Chief Outsiders

MAY 24, 2022

As a result of the “go-go” market conditions, a new benchmark has been established: If your company can't show a minimum Compound Annual Growth Rate of 10 percent, you are putting yourself and your company at risk.

Benchmarking 97

Benchmarking Revenue Marketing 97

Harvard Business Review

OCTOBER 31, 2024

State uncertainty occurs when managers lack sufficient information to predict market trends and changes. This uncertainty is compounded by the fact that current tests focus on narrow benchmarks that lack real-world relevance. Effect uncertainty describes the difficulty managers have in predicting AI’s impact on business.

Manager 143

Manager Benchmarking Scaling Change Management 143

Andrew Chen

JANUARY 9, 2020

A really detailed 68 page analysis of the podcast market. Magic metrics indicating a startup probably has product/market fit. 5) market-by-market (or logo-by-logo, if SaaS) comparison where denser/older networks have higher engagement over time (network effects). Lots of benchmarking. It’s super fun.

Marketing 110

Marketing Retention B2B Scaling 110

Help Scout Leadership

MAY 14, 2021

Reports : Visualize and benchmark customer support performance and identify areas for improvement. Measuring and benchmarking great support. The internal benchmarks of success we like to maintain are keeping our happiness score above 90 and our response time to under an hour. Before Help Scout, Brain.fm Using reports, Brain.fm

Benchmarking 111

Benchmarking Metrics Workflows Operations 111

Association Now Workplace

DECEMBER 5, 2022

One of the biggest issues many associations face is attracting younger members, something that 24 percent of organizations report as a challenge, according to the latest edition of Marketing General’s Membership Marketing Benchmarking Report [registration required].

Benchmarking 115

Benchmarking Onboarding Marketing Benefits 115

AIHR

JUNE 15, 2021

where the actual rate of pay can be an individual, a group, or an entire workforce, and the reference point of pay is: the midpoint of a defined salary range, the average market rate or market midpoint, or. Companies define a pay policy relative to the current market rate. Anything over the 50th percentile is leading the market.

Compensation 111

Compensation Marketing Metrics Benchmarking 111

AIHR

AUGUST 23, 2022

The ongoing mass resignation and skill shortages flipped the situation from employer-dominated labor conditions to a candidate-driven job market. Benchmark against industry standards and your own results. You can compare your candidate NPS score to industry benchmarks. Let’s break it down. Act on the results.

Recruitment 124

Recruitment Benchmarking Metrics Scaling 124

Peter Winick

MARCH 7, 2024

If you need a strategy to bring your thought leadership to market, Thought Leadership Leverage can assist you! In addition, we can help you implement marketing, research, and sales. Is it a marketing function? They know how they benchmarked all the jobs. Some businesses it sits within marketing. We all win.

Marketing 289

Marketing Diversity Metrics Benchmarking 289

AIHR

MARCH 11, 2024

Research by FTSE Russell analyzed 25 years of market data of the annual returns of publicly traded companies featured on the ‘100 Best’ lists versus the rest. The 100 Best Companies beat the market by a factor of 3.36 – that is a lead of more than triple. Determine how you will benchmark your results.

Benchmarking 111

Benchmarking Compensation Scaling Software 111

AIHR

MAY 13, 2024

Adaptability: OKRs allow your HR teams to adapt quickly to changing business needs and market conditions. 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.

KPI 119

KPI Metrics Benchmarking Employee Engagement 119

AIHR

FEBRUARY 1, 2024

Conducting market research It’s essential to stay up-to-date on salary trends and benefits offerings in your relevant industry and geographic area (which may extend worldwide if your company sources its hires globally). When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages.

Compensation 111

Compensation Manager Benefits Benchmarking 111

AIHR

AUGUST 16, 2022

From here, you can create an ideal candidate profile and use it as a benchmark for new candidates. Comparing your data with industry benchmarks can also help reveal what needs improving. You can check out SHRM talent acquisition data or Gem’s Recruiting Benchmarks to get an idea of the industry benchmarks.

Recruitment 130

Recruitment Metrics Benchmarking Software 130

AIHR

JUNE 22, 2022

In the competitive candidate market, organizations need to get their compensation strategy right. The compensation analyst will research current market practices, measure the effectiveness of existing plans, and evaluate current and future opportunities. Let’s explore the role of a compensation analyst and how you can become one.

