Chief Executive

MARCH 9, 2023

Your intimate knowledge of the business you run is your greatest asset. And their knowledge of the industries they cover can give you useful operational benchmarks against which to measure (and tweak) your own performance. Think like a buyer. Investment bankers are trained to think precisely as a buyer would.

Revenue 97

Revenue Sales Sales Staffing 97

AIHR

APRIL 26, 2022

HR teams take on more responsibility and projects every year to take care of the organization’s most valuable asset: People. Move compensation to 70% of the industry benchmark. They frequently face the challenge of having too many projects at the same time and trying to do everything at once. Key Results. Talent Acquisition.

KPI 145

KPI Human Resources Employee Relations Retention 145

AIHR

SEPTEMBER 29, 2021

Finding the right balance can be challenging, so many organizations participate in and/or purchase compensation benchmark surveys for their specific industry. Leadership should consider their assets, equity, and liabilities before deciding and designing the organization’s compensation philosophy. Peer group comparisons.

Compensation 109

Compensation Compliance Benefits Benchmarking 109

AIHR

OCTOBER 5, 2023

Detailing budgets, timelines, and resource allocations enables efficient management of these assets. Address data migration and management Data is a critical asset in HR. Establish measurable key performance indicators (KPIs) and benchmarks to track progress.

ROI 116

ROI Implementation Change Management KPI 116

15Five

JANUARY 18, 2024

I feel like we’re constantly losing people”) into hard facts you can compare to industry benchmarks (e.g. Performance management platforms like 15Five are an essential asset for your employee retention strategy. It turns feelings and impressions (e.g. “I Our turnover rate is twice the industry average.”).

Retention 98

Retention Performance Management Onboarding Compensation 98

AIHR

JANUARY 15, 2025

However, without a clear, strategic path forward, organizations risk navigating blindly and losing their greatest asset: their people. The purpose of an HR maturity model is to offer a benchmark for organizations to evaluate their HR functions effectiveness and alignment with business objectives.

Compliance 52

Compliance Benchmarking Employee Engagement Retention 52

AIHR

MAY 7, 2025

How to build it: Regularly read industry reports and conduct competitor benchmarking. How to apply it: Accurately process payroll, administer health insurance plans, and conduct regular salary benchmarking to ensure your pay scales remain competitive. It can help shape your talent acquisition and compensation strategies.

Onboarding 87

Onboarding Compliance Human Resource Information Systems (HRIS) Recruitment 87

AIHR

JANUARY 25, 2022

This is also known as salary benchmarking. of the employer’s expenses while also being your greatest asset. Developing a strategic compensation plan is complex, but it shouldn’t be overwhelming. HR will start on the right foot by researching and analyzing salaries and compensation in the same industry for similar jobs.

Compensation 126

Compensation Benefits Human Resources Retention 126

Vantage Circle

JANUARY 10, 2024

Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmark Against Industry Standards Research industry-specific benchmarks to see how your organization compares to others in your field. Benchmarking against industry standards. Analyzing historical data.

Metrics 59

Metrics Retention Benchmarking Implementation 59

15Five

MAY 19, 2023

You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. According to Gartner’s 2023 HR Budget and Efficiency Benchmarks report, HR functions spend an average of $2,524 per employee annually. Why do HR leaders still have to fight for a seat at the table?

Metrics 105

Metrics Retention Recruitment Revenue 105

15Five

JUNE 1, 2017

Identify benchmarks and targets. Leaders who view their employees as mere cogs or assets will soon see productivity decline. In line with the philosophy of “what gets measured gets managed”, here are some of the eleven pieces of practical management advice for fostering and measuring workplace productivity: 1.

Metrics 94

Metrics Engineering Energy Benchmarking 94

Vantage Circle

JUNE 7, 2024

With customizable pulse surveys, robust analytics, and seamless integration, Vantage Pulse is a valuable asset for enhancing employee engagement. Vantage Pulse Visit Website Vantage Pulse is a powerful employee survey tool that helps organizations measure and improve workplace culture and retention.

Benchmarking 52

Benchmarking SaaS Employee Engagement Onboarding 52

AIHR

MARCH 1, 2022

If an organization’s most valuable asset is its people, then a High Potential (HiPo) is exceptionally valuable. To understand if they are paid below the market, you can conduct a compensation analysis , compare the results internally and use external benchmarks as well.

