AIHR

MAY 24, 2022

For example, an efficiently designed and executed recruitment and onboarding strategy can help bring top talent on board, leading to increased productivity and, therefore, revenue. More effective training results in greater employee performance and satisfaction, improved team morale, and a higher ROI. What is HR effectiveness?

Metrics 92

Metrics ROI Recruitment Retention 92

AIHR

OCTOBER 1, 2024

Tracking this metric helps companies ensure that new hires contribute quickly, improving overall ROI. It established 200,000 as the benchmark to represent the total hours 100 employees would log in 50 weeks, based on a 40-hour work week. Tracking this helps companies ensure labor costs are sustainable in relation to revenue growth.

Metrics 52

Metrics Manager Staffing Revenue 52

Vantage Circle

FEBRUARY 1, 2021

Revenue versus Target. Revenue vs. Target helps you establish a relationship between your projected revenue and actual revenue. KPIs, being widely used by corporates everywhere, are also great for setting an industry-standard benchmark. These can be for maximizing sales, revenue, site traffic, etc.

KPI 52

KPI Sales Sales Revenue 52

AIHR

JULY 19, 2022

Organizations with efficient HR business partners have enhanced employee performance, revenue, and profits by 22%, 7%, and 9%, respectively. You can also track other employee engagement metrics like ROI on employee engagement and Glassdoor.com rating. An example of an employee engagement goal. An example of a retention rate goal.

Metrics 136

Metrics Retention Employee Engagement Diversity 136

Walk Me

JUNE 20, 2023

Doing so means setting benchmarks that can be measured, making it easier to track your progress and determine when you have achieved your objective. To improve the effectiveness of this SMART goal, consider adding measurable benchmarks. Attainable At this stage of the process, conducting a reality check is crucial.

Digital Transformation 52

Digital Transformation Benchmarking Change Management Implementation 52

AIHR

DECEMBER 8, 2023

The board of directors has set a number of revenue goals per product line. We know the figures for 2023, and based on the potential of the three product lines, we’ve created a revenue goal for the next year, 2024. Product line A B C Year 2023 2024 2023 2024 2023 2024 Revenue $1.8M $2.2M $1.6M $3.8M $5.2M $4.6M

Revenue 88

Revenue Manager Benefits Marketing 88

AIHR

MAY 23, 2022

Higher revenue and ROI. 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. Ultimately, customer satisfaction, loyalty, and promotion result in repeat purchases that contribute to higher sales.

Compensation 129

Compensation Benefits Implementation Software 129

AIHR

NOVEMBER 22, 2024

Revenue per employee Revenue per employee measures the average amount of revenue generated by each employee, calculated by dividing the total revenue of the organization by the number of employees. Revenue per employee = Total revenue / Number of employees A similar metric is revenue per FTE (full-time equivalent).

Metrics 97

Metrics Revenue Sales Sales 97

Vantage Circle

APRIL 4, 2023

It can further increase customer satisfaction by 3 - 4% and revenue growth by 1.5%. Finally, don't forget to compare your findings to your past rates and the industry benchmarks to get a full picture. Driving Engagement and Retention: Good leadership has a positive relationship with employee engagement.

Metrics 72

Metrics Employee Engagement Project Management Manager 72

15Five

FEBRUARY 12, 2019

Businesses are very adept at tracking their CLTV (Customer Lifetime Value), which is a factor of how much revenue a customer contributes over what length of time. For an excellent explanation of ELTV, read How to Understand the ROI of Investing in People: Using Employee Lifetime Value to Articulate the Business Impact of Your People Team.

Performance Management 96

Performance Management Manager Software Revenue 96

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