AIHR

JULY 22, 2024

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. By focusing on HR metrics that matter, like employee feedback , grievance resolution rates, and retention rates, you can refine its approach to build a more supportive and inclusive work environment.

Employee Relations 116

Employee Relations Metrics Employee Engagement Retention 116

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

MAY 13, 2024

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. By setting benchmarks and targets for key metrics, you can establish performance standards and identify opportunities for improvement.

KPI 119

KPI Metrics Benchmarking Employee Engagement 119

AIHR

AUGUST 5, 2024

employee satisfaction / employee engagement ) and benchmark them against previous quarters and top competitors. Increase employee engagement, participation, and retention: Taking employee feedback seriously makes them feel heard and valued. This results in greater employee engagement, participation, and retention.

Scaling 105

Scaling Benchmarking Employee Engagement Manager 105

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

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

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 Advertising 52

AIHR

JULY 19, 2022

Retention rates. The employee retention rate refers to the percentage of employees who stayed with the business during a given period. As HRBPs take part in activities that impact employees actively throughout the employee lifecycle , their work directly impacts the retention rates in a company. Absenteeism rate.

Metrics 138

Metrics Retention Employee Engagement Diversity 138

AIHR

AUGUST 30, 2024

Watch out for lower engagement scores and use them as early warning signals that it’s time to implement proactive interventions and retention strategies. Benchmarking capabilities: Survey templates support internal benchmarking, letting you track employee engagement levels over time and gain insights into the impact of cultural shifts.

Employee Engagement 105

Employee Engagement Benchmarking Scaling Implementation 105

AIHR

JANUARY 8, 2024

This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys. Boost retention : Commitment and retention are linked. Why measure employee commitment?

Scaling 111

Scaling Retention Benchmarking Employee Engagement 111

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

AUGUST 19, 2024

It aims to incentivize employees by meeting their needs, resulting in greater employee productivity and retention. Better employee retention rates : Greater job satisfaction makes employees more likely to remain committed to their employer, resulting in lower turnover rates.

Onboarding 119

Onboarding Employee Engagement Metrics Diversity 119

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. Always think about the next iteration of your employee retention strategy. appeared first on 15Five.

Retention 98

Retention Performance Management Compensation Onboarding 98

15Five

MAY 19, 2023

(It’s also helpful to reference when asking for support on programs to boost retention. Employee engagement is critical to productivity, performance, and retention, and can be tied directly to business profitability. But it’s also important to track employee retention overall. 59% rated themselves as inadequate or fair.)

Metrics 105

Metrics Retention Revenue Recruitment 105

AIHR

JULY 30, 2024

Easy benchmark: Use these 12 questions to formulate your engagement activities, measure their effectiveness, and easily benchmark your company’s engagement efforts against the results of Gallup’s annual State of the Global Workplace survey. This will help you benchmark your performance against other businesses.

Employee Engagement 105

Employee Engagement Benchmarking Implementation Metrics 105

Andrew Chen

JULY 10, 2018

Anand Iyer (Trusted) again, talks about the evolution from leadgen/search-based marketplaces to full-stack where the platform helps manage: 1) customer UX, 2) supply software tools, 3) retention/frequency, 4) transactional model, 5) trust/safety/risk, 6) pricing mgmt + guidance. How to think about frequency and retention?

Metrics 110

Metrics eCommerce Retention User Experience 110

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. “Pay

Compensation 122

Compensation Benchmarking Benefits Implementation 122

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

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. Compare progress over time and create benchmarks for your industry to see how your company stacks up against the competition.

Employee Engagement 98

Employee Engagement Software Onboarding User Experience 98

Vantage Circle

AUGUST 9, 2024

Companies can implement targeted strategies to enhance employee satisfaction, productivity, and retention based on survey feedback. Pro Tip: Regularly track job satisfaction trends to promptly identify and address systemic issues, enhancing overall morale and retention. Do you want to see any changes in your physical work environment?

Employee Engagement 105

Employee Engagement Inclusion Retention Implementation 105

Vantage Circle

JANUARY 21, 2024

Ongoing index measurement empowers data-backed investments into targeted engagement initiatives that motivate higher performance and retention. Plenty of research shows engagement directly transforms key performance outcomes like retention, productivity, safety, and profitability. What Does the Employee Engagement Index Mean?

Employee Engagement 63

Employee Engagement Benchmarking Metrics Retention 63

Zenefits

SEPTEMBER 14, 2022

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. For recruiting and employee retention, you need to offer competitive compensation. Benchmarking needs to go beyond pay. Improve employee loyalty.

Compensation 59

Compensation Benchmarking Insurance Benefits 59

Andrew Chen

SEPTEMBER 30, 2023

To succeed in the long term, founders need to focus on retention and low churn. Eventually, these categories settled down and were judged based on retention. Today, we care about high growth, but tomorrow we’ll care about high retention. The abundance of new apps creates excitement, but eventually, the party will end.

Workflows 114

Workflows Retention Benchmarking Marketing 114

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. These may include prospecting, lead generation, client acquisition, relationship management, achieving sales targets, and customer retention.

Compensation 105

Compensation Sales Sales Metrics 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. Here are 6 points to help you increase your job offer acceptance rate: 1.

Recruitment 98

Recruitment Metrics Compensation Retention 98

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

Association Now Workplace

MAY 31, 2023

In its fifth benchmarking survey, the Virtual Association Network looks at how associations are handling their HR functions and other operations in a remote environment, as well as where they are facing challenges. Being able to care for a dependent was a huge plus for retention and satisfaction.”

Benchmarking 59

Benchmarking Compensation Human Resources Recruitment 59

AIHR

JULY 26, 2022

For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). Or are you perhaps better off providing training to existing staff to gain those crucial competencies, which also boosts your employee satisfaction and retention?

Staffing 143

Staffing Recruitment Sales Sales 143

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

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

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

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

15Five

APRIL 21, 2022

That increased transparency can lead to better candidate acceptance rates and increased employee retention. Showing candidates their total rewards offering also increases our ability to be competitive in the talent market and shows employees how much they’re valued for their hard work.

Compensation 105

Compensation Insurance Benchmarking Marketing 105

AIHR

OCTOBER 12, 2022

Pay plans are structured with pre-determined performance targets appraised within a certain period and paid out if benchmarks are met. Improving employee retention: A well-structured variable compensation plan is a great tool to retain your employees, especially top performers. Take company culture into account.

Compensation 130

Compensation Benefits Metrics Implementation 130

Vantage Circle

JUNE 7, 2024

Exit Interviews: Understand why employees are leaving and identify areas to improve retention. Boosting Retention : Regular surveys can point out underlying issues that contribute to employee dissatisfaction and turnover before good talent leaves.

Benchmarking 52

Benchmarking Employee Engagement SaaS Onboarding 52

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

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