Succession Planning 116

Succession Planning Metrics Talent Development Operations 116

Asana

JUNE 15, 2022

” Department heads whose personalities lean toward humility or empathy—and if not, those who can act with humility and empathy—are better assets for information-sharing across the company, enabling it to do more with less.

Benchmarking 64

Benchmarking Onboarding Assets Manager 64

AIHR

OCTOBER 20, 2023

This report serves as the foundation for effective workforce planning and helps you make informed decisions about your organization’s most valuable asset – its employees. This report delves into the organization’s compensation structures and benchmarks them against market standards.

Recruitment 96

Recruitment Metrics Compensation Inclusion 96

AIHR

JANUARY 31, 2019

By aggregating all relevant HR data, both from internal systems and external big data benchmarks, into key metrics, people analytics provides rich historical trending that can project into the future and provide top-level and granular projections of where an organization is heading.

Human Resource Information Systems (HRIS) 49

Human Resource Information Systems (HRIS) Human Resources Metrics Benchmarking 49

AIHR

AUGUST 9, 2023

Let’s explore how HR supports and nurtures an organization’s most critical asset – its workforce. HR professionals conduct salary benchmarking, set pay ranges, manage payrolls, and designs benefit plans. Contents What is HR? What is Human Resources Management (HRM)?

Human Resources 98

Human Resources Compliance Employee Engagement Recruitment 98

AIHR

JUNE 26, 2023

Capabilities encompass a broader set of attributes and resources, combining knowledge, skills, experience, resources, and strategic assets that enable effective performance and achievement of goals. They are tangible and measurable, enabling a person to perform tasks or activities effectively.

Software 98

Software Engineering Project Management Onboarding 98

Vantage Circle

DECEMBER 12, 2022

Happy and well-trained employees are always an asset to the organization. Regularly accessing your employees' salaries ensures that your salaries are competitive and live up to the benchmarks against the industry average. This theory gives us a good foundation to formulate the optimal plan to meet your employees' needs.

Employee Engagement 98

Employee Engagement Benefits Benchmarking Performance Review 98

AIHR

SEPTEMBER 28, 2020

Compared to answers on open-ended questions, answers to multiple-choice questions take less time to give for employees and require less effort for analysts to analyze and benchmark. In the end, employees represent the greatest costs and greatest assets in most companies. On a finale note.

Scaling 105

Scaling Benchmarking Implementation Assets 105

Vantage Circle

MARCH 19, 2025

By the end, you'll have the tools to make workplace culture not just a concept but a measurable and manageable asset. Best Use Case: Employ these platforms to track cultural trends and compare benchmarks against industry standards. Cons: Costly: Can be expensive for smaller organizations.

Metrics 59

Metrics Implementation Inclusion Retention 59

15Five

MARCH 2, 2017

For example, his benchmark for a subscription business is globally under 5% churn monthly and less than 2% annual churn rate for the most loyal cohorts. When you go to events and meet people, you are not acquiring assets. “If you can do that, you can really pour on the growth. 2) Screen for Passion/Culture Fit First. .

Software 56

Software B2B Retention Benchmarking 56

AlignOrg

AUGUST 2, 2022

Resource allocation is primarily about how to utilize people, funding, and physical assets. Benchmarks help determine whether infrastructure costs (e.g., Get a handle on these, then the leadership team can make the tough calls, align themselves, and communicate broadly about the where and why. We Need Hierarchy to Allocate Resources.

Manager 52

Manager Inclusion Benchmarking Compliance 52

Zenefits

JULY 24, 2022

The role of human resources is to ensure that an organization’s most valuable asset — its people — are well managed to support the company’s strategy. By carefully monitoring salaries, bonuses, and other benefits, you can avoid overspending on your most valuable asset. Conduct a market analysis to benchmark salaries.

Compensation 52

Compensation Benefits Administration Onboarding 52

AIHR

NOVEMBER 28, 2022

Metrics: Time spent on jobs, deployment of assets within deadlines. Start with acceptable performance: You can’t show an employee where they are going wrong unless you have a benchmark to work with. Check-ins: Fridays at 10 am to review the week’s deadlines. Example 3: Poor team performance. Be specific and detailed.

