Remove 2012 Remove Benchmarking Remove Metrics
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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. Back in 2012, the Society for Human Resource Management (SHRM) worked with the American National Standards Institute (ANSI) to create a uniform standard calculation for cost per hire (CPH). Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

To achieve this, the company hired an HR business intelligence team, standardized their reporting metrics, and invested over $3 million in a data warehouse and business intelligence (BI) software. Analysts to determine metric definitions and create reports. Data warehouse software licenses. Data integration tools licenses.

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HR Analytics – The “GPS” of True HR Transformation

Visier

Demonstrating the business value that HR provides by putting metrics in place. Redefining the metrics of success, with metrics focused on business challenges rather than favored, traditional (read “non-business relevant”) HR metrics. Numbers behind HR – benchmarking & analytics. Enabling HR service delivery.

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Performance Appraisal: The Ultimate Guide

Analytics in HR

Identifying opportunities for improvement based on pre-determined goals and metrics is a key goal of performance appraisals. 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.

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The Art, Science and Impact of Implementing Data-Driven HR in 2017

Cornerstone On Demand

HR professionals are generally very good at reporting and benchmarking, but not as good at more sophisticated analytics. A Mercer survey found that 69 percent of business executives do not believe HR professionals possess an adequate skill level to perform more sophisticated analysis.

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2016 Turnover Rates by Industry

Compensation Force

If you aren't already familiar with their Benchmark Pro and other survey products, please check them out! Links for historical Turnover Rates: 2008 , 2009 , 2010 , 2011 , 2012, 2013 , 2014 and 2015.

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Top Five Turnover Causes in Healthcare

HSD Metrics

We also have over 25 years of normative (also known as a benchmark) data that has been collected through ExitRight® our flagship product. Since we first published this data in 2012, workload and job demands have risen in importance, while the need to feel recognized, appreciated and respected has shifted down two spots, industry-wide.