Compensation 98

Compensation Benefits Administration Human Resources 98

15Five

APRIL 21, 2022

Using compensation data to establish fair and equitable pay practices is essential in today’s competitive talent market. At 15Five, we recently reimagined our compensation strategy, philosophy, and program to ensure market competitiveness to attract, motivate, and retain employees. Hear our latest conversation on compensation.

Compensation 105

Compensation Insurance Benchmarking Marketing 105

Chief Executive

JULY 27, 2022

Questions need to be asked in order to benchmark potential purchasing decisions. Consumers may become loyal to a brand when they see value in it, and this can discourage other companies from entering the market, protecting the brand’s own market share. The three main ones are: • Should we even make price increases? •

Benchmarking 98

Benchmarking Implementation Government Marketing 98

AIHR

JANUARY 17, 2023

Benchmark data will help with this. A good or bad new hire fail rate will depend on your industry and the job market, but anything over 30% suggests a cause for concern. Your OHI score indicates your overall performance and organizational health compared to a global benchmark. Absenteeism rate. Organizational Health Index.

Metrics 144

Metrics Benchmarking Compensation Employee Engagement 144

Mark Sandborn

FEBRUARY 10, 2024

Financial Health and Sustainability Sound financial management, diversification of revenue streams, and long-term financial planning are vital in weathering financial crises and market fluctuations. In a crowded market place, extraordinary products stand out. Ordinary products languish.

Operations 92

Operations Human Resources Benchmarking Sales 92

Andrew Chen

JULY 10, 2018

One important label is the new “market network” concept. James Currier (of NFX) pens one of the classics of the last few years, defining the term “Market Network” – multiple participants, SaaS tools, with transactions at the center. Key differences: 1) Market networks target more complex services.

Metrics 110

Metrics eCommerce Retention User Experience 110

AIHR

OCTOBER 12, 2022

Finding the right mix of pay, benefits, and other incentives is essential to attracting and retaining top performers, especially in a tight labor market. Pay plans are structured with pre-determined performance targets appraised within a certain period and paid out if benchmarks are met. Take company culture into account.

Compensation 130

Compensation Benefits Metrics Implementation 130

AIHR

JUNE 13, 2023

Compensation structures establish clear goals, determine the right mix of fixed and variable pay , and create benchmarks that motivate salespeople to achieve targets and contribute to business growth. Determining suitable compensation can be complex due to market conditions, product complexity, customer preferences, and sales cycles.

Compensation 105

Compensation Sales Sales Metrics 105

AIHR

APRIL 3, 2023

Market-based structure A market-based salary structure aims to match the pay rates of other companies or competitors in the industry. However, market-based salary structures can lead to higher labor costs and may discourage internal promotions and growth. Respond promptly and take appropriate action to address the issue.

Compensation 130

Compensation Job Analysis Education Marketing 130

15Five

MARCH 4, 2024

This announcement comes on the heels of a significant 2023 for 15Five, during which we released the HR Outcomes Dashboard , Spark AI , and partnered with Transform Luminaries such as Dr. Beverly Kaye, Marshall Goldsmith, Michael Roberto, and others to establish Transform as the leading manager training and coaching solution in the market.

Compensation 98

Compensation Retention Benchmarking Benefits 98

AIHR

NOVEMBER 22, 2022

To maintain this trust, regular benchmarking activities are conducted in a structured, data-driven way. What data sources are you using for your salary ranges and how are you positioned in the market? What HR can do: Educate employees on how benchmarking and comparative pay work. Benchmark internally as well as externally.

Compensation 122

Compensation Benchmarking Benefits Implementation 122

AIHR

APRIL 1, 2024

Next to the four above-mentioned methods, market pricing and Hay job evaluation system are also often used to conduct job evaluations. Marketing, HR, Sales). Market pricing The market pricing method is based on external quantitative data. It assesses pay rates by referring to market rates for comparable jobs.

Job Analysis 111

Job Analysis Compensation Scaling Marketing 111

Refresh

JANUARY 27, 2023

At the start of the new year, millions of people resolve to better themselves, become more marketable in their field, and finally achieve goals they’ve been putting on hold for years. If your resolution is to be a better leader, then look at where you’ve been, where you want to be, and make specific benchmarks to achieve that goal.

