Vantage Circle

JANUARY 10, 2024

Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmark Against Industry Standards Research industry-specific benchmarks to see how your organization compares to others in your field. Benchmarking against industry standards. Analyzing historical data.

Metrics 52

Metrics Retention Benchmarking Implementation 52

Chief Executive

JUNE 20, 2023

Some thinkers and educators use different terminology to express this concept, for example, “goal” refers to the long-term mission, and “objective” refers to the measurable steps to reach it. Are there appropriate benchmarks in place to evaluate whether the company is moving in the right direction? How are teams functioning?

Benchmarking 98

Benchmarking Manager Compensation Media 98

AIHR

AUGUST 16, 2022

Talent acquisition analytics—also known as TA analytics—refers to the process of analyzing candidate and recruitment data and discovering unique insights that can help you make evidence-based decisions in your recruiting and onboarding processes, improve your hiring journey, and ultimately, meet business objectives.

Recruitment 112

Recruitment Metrics Benchmarking Software 112

AIHR

FEBRUARY 12, 2024

In the Employ’s Quarterly Insight’s report , benchmark data indicates that one-third of the time spent hiring is on sourcing, regardless of how fast the hiring process is. They assess the sourced candidates using interviews, tests, and reference checks to identify individuals who best match the company’s requirements.

Recruitment 91

Recruitment Onboarding Media Staffing 91

AIHR

MARCH 8, 2023

Referring to other company’s employee value proposition examples can be a great source of inspiration for HR professionals who want to create, update, or modernize the EVP of their organization. They are transparent about their benefits and compensation. Contents What is an employee value proposition (EVP)?

Compensation 113

Compensation Benefits Inclusion Manager 113

AIHR

FEBRUARY 28, 2024

HR analytics, also referred to as people analytics or workforce analytics, involves gathering, analyzing, and reporting HR data. For more real-world HR analytics examples, you can refer to the case studies we published in the past. However, certain circumstances may require incorporating external benchmarking data.

Human Resources 111

Human Resources Metrics Human Resource Information Systems (HRIS) Recruitment 111

AIHR

JANUARY 8, 2024

Employee commitment refers to how attached, dedicated, and invested an employee is in their job and the wider values, mission, goals, and success of the company. Employee commitment survey Employee engagement survey Refers to the degree of loyalty and dedication an employee has towards their organization.

Scaling 85

Scaling Retention Benchmarking Employee Engagement 85

AIHR

FEBRUARY 19, 2024

Benchmarking this metric between different departments and managers/partners can also provide valuable insights. This metric also relates to employee utilization rate , which refers to the amount of working time an employee is spending on billable tasks. Other HR metrics examples 10.

Metrics 94

Metrics Recruitment Revenue Human Resources 94

AIHR

JULY 31, 2023

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Human Resources also refers to the workforce or people employed in an organization.

Human Resources 58

Human Resources Recruitment Compensation Onboarding 58

AIHR

OCTOBER 13, 2022

In this episode of All About HR season 2, we sit down with Virgile Raingeard — CEO @ Figures — to discuss how HR in startups and scaleups can build an inflation-proof compensation strategy. Virgile is an experienced C&B leader whose company is dedicated to helping startups and scaleups build fair and equitable compensation philosophy.

Compensation 52

Compensation Manager Benefits Scaling 52

AIHR

MARCH 22, 2023

Conduct a market analysis for the job offer Conducting a market analysis typically includes researching salary and benefit trends for your industry and region, analysing competitor job offers and based on your research, creating a competitive compensation and benefits package. What is a job offer letter?

Compensation 87

Compensation Benefits Recruitment Marketing 87

AIHR

FEBRUARY 20, 2023

Create referral bonuses for your employees: Employee referrals are a great way to expand your reach to potential candidates, particularly as the employee will probably only refer people within their network who they believe are a good fit. It is recommended to have 3 interview rounds as your benchmark.

Recruitment 126

Recruitment Media Advertising Compensation 126

AIHR

MAY 23, 2022

They have needs and wants that must be met, like the need to be heard, compensated well, and grow professionally. Any references to actual people should be removed. You can also add health perks to your total compensation strategies like gym and fitness club memberships. View employees as consumers. Conclusion.

