Benchmarking has several important advantages, including: Offering data-based insights about business performance and contributing factors. Identifying industry trends and developments. Improving existing HR practices.
HR benchmarking uses both quantitative and qualitative data to make comparisons between and within organizations, sectors, industries, roles, practices, and processes. It is used to provide feedback to organizations for continuous improvement to their people practices and challenge existing processes.
HR benchmarking is the process of comparing businesses, identifying successful practices, and collecting data for comparison purposes.
To conduct HR benchmarking, organizations must select relevant metrics to compare, such as employee turnover rate, time-to-hire, and factors that reflect employee engagement. These metrics should be chosen based on their relevance to the organization's objectives and the availability of benchmark data.
To conduct HR benchmarking, organizations must select relevant metrics to compare, such as employee turnover rate, time-to-hire, and factors that reflect employee engagement. These metrics should be chosen based on their relevance to the organization's objectives and the availability of benchmark data.
What is HR benchmarking? Benchmarking is the process of comparing similar characteristics between or within businesses, identifying the most successful practices, and integrating them into the company procedure.
Academic journal
IDS HR in Practice is a subscription-based online service offering analysis and coverage of best practice in all major areas of HR.
It features named case studies and benchmarking data on a wide range of employee benefits and allowances.
The HR module of IDS Thomson Reuters, the service was launched in 2012 and is the successor to the fortnightly journal IDS HR Studies.
A subscription to IDS HR in Practice includes access to the content of IDS HR Studies back to 2003.
Academic journal
IDS HR in Practice is a subscription-based online service offering analysis and coverage of best practice in all major areas of HR.
It features named case studies and benchmarking data on a wide range of employee benefits and allowances.
The HR module of IDS Thomson Reuters, the service was launched in 2012 and is the successor to the fortnightly journal IDS HR Studies.
A subscription to IDS HR in Practice includes access to the content of IDS HR Studies back to 2003.
