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Marc Rind on Benchmarking: An Important Tool in the War for Talent

Marc Rind on Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor recently published a bylined article by Marc Rind, VP of Product Development and Chief Data Scientist titled, “Benchmarking: An Important Tool in the War for Talent.” It discusses how the insights generated from benchmarking can help employers attract and retain skilled talent in today’s tightening labor market. In the article Rind says, “It’s no secret we are living in a job seeker’s market. With unemployment at a 16-year low, the risk of employees considering other job opportunities is high. In fact, the ADP Workforce Vitality Report found that job switching in the U.S. during the 3rd quarter of 2017 was 27% – an all-time high. Additionally, nearly two-thirds of the global workforce is actively or passively seeking new job opportunities, according to the ADP Research Institute’s study, The Evolution of Work 2.0.” Rind also discusses that as the world of work evolves, so are benchmarking tools. He says that benchmarking was done very broadly in the past but today’s tools include a vast array of job...

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ADP’s Marc Rind on TLNT: 4 Benchmarks and What They’ll Tell You About the Business

ADP’s Marc Rind on TLNT: 4 Benchmarks and What They’ll Tell You About the Business

TLNT has published a byline by Marc Rind, vice president of product development and chief data scientist at ADP, titled “4 Benchmarks and What They’ll Tell You About the Business.” The article explores how benchmarking brings insights that answer questions HR and team leaders need to know, such as: Am I seeing higher turnover than similar companies? Am I offering the best benefits to keep my fresh, rockstar developers? Are people from my team absent too often? It also highlights how this is especially critical in today’s labor market, where job switching is at an all-time high and finding skilled talent is tough. The article explains that 61% of the workforce is either actively or passively seeking new opportunities, according to the ADP Research Institute’s (ADPRI) study Fixing the Talent Management Disconnect. Read the full article here. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share...

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