From the course: AI and Data-Driven Decision-Making for HR
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HR data benchmarking
From the course: AI and Data-Driven Decision-Making for HR
HR data benchmarking
Let me tell a story about a story. In this story, imagine you're in a meeting trying to convince your leadership team to invest some major dollars in a new program for improving employee satisfaction. You can either start off talking about the project, show a few slides, and then rattle off the list of features your vendor provided. Or you could start by sharing a story about how a company in your industry implemented a similar program. You tell them, after launching their employee satisfaction initiative, the company saw a 10 percent improvement in engagement scores. But here's the kicker. That 10 percent boost in engagement translated to a 20 percent increase in overall productivity within six months. It seems pretty obvious to me which approach would be more likely to get people's attention. But the point of this story is to use data to tell stories, and benchmarking is one of the best ways to generate this data. Think of benchmarking as a compass that helps you navigate your HR…
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