Extensis

JULY 24, 2024

Common employee benefits include health, dental, vision, and life insurance, and retirement savings plans. Benchmarking your organization’s benefits, programs, and policies against industry standards and best practices is also helpful during the design phase. We’re here to help.

Hiring Software 105

Hiring Software Assessment Software HR Planning Planning Tools 105

15Five

JANUARY 23, 2024

Key Metrics for Calculating Turnover To calculate a simple turnover rate, you only need two figures: Employee departures: The number of employees that left within the period you’re calculating for. Bureau of Labor Statistics is a great resource for benchmarking. Constantly replacing employees can be a drain on resources.

Retention and Turnover 291

Retention and Turnover Hiring Software How To Onboarding Software 291

AIHR

JANUARY 6, 2025

Market-based compensation reviews: Uses industry benchmarks, competitor data, or economic factors to make decisions on compensation adjustments. Making these decisions requires research, benchmarking data, and leadership advice on budgets, investments, growth, and strategy.

Compensation 98

Compensation Assessment Software Hiring Software HR Software 98

Achievers

SEPTEMBER 12, 2024

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response.

Retention and Turnover 172

Retention and Turnover Hiring Software Employer Branding Recruiting Software 172

AIHR

AUGUST 19, 2024

Establish and track employee experience metrics: Data provides tangible evidence of what works well and which issues to address to enhance the employee experience. This metric helps you gauge the employee experience levels in your organization. Collect employee feedback and external data to benchmark against competitors.

Talent Experience 119

Talent Experience 10KC Hiring Software Onboarding Software 119

AIHR

SEPTEMBER 10, 2019

Unfortunately, many companies still base their talent plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel.

Workforce Planning 40

Workforce Planning Planning Tools Analytics Hiring Software 40

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. It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results.

HR Planning 92

HR Planning Resources Hiring Software Onboarding Software 92

Dr. John Sullivan

MAY 19, 2024

Most HR metrics are “so what metrics” because they don’t create a sense of urgency or drive action. In direct contrast, the metrics recommended here have been proven to spur action because they allow managers to easily see performance trendlines, what actions must be taken, and what problems are coming.

Metrics 109

Metrics HR Software AI Recruiting Retention and Turnover 109

Business Management Daily

JUNE 15, 2022

Baby Boomers make up a significant portion of the company’s current workforce, and their retirement over the next few years could cause serious staffing shortages in key positions. People can easily find the metrics they desire in a convenient, easy-to-use platform. Being above the benchmark should aid in attracting applicants.

Planning Tools 52

Planning Tools Hiring Software Workforce Planning Staffing Software 52

HR Lineup

OCTOBER 17, 2024

Includes topics such as retirement planning, health benefits, and executive compensation. Key Features: Detailed study of compensation metrics, variable pay, and incentives. Key Features: Covers compensation analytics, salary benchmarking, and incentive programs. International recognition and flexible online learning options.

Certification 97

Certification Compensation Course HR Planning 97

HR Lineup

FEBRUARY 2, 2025

Some employees leave due to retirement, restructuring, or performance issuesthese departures may not significantly impact a company. Offer Competitive Compensation and Benefits To retain top performers, HR should conduct regular salary benchmarking and offer competitive pay packages.

HR Software 92

HR Software Hiring Software Interview Software Retention and Turnover 92

Business Management Daily

JUNE 14, 2023

You can also separate your voluntary turnover (employees choosing to quit or retire) from your involuntary turnover ( terminating employees due to poor performance ) in your turnover calculation. Voluntary turnover refers to all the instances when employees choose to leave your company, either by quitting or retiring.

Retention and Turnover 52

Retention and Turnover How To HR Planning Retirement 52

15Five

JANUARY 18, 2024

But tracking, managing, and lowering this metric isn’t as simple as it seems. I feel like we’re constantly losing people”) into hard facts you can compare to industry benchmarks (e.g. Not only can replacing an employee cost 33% of their annual salary , but watching people leave constantly can tank morale for everyone else.

Hiring Software 246

Hiring Software Retention and Turnover Onboarding Software HR Software 246

AIHR

DECEMBER 8, 2023

As explored in our HR Metrics & Dashboarding Certificate Program , the goal of strategic workforce planning is to have a workforce with the right size, shape, cost, and agility. From this cumulative data, you can calculate, analyze, and report on HR metrics. It is conducted by HR but led by business and HR leaders.

