Stage Benchmarks
These unique benchmarks are based only on 0-10 scale questions. Unlike the analysis page or dashboard, stage benchmarks will not try to aggregate different question types together for a single score.
A stage benchmark is calculated by:
Taking the average of every organizations average score on 0-10 point scale questions
Calculating a single average for all averages for each organization
Taking the overall average of the above averages
The only difference between the Industry benchmark calculation and the Global benchmark calculation is that instead of ALL organizations scores being calculated as is the case with the Global benchmark, only organizations from that specific industry will be used in the above calculation.
Survey Stats Benchmarks
Survey stats are expressed in three numbers:
First Answer Rate
Completion Rate
Response Rate
Note: Every calculation regarding the response rate is based solely on ATS integration customers.
Survey Stats Benchmarks are calculated by:
Computing the first answer rate, completion rate and response rate for each survey
Computing an averages for each of those numbers for each organization
Computing a single average based on organization averages
Note that stage-specific, industry-specific and stage-industry-specific variations of this benchmark are calculated the same way, the only difference is which organizations and which surveys are used in step 1. For example, for a stage-specific benchmark, only surveys from that stage will be used.
Global Benchmarks
The Global Benchmark is calculated by taking the average scores of every organization utilizing the Talenthub platform and then calculating the overall average to determine the Global benchmark.
It provides a comprehensive overview of the performance across all organization regardless of industry, location, or size.
Industry Benchmarks
The Industry Benchmark is calculated by considering the overall average scores of each organization in a specific Talenthub industry. This benchmark allows you to compare your data against organizations operating within the same space as yourself, thus, providing industry-specific insights into how your organization is performing within your industry.