The Problem

In a shifting market, organizations often lose focus on their long-term strategies in favor of the practical business tactics necessary for maintaining daily operations. Many organizations are concerned about meeting their future staffing needs, due to an aging workforce or factors such as planned investments in a clinical capacity. Organizations that use a data-driven approach to decision making are more likely to achieve their strategic objectives. The value proposition of metrics and analytics can be substantial, consisting of both hard dollar and strategic savings. By optimizing data stored in the Blackcoffer data management solution, the Payroll Analytics tool uses existing daily processes to provide invaluable analytics intelligence across the industry spectrum. Analytics are most meaningful when delivered as part of regular business practices.

Basic (USD 5999)

Metrics Covered

  • Recruitment
    • Parameters
      • Cost Per Hire
      • Hiring Fill Rate
      • Offer Acceptance Rate
      • Channel-wise Employee Recruitment
  • Training & Development
    • Parameters
      • Training Cost per Employee
      • Training Hours per Employee
  • Diversity & Compliance
    • Parameters
      • Gender
      • Disabilities
  • Costs
    • Parameters
      • Average Salary across departments
      • Cost of Benefits
      • Cost of Contractual/ Permanent Employees

Advance (USD 10999)

Metrics Covered

  • Recruitment
    • Parameters
      • Cost Per Hire
      • Hiring Fill Rate
      • Hiring Cycle Time
      • Probation Time Termination Rate
      • First Year Turnover Cost Rate
      • Offer Acceptance Rate
      • Channel-wise Employee Recruitment
      • Training Cost per Employee
      • Training Hours per Employee
  • Training & Development
    • Parameters
      • Training Cost per Employee
      • Training Hours per Employee
      • Training Effectiveness Index
      • Training Efficiency
      • Goals and Targets Achievement
  • Diversity & Compliance
    • Parameters
      • Gender
      • Disabilities
      • Civil Status
  • Absenteeism
    • Parameters
      • Absence Rate
      • Absence Rate across departments & Managers
  • Costs
    • Parameters
      • Average Salary across departments
      • Cost of Benefits
      • Cost of Contractual/ Permanent Employees
  • Performance Management
    • Parameters
      • Average Performance Rating across departments
      • Employee Failure Rate
      • Training of failed employees
      • Termination Rate of Failed Employees
  • Employee Retention
    • Parameters
      • Voluntary/Involuntary Termination Rate
      • Average Retention Period
      • Average Tenure
      • Voluntary Termination by reason

Pro (USD 15999)

Metrics Covered

  • Recruitment
    • Parameters
      • Cost Per Hire
      • Hiring Fill Rate
      • Hiring Cycle Time
      • Probation Time Termination Rate
      • First Year Turnover Cost Rate
      • Offer Acceptance Rate
      • Channel-wise Employee Recruitment
      • Manager Satisfaction with New Hires
  • Training & Development
    • Parameters
      • Training Cost per Employee
      • Training Hours per Employee
      • Training Effectiveness Index
      • Training Efficiency
      • Goals and Targets Achievement
  • Diversity & Compliance
    • Parameters
      • Gender
      • Disabilities
      • Civil Status
  • Absenteeism
    • Parameters
      • Absence Rate
      • Absence Rate across departments & Managers
  • Costs
    • Parameters
      • Average Salary across departments
      • Cost of Benefits
      • Cost of Contractual/ Permanent Employees
  • Performance Management
    • Parameters
      • Average Performance Rating across departments
      • Employee Failure Rate
      • Training of failed employees
      • Termination Rate of Failed Employees
  • Employee Retention
    • Parameters
      • Voluntary/Involuntary Termination Rate
      • Average Retention Period
      • Average Tenure
      • Voluntary Termination by reason
  • Employee Satisfaction
    • Parameters
      • Job Satisfaction
      • Compensation Satisfaction
      • Net Promoter Rate
      • HR Department Satisfaction Rate
      • Work/Life Balance
      • Management Effectiveness
      • Average Employee Complaints
  • Key Employees & Performers
    • Parameters
      • Key Employees/ Performers
      • Key Employee Satisfaction Rate
      • Key Employee Retention Rate
      • Key Employee Cost Rate
      • Training Efficiency
      • Goals and Targets Achievement
  • Productivity
    • Parameters
      • Revenue per employee
      • Profit per employee
      • Salary Increment Vs. Revenue Increment

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