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Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses.

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Why We Will All Love the New HR

Visier

An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge. Largely because one of the biggest demographic changes to the makeup of the labor market is upon us — the retirement of the baby boomer generation. Why is this happening?

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[Infographic] Key Statistics For The Nursing Profession

Hppy

Millennials seem to understand this fact quite well as they are replacing the retiring nurse population. The newest statistics show that the average earnings for registered nurses and licensed practical nurses have increased from 2015 to 2016. Most nurses work for an hourly wage which on average also increased.

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Predicting Employee Turnover using R

Analytics in HR

We can see that from 2006 to 2015 this company had between 4445 and 5215 active employees, and between 105 and 253 terminations. The termination rate jumped from about 2% in 2014 to almost 5% in 2015. The data also show that many of the terminations are retirements, especially in 2006–10. library (tidyr) # data tidying (e.g.,

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Why Banking On Your Workforce Boosts Business Results

Visier

Organizations with stronger HR analytics programs have a higher return on equity. While finance and a data-driven mindset go hand-in-hand, the HR department is still building confidence in using analytics and a scientific approach to workforce management. Companies with stronger HR programs, outperform on financial metrics.

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4 Do’s and Don’ts of Implementing HR Data Science into Your Business

HR Daily Advisor

In relation to HR functions, data science is the application of data mining and data analytic techniques to people-related data. According to a report by Deloitte in 2015, 35% of companies surveyed said they were actively developing HR analytics-based strategies. Retirement Prediction Formula.

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Succession Planning by the Numbers: 3 Best Practices

Oracle HCM - Modern HR in the Cloud

Most years, 10% to 15% of global corporations replace their top leaders because of resignation, dismissal, retirement, or health problems, and in 2015, more than 16% had to replace their CEOs, according to PwC research. But today’s HR leaders have new tools available to help design successful succession planning strategies.