Benefits 120

Benefits Compensation Implementation Software 120

AIHR

OCTOBER 5, 2023

Localized compensation & benefits – Creating compensation packages tailored to different regions to attract and retain the best talent globally. Establish measurable key performance indicators (KPIs) and benchmarks to track progress.

Change Management 96

Change Management Implementation ROI Manager 96

Zenefits

AUGUST 3, 2022

Leave sharing, often referred to as pooling PTO, is the practice of employees accruing paid time off, including sick and vacation days, that can be used to benefit another employee. The point of employee benefits is to provide a worker with additional compensation and highlight their value. Pooled sick days. Streamline HR processes.

Benefits 52

Benefits Insurance Retention Benchmarking 52

AIHR

AUGUST 9, 2023

Compensation and benefits management through offering fair and competitive pay and benefits. HR professionals conduct salary benchmarking, set pay ranges, manage payrolls, and designs benefit plans. Employee engagement and satisfaction by creating a positive work environment that fosters employee engagement and satisfaction.

Human Resources 89

Human Resources Compliance Employee Engagement Recruitment 89

Walk Me

JULY 27, 2023

It serves as a reference point for employees to understand what is expected of them and helps ensure consistency in how policies and procedures are applied across the organization. They help potential candidates understand what will be expected of them and provide a benchmark for evaluating employee performance.

Human Resources 52

Human Resources Compliance Employee Engagement Diversity 52

AIHR

JANUARY 24, 2023

The numbers reflect how well the initiatives are working and provide reference points for reaching DEI goals. It also gives you a means for establishing goals, setting benchmarks, and measuring progress. DEI data builds the foundation of an effective DEI strategy. This keeps you accountable and on track for success.

Diversity 81

Diversity Employee Engagement Inclusion Compliance 81

AIHR

MARCH 16, 2023

HR professionals can leverage current employees to be brand advocates and to refer potential candidates who fit the organization’s culture and values. “HR can benchmark against other organizations to identify best practices. Referral Referrals are a valuable source of promising talent.

Manager 112

Manager Onboarding Recruitment Implementation 112

AIHR

JUNE 15, 2021

In its original use, compa ratio (or comp ratio, or compensation ratio) is a simple formula designed to compare an individual’s actual salary to the midpoint of a defined salary range. Over the past few decades, HR and compensation professionals have found many more ways to use it. Compensation definitions. What is compa ratio?

Compensation 105

Compensation Marketing Metrics Benchmarking 105

AIHR

APRIL 28, 2023

Informed decision-making: As an HR professional, you are able to collect and collate valuable performance data through evaluations, which in turn can be used to inform decisions related to promotions, compensation adjustments, and resource allocation. Employees understand their strengths and areas for improvement.

Scaling 80

Scaling Employee Engagement Implementation Manager 80

Vantage Circle

JULY 20, 2023

Pay Equity : Analyze compensation data to identify and address gender, racial, or ethnic pay gaps. This refers to assessing the current demographic composition of your workforce and evaluating whether it reflects a diverse and inclusive representation. Are there transparent compensation practices and guidelines in place?

Inclusion 58

Inclusion Diversity Metrics Recruitment 58

AIHR

JUNE 15, 2023

Employee satisfaction, also referred to as job satisfaction, is a measure of how content and happy employees are with their jobs and their workplace environment. You should also compare the results with past surveys or benchmark data to track progress and measure effectiveness of past interventions.

Employee Engagement 86

Employee Engagement Scaling Implementation Manager 86

AIHR

DECEMBER 7, 2022

For an in-depth explanation of our methodology , refer to the end of the article. Although the Payroll Team Lead, Compensation & Benefits Specialist, C&B Manager, DEIB Officer, DEIB Consultant, Process Engineer, and Facilitator are highly specialized roles, these are still at risk of becoming automated. Download full data set.

Administration 120

Administration Organizational Development Manager Implementation 120

15Five

MARCH 14, 2023

So spending most of my career in a center of excellence, in compensation and benefits, by itself, it is not a powerful tool. ” Which that is one component, compensation is one component, but the forgotten piece is, “Am I developing?” And to me, what I love most about it is how everything fits together.

