AIHR

MAY 31, 2023

Knowing how to calculate the promotion rate and benchmark your internal promotion rate against competitors allows businesses to understand how well they are promoting from within and pinpoint areas where promotion policies and practices could be improved. SHRM’s benchmarking report states that the average promotion rate is 6%.

Metrics 76

Metrics Employee Engagement Benchmarking Performance Management 76

AIHR

MARCH 16, 2023

By investing in employee development, employers encourage performance and career growth. Improving employee retention Losing top performers is costly, both in terms of recruitment and lost productivity. Onboarding : Getting people up to speed as quickly as possible helps to make them more productive and increases employee retention.

Manager 110

Manager Onboarding Recruitment Implementation 110

Chief Executive

JANUARY 19, 2023

One thing that stands out in reading about your father’s approach to running the business is that you don’t benchmark against another chicken sandwich joint. When you say you’re benchmarking against the best, you’re looking at Ritz-Carlton. In a growing organization, it’s all about leadership development, grooming and nurturing.

Operations 98

Operations Benchmarking Leadership Development Scaling 98

AIHR

OCTOBER 26, 2023

Establishing performance goals within a PDP facilitates ongoing assessment and feedback and allows for a sense of accomplishment and motivation – when employees can clearly see their progress and development, they experience overall job satisfaction. The result is greater productivity.

Implementation 78

Implementation Manager Benefits Sales 78

AIHR

MARCH 24, 2023

Have the tools to set future performance goals – The goals and benchmarks your company is achieving now are a good indication of what goals to set in the future and at what pace your business can achieve them. Pros: Helps improve communication and performance and is an excellent leadership development tool.

Performance Management 83

Performance Management Scaling Manager Performance Review 83

AIHR

OCTOBER 20, 2023

Key metrics and performance indicators: An overview of key metrics such as turnover and retention rates, progress on diversity and inclusion goals, employee engagement scores, and compensation metrics. What to include in the report Turnover and retention rates : Analysis of the overall employee turnover and retention rates.

Metrics 62

Metrics Recruitment Compensation Diversity 62

AIHR

DECEMBER 15, 2023

Has employee engagement, morale, and retention improved? Employee development plan : An employee development plan is a strategy for developing an individual’s knowledge and skills to equip them for current and future roles. It’s focused on knowledge creation, knowledge retention, and knowledge transfer.

ROI 92

ROI Education Revenue Metrics 92