AIHR

OCTOBER 5, 2023

Achieving ROI – HR transformation projects often involve significant investments in terms of time, effort, and resources. A well-developed project plan increases the likelihood of achieving a positive ROI. Establish measurable key performance indicators (KPIs) and benchmarks to track progress.

ROI 116

ROI Implementation Change Management KPI 116

AIHR

MAY 23, 2022

Higher revenue and ROI. Any references to actual people should be removed. With compensation and monetary incentives, you should empower employees to understand their worth and compare your offer with the industry benchmarks or those offered by competitors. Improve your total rewards strategy.

Compensation 142

Compensation Benefits Implementation Software 142

AIHR

NOVEMBER 5, 2018

For each case study, I will refer to their original publication. In the first year alone, the ROI of their training program was 400%. Absenteeism in this German 43,000 + people energy company has risen above benchmark. the UK retail business has systematically out-performed internal targets and external benchmarks, year on year.

Staffing 102

Staffing Benchmarking Transportation A/B Testing 102

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

FEBRUARY 19, 2024

This allows HR to justify investments in employee development and retention strategies by demonstrating potential cost savings and ROI. Benchmarking this metric between different departments and managers/partners can also provide valuable insights. Total HR costs refer to all expenses related to HR functions over a specific period.

Metrics 105

Metrics Recruitment Human Resources Revenue 105

AIHR

SEPTEMBER 28, 2021

You can benchmark this figure (along with all the KPIs in this list) against your competitors or industry averages. The time to hire refers to the number of days starting from when a candidate entered the recruitment funnel up to the days they accept an offer of employment with the organization. Time to hire.

Recruitment 105

Recruitment KPI Metrics Advertising 105

Vantage Circle

DECEMBER 19, 2023

Metrics also help quantify such efforts' return on investment (ROI). It refers to the percentage of employees who leave the company within a specific period. However, benchmarks for average employee tenure vary drastically between industries. None of these metrics can give a holistic picture of retention by themselves.

Retention 105

Retention Metrics Human Resource Information Systems (HRIS) Employee Engagement 105

AIHR

FEBRUARY 27, 2018

This is referred to as “process entitlement level” in Six Sigma. enjoy an ROI of 400% or above for this particular business process. Based on the business problem, QFD analysis and CTQ identification, the goal for this project was marked as “ ROI to be increased from 230% to 300% or above (compounded monthly) ”.

ROI 75

ROI Recruitment Advertising Revenue 75

Vantage Circle

JANUARY 10, 2024

Are you looking to reduce turnover, improve employee satisfaction , or meet industry benchmarks? Benchmark Against Industry Standards Research industry-specific benchmarks to see how your organization compares to others in your field. Benchmarking against industry standards. Analyzing historical data.

Retention 59

Retention Metrics Benchmarking Implementation 59

AIHR

JULY 31, 2023

Human Resources also refers to the workforce or people employed in an organization. They maximize employee capabilities that will help drive organizational success by identifying the skills gaps, creating L&D programs, and implementing performance management systems. The average salary also varies by years of experience.

Human Resources 92

Human Resources Recruitment Onboarding Compensation 92

15Five

FEBRUARY 12, 2019

Today, we are at the forefront of a new category of software that helps leaders and managers drive high performance by bringing out the best in their people (commonly referred to as continuous performance management). From that question, 15Five was born. So why don’t more businesses track the value of their employees?

Performance Management 103

Performance Management Manager Software Retention 103

Vantage Circle

APRIL 4, 2023

Leadership effectiveness refers to a leader's ability to positively influence and coordinate their team members' (or immediate subordinates') efforts to achieve organizational goals. Finally, don't forget to compare your findings to your past rates and the industry benchmarks to get a full picture.

Metrics 72

Metrics Employee Engagement Project Management ROI 72

AIHR

DECEMBER 8, 2023

The goal of shape refers to having the right workforce configuration with competencies needed today and tomorrow. To conduct a simple analysis, set an internal pay benchmark and group people into categories of overpaid and underpaid. An excess of vacancies can be a good indicator of this. It also involves succession management.

Revenue 98

Revenue Staffing Benefits Transportation 98

15Five

MARCH 14, 2023

And I think it’s a business value that has a real ROI to it. And I know our CEO, Ros Brewer, has really championed that and role modeled it herself, but it really has to go deep down into the organization. I think it really unlocks performance within the business.