Workforce Planning 98

Workforce Planning Planning Tools Hiring Software HR Software 98

Vantage Circle

DECEMBER 19, 2023

Companies with data-driven PeopleOps teams use a range of metrics to gauge their success in retaining their workforce. This article explores these employee retention metrics. We’ll look at key metrics to track, as well as calculations, best practices, case studies, and more. What are Employee Retention Metrics?

Metrics 105

Metrics Hiring Software Retention and Turnover Assessment Software 105

ClearCompany HRM

JANUARY 31, 2023

According to Talent Board’s 2022 North American Candidate Experience (CandE) Benchmark Research Report, resentment among new hires increased, meaning that they had more negative experiences last year than they did in 2021. You can compare these turnover metrics with new hire turnover to see if there’s an overlap.

Onboarding Software 409

Onboarding Software ClearCompany Onboarding Hiring Software 409

AIHR

FEBRUARY 6, 2025

It outlines all the financial and employer-paid benefits an employee receives, including bonuses, incentives, retirement contributions, health insurance, paid time off , and other perks like wellness programs or tuition reimbursement. market benchmarks, performance metrics ). 50% match on the next 2% of contributions.

Compensation 93

Compensation Bonuses and Incentives Wage and Hour Training Planning Tools 93

Visier

JANUARY 21, 2016

Many that have graduated from metrics to analytics use it very simplistically, often to respond to one-off data requests such as “how many employees were hired last month?” For example, an organization that is at the Reactive level can answer basic questions like, “ How many people retired last year? ” Level 2: Standardized.

Hiring Software 120

Hiring Software Planning Tools HR Software Recruiting Software 120

Visier

NOVEMBER 12, 2015

As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them. Here are a few demographic metrics you should be monitoring: 1. Metric to watch: Diversity of interviewed candidates. Metrics to watch : Ethnic diversity by hiring stage / Female diversity by hiring stage.

Diversity 150

Diversity Hiring Software HR Software Recruiting Software 150

Visier

SEPTEMBER 26, 2018

These measures include laws that prohibit employers from asking about previous salaries, employer reporting on a number of equality metrics and requiring some form of pay transparency. A wage gap also increases the likelihood that women will be living in poverty, both during their work years and in retirement.

Sexual Harassment 188

Sexual Harassment Visier Harassment Hiring Software 188

Bayzat

OCTOBER 31, 2024

Base Salary and Market Benchmarking The foundation of any compensation package is the base salary. To determine appropriate salary levels, organizations should engage in regular market benchmarking exercises. Market benchmarking involves comparing your organization’s salary ranges with those of competitors and industry standards.

Compensation 52

Compensation Talent Experience 10KC Bonuses and Incentives 52

AIHR

OCTOBER 17, 2024

The template is usually divided into various sections or tabs, including financial (or direct) compensation, benefits, retirement planning, and other benefits (e.g., Retirement planning: This part of the template covers things like the employee’s 401(k) plan, pension, profit-sharing plans, and stock options (if applicable).

Compensation 52

Compensation Bonuses and Incentives Employer Branding Retirement 52

DecisionWise

AUGUST 18, 2023

We actually create benchmarks so you can compare to other organizations. I’ll actually talk about our best-in-class benchmark today. That’s how we actually know that Joy, Tim, and Tina’s organizations are within those best-in-class benchmarks. And so, let me first talk about our best-in-class benchmark.

Employee Engagement 246

Employee Engagement Decisionwise Benchmarking Hiring Software 246

Empuls

NOVEMBER 15, 2024

Options may include health and wellness programs, retirement plans, or lifestyle benefits like gym memberships and childcare support.  Analyze metrics such as participation rates, employee satisfaction, and retention rates to evaluate the program’s impact.

Hiring Software 52

Hiring Software Planning Tools Assessment Software Recruiting Software 52

China Gorman

SEPTEMBER 23, 2014

As of now, only 50% of HR departments state that they use quantifiable metrics and benchmarking in workforce development and only 47% say they know how to extract meaningful insights from the data available to them. employees is competitive compensation (84%) followed by retirement plans (75%), and vacation time (62%).

