Up to 25 percent of new hires at bottom-performing organizations leave within the first year, which indicates a tremendous opportunity for better selection and on-boarding programs at these organizations. With the Reward and Retain Employees Open Standards Benchmarking Assessment, you can identify key measures and reveal core standards of superior performance that give managers the intelligence to build competitive benefits plans and compensation scales.
This assessment will help your organization better manage and execute the following processes:
- Develop and manage reward, recognition, and motivation programs
- Manage and administer benefits
- Manage employee assistance and retention
Metrics included within this assessment:
- Number of business entity employees per FTE that performs the process group "reward and retain employees"
- Personnel cost to perform the process group "reward and retain employees" per process group FTE
- Number of vacation days per year per employee
All submissions to APQC's benchmarking database, both Open Standards Benchmarking and Rapid Performance Assessments, must be collected using APQC's easy-to-use Microsoft Excel data collection instruments. Please download a fresh copy of the assessment file by clicking the “Download Survey to Start Assessment” button.
Each benchmarking assessment offers an Excel-based data collection tool consisting of the survey itself, the measures associated with the survey, the glossary terms needed to understand the survey, and a copy of the Process Classification Framework (PCF) relevant to the data collection instrument. The consolidated data collection tool is intended to simplify the collection of benchmarking data within your organization.
Once you have completed the data collection instrument, simply upload the file using APQC's secure file upload tool. Visit this URL to upload your file: https://zurl.co/8Rg92. If you are unable to connect to that web site, please contact the helpdesk for more information by sending an email to email@example.com. Please do not send privileged, confidential, or non-public data to APQC via email. Please contact the helpdesk on firstname.lastname@example.org if you have any further questions.
APQC analysts will immediately begin validation of your submission.