ICYMI: What Went Down on the First Day of Convergence 2015

Cornerstone On Demand

And this starts with learning about the latest innovations, tools and trends in talent management: from collaborative learning to predictive analytics to mobile-friendly apps and more. — Kristen Casalenuovo (@elearninghustle) May 13, 2015. — Sarah Brennan (@ImSoSarah) May 12, 2015. Another hot topic in the HR world is predictive analytics: using historical data to predict future workforce trends. — Future Knowledge (@FutureKnowledge) May 12, 2015.

4 Ways HR Analytics Can Improve Workplace Diversity

Cornerstone On Demand

Using big data for HR (predictive analytics, talent analytics, HR analytics and human capital analytics) may be the solution to cutting out discrimination and bias while fully embracing the demographic shift. HR analytics is not simply about raw data; it's about what insights that raw data can provide to answer questions relevant to your staff. Talent Management Big Data Predictive Analytics Diversity Talent ManagementThe U.S.

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Compensation Planning Automation

HRsoft

Compensation planning plays a pivotal role in ensuring that your employees remain motivated to work for your company. Your best performers are always looking for the next best company where their talents can be better recognized and compensated for. A good compensation plan not only rewards them adequately for their performance, but also lets them know that your organization is the best place for them to continue shining. Traditional Compensation Planning.

People Analytics Indispensable?

Spark Hire

People analytics has become an indispensable tool for today’s modern human resource experts. As more organizations race to implement a successful analytics strategy, people professionals are working hard to avoid making errors in a process that has the capability to make ground breaking differences in the organizational makeup of a business. People analytics, a strategy that has been evolving over the last several years, has the potential to change the way HR will work.

How ConAgra Foods Drove HR Transformation With Analytics-Driven Planning

Visier

First, one has to get an accurate inventory of all the people, the locations in which they work, their job levels and the attendant compensation, accrued vesting in pensions, equity and other benefits, span of control, levels and titles, managers and supervisors. With our solution, they could provide a self-service analytics resource for HR, finance and operations. The post How ConAgra Foods Drove HR Transformation With Analytics-Driven Planning appeared first on Visier Inc.

Recruiting Best Practices- Your Technology and You

HRchitect

Organizations need to be allowed to recruit for highly compensated positions while keeping key data that is important for that selection process confidential. Metrics and Analytics. He joined HRchitect in March 2015. News Tech Trends analytics Bob Compagnoni compliance data security HCM HRchitect metrics recruiting Salary Talent Management time to hireWritten by: Bob Campagnoni.

Creating Strategy and Being Strategic Aren’t the Same Thing

HR Bartender

There are many different kinds of business strategies – marketing strategies, compensation strategies, recruitment strategies, social media strategies, even strategic plans. For business professionals, this means relying less on gut instinct and more on analytics. (Editor’s Note: Today’s post is an excerpt from my book, “ Essential Meeting Blueprints for Managers.” The book is available on Amazon in hard copy and Kindle , in the iTunes store, and directly from the publisher.”.

What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

The difference is the depth of the research, the speed of content delivery and where the author’s compensation ultimately comes from. What do you see as the top issue facing human resources in 2015? There is a lot of talk about workforce analytics and big data but I think you have to do this strategy and planning work first and some of the data you need for this is just not that complex and hidden.

Are Your Sales Compensation Plans Just Experiments?

Compensation Cafe

It looked at the compensation plan of a large U.S. They’ve also improved commission plan design because they can use analytics to estimate the consequences of what will happen if certain variables change. Compensation professionals can and should have input. . Compensation Philosophy Sales Compensation

Compensation in the Human Workplace

Compensation Cafe

Here's the question that seems to be at its core: Have we in the people field become too enamored with technology, with analytics, with transactional efficiency, etc. Not sure that this question is top of mind for those of us in the compensation space, though. Still trying to get your head around the people part of compensation? First thing you have to know is that Everything You Do (in Compensation) is Communication. Data is data. Humans are humans.

Rising Wages: Time to Know Your Total Cost of Workforce (TCOW)

Visier

To do this you need access to your data, and the right combination of business acumen and analytic capability in your team. Yes, TCOW is more than just your total compensation figures. This is how modern analytic solutions, where domain expertise is embedded in the technology, are a huge benefit to HR. Through integrating your analytic work with workforce planning scenarios, you can create projections of what the change will cost this year, next year and beyond.

Investigating Talent Analytics

Oracle HCM - Modern HR in the Cloud

HR Leaders Must Become Proponents of Talent Analytics to Drive Business Results. One tool HR is increasingly turning to is talent analytics – tying workforce data to real business outcomes. Most organizations are just starting to use data analytics. More than a third of companies actively use analytics to develop talent, predict performance and forecast workforce trends, but only 15 percent of companies feel they have strong capabilities in this area. By Jeff Haynes.

