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Recruiting Best Practices- Your Technology and You

HRchitect

This confidential data is stored in the system and can be used by management in creating metrics to ensure that recruiting process allows your organization to make the best possible selection and promote diversity. 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. Written by: Bob Campagnoni.

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

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers? Must-have manager effectiveness metric #2: High performer resignation rate.

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

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers? Must-have manager effectiveness metric #2: High performer resignation rate.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. Benefits and Metrics.

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. Here are a few demographic metrics you should be monitoring: 1.

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.

HR Metrics Survey—What’s Being Measured These Days?

HR Daily Advisor

Metrics and analytics, along with the hypotheses drawn from them, are having a great impact on how decisions, big and small, are made—including in the field of human resources. So, what’s happening with HR metrics out there? We’ll get answers to these questions and more: Which metrics are being maintained relating to HR departments and their functions? What sort of metrics are being used for hiring? For compensation?

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

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

Visier

How to Link Workforce Metrics With Business Outcomes, Part Three . 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. Back in 1747 Scottish physician James Lind finally put an end to the age-old “what-treats-scurvy” debate: is it cider? seawater? vinegar?

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

Visier

While talent management is viewed as an urgent priority, knowledge about the workforce is typically limited to isolated metrics, such as time-to-fill for vacant positions. 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).

How to Connect your Engagement Survey Results to Business Outcomes

Visier

And for a long time engagement scores have been the go-to metric that HR teams use when they need to demonstrate their impact on business results. These are tools that simply monitor isolated metrics. 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.

Survey 101

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

Most HR departments aren’t that advanced yet, but the ones that are taking analytics seriously will have a huge advantage over their competitors. The future of HR metrics is predictive, but that’s not fully ready yet. As HR teams start to get better with their people analytics, everyone in the company will share the responsibility of measuring and optimizing these numbers. How can we change our compensation process? Predictive HR metrics.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

Most HR departments aren’t that advanced yet, but the ones that are taking analytics seriously will have a huge advantage over their competitors. The future of HR metrics is predictive, but that’s not fully ready yet. As HR teams start to get better with their people analytics, everyone in the company will share the responsibility of measuring and optimizing these numbers. How can we change our compensation process? Predictive HR metrics.

Analytics Is a Key Ingredient in HR’s Business Impact—But It's Not the Whole Recipe

Cornerstone On Demand

This includes a dashboard illustrating year-to-date results for hiring, diversity, attrition and compensation. Every department communicated their achievements, failures, and plans of action based on predictive analytics and created forward-thinking strategies — but HR simply gave a historical recap of what has already happened with little insights into what could occur. In addition, 77 percent of organizations around the world believe people analytics is important.

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

Visier

While talent management is viewed as an urgent priority, knowledge about the workforce is typically limited to isolated metrics, such as time-to-fill for vacant positions. 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).

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

These books can change your career: People Analytics and HR-Tech reading list. This list of People Analytics books is not exceptional. So here is my People Analytics reading list on Kindle, ordered chronologically, from newest to oldest. People Analytics & Text Mining with R. This book teaches you R (open-source programming language), People Analytics, Text Mining and Sentiment Analysis. Data-Driven HR: How to Use Analytics and Metrics to Drive Performance.

Better Business Through Workforce Analytics

SAP Innovation

How much more revenue could sales teams generate if they had the precise combination of training and compensation they need to do a better job? According to Peter Howes , vice president of Workforce Planning and Analytics at SAP , workforce analytics has the power to solve business problems like these and more. I recently talked with Howes about how human resources (HR) can and should use predictive analytics for the advantage of the business.

Relying on Traditional HR Will Lose You the Analytics Talent Race

Analytics in HR

The war for talent is raging across industries and countries, and nowhere is the fight more intense than in data science and analytics. The reality: traditional HR struggles to fulfill the analytics remit. Even the most apt HR teams are already struggling to fulfill their analytics remit. According to a recent survey of analytics professionals, these approaches can create a number of barriers to success, including: 1. Analytics News & Blogs

HR Tech Trends to Watch in 2016

HRExecutive

Case-in-point: Contrast the take-up of mobile HR technology with that of predictive HCM or people analytics. the ability to properly interpret and analyze data and build related frameworks in the case of people analytics adoption; and ability to expertly market a “case for change” if an HR transformation effort is in order. Sierra Cedar recently found that 39 percent of organizations were now involved in some form of talent-management analytics.

Real-Time Performance Appraisal: 6 Free Tools to Gamify Your Performance Reviews

Capterra

Especially since the subtext of the whole thing is, “What level of compensation will be awarded next year?”. Free for up to 1,000 monthly requests, this Brazilian-based gamification platform includes a dashboard to create and track badges, points, and levels, as well as detailed metrics and analytics. Features in the free version include 10 custom badges and eight levels, basic analytics, and activity and leaderboard functionality.

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Looking for HR – Or Any – Job Security? Try Analytics

SuccessFactors

CEOs are already bringing in executives from marketing, operations, or finance – disciplines that have been using data and analytics for years to drive their operations and outcomes – to lead HR. According to recent research from Deloitte , 71% of companies think HR data analytics is an organizational priority, but fewer than 1 in 10 report having usable data. Still skeptical about whether HR needs to catch up and the importance of analytics in corporate life?

HR Must Modernize to Meet New Employee Demands

Oracle HCM - Modern HR in the Cloud

Successful companies are increasingly turning to data analytics to recruit talent from the outside or develop people from within. Big data and predictive analytics were big topics of conversation among business leaders last year. When HR starts using data analytics, they often focus on spreadsheets and static reports. All of those things come together when analyzing a compensation plan. How should HR leaders get started using analytics? By Rick O'Herron.

