Editor's message: Benchmarking - using data to compare policies and practices with those at other employers - is likely to be a day-to-day activity for many HR professionals as they work to achieve key people management objectives. Collecting, analysing and using good-quality data is essential to this process.
HR professionals can use benchmarking data to measure and monitor how their organisation compares on pay and benefits, absence and leave, recruitment and retention and other key HR metrics. Many HR professionals opt to benchmark their organisation’s people data against organisations of similar size or operating in the same sector.
Benchmarking begins with gathering data. Employers can choose from a range of data sources to use in benchmarking exercises. For example, XpertHR Benchmarking users can access interactive benchmarking data on all aspects of the employment relationship, including key HR metrics such as rates of absence and labour turnover, annual leave entitlements and typical ratios of employees to HR staff. XpertHR also has an ongoing research programme covering all aspects of employment practice.
Michael Carty, benchmarking editor
HR analytics skills are becoming a priority area for HR as data and analytics move up the HR agenda, according to research from the US Society for Human Resources Management (SHRM).
Take part in employment and human resources surveys, check on the progress of recent XpertHR research, and find out what we will be investigating over the coming months.
Practical guidance on using the pay data housed on XpertHR, including how we collect, collate and analyse the largest sample of UK pay deals, and salary survey and job pricing data.
HR and legal information and guidance relating to benchmarking.
XpertHR research surveys cover all aspects of employment practice, from recruitment strategies to exit interviews, from pay and benefits to contingency planning. The quality of our research is dependent on those organisations that regularly complete our surveys. Taking part in our surveys always entitles you to a free copy of the report.
XpertHR surveys tells you more about our research programme and allows you to register to be notified when a new survey is launched.