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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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Leveraging Data for Healthcare HR Success

Precheck

Leveraging Data for Healthcare HR Success Feb. Healthcare organizations are ramping up their use of data technology. In a field where competition for qualified talent is fierce, HR data can provide a vital glimpse into how your people processes impact employee experience and engagement. Prioritize Data Sets to Collect.

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

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Q&A: What’s Visier NOW & How It Solves Urgent Issues Like Turnover & Achieving Diversity Goals

Visier

The need for quick access to answers to help business leaders face these challenges ASAP is immense, and here are just two reasons why: Turnover is ridiculously expensive: According to Gallup’s 2021 State of the Global Workplace Report , replacing workers requires one-half to two times an employee’s annual salary.

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The Hospitality HR Balancing Act: Personalization at Scale in a High-Turnover Industry

Hppy

In a sector notorious for high turnover, how can HR departments personalize the employee experience to drive engagement and retention? Today’s hospitality workforce is a tapestry woven from diverse generations, each with unique needs and expectations. Data analysis can reveal trends and inform targeted interventions.

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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?

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Mastering Talent Acquisition and Retention in 2024: A Holistic Approach

EmployeeConnect

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Negative reviews about work culture, diversity, or employee treatment can deter potential candidates.