Benefits 98

Benefits Manager Assets Banking 98

Harvard Business Review

MARCH 7, 2017

By 2012, our research shows, nearly 60% of a typical B2B purchasing decision — researching solutions, ranking options, benchmarking pricing, and so on — was happening before the buyer even had a conversation with a supplier. But the software company asks the customer reference to candidly discuss their purchase process.

B2B 13

B2B Travel Benchmarking Sales 13

AIHR

APRIL 9, 2024

Recruitment ROI What are recruiting metrics? Using this image, we can see that hiring someone who is more suited for the job has the potential to create an enormous return on investment (ROI). For that reason, you should be a little bit careful when interpreting the time to hire benchmark we included below. Adverse impact 21.

Metrics 105

Metrics Recruitment ROI Onboarding 105

AIHR

DECEMBER 14, 2021

Contents Know the organizational needs Create a level system based on experience Conduct a job analysis Develop salary rubrics and be transparent Assess your budget and ROI Ask your candidates Look at the competition Consider regional differences. Assess your budget and ROI. Let’s dive in! Know the organizational needs.

Job Analysis 98

Job Analysis ROI Compensation Recruitment 98

AIHR

NOVEMBER 23, 2018

This metric can also be used to benchmark companies. A famous example is the following infographic by Expert Market: In his book Exponential Organizations, Salim Ismail often refers to this metric. Human Capital ROI. The human capital ROI is a metric that assesses the value of human capital (i.e.

Metrics 85

Metrics ROI Sales Sales 85

Get Lighthouse

FEBRUARY 9, 2023

It may not seem like in the short term it has a strong ROI, but the foundation is priceless. set goals clear enough that people can benchmark themselves or their decisions? That interaction activates what's sometimes referred to as our "social engagement system.” This all starts with your schedule. create confidence?

Onboarding 137

Onboarding Manager Travel Benefits 137

Harvard Business Review

JUNE 12, 2015

When people are encouraged to counter this tendency by communicating more concretely about the distant future, they often set a specific numeric performance target, such as an increase in stock price, market share, or ROI. The specificity of this target certainly renders it an effective benchmark.

ROI 15

ROI Energy Benchmarking Transportation 15

Vantage Circle

NOVEMBER 15, 2024

To dispel the misconception around engagement being limited to intangible gains, companies must calculate the ROI of employee engagement. Calculating ROI (Return On Investment) involves measuring how investments in engagement translate into real financial gains, enabling leaders to justify their spending with concrete data.

ROI 98

ROI Employee Engagement Metrics Benchmarking 98

AIHR

JANUARY 31, 2025

In the previous example, some key deliverables included a decrease in lead time and a high ranking in the top employer benchmarks. The candidate experience will be vital to attracting top candidates and ensuring a good rating in the top employer benchmark. These practices work together to create synergy for the HR deliverables.

Deliverables 98

Deliverables Metrics Recruitment ROI 98

AIHR

MARCH 28, 2025

Organizational social network data Data on organizational social networksalso referred to as organizational network analysis (ONA)look at how employees connect and collaborate across the organization. These benchmarks help HR stay competitive in pay, understand talent availability, and spot shifts in demand for certain skills.

Human Resource Information Systems (HRIS) 96

Human Resource Information Systems (HRIS) Compliance Benchmarking Recruitment 96

AIHR

DECEMBER 5, 2024

Involuntary turnover refers to the percentage of employees who leave the organization due to employer-led decisions, such as layoffs, terminations, or redundancies. To calculate training ROI, subtract the total cost of the training from the net benefits gained, then divide that result by the total training cost.

KPI 98

KPI Metrics Recruitment Employee Engagement 98

AIHR

JANUARY 31, 2025

An HR Analyst, also referred to as HR Data Analyst or People Analyst, plays a key role in helping organizations make data-driven decisions related to their workforce. Conduct salary benchmarking : Research market data to ensure competitive and fair compensation practices. Field HR, Talent, Employee Listening, etc.)

Human Resources 83

Human Resources Human Resource Information Systems (HRIS) Compliance Metrics 83

AIHR

NOVEMBER 1, 2024

An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices. This alignment has also been referred to as Strategic Human Resource Management. What do HR best practices entail, and why are they so important? strive for best fit).

Human Resources 98

Human Resources Compensation Employee Engagement Human Resource Information Systems (HRIS) 98

AIHR

NOVEMBER 22, 2024

These metrics can also be used to benchmark against other companies. Human capital ROI The human capital ROI is a performance metric that assesses the value of human capital (i.e., This approach is popularized by Jac Fitz-enz in his book The ROI of Human Capital. knowledge, habits, and social and personal attributes).

Metrics 98

Metrics Revenue Sales Sales 98