The advantages of the hybrid work model - Hibob

The advantages of the hybrid work model

Following the lifting of COVID lockdowns worldwide, a wide range of hybrid arrangements have emerged, granting employees flexibility that was seldom offered before. Read more about why hybrid work is an advantage.

read more >

A-Z of employee communication

Strong communication practices have always been important but now that we're all working remotely, they can be the make-or-break factor for successful team dynamics. To help you keep your managers and teammates up to speed with your organization's communication culture, we put together a fun A-Z list of best practices for good communication. A is for actions Words are good, but actions are better. Make sure your people understand the value (and impact) of their actions and non-actions. None of us are working on an island; to succeed, we need…

read more >

What is workforce analytics?

What is workforce analytics? Workforce analytics is a method of monitoring and examining employees’ work productivity to improve workflow. A branch of people analytics, workforce analytics relates to all types of employees: in-house, remote, freelance, and consultant. This powerful investigative tool relies on HR metrics to optimize talent acquisition, nurturing, and retention, enabling HR leaders to make data-driven decisions that boost employee success and employee experience. Workforce analytics can: Measure employee engagement Identify the determinants of employee engagementExamine current trends and predicting future onesAnalyze organizational structurePinpoint high-potential employees for leadership positionsSource…

read more >

What is employee development?

What is employee development? Employee development is a process of educating employees so they can continue providing valuable contributions to their company. With constant technological innovations challenging the status quo, encouraging employees to keep pace through improving their skills and enhancing their practical knowledge benefits them and their employer.  Why should HR leaders care about employee development? Sourcing, hiring, and training of new employees are expensive and time-consuming processes. Employee development, meanwhile, can offer an economical way to help employees elevate their work performance, contributing to an increase in: RetentionEngagementMotivationProductivityProfitability Company…

read more >

What is performance management?

What is performance management? Performance management is a comprehensive method of tracking employees' work performances and developing their skills so they can contribute optimally to department and company objectives. Performance management involves three phases that prompt individuals to improve their performance level: Planning. Establishing and measuring individual goals that also align with company objectives allows HR to assess employee improvements.Check-in. Managers and employees should meet routinely to engage in two-way conversations regarding areas for improvement and progress.Review. Frequent check-ins throughout the year prepare managers and employees for quarterly or biannual…

read more >

Metrics that matter: salary average and salary change

We work hard for the money, don’t we? It’s almost impossible to talk about work without bringing up salary. What we’re paid is supposed to be representative of our employer-defined worth—and, on a larger scale, how the employer values their workforce. Salary average and salary change are both important HR metrics for measuring how the workforce is compensated as a whole, or in large groups. For companies competing for talent—we see you, EPD recruiters—salary average can help you understand your market position for recruiting. And for those fighting to retain…

read more >

How to create a more effective meeting culture using agendas (plus templates!)

HR leaders hold unique power. You can influence every part of your organization and its culture—and its processes, including meetings. Running effective meetings is always important, but especially in our new video-call-dependent work environment. Your influence on organizational culture puts you in the position to create an inclusive, productive meeting culture, one conducive to helping employees communicate, collaborate, and connect. Allow us to introduce the meeting agenda: a tool for reducing meeting creep and Zoom fatigue, ensuring that all voices in the meeting are heard, and keeping meetings on track.…

read more >

What is emotional intelligence in HR?

What is emotional intelligence in HR? Emotional intelligence (EQ) is the ability to recognize and regulate emotions effectively. In 1990, psychology professors Peter Salovey and John D. Mayer established the theory of EQ. In his book Emotional Intelligence, renowned author Daniel Goleman explains the five components of EQ: Awareness of emotions and noticing them as they occurHandling emotions with poise and demonstrating the ability to self-soothe and overcome obstaclesSelf-motivation and harnessing emotions to achieve high performanceEmpathy  towards others and the capacity to relate to their feelingsSocial competence in social interactions…

read more >

What is deferred compensation?

What is deferred compensation? Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of their salary to a later date to secure beneficial retirement and investment plans, and reduced tax rates. In this payment option, the employer continuously withholds a fraction of the employee’s paycheck until the employee withdraws the cumulative amount on a pre-determined date. For example, an individual who earns $150,000 annually may decide to defer $20,000 every year for the next ten years. Employers can provide deferred compensation through:   Retirement plansPension…

read more >

HR metrics that matter: employee growth rate

In this strange world, where it can feel like we’re treading water trying to stay afloat day by day, it can be hard to imagine planning for the future. Lockdowns begin, lockdowns end, and after seeing our world come to a screeching halt once already, who knows what the future holds? But to keep our heads above water, we need to make an effort. We need to keep looking ahead and do our best to plan for an uncertain future. Employee growth rate is an HR metric measuring your company’s…

read more >

Performance management needs to include learning and development

Why do we work? Most of us need a source of income, sure. But what else?  We want to develop passions and interests; meet like-minded people; grow our knowledge and skillsets. Grow as people. That’s why our jobs are usually more than just what we do for a few hours a day—they’re part of our lives and identities. And when we feel like we’re growing and developing, we’re more likely to stick around at our jobs, perform better, and achieve better business outcomes. According to a study published in the…

read more >

3 reasons you should prioritize employee recognition

When your focus is building successful teams that work together as a seamless unit, it might feel counterintuitive to single out employees for their accomplishments. But to keep every part of your team moving, you need to address each of them individually. Employee recognition is the act(s) of publicly and privately acknowledging individual achievements, and it's critical to increasing your business' bottom line. Here's how. Recognition and engagement are tied Engagement is known to be an important element of culture, productivity, and ultimately bottom-line results for your business. How does…

read more >

A metric that matters: salary range penetration

What should you be getting paid? It’s a tough question to answer. From the dreaded job application question about your preferred salary to annual or biannual salary reviews, however, you’ll have to assign a dollar value to your work. Too high and you risk losing everything; too low and you risk underselling yourself. How do you know what’s right? Working in HR, you’re in the position to make sure all of your people are being compensated fairly and equitably. Understanding each employee’s salary range penetration will help you do that.…

read more >

What’s the connection between onboarding and retention?

Get this: 64% of employees are likely to leave a new job within their first year after having a negative onboarding experience. I bet that shocking number makes you think about your organization's onboarding experience and how your employees respond to it. Our latest study of the state of employee onboarding, as told by 1,000 employees across the United States, gave us insight into what employees hope to get from onboarding and what they need from us in order to succeed. Here are our three major findings: #1: Employees feel…

read more >

What is a 360-degree review

What is a 360-degree review? A 360-degree review is a feedback system that enables designated staff members, colleagues, and managers to evaluate an employee’s work performance and competencies. Involving those who regularly collaborate with the employee, rather than the usual senior managers, provides a panoramic perspective of the employee’s progress, strengths, and weaknesses. Ideally, gathering responses from the surrounding staff will help the employee sharpen every angle of their work performance. Why should HR leaders care about 360-degree reviews? HR leaders can implement the 360-degree review in different contexts, such…

read more >