Compensation programs need to adapt to these different stages as companies grow and evolve. For example, compensation plans needed for start-ups are very different compared to those needed for mature companies. Let’s see how the various stages impact compensation. . Compensation : Salaries are limited as companies are not flush with cash. There is no formal compensation program. Compensation : There a rapid growth in the number of employees. MORE

The book covers the full People Analytics scope (Benefits, Compensation, Culture, Diversity & Inclusion, Engagement, Leadership, Learning & Development, Personality Traits, Performance Management, Recruitment, Sales Incentives) with numerous real-world examples, and shows how R can help”. Artificial Intelligence for HR: Use AI to Support and Develop a Successful Workforce. Data-Driven HR: How to Use Analytics and Metrics to Drive Performance. Alec Levenson (2015). MORE

For 2015, I’ve done a thorough update and added more of my own thoughts on the answers to these questions. Given my already stated plans to wind down my consulting practice, I’ve clearly stepped over the “trying to be ecumenical line” and cast caution to the winds with my answers to some of these questions. This is one of the central questions addressed in any competent strategic HRM and HRMDS planning effort. MORE

If you asked the managers, they’d guess compensation—but the data pointed to a different reason. Turning to an employee viewpoint survey (EVS) from September 2015, LinkedIn’s talent analytics team saw that about one in four workers hadn’t had a meaningful conversation with their manager about career development in the last six months. The team’s mission is to “support Chevron’s business strategies with better, faster workforce decisions informed by data.” MORE

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. Don’t take metrics at face value. Metrics don’t segment or correlate the data. Related post: How Companies are Using Workforce Analytics. MORE

In 2015, a mobile gaming company hired an ex-Wall Street quant to manage analytics recruiting. In 18 months, she more than doubled the size of the team. · Practice what you preach – by using analytics within the HR function, including candidate profiling, attrition prediction, and workforce planning. The war for talent is raging across industries and countries, and nowhere is the fight more intense than in data science and analytics. MORE

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately. MORE

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately. MORE