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

15Five

DECEMBER 7, 2023

Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. With the pivotal role managers play in fostering employee engagement, productivity, and retention, it was imperative to equip and support them effectively.

Onboarding 110

Onboarding Scaling Manager Performance Review 110

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

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

AIHR

FEBRUARY 1, 2024

Objectives • Attract top talent • Improve employee satisfaction • Align pay and benefits to performance and outcomes • Strive for fairness and transparency • Reduce churn rate / increase retention. 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

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

JULY 26, 2022

You can use your headcount plan to hire people based on forecasted business performance and changes in the market. For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). Review your organization’s plans, goals, and challenges.

Staffing 143

Staffing Recruitment Sales Sales 143

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

Get Lighthouse

NOVEMBER 17, 2023

Do you know your employee retention rate? Ignoring retention issues can slowly kill your company, especially if the number suddenly drops sharply. Understanding your retention rate helps you recognize if you have a real problem or typical turnover for your industry. Table of contents: What is Employee Retention Rate?

Retention 52

Retention Hospitality Manager Metrics 52

15Five

JANUARY 18, 2024

I feel like we’re constantly losing people”) into hard facts you can compare to industry benchmarks (e.g. Since employee retention is part of HR’s responsibilities, calculating and managing turnover rates falls on them, too. Money isn’t everything, but when job markets run hot, you may see an increase in turnover rates.

Retention 98

Retention Performance Management Compensation Onboarding 98

AIHR

MARCH 1, 2023

Retention: Candidates who accept job offers are more likely to stay with the company long-term. Ensuring you’re hiring candidates who are a good fit for the role and the company culture can reduce turnover and improve retention rates. Low acceptance rate A low offer acceptance rate in recruiting is generally below 50%.

Recruitment 98

Recruitment Metrics Compensation Retention 98

AIHR

NOVEMBER 22, 2022

To maintain this trust, regular benchmarking activities are conducted in a structured, data-driven way. Retention rates improve: Because pay transparency comes with clearly defined job roles, employees know exactly what is expected of them and whether their compensation and benefits align with how their work is valued. Bonus retention.

Compensation 122

Compensation Benchmarking Benefits Implementation 122

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

15Five

APRIL 16, 2024

However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover. With a wide range of employee engagement platforms on the market, we’ve drilled down the five steps you need to take to evaluate and onboard the right solution for your business.

Employee Engagement 98

Employee Engagement Software Onboarding User Experience 98

AIHR

FEBRUARY 27, 2023

And chief talent officer oversees employees’ recruitment, development, and retention to help meet company goals. They are involved in all aspects of talent management, like recruiting , learning and development, performance management , and retention. People are your most important resource in the organization.

Staffing 98

Staffing Recruitment Succession Planning Retention 98

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. This attracts top talent from the industry and may lead to better retention rates. Identify comparable positions in the industry and use them as a benchmark to establish competitive salary ranges.

Compensation 130

Compensation Job Analysis Education Marketing 130

Zenefits

SEPTEMBER 14, 2022

In today’s tight labor market, you must offer competitive wages and benefits. Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. Benchmarking. Benchmarking needs to go beyond pay. Improve employee loyalty.

Compensation 59

Compensation Benchmarking Insurance Benefits 59

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. Why Chick-fil-A enjoys a 98% retention rate among its corporate staff and restaurant operators.

Hospitality 87

Hospitality Benchmarking Operations Retention 87

Andrew Chen

SEPTEMBER 30, 2023

To succeed in the long term, founders need to focus on retention and low churn. You need other users that notify you, as social apps and collab tools do As the market progresses, AI apps will face slower growth and lower churn as novelty effects go away. Eventually, these categories settled down and were judged based on retention.

Workflows 114

Workflows Retention Benchmarking Marketing 114

Andrew Chen

SEPTEMBER 2, 2021

Questionable product/market fit meets premature scaling. Here’s why it’s so dangerous to scale a product with questionable product/market fit: The Traction Treadmill. You can quantify this with cohort retention curves. For a subscription product, this might be when your annual retention is <20%. thanks, Andrew.

Scaling 73

Scaling Retention Marketing Benchmarking 73

AIHR

FEBRUARY 6, 2024

Talent retention : For example, improve employee retention rates. Enjoy steady progress: Consistent goal setting and measurement of outcomes provide you with benchmarks to track progress, assess the effectiveness of your recruitment strategies , and tackle areas for improvement. The outcome? Review your recruitment processes.

Recruitment 105

Recruitment Metrics Media Retention 105

AIHR

OCTOBER 8, 2024

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. Why track these metrics?

