This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
2025 is fast shaping up to be a crucial year for the professional services industry. Each year, we sponsor the SPI Professional Services Maturity Benchmark Report , a comprehensive survey of thousands of professional services organizations. This is clearly borne out by this year’s 2025 Professional Services Maturity Benchmark.
In addition to identifying internal trends, HR software can incorporate labour market data, salary benchmarks, and industry forecasts to provide a more comprehensive view of talent supply and demand.
Organizations must regularly benchmark their compensation packages against industry standards to remain attractive to potential employees. Key Considerations Competitive Salary Structures: Ensuring that salary structures are competitive is crucial for talent acquisition and retention.
Introduction to Construction Recruitment in Texas The construction industry in Texas is experiencing a dynamic and robust period of growth. Importance of Specialized Construction Recruiters Specialized construction recruiters are crucial for navigating the unique challenges of hiring in the construction industry.
Download this report for a definitive collection of industry trends in critical hiring, brought to you by the world's leading recruiter engagement platform. Yet 50% of the time, the winning candidate hits the hiring manager’s inbox within 1 week when utilizing the BountyJobs platform.
AI for every day: Practical tools for HR efficiency In recent years, generative AI burst onto the scene with promises of radical workplace transformation, spurring predictions that it would reshape entire industries overnight. It will be driven by practical, real-world applications that add genuine value to HR teams every day.
Founded in 1960, Randstad has evolved to become one of the largest HR service providers globally, serving clients across multiple industries in over 38 countries. Hays operates in 33 countries and is known for its expertise in professional recruitment across industries such as IT, finance, and engineering.
APQC surveyed over 600 workers from various industries, organizational sizes and job roles to identify the things they value most about their employee experience and whether they are receiving those things in their current role. A quarter of our respondents disagreed with the statement: It would take a lot to leave my current job.
This partnership will give HR leaders data to support skills enrichment, benchmarking and custom skill profiles. (Created with Claude) HR tech products and people in the news Global labor market analytics company Lightcast launched its real-time skill insights solution on the SAP Store. Find out what else is on their mind.
From employer and recruiter performance and timelines, to a look at the top industries as far as job volume, salaries, and more, our annual report is one that talent professionals look forward to each year – now more than ever.
Instead, the letter said that American Airlines understands that they cannot engage in hiring quotas, and that placement goals are simply a benchmark and shouldnt be interpreted as a ceiling or floor for the employment of a particular group of persons.
The flexibility of RPO models makes it appealing to companies across industries, but understanding the pricing models and how they align with your business needs is crucial to maximizing ROI. RPO involves partnering with an external provider to manage some or all aspects of a company’s recruitment processes.
By profiling their employees and better understanding them, businesses can assemble a ‘skill inventory’ that can be benchmarked against standards for their industry or geographical area. Fuel50 benefits both organizations and their people.
The IT Employee Retention Puzzle Why does the IT industry experience such high turnover? Regularly benchmark your compensation strategy against similar companies in your region and industry. Sponsor certifications, workshops, and industry conferences to showcase your investment in their growth.
Speaker: Kevin W. Grossman, TAS, HCS | Talent Board and the Candidate Experience (CandE) Awards President
Whatever the world looks like, Talent Board's candidate experience research shows that maintaining a quality candidate experience is difficult for companies large and small across industries year after year. However, the fundamentals of a good recruiting process and a good candidate experience remain constant.
I hope that this is a call to action for folksI hope that this is a tool that they can use to the industry at large, to better support, you know, the people that rely on us as companies, said Amber Zeise, director of people at Cocoon. An additional 29% of respondents signaled that it might be a deal breaker.
Additionally, they can provide benchmarking data from similar organizations, helping to guide your hiring strategy. Partner with a background check provider that specializes in retail Background check providers who specialize in retail understand the nuances of seasonal hiring, including the need for quick turnarounds.
Benchmarking is a practice that enables organizations to create a data-driven foundation for decision-making, provides context around performance to help identify improvements and uncovers new practices for adoption across an enterprise.
Benchmarking is probably the easiest, most available tool out there, and that means checking where you are in the market, for your geographical location, for the role that youre hiring, and within your industry in general, because if you have remote employees, youre competing with the entire country and possibly the world.
Benchmarking : Compare turnover rates with industry standards to assess whether your rate is above or below average. How to track : Separation data : Track the number of employees leaving the company within a specific period and calculate the turnover rate as a percentage of the total workforce.
The healthcare industry presents unique challenges for HR professionals, from managing complex regulatory requirements to scheduling staff efficiently and ensuring seamless payroll and benefits administration. Look for Industry-Specific Features Compliance tracking : Ensures adherence to healthcare regulations.
As of 2024, many major UAE industries have increased their salaries in strategic positions to attract and sustain employees with great skill sets. This competitive atmosphere now makes salary benchmarking highly important for HR managers. Salary benchmarking ensures you address the situation before it escalates.
Edcor has deployed an industry-leading, detailed customer service measurement tool that provides agents with actionable insights into their performance daily using a combination of traditional contact center metrics, post-call survey results, and speech analytics. Think Edcor. Think Possible. Adrienne L.
