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

Brian Balfour

FEBRUARY 7, 2017

I recently spoke with Andy as part of a 1 hour interview covering: How he brought a web-first product to mobile Activity notifications, rich push, and other techniques for driving mobile growth and retention Andy’s “Mobile Growth Stack” for 2017 You can watch the full interview here, and check out the truncated text version below.

Retention 62

Retention Benchmarking Metrics Rollout 62

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 105

Onboarding Scaling Manager Performance Review 105

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 116

KPI Metrics Benchmarking Employee Engagement 116

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

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 52

ROI Employee Engagement Metrics Benchmarking 52

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 109

Compensation Manager Benefits Benchmarking 109

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 104

Compensation Sales Sales Metrics 104

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 96

Retention Performance Management Compensation Onboarding 96

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 91

Metrics Employee Engagement Retention Onboarding 91

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

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

OCTOBER 24, 2024

For example, data from exit interviews shows that people leave mainly because their compensation isn’t in line with the rest of the market. Implementing targeted employee retention strategies. As mentioned above, when you know why people leave, you can implement targeted strategies to improve retention.

Compensation 97

Compensation Human Resource Information Systems (HRIS) Human Resources Retention 97

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

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 91

Recruitment Metrics Compensation Retention 91

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

AIHR

AUGUST 26, 2024

Improving retention strategies: By understanding why employees stay or leave, you can improve your retention strategies and reduce the costs associated with high turnover. You can then develop proactive measures for talent retention and succession planning. How do you measure employee sentiment?

Metrics 52

Metrics Benchmarking Employee Engagement Retention 52

Vantage Circle

JANUARY 29, 2024

Employee commitment survey benefits Employee surveys provide metric-driven insights to maintain an engaged, fulfilled workforce, supporting retention , productivity, and business results. Retention risks: By analyzing survey data, you can predict which employees are at high risk of leaving, so proactive retention measures can be taken.

Metrics 59

Metrics Benchmarking Employee Engagement Scaling 59

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

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

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 91

Staffing Recruitment Succession Planning Retention 91

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

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 95

Staffing Recruitment Marketing Succession Planning 95

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 102

Recruitment Metrics Media Retention 102

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 92

Metrics Employee Engagement Benchmarking Performance Management 92

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 140

Staffing Recruitment Sales Sales 140

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 116

Compensation Benchmarking Benefits Implementation 116

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

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 104

Compensation Human Resources Recruitment Administration 104

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

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 126

Compensation Job Analysis Education Marketing 126

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 104

Metrics Recruitment Revenue Human Resources 104

Zenefits

AUGUST 3, 2022

Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. Here are some of the least effective benefits and perks on the market today. Benchmark your benefits and offer benefits workers love.

Benefits 52

Benefits Insurance Retention Benchmarking 52

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

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 124

Compensation Benefits Metrics Implementation 124

Vantage Circle

SEPTEMBER 16, 2020

Pulse survey tool offers an excellent way to set an industry benchmark for companies and gain insights into employee survey. Peakon has evolved to become a full-fledged SaaS for employee retention. Benchmarking. It provides insight into the management of what employees feel about the organization and helps in employee retention.

Benchmarking 52

Benchmarking Employee Engagement Project Management Software 52

Vantage Circle

SEPTEMBER 16, 2020

Pulse survey tool offers an excellent way to set an industry benchmark for companies and gain insights into employee survey. Peakon has evolved to become a full-fledged SaaS for employee retention. Benchmarking. It provides insight into the management of what employees feel about the organization and helps in employee retention.

Benchmarking 52

Benchmarking Employee Engagement Project Management Software 52