Compensation Cafe

DECEMBER 29, 2014

decisions, relying on the Best Available Data known at the time. Even compensation experts, supposedly the most analytical of HR types, have difficulties with data. decisions, made according to the “best available data” when action was required. . When there is no good data, you must rely on the Best Available Data. The real world is filled with bad information, inadequate facts and missing data points. All decisions are B.A.D.

Bonuses and Incentives 61

Bonuses and Incentives Benchmarking Data Compensation 61

Compensation Cafe

JANUARY 14, 2015

That is probably the most significant reason for surveys to vary, because collecting/analyzing really good data very well/carefully, consistently, continually, etc., Each separate survey usually asks different questions (or reports them in different ways) and uses different benchmark titles for different markets and industries. Most compensation surveys vary in rather consistent ways. What other observations about compensation surveys should be made?

Bonuses and Incentives 50

Bonuses and Incentives Survey Benchmarking Data 50

EmployeeConnect

APRIL 22, 2017

M easurable: Predefine the benchmarks by which progress is measured. The plan might include cross-training, skills development, earning industry certifications, developing networks of associates, attending seminars or receiving coaching from a mentor, manager or skilled co-worker. Software can capture data from teams, divisions, past supervisors, co-workers and others to provide a more complete profile of each employee.

Examples 116

Examples Metrics Benchmarking Coaching 116

CuteHR

MARCH 6, 2020

which share reviews on the company’s culture, salary benchmarks, and other associated reviews. Data to Manage Hiring. Data backed hiring strengthens your approach and helps build better strategies to attract talent. There is a lot of data analysis that can be done to identify how your current strategy is working and if it needs improvisations. These include: Regular workshops and seminars in different colleges to showcase career opportunities.

Employer Branding 43

Employer Branding Strategy Applicant Tracking System Benchmarking 43

Workable

JUNE 23, 2017

What is a good benchmark for application process length? What is a good benchmark for average interview process length? If you don’t have enough of your own data yet, use your industry’s benchmarks to determine whether you receive enough candidates: Recruitment benchmark data on qualified candidates per hire via Workable. Track time to fill internally and compare over time for better benchmarking.

Benchmarking 55

Benchmarking Recruitment Applicant Tracking System Workable 55

SurveySparrow

DECEMBER 18, 2018

Other companies in the world benchmark Google when it comes to innovation and rightly so. Dogged reliance on data. If you had to make a decision and it depended either on opinions or specific data, would you rather choose data to make the decision or random opinions? Data usually beats opinions. Google has millions of data points and they make it a habit to test and measure everything that they do.

Data 60

Data Benchmarking Policies Productivity 60