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 110

Marketing Retention B2B Scaling 110

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

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

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 SaaS 110

15Five

MARCH 4, 2024

You can’t separate pay from engagement, retention, or performance. When these aren’t seamlessly connected, it becomes too easy for compensation challenges to affect core HR outcomes such as engagement, retention, or performance. According to Gallup , pay/benefits remains the top motivator for job changes.

Compensation 98

Compensation Retention Benchmarking Benefits 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

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 Onboarding Sales 143

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

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 Compliance Benchmarking 111

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 Metrics Hospitality Advertising 52

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

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

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 Retention Compensation 98

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 Onboarding Compensation 98

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

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. Retention rates can be measured using quantitative data over a long period of time. How to measure training ROI.

ROI 138

ROI Sales Sales Benchmarking 138

AIHR

AUGUST 15, 2024

This encourages a positive workplace culture, which leads to improved employee morale and retention. The report also includes a benchmark of your model against other companies. Employee advocacy: HRBPs champion the rights and wellbeing of employees, ensuring their concerns are addressed. So where is it going wrong?

Implementation 98

Implementation Operations Digital Transformation Administration 98

AIHR

APRIL 26, 2022

Move compensation to 70% of the industry benchmark. Become a sticky employer (improve employee retention). Attract better talent / Reward on par with the market. Employee Retention. Increase employee retention from 60% to 65%. Talent Acquisition. Become an irresistible employer. Talent Management.

KPI 145

KPI Human Resources Employee Relations Retention 145

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 Retention Succession Planning 98

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

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

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

JANUARY 25, 2022

Organizations need a strategic compensation plan to remain competitive within their markets and attract and retain top talent. Employers realized that encouraging a healthy work and life balance leads to a productive team and excellent employee retention. Helping reduce voluntary turnover and improve retention.

Compensation 126

Compensation Benefits Human Resources Retention 126

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

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

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.

Benchmarking 87

Benchmarking Hospitality Retention Operations 87

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

AIHR

FEBRUARY 15, 2022

Workforce analysis takes a broader approach than people analytics by using both employee and ROI data to make informed recruitment, retention, and employee management decisions. Organizations can offer existing employees further training, nurture potential, set performance benchmarks, and map succession paths for the most promising talent.

Staffing 98

Staffing Recruitment Retention ROI 98

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.

Compensation 93

Compensation Benchmarking Software Engineering 93

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 Benchmarking Marketing 73

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 Benchmarking Employee Engagement Performance Management 98

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 Retention Onboarding 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 Onboarding 96

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

AIHR

MARCH 29, 2022

The HR analytics market is set to grow by 90% to $3.6 With this data, you can spot weaknesses across the business and improve these to boost efficiency, productivity, retention rates, training effectiveness, and more—all of which will benefit your bottom line. billion over the next three years. HR analytics benefits.

Benefits 111

Benefits Recruitment Retention Compensation 111

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 Succession Planning Metrics 98