Metrics 98

Metrics Employee Engagement Retention Onboarding 98

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

AIHR

DECEMBER 22, 2023

With nearly 40% of mid-career professionals prioritizing mandatory paid leave and over 80% seeking comprehensive healthcare benefits, it’s clear that designing a thoughtful compensation package is key to talent attraction and retention. So, how do you craft a total compensation package that resonates with a diverse workforce?

Compensation 111

Compensation Benefits Insurance Metrics 111

AIHR

MAY 31, 2023

Knowing how to calculate the promotion rate and benchmark your internal promotion rate against competitors allows businesses to understand how well they are promoting from within and pinpoint areas where promotion policies and practices could be improved. SHRM’s benchmarking report states that the average promotion rate is 6%.

Metrics 98

Metrics Employee Engagement Benchmarking Performance Management 98

AIHR

SEPTEMBER 13, 2023

Chief Talent Officer Salary : $237,000 – $436,000 Job description The Chief Talent Officer manages the recruitment, development, and retention of executives and business leaders in an organization. Strategic thinking: Develop executive talent management and retention strategies.

Compensation 105

Compensation Human Resources Recruitment Administration 105

Growth Hacker

SEPTEMBER 30, 2022

The growth team is always doing something new, such as improving conversions, validating a new channel, optimizing a step of the funnel, testing new pricing plans, experimenting with a new bundle/packaging, and improving retention with a completely new approach. It’s hard to plan the future based on no past. So what should they do then?

KPI 96

KPI Revenue Reorganization Metrics 96

AIHR

FEBRUARY 19, 2024

These metrics cover a wide range of areas, including recruitment, retention, training, employee satisfaction, performance, and productivity. This allows HR to justify investments in employee development and retention strategies by demonstrating potential cost savings and ROI. HR metrics examples in recruitment and retention 1.

Metrics 105

Metrics Recruitment Revenue Human Resources 105

Vantage Circle

NOVEMBER 15, 2024

Benchmarking: Use industry benchmarks to see how your organization’s metrics compare. Benchmarks help provide an additional layer of context, enabling you to see how your company performs compared to its competitors. Provide Context: Include benchmarks or industry comparisons to provide additional context.

ROI 97

ROI Employee Engagement Metrics Benchmarking 97

Zenefits

JUNE 1, 2022

PTO matters in multiple ways, including retention, recruiting, mental health, and performance. Offering PTO and ensuring employees use it increases loyalty and retention. You want to be competitive in attracting employees and provide a benefits package that encourages employee retention. days of paid vacation on average.

Retention 59

Retention Benefits Benchmarking Recruitment 59

Vantage Circle

MAY 20, 2022

." Ideally, you'll have baseline pre-intervention data to track progress, but if not, use benchmark data from others in your industry. Retention and turnover. Gaurav Belani Senior SEO and Content Marketing Analyst at Growfusely, a SaaS content marketing agency specializing in content and data-driven SEO.

Inclusion 98

Inclusion Diversity Education Recruitment 98

AIHR

JUNE 7, 2022

With people leaving organizations in droves and a tight labor market, there has never been a more urgent time to focus on employee wellbeing and engagement. Employee retention metrics are also crucial in this area, and these metrics often intersect with wellbeing metrics. This allows you to keep a finger on the job market pulse.

Metrics 144

Metrics Employee Engagement Insurance Benefits 144

Vantage Circle

MAY 18, 2023

These programs are designed to increase employee experience , boost morale, improve retention, and ease financial stress. In addition, it can also provide a competitive advantage in the job market, where you can attract candidates with comprehensive benefits packages. Higher retention rates. Elevated employee satisfaction.

Insurance 105

Insurance Benefits Implementation Education 105

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. 1) cohort retention curves that flatten (stickiness). 5) market-by-market (or logo-by-logo, if SaaS) comparison where denser/older networks have higher engagement over time (network effects).

Marketing 52

Marketing Retention B2B Scaling 52

Vantage Circle

DECEMBER 5, 2023

Stay interviews have become a key strategy for organizations in a world where talent retention is as crucial as talent acquisition. Statistics on Employee Turnover and the Cost Benefits of Retention Employee turnover is more than just an operational hurdle; it's a significant financial burden.

Retention 93

Retention Manager Benchmarking Implementation 93

AIHR

OCTOBER 20, 2023

Key metrics and performance indicators: An overview of key metrics such as turnover and retention rates, progress on diversity and inclusion goals, employee engagement scores, and compensation metrics. What to include in the report Turnover and retention rates : Analysis of the overall employee turnover and retention rates.

Recruitment 96

Recruitment Metrics Compensation Diversity 96

AIHR

MAY 24, 2022

Employee retention rate. Employee retention rate shows the number of employees who remain in an organization over a set period compared to the total number of employees who worked there during that time. Why should you measure HR effectiveness? What is it? Absenteeism rate. What is it? Was the cost worth it?

Metrics 98

Metrics ROI Recruitment Retention 98