Andrew Chen

JULY 25, 2022

To provide some benchmarks, my colleagues at a16z, Justin Kahl and David George, recently wrote an article on navigating the downturn where they collected some empirical data: As you can see, the bar for what constitutes a good burn multiple goes up as revenue goes up. Focus on accountable spend, and reduce ones have a long/fluffy payback?

ROI 85

ROI Revenue Metrics Marketing 85

AIHR

DECEMBER 15, 2023

Multinational fast food restaurant chain McDonald’s offers L&D benefits to attract and retain workers in an industry plagued by a labor shortage. Some example metrics include, for instance, training ROI , training cost per employee, training experience net promoter score, and assessment scores and pass rates.

ROI 98

ROI Education Revenue Metrics 98

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

AIHR

AUGUST 15, 2024

Let’s look at the benefits of the HRBusiness Partner model when implemented correctly, unpack the seven most common reasons why HRBP models fail, and what steps you can take to fix yours. Your business case should include potential ROI, improved operational efficiency, and better talent management.

Operations 98

Operations Implementation Digital Transformation Administration 98

AIHR

DECEMBER 5, 2024

Benefits satisfaction Satisfaction with different types of employee benefits is usually measured through an engagement survey but can also be gauged in stay interviews. To calculate training ROI, subtract the total cost of the training from the net benefits gained, then divide that result by the total training cost.

KPI 98

KPI Metrics Recruitment Employee Engagement 98

15Five

AUGUST 25, 2023

The day consisted of a strategic lineup of expert-led sessions on topics ranging from maximizing the ROI of HR, to igniting DEI with collective wisdom, to making space for rest and recovery. This includes articulating the rationale behind shifts in strategy, to help team members comprehend the purpose and benefits of new approaches.

ROI 52

ROI Inclusion Diversity Strategic Planning 52

Vantage Circle

DECEMBER 19, 2023

Metrics also help quantify such efforts' return on investment (ROI). However, benchmarks for average employee tenure vary drastically between industries. Comparing the cost of employee turnover before and after implementing an ATS will quantify its ROI in this regard. years in 2022. For women, the median tenure was 3.8

Metrics 99

Metrics Retention Human Resource Information Systems (HRIS) Employee Engagement 99

Walk Me

OCTOBER 25, 2021

In this post, we’ll look at the benefits of HR process automation, how it works, and how to get started. This offers several benefits to HR as we will see in the next section. One of the biggest benefits to using automation software is profit. Creating metrics, benchmarks, and KPIs. What Is HR Process Automation?

Workflows 52

Workflows Software Change Management Metrics 52

AIHR

FEBRUARY 19, 2024

Making the HR function more data-informed has numerous benefits not only for the HR operations but also for the organization. This allows HR to justify investments in employee development and retention strategies by demonstrating potential cost savings and ROI. Why are HR metrics important? law and consultancy firms).

Metrics 105

Metrics Recruitment Revenue Human Resources 105

Vantage Circle

MAY 20, 2024

Employee Feedback: These platforms provide software that offers Surveys, Anonymous Feedback, Actionable Insights, eNPS score, Benchmarking, Track Engagement, Negative Feedback Management, 360-degree Feedback, and Heatmaps. Overcoming this resistance requires effective communication, training, and emphasizing the benefits.

Employee Engagement 94

Employee Engagement Software Media ROI 94

Walk Me

SEPTEMBER 7, 2023

What are the benefits of organizational design? Being aware of the goal of organizational design will help your organization work toward the ideal outcome in a focused way to avoid waste and hit your ROI. What are the benefits of organizational design? Offer competitive compensation and attractive benefits.

Operations 52

Operations ROI Benefits Metrics 52

AIHR

JULY 17, 2023

But successfully establishing diversity, equity and inclusion in the workplace also has many business benefits, which is why DEI initiatives are now included in many organization’s business strategies. According to McKinsey , companies with the most diverse executive teams are more likely to outperform peers on profitability by 36%.

Implementation 98

Implementation Diversity Inclusion Recruitment 98

Walk Me

JUNE 20, 2023

What are the benefits of smart goals in 2023? Doing so means setting benchmarks that can be measured, making it easier to track your progress and determine when you have achieved your objective. To improve the effectiveness of this SMART goal, consider adding measurable benchmarks. What are the benefits of smart goals in 2023?

Digital Transformation 52

Digital Transformation Benchmarking Change Management Implementation 52

BetterUp

SEPTEMBER 7, 2022

Your team can seamlessly provision BetterUp coaching to employees at the moments they can benefit from it most, all determined by changes in their status in Workday. Now more than ever, HR teams want to be more data-driven and show the clear ROI of programs. BetterUp's proprietary algorithm works in harmony with Workday.

Scaling 52

Scaling Account Management Metrics ROI 52

15Five

FEBRUARY 12, 2019

For an excellent explanation of ELTV, read How to Understand the ROI of Investing in People: Using Employee Lifetime Value to Articulate the Business Impact of Your People Team. So why don’t more businesses track the value of their employees? One of the tools I often share is the concept of ELTV or Employee Lifetime Value.

Performance Management 103

Performance Management Manager Software Revenue 103

AIHR

DECEMBER 8, 2023

In this guide, we’ll explore what strategic workforce planning is, how it can benefit your organization, and the best strategic workforce planning tools and framework to help you get started with planning your workforce. To conduct a simple analysis, set an internal pay benchmark and group people into categories of overpaid and underpaid.

