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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. You can use KPIs to measure the effectiveness of specific aspects of your human resources department, such as hiring, onboarding, retention, and company culture.

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The Employee Retention Maze: Unraveling the Challenges for HR Managers

EmployeeConnect

One persistent challenge stands out as a formidable hurdle for HR managers: employee retention. This blog explores the problem of high turnover rates and the multifaceted challenge of retaining valuable employees. High turnover rates signal deeper issues within an organisation, often resulting from a combination of factors.

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Top 15 Tips to Track Payroll Metrics

HR Lineup

Payroll management is a critical aspect of any business, regardless of its size or industry. These KPIs will serve as benchmarks for measuring the effectiveness and efficiency of your payroll processes. Additionally, tracking turnover costs can provide insights into the financial impact of employee churn on the organization.

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Top 5 Healthcare Background Check and Hiring Blogs from 2022

Sterling Check

Over the past few years, and especially last year, we saw the healthcare industry grapple with both new and ongoing challenges impacting the workforce. View 2022 Benchmark Report Takeaways Blog 2. Addressing employee retention can help lower costs associated with hiring and boost employee morale.

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Enhancing Talent Acquisition Efficiency: Strategies for Reducing Time-to-Hire

EmployeeConnect

This marks a peak in recruitment timelines across various industries, with an additional day tacked on in the first quarter of the subsequent year. Nonetheless, scrutinising time-to-hire enables businesses to benchmark their recruitment endeavours against industry standards, identifying any obstacles hindering talent acquisition.

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How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

First and foremost, healthcare organizations need to address problems in the work environment that can lead to employee dissatisfaction, burnout and turnover, and that starts with nursing management. Employers have to address working conditions — including staffing levels — to reduce turnover and improve retention, she says.

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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Quick look: The human resources industry has changed substantially in the last several years—a pattern that will continue in 2024. In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders.

HR Trends 101