Metrics 126

Metrics Implementation Sales Sales 126

AIHR

OCTOBER 27, 2023

Their salary benchmarks are set at the 50th percentile of San Francisco market data. These rates are set by analyzing market pay rates and using external benchmarking. This structured, straightforward approach aims to minimize bias in compensation decisions and address the gender wage gap.

Compensation 116

Compensation Benefits Insurance Metrics 116

Zenefits

JUNE 29, 2022

Insurance is often renewed annually, and coverage changes year-to-year depending on the market and insurance company benchmarks. For that reason, many business owners look to insurance coverage in case they ever need to fund expensive defense costs. Business size. Types of risk exposure. Likelihood of certain risks. Prior claims.

Small Business 52

Small Business Insurance Compensation Onboarding 52

Vantage Circle

JANUARY 31, 2022

Employees are an asset that you can use to gauge and improve the employee experience. Employees feel like they are an essential asset to the company. You need to collect data to understand your efforts, weak areas, and a benchmark for the future. Appreciating employees’ efforts will boost their confidence.

Employee Engagement 98

Employee Engagement Benefits Onboarding Diversity 98

AIHR

APRIL 10, 2024

Candidates with a thorough knowledge of global labor laws and those who have had exposure to multicultural talent management are highly sought-after assets for multinational companies in the globalized business world. This, in turn, can translate into advancement opportunities and increased earning potential within the global HR field.

Human Resources 59

Human Resources Compensation Education Operations 59

15Five

MARCH 14, 2023

Adam: That elevation from administrative to strategic and being this critical asset has both… It is happening. Even that the role of an HR leader could have the aspirations of being a CEO and really being a strategic asset to the business. My last question I want to ask, I’ve been struck by this stat that I saw this week.

Benefits 98

Benefits Manager Assets Banking 98

AIHR

JULY 14, 2021

Because data is such an asset to organizations, HR professionals must be data literate to glean the meaningful information from this data that they can use for strategic decision-making. They benchmarked their employee turnover to other banks, discovering that they had an above-average turnover in some key roles.

Banking 59

Banking Metrics Digital Transformation Operations 59

Walk Me

NOVEMBER 28, 2023

A tool to measure organizational performance to get a user’s historical progress benchmarks them against their colleagues and recommends tailored learning routes for skill enhancement. Track essential metrics and benchmarks to evaluate the LMS’s influence on training aims, ensuring you derive the utmost benefit from your LMS.

Implementation 52

Implementation Rollout Education User Experience 52

Get Lighthouse

DECEMBER 2, 2022

8 weeks before training, they provide books and executive summaries for managers to read, and conduct assessments to benchmark where managers are at currently. We may be a manufacturing company, but people are our greatest asset and we need to propel those people forward. ".

Manager 52

Manager Scaling Benchmarking Assets 52

Vantage Circle

FEBRUARY 1, 2021

KPIs, being widely used by corporates everywhere, are also great for setting an industry-standard benchmark. Answer: Operating Expenses Ratio, Net Profit Margin Percentage, Return on Assets, P/E Ratio, Return on Equity, Sales Target, etc. It will help you understand the effects of a change pre-implementation and post-implementation.

KPI 52

KPI Sales Sales Metrics 52

Harvard Business Review

DECEMBER 8, 2015

Each performance metric can be tracked not only against Privia benchmarks but nationally across the athenahealth provider network. How well is front desk staff capturing insurance information? Are medical assistants following protocols around specific quality measures?

Assets 13

Assets Workflows Administration Insurance 13

Harvard Business Review

APRIL 1, 2016

Companies do need assets like computers, servers, networks, and software, but those purchases are just the start. And how can companies benchmark themselves against competitors? We looked at 27 indicators that fall into three broad categories: digital assets, digital usage, and digital workers. First, digital assets.

Assets 15

Assets Benchmarking Software Media 15

Harvard Business Review

AUGUST 10, 2018

Mainstream software companies are beginning to hold “ data mirrors ” up to their customers, allowing scoring and benchmarking of their customers’ strategies. One of its business units, Fieldglass, provides insights and benchmarks to customers on external workforce management.

Benchmarking 8

Benchmarking Software B2B Accounts Payable 8