Industry Benchmarks Employee Attitude Survey Reporting
Employee attitude survey reporting should give you a concrete idea of how your employees feel about working for you. To know how you compare to other companies within your industry, industry benchmarks are essential.
What are industry benchmarks?
Industry benchmarks are numbers used to compare a company’s results against the industry average. To create an industry benchmark, we look at a number of different companies within the same industry throughout Canada and the US, and then compare those numbers with what we’ve gathered from the employee attitude survey we’re currently reporting on.
Why should industry benchmarks always be included in employee attitude survey reporting?
The best way to know how your company stacks up in comparison to others is through industry benchmarks. For best results, the companies chosen for comparison should be as similar to your business as possible, so you can gain something meaningful from the data.
If this is your first time conducting an employee attitude survey, it’s even more crucial to include industry benchmarks in the reporting, since you might not have access to other data that enables you to actually know how well your company is doing.
Are there other important benchmarks that should be included in employee attitude survey reporting?
Often internal benchmarks can be more useful than industry benchmarks, sometimes called external benchmarks.
Internal benchmarks are created by looking within your company to figure out the best practices for increasing employee satisfaction.
Three kinds of comparisons can be used to create internal benchmarks:
- comparisons between different branches of your company
- comparisons between one segment of your company and the company as a whole
- comparisons with data from previous years
One of the reasons for using internal benchmarking is to help you figure out which branches of your company are strongest. They can then potentially be used to mentor other branches that aren’t performing as well.
Using internal benchmarks is often the best way to track your progress throughout the years, both in individual branches of your business and in your company as a whole. These internal benchmarks enable you to see whether or not the strategies you’ve tried to increase employee engagement are actually working, and how well they’re working
Often, industry benchmarking becomes less critical once you’ve performed a number of employee attitude surveys. Keeping up with other companies might be nice, but in the end, your ultimate goal is to constantly improve your own company, so how much attention should you really pay to industry benchmarks? Once you’ve gathered data of your own from multiple years, you will have your own set of internal benchmarks to compare against.
What type of benchmarking does Flex Surveys use in its employee attitude survey reporting?
Flex Surveys includes both industry benchmarks and internal benchmarks to ensure that you always get the best results. The reasoning is simple: Flex Surveys understands that industry benchmarks give you something concrete to strive for. If your results are better than industry standards, you may even enjoy bragging rights. Even so, internal benchmarks are the sure way to really know if you’re making progress.
Proper reporting is crucial to helping you actually use the data gathered during an employee attitude survey, and both external and internal benchmarks are crucial to helping you improve employee satisfaction and engagement.
To learn more how Flex Surveys can help your organization measure its ongoing progress, please visit our website at Employee Attitude Surveys.
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