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Salary Benchmarking Guide: How To Pay Your Employees Fairly

AIHR

Salary benchmarking is a powerful tool for building a stable, motivated workforce and decreasing turnover costs. Contents What is salary benchmarking? Why is salary benchmarking important? How to benchmark salaries Best salary benchmarking tools and free calculators What is salary benchmarking?

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15 Employee Retention Metrics for HR To Track

Vantage Circle

However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking? Key Takeaways What are Employee Retention Metrics? Importance of Retention Metrics.

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OKRs vs. KPIs: The Key Differences & Use (With Examples) 

AIHR

Continuous improvement: KPIs serve as benchmarks for your performance. These benchmarks help you evaluate and refine your HR strategies and processes to improve your effectiveness over time. Developing Diversity, Inclusion, Equity and Belonging Use OKRs to improve Diversity and Inclusion in the workplace.

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The 10 Best Employee Survey Tools for 2024

Vantage Circle

Exit Interviews: Understand why employees are leaving and identify areas to improve retention. Boosting Retention : Regular surveys can point out underlying issues that contribute to employee dissatisfaction and turnover before good talent leaves.

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11 Important Employee Relations Metrics To Track

AIHR

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. By focusing on HR metrics that matter, like employee feedback , grievance resolution rates, and retention rates, you can refine its approach to build a more supportive and inclusive work environment.

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19 Culture Metrics To Track When Measuring Company Culture (in 2024)

AIHR

For example, employee surveys, retention rates, feedback on work-life balance, and measures of collaboration are all indicators of an organization’s cultural health. Equitable opportunities: DEI metrics identify demographic disparities in hiring, compensation, promotion, and retention.

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Free Employee Engagement Survey Template and Ultimate Guide 

AIHR

Watch out for lower engagement scores and use them as early warning signals that it’s time to implement proactive interventions and retention strategies. Benchmarking capabilities: Survey templates support internal benchmarking, letting you track employee engagement levels over time and gain insights into the impact of cultural shifts.