HR Software 160

HR Software Recruiting Software Planning Tools Compliance Training 160

Vantage Circle

JUNE 5, 2024

They include health insurance, paid time off, retirement plans, etc. Implement systems that help you track the utilization metrics for each perk in terms of enrollment, participation, usage rates, etc. Make sure to use tools to benchmark your perks against the perks offered by competitors to ensure competitiveness.

Company 59

Company Staffing Software Workday Planning Tools 59

Hire Road

NOVEMBER 25, 2024

A competitive compensation analysis is your tool for unlocking actionable insights to benchmark your pay rates and create a compensation package that stands out. A competitive compensation analysis involves evaluating your organizations pay and benefits packages against industry benchmarks. What Is Competitive Compensation Analysis?

Analysis 84

Analysis Compensation Hiring Software Assessment Software 84

AIHR

OCTOBER 24, 2024

Employee attrition : Often used interchangeably with turnover , employee attrition is a gradual reduction in staff, usually through natural causes like retirements or resignations, without actively replacing those employees. Benchmarking data can give you an indication of whether you are underpaying or overpaying your people.

Retention and Turnover 98

Retention and Turnover Hiring Software Interview Software How To 98

Kazoo

OCTOBER 25, 2018

As Baby Boomers retire, the need to shape younger workers to fill available management roles grows stronger. Key Metrics. Depending on the needs of your business, as well as the industry, these metrics can vary, but they should all focus on the happiness and engagement of your workforce. Measurement Methodology.

Hiring Software 113

Hiring Software Data Compliance Training Training 113

HRExecutive

FEBRUARY 13, 2024

But in order to be actionable for organizations, benchmarking data—whether about turnover or anything else—needs to be interpreted as part of a broader ecosystem. Find the organizations that most closely match your own to ensure that you are comparing “apples-to-apples” as much as possible in your benchmarking.

Data 119

Data Retention and Turnover Hiring Software Human Capital Management 119

Flimp Communications

FEBRUARY 4, 2025

Preparing for the Future: Key Actions for HR Leaders As we look toward the future of total rewards, several key actions can help organizations stay ahead of these trends: Conduct Regular Assessments: Regularly evaluate your total rewards program against industry benchmarks and employee feedback.

HR Software 52

HR Software Assessment Software Planning Tools Trends 52

AIHR

DECEMBER 22, 2023

It includes health insurance, retirement schemes, vacation days, bonuses, equity shares, and additional benefits such as flexible work schedules or educational stipends. Retirement savings: Contributions to retirement plans such as the 401(k) plan in the US, are a key factor in long-term financial security for employees.

Compensation 111

Compensation Bonuses and Incentives HR Software Hiring Software 111

Decusoft

APRIL 23, 2021

When designing a robust executive compensation plan , there are hundreds of factors to analyze and various success metrics to weigh. A robust compensation structure may be the difference between a company’s long-term growth and a series of disappointments and below benchmark performance. Other retirement plans.

Planning Tools 98

Planning Tools Recruiting Software Interview Software Compensation 98

Kazoo

OCTOBER 25, 2018

As Baby Boomers retire, the need to shape younger workers to fill available management roles grows stronger. Key Metrics. Depending on the needs of your business, as well as the industry, these metrics can vary, but they should all focus on the happiness and engagement of your workforce. Measurement Methodology.

Hiring Software 100

Hiring Software Data Compliance Training Training 100

AIHR

FEBRUARY 1, 2024

When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages. Indirect financial benefits include equity packages, stock options, health benefits, life insurance, pension plans, and retirement funds. Comp Analyst by Salary.com Comp Analyst is strong on data analytics.

Planning Tools 111

Planning Tools HR Software Compensation Hiring Software 111

Decusoft

APRIL 1, 2021

The amount of merit increase an employee receives should be based on metrics set by the organization and be in line with market rates for incentives. To create a competitive compensation strategy benchmark positions in your organization with similar positions in your competitors’ organizations. Other retirement plans.

Compensation 98

Compensation Bonuses and Incentives Strategy HR Planning 98

ConnecTeam

JANUARY 11, 2017

There are so many different metrics and acronyms, you’re forgiven if you don’t recognize this one. NPS may be the one metric you’ve never heard of that meets the speed and flexibility of the modern workforce. eNPS allows you to easily benchmark engagement across different segments, over time, and relative to competitors.

Metrics 53

Metrics Recruiting Software HR Software Kronos 53