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What is a response to the following In evaluating compensation techniques, I think it is important to also your actual employees, how you hire, and
What is a response to the following In evaluating compensation techniques, I think it is important to also your actual employees, how you hire, and how content they are. I have chosen a few metrics from the 50+ HR KPIs and Metric Examples by Tricia Jessee (2024). How good is the human resources department doing in helping to hire qualified staff, setting up training for them, and promoting the company? At my workplace, we are constantly told that your compensation is more than your salary. One way to measure the effectiveness of benefits is to measure Benefits Satisfaction. Employee opinions and attitudes towards benefit options would be measured via survey and satifisfaction would be shown by a 1 - 10 likert rating scale. In doing department workforce planning and budgeting, you need to be able to know the ebbs and flows of employee count. To help with this budget you can determine the Cost per Hire and the Return on Investment of employees. Utilizing the cost per hire, you would know how much it costs to acquire qualified talent. This would be calculated by averaging the total costs of marketing, hiring process and referral per hire. This can factor into
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