quantitative — that will deliver the clearest insights for your organization. . What Are HR Metrics? . As you’ll see, HR metrics include a wide range of core and non-core areas like: . Compensation.

Cafe Classic: Aligning Incentives, Performance Metrics and Strategic Objectives

Compensation Cafe

How clear is the line of sight between your performance pay programs, strategically linked performance metrics and the organizational strategy? If managers focus solely on the metric, they exhibit what is known as surrogation.

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. Capturing internal compensation metrics data is not the same as using that information. Use of Metrics. Below are three standard examples to illustrate how metrics could be used.

Benefits of Compensation Analysis

Decusoft

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.

Compensation Strategy and Culture: 3 Steps to Create Alignment

Analytics in HR

The compensation strategy plays a crucial role in ensuring clarity when making salary and benefits decisions within your organization. With a clear framework for compensation, you will be able to help your organization become more competitive when it comes to attracting and retaining talent.

Fundamentals of Executive Compensation

Decusoft

Are you new to the world of executive compensation? Do you want to make sure you have the foundational skills you’ll need to create executive compensation programs that will help you cultivate, inspire, and keep the talent you’ll need to meet your company’s goals?

Compensation Practitioners Should Be Skeptical of Economic Forecasts

Compensation Cafe

If these industries are included in the "basket" of goods, the resulting metric may be more volatile. Throughout her career, Stephanie has completed research on a variety of topics including wage determination, pay gaps and inequality, and performance-based compensation systems. Base Salaries Incentives/Bonuses Total Rewards CCI compensation consumer confidence CPI economic activity economic forecasts employment lagging indicators leading indicators PPI prices

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! But first, let’s answer the question: What are recruiting metrics? What are recruiting metrics? Recruiting metrics are measurements used to track hiring success and optimize the process of hiring candidates for an organization.

SPAC Attack: Executive Compensation Top 10 List

Compensation Cafe

If you are reading this series ( SPAC Attack 1 , Equity Compensation ) of articles closely, you are probably working at a high-growth, privately-held company with aspirations of being an even higher-growth publicly traded company.

7 Compensation Issues and How to Fix Them

Analytics in HR

Ignoring compensation issues at your organization can lead to unhappy workers, low morale, decreased productivity, and increased turnover. So how do you identify and fix compensation issues? Contents Examples of compensation issues Steps to identify and fix compensation issues.

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.

12 Best Employee Performance Metrics To Track in 2022

CuteHR

Many modern businesses are increasingly evaluating employee performance using unorthodox employee performance metrics. What are Employee Performance Metrics? Employee performance metrics are key performance indicators that benchmark and quantify employee performance.

Compensate Accordingly

HRO Today

The great opening up of offices remains a work in progress, and part of that process involves renegotiating compensation plans for remote or hybrid employees. Many managers and CEOs remain confused about how to navigate these new compensation waters.