Prepare Your Questions For #HRTechWorld and #HRTechConf

In Full Bloom HR

For 2015, I’ve done a thorough update and added more of my own thoughts on the answers to these questions. But please note: if you plan to embed predictive analytics, calculated on the fly across a wide range of HRM processes and delivered “point of sale” to decision makers along with the related and actionable advice, you’d better ensure that all of these are resting on a common object model, with a common approach to effective-dating etc.

10 Ways to Create an Employee Engagement Culture

Kazoo

You’re probably familiar with many of the proposed tools and techniques: surveys, analytics, rewards, perks, culture boosters, and more. When you’re looking at how to engage employees, start out by offering competitive compensation, benefits, and reasonable working conditions. Founded in 2013, Kazoo grows company culture and improves bottom-line performance metrics through its robust engagement platform that delivers recognition, rewards, incentives, and team insights.

Lessons from our research: Ways to build a diverse, inclusive organization

HR Times

Posted by Josh Bersin on December 17, 2015. We just completed a two-year research study (our 2015 High-Impact Talent Management research ) and the results are profound: among more than 128 different practices we studied, the talent practices that correlate with the highest performing companies are what we call building an “Inclusive Talent System.” Global Human Capital Trends 2015 Explore the trends.

Reporting vs Analytics in HR: 5 Things HR Leaders Need to Know

Paycor

Since 2015, there has been a 242% increase in HR and hiring professionals listing data analysis among their skills on LinkedIn. But while 73% of companies say it will be a priority over the next 5 years, more than half of companies still require help with even basic HR analytics, starting with understanding exactly what it means. HR Analytics Is More than Just a Fancy Word for Reporting. Reporting is about the what ; analytics is about the why. Analytics is Dynamic.

How to Achieve Talent Management Excellence in Your Organization

Oracle HCM - Modern HR in the Cloud

Fragmented HR processes: Areas such as hiring, onboarding, performance management, learning management, and compensation and reward are often compartmentalized, with no one looking at the overall view across processes. Integrated analytics helps HR executives get a view on performance metrics quickly, so that they can spend more time identifying root causes (for instance, compensation or lack of training) of performance issues and look for patterns across data.

A New HR Talent Management Model

Digital HR Tech

Topics include retention, happiness, and compensation and benefits. . How will you compensate your employees to ensure that they’re happy? Compensation is, of course, not always financial. In addition, a good retention policy – and the use of talent management metrics – helps to build a competitive advantage. Related : 9 Talent Management Metrics You Need to Use.

Top 3 Workforce Risks In Financial Services

SAP Innovation

While 47 percent of financial services employees receive ample training on workplace technology, only 33 percent have access to the latest innovations like analytics and cloud. In three years, only 27 percent of employees expect proficiency in cloud and 47 percent expect to gain skills in analytics. Sixty-eight percent of employees say competitive compensation is among the most important benefits to them but only 40 percent of companies say they provide it.

HR Meets Technology: 10 Facets Of Culture

SAP Innovation

It’s not like the massive shift from virtual punchcards and e-forms to cloud-based applications and analytics. The ability to execute serious power lifts using the fact-based, predictive framework of analytics, the cloud, and big data has changed the outside’s understanding (and perception) of what HR is capable of. Back to analytics here. times more likely to train for analytics skills and 5 times more likely to hire analytics professionals – including talent analytics.

How HR Can Tackle Diversity Using the Rooney Rule

Visier - Talent Acquisition

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. Diversity metrics that support Rooney Rule initiatives.

Why Are We Afraid To Measure The Value Of Employees?

SAP Innovation

The trouble is, the only way HR can demonstrate its relevance is by speaking the language of the business, which revolves around metrics. The challenge is it takes a specialized set of analytical skills that are often in short supply.”. We need more work that links different HR metrics together so the rating helps predict the future ability to achieve business goals.”. What happens is people start using compensation levels as the sole measure of performance.

The New Workforce Gender Equity Factors HR Needs to Watch

Visier

Gender equity is an issue of incredible focus and debate for employers and lawmakers, particularly when it comes to compensation. Establishing an equitable pay policy is an important step forward, but the gender pay gap is more than a compensation issue. If we don’t find a way to make 50% of the workforce equally compensated and equally valued, it’s going to be difficult for us to progress at the rate we need to.”. People Analytics Best Practices

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3 Ways Data Shapes the Talent Strategy at Tesla, Chevron, and LinkedIn

Linkedin Talent Blog

The head of Talent Acquisition at LinkedIn, Brendan Browne , is quick to admit that using data and talent analytics has completely changed the way his department is perceived by the business. Thanks to talent analytics, Brendan’s team went from under-resourced purple squirrel hunters to trusted and indispensable advisors. In Will’s words, talent analytics strives to be “HR’s nerdy best friend.” LinkedIn taps into talent analytics to increase employee retention.

Here’s Why Companies Need to Rethink Employee Experience

Reflektive

Research from Deloitte in 2015 found that companies are no longer buying into the myth that a 100-question employee engagement survey will drive positive business impact because these surveys aren’t actionable. With increasingly advanced analytical technology, employee experience programs that don’t offer actionable progress just don’t cut it. Every company wants to create a culture that inspires employees to do the best work of their careers.

Human Resource Reports: Your Key to the C-Suite

Paycor

According to a 2015 Economist Intelligence Unit survey , 82% of organizations are expected to start or increase their use of HR-specific analytic data to inform business decisions by the end of 2018. Can HR Analytics Predict The Future? According to research conducted by the Economist Intelligence Unit, workforce analytics provides the key information about talent needed to inform current and future business strategy.