Are We There Yet: The State of Digital Marketing and Data Adoption

The Aristocracy of HR

I will receive compensation for this post. Business Cybersecurity Data and Analytics Digital Marketing Featured Technology #TAOHR 2016 Are We There Yet: The State of Digital Marketing and Data Adoption Big Data. 000150000010Campaign/FTC disclosure: This is a sponsored post. I only work with companies I feel have great products, services and offerings.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

In August 2015, the need for more workforce diversity was spotlighted in a big way when President Obama issued a call to action to technology companies, encouraging them to hire more women and minorities by implementing the Rooney Rule. Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs.

Counter-Offers: Know When to Hold’em or Fold’em

Visier

Instead of accepting an intuition-based decision, consider taking an analytical approach: by accessing the employee’s detailed work records and performing comparisons against like employees and employee groups, you can make better decisions based on evidence. Compare peer and employee group compensation levels. This will help you determine whether you are paying this person fairly within your own compensation framework.

The HR Leadership Revolution — Will You Thrive?

Visier

A February 2015 study — conducted by Harris Poll on behalf of Visier — surveyed 301 corporate executives at companies with revenue of $1 billion or more across America and asked about sought-after HR leadership skills. Informed business executives know that talent has the upper hand in today’s market (hiring, new job creation, and voluntary turnover are all at 5-year highs, according to the BLS Job Openings and Labor Turnover Survey released in February 2015).

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Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

If you see that a number of people within this group have low engagement scores, you can follow up to determine what is causing the issue, whether it’s career development opportunities or compensation, and target your investments appropriately. Workforce Intelligence 101 datafication of HR employee engagement HR leadership advice workforce analytics workforce planningE mployees raising a publicized stink with the union over your rewards.

Managing Internal Equity While Appropriately Rewarding Top Performers

Something Different

Much of this stuff has been visited in many other pieces across the web over the years, but the following quote on the Company’s approach to compensation was new to me: Once someone actually gets into Google, Bock said his department also looks at compensation differently. I am aware of the advanced analytics movements that have taken hold of professional sports over the course of the last several decades… I’m just using a figure of speech.

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Why Does It Appear That Bad Training Works?

Cornerstone On Demand

In this age of big data and analytics, many sales programs attempt to link training efforts to performance. Such external forces may also be, but are not limited to, an employee’s positive sentiment based upon managerial care, associated compensation programs. Does this sound like you? You are a manager. You’re looking for new and innovative ways to build your organization to perform at higher standards.

5 Steps for HR Pros to Become Business Leaders

Cornerstone On Demand

Compensation says the director insists on paying below market. To increase satisfaction, you need to re-evaluate your compensation strategy, and pay above market rate for top talent. In our sample case, you should work closely with the struggling director on compensation strategy. Let's say you implement the new compensation strategy. Strategic human resources. An oxymoron perhaps? What does "strategic HR" really mean?

18 Popular Articles for Strategic HR Pros: Your Back-to-Work Reading List

Visier

HR topics like workplace culture, compensation, and diversity often go viral. Geeks Arrive in HR: People Analytics is Here , by Josh Bersin, founder and principal at Bersin by Deloitte, Forbes.com. How Analytics is Changing People Management , by Bernard Marr, founder and CEO of the Advanced Performance Institute, LinkedIn.com. HR News & Trends hr trends recruitment retention workforce analyticsAmazon’s alleged “bruising workplace.”

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Why Experienced Managers Make Bad Talent Decisions

Visier

This post will cover the science behind faulty decision-making, and tips for adopting a more analytical approach as a way of overcoming cognitive biases. As Ian Cook describes in this blog post , instead of jumping to conclusions that turnover is running rampant due to compensation or other reasons , this is an opportunity to engage in more analytical thinking. It seems no one in HR has escaped the story of Moneyball: The Art of Winning an Unfair Game.

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The Employee Engagement Hoax? What Every HR Professional Needs to Know

Visier

Deloitte’s Global Human Capital Trends 2015 report rated culture and engagement as “the most important issue overall, slighting edging out leadership (the No. 1 issue last year)” in 2015. Is it promotions, compensation, manager effectiveness, tenure, or some other more obscure factor? The problem is that this data is locked away in siloed HR systems that have little to no analytic ability. This is where workforce analytics comes in. .

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

Must-have manager effectiveness metric #4: Direct compensation variance from plan. How to get it: This analysis requires the ability to integrate and align your planning and analytics work. Here is how to calculate the direct compensation variance from plan: Align your planning and analytics to use the same basis for modelling people costs (e.g. direct compensation for both includes base pay, variable pay, supplemental pay, etc.).

The Expanding Roles of the CFO

DATIS

Within HR, these new responsibilities include compliance, compensation, benefits plans, and recruiting. Additionally, HR now manages a myriad of workforce analytics that can help organizations become more strategic by reducing turnover, increasing productivity, and decreasing labor costs. This DATIS Blog was written by Carley Donovan, DATIS , on October 28th, 2015 and may not be re-posted without permission. The CFO position is incredibly diverse and constantly changing.

