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 211

Operations Benchmarking Human Resources Sales 211

AIHR

AUGUST 26, 2024

Benchmarking Comparing internal sentiment data with industry benchmarks or historical data can help identify areas for improvement. Benchmarking allows you to measure your organization’s performance against industry standards or its own past performances.

Metrics 69

Metrics Benchmarking Retention Inclusion 69

AIHR

OCTOBER 23, 2024

Set clear benchmarks and targets Establishing baseline figures and setting clear, time-bound targets for improvement is essential for tracking progress toward your ESG goals and keeping score with your competitors. Marketing is also an essential partner in communicating your ESG goals and successes to internal and external audiences.

Metrics 98

Metrics Inclusion Diversity Government 98

Brian Balfour

MARCH 21, 2017

Most growth communities, forums, and email lists will inevitably have that thread that goes: “Hey, what are the benchmarks everyone’s seeing for X?” I constantly find people seeking out benchmarks or pointing to benchmarks, and we’ve all been there -- who doesn’t want some normalizing data to understand whether we’re on track or not?

Benchmarking 40

Benchmarking Metrics eCommerce SaaS 40

15Five

MAY 26, 2022

With today’s competitive talent market compounded by economic factors like high inflation, people leaders face tremendous pressure to create a competitive compensation strategy. Limited access to reliable benchmarks. Trouble finding accurate and helpful compensation benchmark data was mentioned quite a bit by our community members. .

Compensation 105

Compensation Benchmarking Performance Review Marketing 105

LSA Global

JANUARY 6, 2025

Use market research, competitive analysis, and internal strategy success metrics to help anticipate future scenarios, assess strengths and weaknesses, agree upon strategic priorities , and validate action plans. Highlighting trends, benchmarks, and potential challenges reinforces the business case for change and bolsters trust.

Benchmarking 67

Benchmarking Strategic Planning Accounts Implementation 67

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

AIHR

MARCH 30, 2021

You want to have enough candidates to compare to make the right choice unless you hire for that position frequently enough to have a good benchmark. Hiring Budget , a measure recently devised by SmartRecruiters , benchmarks recruiting costs to the variable costs of different types of roles. End of Probation Review.

Recruitment 137

Recruitment Benchmarking Metrics Onboarding 137

AIHR

DECEMBER 2, 2019

In the external market, low-cost shipbuilding projects are increasingly moving to Asia, while the European builders are the go-to for technologically advanced ships, like navy vessels and superyachts. In the previous example, the key deliverables include a decrease in lead time and a high ranking in the top employer benchmark.

Deliverables 138

Deliverables Benchmarking Metrics Recruitment 138

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 KPI 124

AIHR

JULY 15, 2024

As the job market increasingly becomes candidate-centric, how job seekers view an organization can make or break its ability to attract and recruit top talent. A lower rate can mean the right candidates aren’t getting through the system or that your company’s job offers are not competitive in the current market.

Metrics 81

Metrics Recruitment Software Onboarding 81

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 Benchmarking Metrics Inclusion 119

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 112

Benchmarking Onboarding Marketing Benefits 112

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 Metrics Benchmarking Marketing 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

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 Software Scaling 111

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 293

Marketing Diversity Metrics Benchmarking 293

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 Compliance Benchmarking 111

Help Scout Leadership

JULY 20, 2021

There were similar products on the market at the time of its release, but most of them only could hold 30 or 40 songs. Setting up benchmarks for the standards you’d like to achieve with your customers is an essential step for deepening your customer orientation. Apple Apple preemptively understands customer needs and builds for them.

Sales 363

Sales Sales Metrics SaaS 363

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

Harvard Business Review

OCTOBER 10, 2023

A key solution lies in salary benchmarking — using aggregated market data to establish competitive pay rates. payroll processing company revealed that access to robust benchmarking tools doubled the probability of firms setting the “right” salary. That means employers must find new ways to determine appropriate compensation.

Benchmarking 28

Benchmarking Compliance Compensation Government 28

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 Administration Benchmarking Human Resources 98

AIHR

SEPTEMBER 29, 2021

There are four main types of compensation philosophies: Market pay. Market pay philosophy is based on factors within the organization’s industry, where they want to be competitively positioned (pay percentile) within the market and is also influenced by the specific geographic locations within which the employee may be working.

Compensation 109

Compensation Compliance Benefits Benchmarking 109

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 Metrics Benefits Benchmarking 130

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 Performance Review 105

AIHR

JANUARY 19, 2021

As an example, Slack traditionally compensated employees based on localized benchmarks in their New York and San Francisco offices. A compensation analysis is a vital component of an organization’s talent management strategy , as it helps attract and retain the best employees on the market. The result will be a percentage.

Compensation 95

Compensation Benchmarking Software Engineering 95

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

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

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

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 SaaS 110

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 100

Operations Benchmarking Human Resources Sales 100

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

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

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 Onboarding Sales 143

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

MAY 14, 2018

This strategy is not made up – it is derived from three key factors: What’s happening in the market? The simplest analysis has two elements: Set an internal pay benchmark and group people in (severly) overpaid and (severly) underpaid categories. This data can be enriched by labor market statistics. What is the competition doing?

Compensation 105

Compensation Benchmarking Metrics Benefits 105

AIHR

APRIL 20, 2022

Isolating the effects of training – There are other factors that might have an impact on the performance that you’re aiming to improve with the training, like organizational culture, market conditions, and more. They could be sales, market share, customer feedback, etc. How to measure training ROI. Evaluation planning.

ROI 138

ROI Sales Sales Benchmarking 138