Practical HR Tips, News & Advice. Updated Daily.
Yesterday’s Advisor discussed the C-Suite and HR metrics; today, suggested metrics for different functions. Again, our insights come from the all-HR-in-one website, HR.BLR.com. Here are suggested metrics for various HR functions: Metrics for the Recruiting Function Time to fill a vacancy Quantity and quality of applications based on recruiting source HR cost per hire Voluntary/involuntary […]
Lambert, who offers payroll training as “The Payroll Advisor,” says that if you are doing an audit, might as well audit for fraud as you go. She’s found a lot of fraudulent behavior that way. Auditing for Fraud Payroll fraud is defined as “anything that uses payroll to take money from the company in a […]
To be business leaders, HR professionals must utilize C-Suite thinking in reporting and decision support. And that means metrics. For guidance we turned to the all-HR-in-one website, HR.BLR.com. A metric is simply a way to quantify, measure, and track key performance indicators. Metrics can support decisions related to: Compensation programs Hiring and retention Succession planning […]
Despite the fact that most comp managers are crazy busy, it’s time to add a task to the mix, says Dorf—a thorough compensation program audit. And, yes, in spite of what could be construed as a self-serving suggestion, he wants you to hire someone else to do it. Dorf is managing director of Compensation Resources, […]
People Don’t Understand the Demographics Companies tend to relax about compensation during an economic downturn, but that may be a mistake, says Dorf, who is managing director of Compensation Resources, Inc. in Upper Saddle River, NJ. “I don’t think people understand how demographics fit with this recession,” Dorf says. The number of people who are […]
Metrics for Compensation Programs Compensation costs per dollar of profit Compensation costs per dollar of revenue Analysis of performance and production levels of employees paid in the top 30 percent of their salary range Total compensation costs as a percent of total company operating costs Analysis of compensation levels to the marketplace and key competitors […]
A metric is simply a way to quantify, measure, and track key performance indicators. Metrics can support decisions related to: Compensation programs Hiring and retention Succession planning Employee performance Training Allocation of resources Technology purchases Outsourcing A Business Approach Metrics typically describe the current situation, compare current numbers with previous years’ or with a competitor’s […]
Employee abuse of leave is a problem for 10% and consistent application is an issue for 7%. A lucky 4% have no or very few issues when it comes to managing employee leave. Survey Highlights As expected, paid vacation time, separately or as PTO, is available to over 95% of those responding to our survey, […]
Fellows, founder and president of WorkLife Performance, Inc. divides flex/telecommuting into three “flavors.” She offered her tips at a recent webinar sponsored by BLR and HR Hero. Flavor #1—Flexible Hours This is the opportunity to begin and end each workday at an approved time outside the standard (or “core”) working hours while still completing the […]
One of the advantages to telecommuting that many organizations are finding is that it forces managers to manage by results rather than by presence, says Fellows, founder and president of WorkLife Performance, Inc. Fellows offered her flex/telecommuting tips at a recent webinar sponsored by BLR and HR Hero. Flex Program Evolution Flex started in early […]