Asked and Answered * Decoupling Performance Reviews and Compensation

Compensation Cafe

In my last post , I tackled the topic of decoupling the traditional formal performance review from compensation, asking why we hold onto old systems we are fairly confident do not work. My team recently participated in a group discussion at the NYC HR Analytics Meet-up, and witnessed a live debate between HR professionals at companies ranging in sizes. I expect deep, provocative and insightful thinking from the readers of this blog – and you do not disappoint.

From Healthcare Worker Engagement to Patient Satisfaction: Your Six-Step Guide to Building a Service-Value Chain

Visier

A patient experience measurement, performance analytics and strategic advisory solution, such as Press Ganey Insight , uses well known measures such as the Net Promoter Score to reveal how satisfied patients are with the service they receive. For example, if feedback about rewards is negative for a work unit that is getting poor performance scores from patients, is there something that can be adjusted in terms of compensation?

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15 HR Analytics Case Studies with Business Impact

Analytics in HR

It is time that HR analytics starts to show the value it delivers to the business. This is hard to do as people analytics is still an emerging field. For this article, I have collected 15 of the best HR analytics case studies I’ve come across in the past two years. Quite a few case studies have come from the excellent Strategic Workforce Analytics report by Corporate Research Forum. 15 HR Analytics Case Studies. People analytics also helped E.ON

This is What Talent Management Will Look Like By The Year 2018 — Are You Ready?

Visier

This is partially because of the way talent management has evolved into multiple data silos (each function — such as compensation, recruitment, and benefits — has its own set of transactional data that typically can’t be linked with other systems). In fact, a recent Boston Consulting Group report on HR excellence states that: “Our experience has found that data-driven, analytical HR departments are more likely to play a strategic role in their organizations.”.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

Must-have manager effectiveness metric #4: Direct compensation variance from plan. How to get it: This analysis requires the ability to integrate and align your planning and analytics work. Here is how to calculate the direct compensation variance from plan: Align your planning and analytics to use the same basis for modelling people costs (e.g. direct compensation for both includes base pay, variable pay, supplemental pay, etc.).

The Difference Between Being a Generalist and a Strategic HRBP

Something Different

Be it recruiting, employee relations, workforce planning, guidance of labor law and compliance, compensation review, performance management, training and development or any other number of responsibilities that fall under their umbrella, Generalists are very good at executing on the items currently on their people agenda. It’s more than generating reports – its prescriptive analytics.

Andy Campbell on HCM, Data Analytics and Performance Management

Oracle HCM - Modern HR in the Cloud

Andy has years of experience and knowledge in such areas as HCM, SaaS, Modern HR, Talent Management, Talent Analytics, Big Data, Operational Excellence, Innovation, Creativity, Employee Engagement and Business Change. Predictive analytics and big data are often discussed; the market is still somewhat immature, yet the potential is huge. What is your advice on the best ways to reaping the benefits of analytics in the field of performance management?

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

If you see that a number of people within this group have low engagement scores, you can follow up to determine what is causing the issue, whether it’s career development opportunities or compensation, and target your investments appropriately. Workforce Intelligence 101 datafication of HR employee engagement HR leadership advice workforce analytics workforce planningEmployees raising a publicized stink with the union over your rewards.

Building a business case: How to convince your company it’s time for a social recognition program

Achievers

You need to get buy-in from your executives, compensation managers, IT, and people leaders before you can introduce new technology. Compensation managers are concerned about cost and analytics. By now, you’ve heard the news: employee engagement is a huge challenge for the modern workforce. As a result, businesses are dealing with high turnover rates, absenteeism, low performance numbers, and loss of customers.

How to Connect your Engagement Survey Results to Business Outcomes

Visier

True analysis requires the ability to combine different metrics, different statistical processes, and different ways to share and display the data so that “analytic stories” – ones that answer critical business questions – can be told. Read more on this topic: Product Update: Visier Connects Employee Engagement Results with Turnover, Performance, Compensation, and Other Data, Delivering Impactful New Insights.

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Connecting People: How Cisco Used Social Recognition to Transform Its Culture

WorkHuman

While at HR Tech in October, Claire Gray, senior director of global compensation at Cisco Systems (a Globoforce customer), presented a session titled, “How Cisco Fuels a Culture of Innovation for Employees.”. I lead the compensation team, which is responsible for all of our compensation, bonus, stock, and recognition programs globally. There are about 25 people on the team and we do a variety of analytics, program design, consulting with the business, and program management.

What is Important in HR Technology?

New to HR

As millennials, those aged between 18 and 34, tipped the generational scale and became the majority workforce in 2015, the dependence on technology has only risen. The SHRM predicted that in 2015, European-based HR functions would “ continue to see a shift in companies running decentralized HR processes and moving to centralized HR process with automated benefits administration, ” aimed at allowing corporations to more closely assess their ROI and value. Analytics and Metrics.