Remove 2015 Remove Metrics Remove Retention and Turnover Remove Training

The Case for Sharing — and Understanding — Human Capital Metrics

Cornerstone On Demand

Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. Think about the problem this way: A low turnover rate sounds like a good quality for any company, right?

How You Can Become a Simply Irresistible Organization

HR Bartender

The articles talk about developing outstanding products, killer marketing strategies, and focusing on metrics and numbers. A few weeks ago, I saw a post titled “ Engagement, Retention and Culture now the #1 Issues in Talent and HR.”

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. Measures of Turnover. Compensation-Related Metrics. Benefits and Metrics.

Fact or hype: Do predictive workforce analytics actually work?

Visier

So, how can you ensure a vendor’s claim to predict employee retention risks is valid? As a result, retention is a key objective for most HR organizations — understandably. In an attempt to quantify the impact of attrition, many have tried to connect turnover to business impact.

The Results of Our HR Metrics Best Practices Survey Are In!

HR Daily Advisor

The HR Daily Advisor’ s HR Metrics Survey, conducted in April 2015, sought to gain a better understanding of how metrics are being utilized in the field of human resources. Does HR use metrics to gauge its own performance as a department? Retention and turnover levels.

How Wearable Sensors Measure Employee Happiness and Productivity

Cornerstone On Demand

Even if companies believe the metrics, it doesn’t tell them why — or how to change anything. We should be able to show companies hard numbers about how that will affect outcomes like retention, performance and sales.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

The future of HR metrics is predictive, but that’s not fully ready yet. As more businesses use analytics to make decisions, HR teams are feeling the pressure to leverage big data to improve things like time to hire and employee retention. Predictive HR 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. Metric to watch: Diversity of interviewed candidates.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

The future of HR metrics is predictive, but that’s not fully ready yet. As more businesses use analytics to make decisions, HR teams are feeling the pressure to leverage big data to improve things like time to hire and employee retention. Predictive HR metrics.

The Riveting Headcount Story That Can’t Be Ignored: Bringing HR Numbers to Life, Part 2

Visier

We also had to let 120 poor performing engineers go, and 384 engineers left due to voluntary turnover, resulting in 504 exits total. But this was not enough to make up for the shortfall created by regrettable turnover. focus on training.

HR Tech Trends to Watch in 2016

HRExecutive

Personalized Engagement and Retention Plans. Letting a high-potential employee be exposed to different parts of the business might cost almost zero, but, in the end, could be a more effective engagement driver and retention hook than a larger bonus for many.

How Workforce Analytics Can Take You Beyond The Clock

nettime solutions

When applied to the HR world, workforce analytics help HR staff analyze data relating to productivity levels, performance, if training is effective, and can even predict turnover. Turnover and retention. These metrics are derived from: Performance.

What Are Employees’ Worth?

nettime solutions

Scorecards are based on a set of advanced metrics that are linked to financial results that can quantify value creation and/or destruction. Training – What is the retention rate of high performing employees before and after training?

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%.

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.

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Effective Scheduling and Tracking Will ImproveProductivity

nettime solutions

61% of organizations measure their employees’ value by the individuals skill set alone versus experience, training and education. Scorecards are based on a set of advanced metrics that are linked to financial results that can quantify value creation and/or destruction.

6 Myths (And Realities) About HR Tech You Need to Know About

Spark Hire

Once you’re familiar with the technology, then you’ll need to train your staff to use it. Here are a few common HR tech tools and the metrics you can use to better test for success: Video interviews: Video interviews are all about speed and screening.

The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

High turnover to contend with? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help. Here are all the employee retention articles and resources you’ll need to get informed, get inspired, and get going. General Employee Retention Articles.

Build the Bottom Line by Measuring and Improving Employee Engagement

FlashPoint

Metrics-driven executives become increasingly supportive of engagement efforts when they see results, so you have to show them the data. With this in mind, here are some of the metrics you can look at to determine employee engagement.