Revenue 98

Revenue Benefits Marketing Manager 98

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. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

Human Resources 78

Human Resources Recruitment Compensation Onboarding 78

Walk Me

OCTOBER 11, 2022

Software managers can add and monitor specific goals and record the employee’s benchmarks to show their progress. Benefits administration. Benefits management tools also allow companies to compare benefits easily with other organizations on a unified platform. What Are The Benefits Of HCM Software?

Software 52

Software Manager Workflows Digital Transformation 52

Vantage Circle

JUNE 18, 2021

Providing a reliable benchmark to measure performance and make necessary changes. Before taking on any task, we must be aware of its benefits. One of the many reasons is to gauge the ROI or return on investment. You need to understand the importance and the benefits of the program. Set realistic and achievable goals.

Performance Management 52

Performance Management ROI Benchmarking Performance Review 52

15Five

MARCH 14, 2023

So spending most of my career in a center of excellence, in compensation and benefits, by itself, it is not a powerful tool. And I think it’s a business value that has a real ROI to it. It’s a real unlock for leaders, and I think it has benefits on both sides. It’s how it connects into everything else.

Benefits 98

Benefits Manager Banking Assets 98

Walk Me

SEPTEMBER 14, 2023

What are the benefits of a communication strategy template? A communication strategy template is a quick-start guide to successful ways to get your message out quickly and effectively so you make a quick ROI, and everyone sings from the same song sheet. What are the benefits of a communication strategy template?

Change Management 52

Change Management Media ROI Diversity 52

AIHR

NOVEMBER 1, 2024

An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices. By minimizing turnover, they reduce the costs associated with recruiting, onboarding, and training, creating both a financial and cultural benefit that keeps them competitive in the long run.

Human Resources 98

Human Resources Compensation Performance Management Employee Engagement 98

AIHR

MARCH 1, 2024

This isn’t used to improve recruitment return on investment (ROI), although a positive candidate experience will also have a positive knock-on effect on that metric. This metric provides a quantifiable, benchmarkable figure that can be tracked over time to assess the impact of changes made to the recruitment process.

Recruitment 64

Recruitment Scaling Metrics Benchmarking 64

Vantage Circle

FEBRUARY 1, 2021

KPIs, being widely used by corporates everywhere, are also great for setting an industry-standard benchmark. It gives that extra push to make a compelling case for the benefits of working for a company. So, you must offer a great package with a competitive benefits package. This aids in better planning for the long term.

KPI 52

KPI Sales Sales Revenue 52

Vantage Circle

JUNE 5, 2024

However, it has become apparent that many people tend to confuse perks with benefits. People often use the terms “benefits” and “perks” interchangeably, blurring their differences. Benefits mainly cover the basics of a standard employee package. However, differences do exist between the two.

Implementation 59

Implementation Benefits Employee Engagement Scaling 59

AIHR

OCTOBER 1, 2024

Tracking this metric helps companies ensure that new hires contribute quickly, improving overall ROI. Tracking this metric can highlight areas where improvements are needed, such as communication, benefits, or work environment, which ultimately enhances retention and engagement. You can calculate it based on output per hour worked.

Metrics 52

Metrics Manager Staffing Revenue 52

Vantage Circle

OCTOBER 4, 2021

Benchmarking. It brings together recognition, rewards, benefits, employee feedback, OKRs, and communication, all in one place, motivating employees to work in alignment with company values. Benchmarking. The platform comes with a wide range of perks and benefits. Dashboard and Analytics. Customization. Integrations.

Employee Engagement 52

Employee Engagement Software Benchmarking Manager 52

Vantage Circle

MAY 20, 2024

Employee Feedback: These platforms provide software that offers Surveys, Anonymous Feedback, Actionable Insights, eNPS score, Benchmarking, Track Engagement, Negative Feedback Management, 360-degree Feedback, and Heatmaps. Overcoming this resistance requires effective communication, training, and emphasizing the benefits.

Employee Engagement 52

Employee Engagement Software Media ROI 52

AIHR

AUGUST 22, 2024

HR leaders need to implement a robust HR technology strategy to reap its benefits. Employees and managers are more likely to embrace new tools when they understand their benefits and know how to use them effectively, leading to a more seamless integration into daily operations. Let’s take a look at how to do this.

Compliance 52

Compliance Implementation User Experience Performance Management 52

AIHR

NOVEMBER 22, 2024

These metrics can also be used to benchmark against other companies. Human capital ROI The human capital ROI is a performance metric that assesses the value of human capital (i.e., This approach is popularized by Jac Fitz-enz in his book The ROI of Human Capital. knowledge, habits, and social and personal attributes).

Metrics 98

Metrics Revenue Sales Sales 98

Vantage Circle

DECEMBER 29, 2024

Recently, I was reading Amazon’s sustainability report , which highlighted that they were investing nearly $10 billion into employee benefits in 2023. Similarly, a study by ManpowerGroup shows that Millennials prioritize learning over other benefits in a job. This disengagement costs the global economy a staggering $8.9

Employee Engagement 59

Employee Engagement Software Revenue Banking 59

Get Lighthouse

FEBRUARY 9, 2023

We can often give people the benefit of the doubt based on a variety of non-verbal cues and clues like a smile, the inflection of their voice, or their general posture. By doing so, you'll help everyone give each other the benefit of the doubt, and avoid little things like tea towels becoming a bigger deal than they should be.

Onboarding 137

Onboarding Manager Team Management Benefits 137