Benchmarking 105

Benchmarking Accounts Marketing 105

AIHR

JULY 26, 2022

You can use your headcount plan to hire people based on forecasted business performance and changes in the market. If you’re expanding to new markets, you’ll have to gain a lot of insight into what kind of people you need. Look for team sizes and ratios benchmarks, and combine the data with your company’s growth plan.

Staffing 143

Staffing Recruitment Sales Sales 143

AIHR

JULY 31, 2023

A well-crafted staffing plan: Minimizes labor costs Maximizes productivity Provides a competitive edge in the market Improves the quality of new hires Reduces turnover Drives career and skills development Fosters a more engaged and satisfied workforce. Collecting information about the broader labor market and industry trends is also valuable.

Staffing 98

Staffing Recruitment Marketing Succession Planning 98

Zenefits

SEPTEMBER 14, 2022

In today’s tight labor market, you must offer competitive wages and benefits. In a tight labor market with wage inflation, you may need to review your company’s compensation package more often. Benchmarking. This will require you to do a little research to benchmark your business against current conditions.

Compensation 59

Compensation Benchmarking Insurance Benefits 59

AIHR

DECEMBER 22, 2023

Achieving internal and external pay equity : Fair pay makes employees feel good about their salaries compared to the market. Attracting and retaining talent: By offering competitive salaries, benefits, and perks, HR can position the company as an employer of choice in the market, which is essential for sustaining a high-quality workforce.

Compensation 111

Compensation Benefits Insurance Metrics 111

AIHR

APRIL 30, 2024

It’s a lot later on average than in other functions such as, say, admin or finance or marketing, or any of the other big corporate functions. If you look at marketing and administration, HR is always the smallest little slither of the pie chart.” . “HR has a little bit of an image problem.

Education 116

Education Metrics Administration Benchmarking 116

Zenefits

JANUARY 2, 2023

Step up your marketing game. There’s been so much going on over the last couple of years that no one will blame you if your marketing efforts have fallen to the wayside. What new audiences or market segments can you focus on reaching next year? Another marketing revamp to consider is to update or create new branding.

Small Business 98

Small Business Media Marketing Transportation 98

AIHR

JUNE 26, 2023

The right KSAs make candidates highly desirable in today’s job market. For instance, a marketing manager needs strong interpersonal abilities to collaborate with cross-functional teams, creativity to develop compelling campaigns, and adaptability to navigate rapidly evolving market trends.

Software 98

Software Engineering Project Management Marketing 98

Alison Green

JUNE 17, 2022

They said this would be to benchmark against other similar companies and “ensure we remain competitive,” but that’s a joke as our salaries are probably around $10k below market rates across the board, even before the cost of living increase. How do I do this?

Benchmarking 105

Benchmarking Manager Marketing 105

Vantage Circle

JANUARY 10, 2024

They help companies make improvements to retain their valuable employees, enhance their reputation, and gain a competitive edge in the market. Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmarking against industry standards. Analyzing historical data.

Metrics 59

Metrics Retention Benchmarking Implementation 59

AIHR

MARCH 1, 2023

According to SHRM’s Talent Acquisition Benchmarking Report , a high offer acceptance rate in recruiting is generally considered to be around 90% or higher. In this case, there are several challenges in attracting and retaining candidates , and the job offers are likely not competitive enough compared to others in the market.

Recruitment 98

Recruitment Metrics Compensation Retention 98

Chief Executive

SEPTEMBER 14, 2022

Cathy says that whether you want to be a world-class orchestra or a world-class business, you need to benchmark against other world-class organizations, even when they don’t serve the same market as you.

Hospitality 87

Hospitality Benchmarking Operations Retention 87

Eric Jacobson

FEBRUARY 5, 2024

The cocktail of comfort and anxiety you get when you benchmark yourself against your peers is just one of the many ways a social learning experience like a book club can help keep you interested and focused. When we're in a book club, we get that social validation. Whew, I thought I was alone, but I'm not" is comforting.

Benchmarking 105

Benchmarking Manager Metrics Leadership Development 105