VisierBenchmarks allows you to compare data about your own workforce to confidentially sourced benchmark data from Visiercustomers.
Learn about comparing data about your own workforce to confidentially sourced data from Visier customers.
VisierBenchmarks allows you to compare data about your own workforce to confidentially sourced benchmark data from Visiercustomers. VisierBenchmarks complements government-published measures such as those from the U.S. Equal Employment Opportunity Commission and U.S. Bureau of Labor Statistics—also available directly within Visier— by adding even more relevant context and timeliness.
The benchmarks that are available to employers today are often incomplete, inaccurate, and out of date because they are based on self-reported surveys that are compiled once a year. VisierBenchmarks are more reliable than surveys that rely on subjective self-reports because workforce information is collected and standardized directly from systems of record. With Visier Benchmarks, you will have access to timely and relevant comparison data.
- To get access to Visier Benchmarks, free of charge, your organization must provide its data to our Benchmarking program.
- The content available through Visier Benchmarks is subject to change based on the data that is available in Visier’s Benchmarking program. This includes availability to specific metrics, dimensions, and results.
We offer two versions of Visier Benchmarks Trends and Reports.
Visier Benchmarks Trends
VisierBenchmarks Trends should be used for trend analysis and allows you to compare your organization’s performance against an accurate measure of change in the market. These benchmarks are directly sourced by aggregating data from Visier customers. New benchmark values are generated quarterly, and the historical benchmarks are updated periodically in a new time series.
Visier Benchmarks Reports
Visier Benchmarks Reports are easy to use, annual benchmark values that allow you to make reliable point in time comparisons. Historical benchmark report values are never updated, and new benchmarks are generated annually from the Visier Benchmarks Trends dataset. We use interpolation to fill in missing values in the data to simplify their usage.
What is included in the benchmarks?
Visier Benchmarks will include workforce metrics that businesses care most about such as resignation and promotion rates. You will be able to compare your metric results across dimensions like performance groups, tenure ranges, manager statuses, age, diversity, and locations. You can explore an industry benchmark value calculated for your specific industry or an overall benchmark value calculated across all industries.
What is the source of the benchmark data?
Visier Benchmarks use data that is sourced directly from Visier customers. Visier Benchmarks data comes from large organizations, ranging from thousands to hundreds of thousands of employees across a span of industries, making them more relevant comparison points for large employers than government data, which can come from organizations with as few as 50 employees.
How are the benchmarks calculated?
To calculate a Visier Benchmark value, we collect and aggregate the HR metric values from all customers in the benchmark program. It is important to understand that a good benchmark is an average across employees, not companies. Calculating a benchmark as an average across companies can lead to results where one company has an undue influence on the benchmark value because they have much fewer employees than the other companies included in the calculation. The Visier Benchmark is a weighted average across companies, where the employee headcount of each company is a weight factor. The benchmark value is equal to the metric value calculated from a virtual superset of employee records (the combination of employee records from multiple companies). Therefore, the sample size for our benchmarks is the cumulative employee count across our customers. This approach allows for a true comparison of the employee population that is being analyzed.
How accurate are the benchmarks?
All values that are published for Visier Benchmarks Trends meet the following quality control requirements:
- The benchmark value is calculated from a sample of at least 500 employees.
- The benchmark value is calculated from employees of at least 5 organizations. The total employee population cannot be comprised mostly of employees from one organization.
- The confidence interval, using the full sample, around the benchmark value is small.
- The confidence interval, using a statistically varied sample of companies, around the benchmark value is small.
Note: We take the published data from Visier Benchmarks Trends and use interpolation to fill in the missing values to produce Visier Benchmarks Reports.
Are the benchmarks secure and confidential?
Yes. The confidentiality of the data that is the basis of benchmarks is of key importance. At Visierwe use advanced techniques called Statistical Disclosure Control (SDC) to ensure that no confidential information is made public through VisierBenchmarks. We base our SDC methods on the robustly tested methods used by European statistics agencies. We protect Visier Benchmark data so that information about one specific company can never be extracted. This security applies to every dimension across which benchmarks can be compared. We do not publish a benchmark data point if too few companies contribute, or the data is overly dominated by large companies. We also ensure that none of the benchmarks that are published could be used to recalculate these hidden values.
How do we classify organizations into specific industries?
Visier maps organizations to industries based on their North American Industry Classification System (NAICS) code.
- Our industry classes do not necessarily align with the NAICS sectors.
- Organizations may be classified in more than one industry.
The currently supported industries are:
Example: Industry – Subindustry
- Accommodation and Food Services – Accommodation, Food and beverage services
- Financial, Insurance, and Real Estate – Banking, Insurance, Administrative and Support Services
- Healthcare – Hospitals and Ambulatory Healthcare, Nursing and Residential Care Facilities, Social Assistance
- High Tech – Traditional Information Services, Internet Services, Telecommunications, Professional, Scientific, and Technical Services
- Manufacturing – Consumer Good Manufacturing, Natural Resource Manufacturing, Chemical Manufacturing, Computer, Electrical Equipment, and Appliance Manufacturing, Other Manufacturing
- Other Services – Activities of membership organizations
- Retail, Wholesale, Transportation, and Warehousing – Retail, Wholesale, Transportation and Storage
How do we classify organizations according to company size?
Visier maps organizations to a company size category based on employee headcount.
Use the following table to determine which company size category your organization belongs to:
Example: Category – Description
- Enterprise – Organization has 1000 employees or more.
- Small to Mid – Organization has less than 1000 employees.
What metrics do I use to make comparisons to the Visier Benchmarks
The following table lists the corresponding metric you should use to compare your data to the Visier Benchmarks.
Example: Visier Benchmark – Comparison Metric
- Headcount by Age – Headcount Ratio
- Headcount by Ethnicity – Headcount Ratio
- Headcount by Job Function – Headcount Ratio
- Headcount by Tenure – Headcount Ratio
- High Performance Ratio – Headcount Ratio – High Performer
- Manager Ratio – Manager Ratio
- Minority Ratio – Minority Ratio in US
- Promotion Rate – Promotion Rate
- Resignation Rate – Resignation Rate
- Women Ratio – Employee Ratio for Women