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?

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

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.

Compensation Dictionary

This is your crash course in the compensation. master any compensation conversation. compensation plan. address what you plan to reward with compensation (performance, tenure, acquisition of skills, etc.). importantly, that compensation is administered fairly.

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.

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

Analytics in HR

If you do not define what ‘good performance’ looks like and how you can measure it, how will you find out if you’re doing well? KPIs are strategic metrics. Only metrics that have a direct link with the organizational strategy can be called KPIs.

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.

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 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!

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.

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.

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 Is Not Appreciation’

HRExecutive

Survey respondents also reported high rates of absenteeism (33 percent) and work-family (81 percent), as well as increased mental health and behavioral problems (63 percent).” According to the study, Gallo says, “Staff recognition and praise matters more than compensation, indicating that improving managements’ skills and ability to provide verbal and written support is more meaningful than increasing salaries. ” compensation HR profession recognition

The Death Spiral of Your Compensation Programs

Compensation Cafe

Have you ever asked yourself, how effective are the Compensation programs in your organization? All is well. Would you know when trouble is brewing, when the death spiral has begun for those compensation programs?

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.

Compensation Linked To Performance, Feedback, and Engagement

LAROCQUE

Compensation Practices Driving Cultural Shifts In Performance Management Explored In New #HRWins eBook. ” Well, there isn’t any excuse for not knowing any more. Data that give employees an idea of their fair market value for total compensation.

Incentive Plans Work Too Well (here’s the trick)

Compensation Cafe

It's not that incentive plans don't work well, it's that they can work too well in motivating unintended consequences. Are any incentive compensation experts shocked by this? The failed Wells Fargo incentive plan and Tax Reform are similar.

The End of Compensation, Rewards, and Human Resource Management

Compensation Cafe

In spite of all the progress we’ve made over the years and decades, a troublesome fissure still persists in approaches to Compensation, Rewards, and Human Resource Management (CRHR) in many organizations. Unfortunately, ARMS and being well-ARMED are not enough for the organization.

Diversity Considerations in Compensation: Part 2 – Workplace Currency, Manager Favoritism

Compensation Today

In our first diversity and compensation post , we covered how to identify and resolve inequities within your current compensation practices, as well as the pros and cons of a self-audit. We (reasonably) expect to receive some sort of compensation in exchange for our efforts.

Life Cycles and Compensation

Compensation Cafe

Companies go through life cycles as well. 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. The same goes for compensation.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015.

Pay the Friendly Way: United Airlines Ties Executive Compensation to Customer Satisfaction

Compensation Today

While they have done much to repair the damage, a recent development highlights how this is not only affecting their external customer satisfaction policies but their internal compensation policies as well. Learn More About Our Compensation Software.

Executive Compensation 101: What to Consider

HR Daily Advisor

How do you decide the appropriate level of compensation? How do you align executive compensation goals with the overall company compensation philosophy? Executive Compensation–Consider the Angles. Other metrics?).

Want an Effective Compensation Plan? Transparency Matters

HR Daily Advisor

When it comes to compensation, however, talking the talk is pretty important, too. It’s not enough to have an effective compensation plan if it is something of a mystery to employees how their pay rate is determined. Compensation plan review.

A Closer Look at Executive Compensation

HRExecutive

According to an SEC statement announcing the proposal, the rules “would provide greater transparency and allow shareholders to be better informed when they vote to elect directors and in connection with advisory votes on executive compensation.”. The U.S.

Woulda, Coulda, Shoulda: An Incentive Compensation Story

Compensation Cafe

Inside that company, worked a compensation professional (“Yolanda”) who juggled many projects. She planned her year well and executed with the precision of a heart surgeon. She also combined all of these skills to build and manage her incentive compensation plans.

You Get What You Measure/Compensate For!

TalentCulture

It’s an age-old adage, “You get what you measure and compensate for.”. There are a lot of things that impact quota performance, but I suspect a large part of the challenge is the other things we measure, hold people accountable for, and even compensate at some level.

Total Compensation Statements: Considerations, Best Practices And FAQs

PlanSource

Well, you’re in luck! We’ve got the perfect solution: total compensation statements. What is a total compensation statement? That’s exactly what a total compensation statement is! Think of total compensation statements like a swiss army knife for HR.

Align Your Compensation Strategy with Business Priorities

Compensation Today

Taylor, PHR, SHRM-CP, PayScale Senior Blogger At the intersection of business objectives and recruitment is a strong compensation strategy. Use real-time salary surveys, webinars on compensation, and content shared by experts in this area to become educated. Tess C.

Tracking employee health metrics: Great idea or big mistake?

Insperity

Some wellness programs ask employees to volunteer information, such as whether they smoke or exercise. A word of caution: Be careful about implementing wellness programs that require participation, or penalize employees who are unable to participate. If not designed correctly, these wellness programs can violate federal laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Affordable Care Act (ACA). Benefits and Compensation

Is Your Company Following its Compensation Philosophy?

Workday

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. More importantly, 53 percent of the companies surveyed indicate that most employees don’t understand their company’s compensation philosophy. The post Is Your Company Following its Compensation Philosophy?

Key Metrics Your HRMS should be measuring

Unicorn HRO

Such software can help HR staff perform a variety of functions, from benefits administration to payroll, as well as recruiting and job training; all in one package. Below are some metrics your HRMS should be measuring. By doing this, HR can see what areas they may need to focus on more to ensure that they are being efficient in their duties, as well as identifying where costs can be cut so that money is not being wasted.

Are Your HR Metrics Outdated? Try These Four

Namely

When it comes to getting a full, clear view of a modern workplace and the people in it, standard HR metrics—productivity, costs, and turnover—just don’t cut it anymore. Better metrics make managers react proactively—rather than reactively—to changes in workplace culture and employee engagement. That’s not to say that tracking standard metrics is no longer necessary. That’s where the following metrics come into play. Metric 1. Metric 2. Metric 3.

Incentives and The Rule of Three

Compensation Cafe

No more than three metrics (KPI), no more than three defined goal levels, no more than three incentive plans for any one individual. Many disciplines have their own Rule of Three, it’s time the compensation industry had a cool magic rule.