Benefits 80

Benefits Manager Banking Assets 80

Get Lighthouse

FEBRUARY 9, 2023

Unfortunately, remote employees only see a small fraction of those things, so you need to compensate for that. set goals clear enough that people can benchmark themselves or their decisions? That interaction activates what's sometimes referred to as our "social engagement system.” This extends to a variety of situations.

Onboarding 137

Onboarding Manager Team Management Benefits 137

AIHR

FEBRUARY 27, 2024

As such, it usually includes: Learning and development Compensation management Succession planning Industry data and benchmarks Advanced data & analytics Business intelligence Bear in mind that the exact features and functionalities of an HRIS, HRMS, and HCM differ per provider.

Human Resources 89

Human Resources Human Resource Information Systems (HRIS) Software Implementation 89

AIHR

MAY 1, 2023

Your statement is a benchmark for how you expect your employees to behave, reassuring individuals they can bring their whole selves to work without their colleagues discriminating against them. Consider showing your compliance with regulations and be specific about what laws you are referring to in your equal opportunity employer statement.

Inclusion 72

Inclusion Diversity Compensation Recruitment 72

Vantage Circle

DECEMBER 19, 2023

It refers to the percentage of employees who leave the company within a specific period. However, benchmarks for average employee tenure vary drastically between industries. Overtime Overtime refers to any hours an employee works that exceed regular work hours. But, when seen as a dataset, they can offer wonderful insights.

Metrics 105

Metrics Retention Human Resource Information Systems (HRIS) Employee Engagement 105

AIHR

DECEMBER 20, 2023

We also continued to grow our HR glossary library, where you can find 100+ entries arranged in alphabetical order for easy reference. This year, we’ve published: 19 Learning Bites : Where you can find everything you need to know on Learning and Development, Compensation and Benefits, People Analytics, and more!

Benchmarking 57

Benchmarking Engineering Compensation Manager 57

AIHR

AUGUST 3, 2023

Employee attrition refers to long-term vacancies or position eliminations. Common reasons for leaving include low compensation, poor work-life balance, lack of recognition or career development, poor management, and a hostile work environment. If your employee attrition rate is high, your company is shrinking.

Reorganization 72

Reorganization Compensation Recruitment Retention 72

Zenefits

JULY 9, 2022

The report refers to a wage comparison between men and women with equivalent qualifications as a “controlled” gender pay gap. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. Using compensation data. Money/funding (12%). Prioritization (12%). Limited staffing (10%).

Compensation 52

Compensation Education Sales Sales 52

AIHR

APRIL 12, 2023

This will allow the company to track an employee’s progress — or see if they are consistently not meeting benchmarks. This will affect an employee’s eligibility for promotions or higher compensation, so it’s good to have on hand. Key takeaways Performance reviews are for everyone’s benefit.

Performance Review 82

Performance Review Implementation Manager Compensation 82

AIHR

JULY 26, 2022

Headcount planning refers to creating plans to ensure that your organization has the right number of people with the right skills to meet organizational needs in short- and long-term. Look for team sizes and ratios benchmarks, and combine the data with your company’s growth plan. Contents What is headcount planning?

Staffing 128

Staffing Recruitment Sales Sales 128

AIHR

FEBRUARY 27, 2023

Employee retention : Monitor, analyze and report employee turnover rates Review compensation and scheduling guidelines to align with today’s workforce Plan and launch employee retention programs and initiatives to reduce turnover.

Staffing 77

Staffing Recruitment Succession Planning Retention 77

AIHR

DECEMBER 8, 2023

The goal of shape refers to having the right workforce configuration with competencies needed today and tomorrow. Compensation & benefit analysis Compensation and benefits data is structured, accurate, and directly related to bottom-line performance. An excess of vacancies can be a good indicator of this.

Revenue 79

Revenue Manager Benefits Marketing 79

Vantage Circle

FEBRUARY 23, 2021

Equity in a workplace refers to fair treatment for all. In any workplace, equality refers to equal rights to every opportunity and exemption from any sort of discrimination. Equality provides equal opportunities for everyone, whereas workplace equity refers to a proportional representation for the same opportunities.

Inclusion 64

Inclusion Diversity Onboarding Implementation 64