After breaking down cross-industry data for this measure, we provide guidance for how you can interpret your own benchmarking results and what to do if your onboarding process isn’t where you need it to be. For a comprehensive assessment of your onboarding performance, don’t benchmark this measure alone.
Employee Experience Best Comprehensive Solution Simpplr Winner Simpplr stands out as an industry leader by effortlessly integrating AI-driven solutions into a user-friendly intranet platform, fostering a seamless and personalized employee experience that drives engagement and organizational cohesion.
RPO providers utilize cutting-edge tools, AI-driven candidate assessments, and extensive industry networks to ensure companies gain access to top-tier talent. By leveraging industry expertise and data-driven insights, RPO providers help companies enhance hiring efficiency, reduce costs, and improve candidate quality.
This is where benchmarking metrics for your recruiting funnel come into play. By evaluating the key stages of your recruitment process against industry standards, you can identify areas of improvement, optimize hiring strategies, and ultimately make better hiring decisions.
As baby boomers retire, there’s a notable gap in numbers to fill their roles, leading to a shortage that’s felt across various industries. Benchmarking sets the foundation for sustainable growth. The aging population and declining birth rates are creating a shrinking pool of working-age adults.
In industries such as retail and healthcare, where there are extensive skills shortages, this becomes even more important as the lack of available people often leads current employees to work additional shifts or do more than what is reasonably expected.
Keeping up with industry trends to anticipate the skills in demand. This includes salary benchmarking and calculating hiring costs associated with benefits, onboarding, training, and recruitment tools or agencies. Your recruitment team must research industry salary standards and adjust for location, skill level, and demand.
How to get salary benchmarking right: a quick guide for HR pros inn summary: In this blog, youll: Learn how to benchmark salaries effectively to stay competitive in the job market and ensure fair, transparent pay across your organisation. First things first: what is salary benchmarking?
Benchmarking plays a crucial role in business, whether it involves internal assessments or comparisons with industry standards. This is why benchmarking is so important in business — both internally and externally. Marketing and sales teams can likely tell you how many leads they produce per month.
This is relevant, especially in industries where continuous training is critical. A final word HR KPIs are an excellent way for HR to contribute to the overall organizational strategy, providing measurable benchmarks to assess how HR contributes to business success. Another example of a lagging KPI might be labor cost per employee.
The US Department of Labor notes that the percentage of private industry workers with access to flexible healthcare spending accounts increased from 36% in 2012 to 43% in 2021. These averages show the evolving standards in PTO offerings and can be a helpful benchmarking tool.
Benchmarking HR staff productivity enables leaders to talk about headcount in a data-driven way that connects to business goals and outcomes. When evaluating HR staff productivity, it’s important to dig deeply into your specific context and account for any factors that might shape your benchmarking results.
Subscribe for insurance and industry tips, tricks, and more Email Sign Up What’s going on? While premiums were down year-over-year in 2024, Embrokers Benchmarking Report highlights how premiums are impacted based on the various growth stages of a company, underscoring how risk changes as a business grows. Whats going on?
Boost Team Performance with Clear Skill Benchmarks Clear skill benchmarks for each position enable teams to function optimally. This focused approach eliminates wasteful spending on misaligned training while maximizing the impact of development initiatives through personalized learning paths tied to role requirements.
Additionally, AI-driven tools can recommend tailored action plans based on industrybenchmarks, ensuring companies stay on track with their DE&I goals. This data provides valuable insights that help organizations identify gaps and implement targeted initiatives to drive improvement.
Industry analyst firm Nelson Hall recently identified ADP as a leader in both the small and medium business as well as mid to large market segments. Organizations can use technology to access the right data and industrybenchmarks. Estimated reading time: 4 minutes. Congrats to them! Enjoy the read.).
Advertisement - Nuances of a skills-based approach The D2L report found that 41% of employees would turn to their current employer first for job- or industry-specific skill development, far surpassing other options. Jain added that, for HR leaders in particular, many employers aren’t looking for direct industry experience.
Benchmarking your organization’s benefits, programs, and policies against industry standards and best practices is also helpful during the design phase. Additionally, considering the needs and preferences of diverse groups, which 46% of companies do, ensures employees from all walks of life find value in the business’s offerings.
Here are a few turnover rates for key industries: Financial institutions: The Economic Times reveals that employee attrition within the financial services segment was at 25% while life insurance had the highest attrition rate at 47%. Impact of high employee turnover rates 1.
Try looking out for: Seasonal spikes: Some industries see increased turnover rates at certain times of the year. But if you’re not in an industry where that’s expected and you’re still seeing spikes during certain months, you’ll know that’s something to watch out for in the future. Here are some strategies for doing that.
By benchmarking compensation data against industry standards, HR can ensure that salaries remain competitive. For instance, if survey results indicate dissatisfaction with management, HR can implement leadership training programs to improve communication and support.
We organize all of the trending information in your field so you don't have to. Join 318,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content