Organizational goal setting strategies

Top six strategies for organizational goal setting

Among its many duties, goal setting is probably a human resources department’s most important responsibility. Goal setting is the process of establishing objectives, guidelines, and ways that can help your employees understand the individual, team, and company-wide business goals. Goal setting has to be specific, measurable, achievable, and time-bound. Effective goal setting boosts employee engagement and empowers HR and team leaders to effectively evaluate team members, increasing the likelihood that an employee will thrive and contribute to an organization’s long term success. Below are six proven strategies for HR leaders…

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A metric that matters (gender pay gap)

How your compensation strategy can address the gender pay gap

No single compensation leader or HR professional can solve the gender pay gap, which is a cross-industry issue. We are, however, all responsible for our own organizations, and by working independently, we can together begin to overcome what has become a global systemic problem. To address the gender pay gap, we need to take a close look at the composition of our organizations and the disparities in title, seniority, and compensation that may be rooted in gender expression—and then take concrete steps to rectify these differences. Defining and calculating the…

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Performance management strategy for HR leaders - Performance-management-strategy-for-HR-leaders-_-Blog-img.png

Performance management strategy for HR leaders

Performance reviews of the past were traditionally limited to a once-per-year appraisal where employees were judged according to past performance. With end-of-year reviews often tied to financial bonuses, promotions, or other incentives, this model was found to cause anxiety and competition among employees, thereby limiting collaboration and innovation. But things are changing. Continual performance management is increasingly being adopted by the world’s biggest companies. By keeping communication about goals and objectives fluid, effective performance management fosters engagement and breaks down silos for enhanced productivity and long-term success. So, how can…

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5 tips for transitioning your compensation management process to HR tech

Compensation management is one of the most important parts of people management—and the stakes are high. One misdirected email and you’re toast. When discretion is of utmost importance and there’s no room for error, you need to make sure you’re working with tools that keep your information safe, organized, and error-free. That’s why spreadsheets are a no-go for compensation management. To run something as tricky as compensation management, you need HR tech. It’s not easy to transition legacy processes, though—we know it takes thought and effort. Use the following five…

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3 templates for compassionate job candidate rejection emails

While we search for the highest-quality hires, we’re going to meet some other great (and not-so-great) candidates along the way. For that one new hire, there are going to be others—maybe a few, maybe a few thousand—who aren’t going to land the role. Especially when dealing with high-traffic job posts, writing involved rejection letters can be time-consuming. That’s why it’s so tempting to send an easy form email—or, when it gets really overwhelming, not to answer at all. But to help candidates improve—and hopefully want to stay in our pipelines—we…

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A metric that matters (eNPS)

What does eNPS mean and why is it so important for recruiting?

Are your employees happy? How do you know? Many of us are grateful to have jobs right now—but that doesn’t mean we’re happy where we are. While we might be happy that we’re employed, it doesn’t mean we’d want our friends to join us in our daily slog. That’s why measuring your company’s eNPS score is so important. Employee net promoter score (eNPS) is a metric that assesses employees’ job satisfaction by measuring their willingness to recommend their company to others. If your employees want their friends to hop on…

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A metric that matters (employee turnover)

What does employee turnover mean for your business?

Employee turnover is an expensive indicator of deep organizational issues. It can signal issues with quality of hire, culture, management, onboarding, and any other aspect of your employee experience. 77% of turnover in 2019 was voluntary—which means 77% of employee turnover could have been prevented. To take control of your budget and your culture, you need to get a handle on turnover ASAP. Let’s discuss: How to calculate employee turnoverThe financial impact of employee turnoverPotential causes of employee turnover How to calculate employee turnover Employee turnover is one of the…

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A metric that matters (quality of hire)

A metric that matters: quality of hire

Every new hire that comes through your doors (or logs onto your Slack) is a big investment. It’s taken a lot of time and money to get them in front of that computer. Hiring costs go beyond salary and benefits: you’re looking at headhunters, promoted job ads, travel reimbursements for interviews, and time spent recruiting and interviewing. If the folks you’re hiring aren’t a perfect 10 then not only did all that time and money go down the toilet, but you’re going to be spending even more on your next…

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A metric that matters (absenteeism rate)

Measuring absenteeism rates and their impact

Whether they’re turning on their laptops while WFH or sliding into their desk chairs in the office, for employees to be productive they have to show up. That’s why absenteeism rates can be a make-or-break metric for your workplace. Absenteeism is the HR term for “not coming to work when you’re not sick or on holiday.” Measuring an organization’s absenteeism rate is an excellent way to temperature-check engagement and culture health. Let’s learn about: How to measure absenteeism ratesWhat causes absenteeismConsequence of absenteeismHow to mitigate high absenteeism rates How to…

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Working from home productively with HiBob Chief People Officer Nirit Peled Muntz - HR-leader-Nirit-_-Blog-img.png

Working from home productively with HiBob Chief People Officer Nirit Peled Muntz

When your team goes remote overnight, how do you rebuild communication practices and protocols to keep people productive, informed, and safe? Nirit Peled Muntz, HiBob’s CPO, sat down with us to share a bit of the HiBob journey towards remote work and creating a sustainable hybrid remote work model. Read on for the secrets to keeping employees productive, aligned, and secure. HiBob: What are you doing to keep your team engaged and motivated right now? Nirit Peled Muntz: At HiBob currently all employees are working from home, so we have…

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How to convince stakeholders to support diverse recruitment efforts

The financial benefits of diverse recruitment can be quantified. How about the cost? Let’s start with your budget set aside for recruiting underrepresented minorities. How much of your recruiting budget is dedicated to that mission? If the answer is zero then not only do you have a culture problem, you’re hurting your business’ bottom line.Let’s look at diversity and inclusion-oriented recruiting by the numbers: the value of diversity to employees + benefits of inclusion-oriented recruitment, and how to present the business case for diverse recruiting. Quantifying the importance of diverse…

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