The Best Way to Prevent Bullying

HR Daily Advisor

The line between bullying and harassment is very thin, and any employee who leaves your company because he or she was bullied just might come back with a lawyer—never mind the loss in revenue due to employer turnover rates, loss of productivity, and low morale associated with bullying.

Why You Should Hire Candidates for Potential

Entelo

This isn’t to discourage recruiters from making their counter offer, but if time-to-hire is a hiring metric you’re keeping a close eye on, sticking too close to your guns to find the perfect fit can mean the position stays open much longer than expected.

Our Termination and Exit Interviews Survey Is In … How Do You Compare?

HR Daily Advisor

Employee termination and turnover are daily challenges for HR—unfortunately, you can’t retain them all! Employee termination and turnover are daily challenges for HR—unfortunately, you can’t retain them all! Turnover. report an annual turnover rate of more than 20% and 11.1%

3 Important Business Challenges You Should Tackle Now

SAP Innovation

Employee retention. However, you shouldn’t simply accept turnover as a foregone conclusion. If you aren’t doing everything you can to increase employee retention, now is the time to shift your focus.

6 Myths (And Realities) About HR Tech You Need to Know About

Spark Hire

Once you’re familiar with the technology, then you’ll need to train your staff to use it. Here are a few common HR tech tools and the metrics you can use to better test for success: Video interviews: Video interviews are all about speed and screening.

This Company Raised Their Wages And This Is What They Learned

SAP Innovation

Less employee turnover, and an increase in job applications. Turnover comes with a big price tag. One theory says salary plus an extra 150 percent on top is the metric. Are you doing enough training? One way to start is to rethink your corporate training philosophy.

Why Should CIOs Work With HR?

SAP Innovation

Chief human relations officers (CHROs) or chief people officers are posting jobs online, training with cloud-based programs, deploying tech-driven employee engagement initiatives , and even using wireless presentation software such as Ubiq at recruitment events and meetings.

Why Banking On Your Workforce Boosts Business Results

Visier

Companies with stronger HR programs, outperform on financial metrics. Case in point: Banks with lower employee turnover retain more customers. Do branches with higher average performance ratings or training hours for their employees have better customer retention?

Power of Pods: Teamwork in the Workplace

DATIS

Pods can also be utilized to develop solutions for problems that the business is facing, from compliance to training. Example: As a working example, let say that an organization wants to assemble a cross-functional team of executives to address a Recruiting & Retention problem.

Why Data is the Key to Strategic HR Decisions

Visier

Specifically, this initiative is not just about understanding data-driven HR and the usual metrics, but specifically how HR can connect what it’s doing to business outcomes. In 2016, 51 percent of companies are now correlating business impact to HR programs, up from 38 percent in 2015.

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4 Economic Trends Impacting Talent Today

ClearCompany HRM

The latest and greatest #economic trends impacting the #workforce explained: According to the June Job Openings and Labor Turnover Survey , there were just shy of 6.7 in 2015. Low Retention. The market for talent has always been and always will be changing.

Trends 278

Quality of Hire Means Something, Here’s Why

Ceridian

Terms like “cultural fit” were on the fringe and those who wanted recruiters to answer for retention, may potentially get an earful. But instead of being upset, here’s why recruiters should embrace quality of hire and retention KPIs (hint: it only makes recruiters more valuable).

How to Make the Case for Continuous Performance Management

Reflektive

Morgan launched real-time feedback, and Accenture led the way back in 2015, citing bad ROI as the determining factor for eliminating its ratings and annual review program in favor of continuous performance management. Determine Success Metrics. You have a retention problem , and it costs up to 200% of an employee’s salary to replace him or her. Performance reviews are going out of style. Adobe uses check-ins , J.P.

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Lower employee turnover. The factors that affect employee turnover vary by industry and job role, but excessive workload is a top culprit across the board. Starbucks enjoys an annual employee turnover of only 65%, in an industry that averages 150% to 400%.

AON 198

15 HR Analytics Case Studies with Business Impact

Analytics in HR

On March 13 2015, the Wall Street Journal published an article titled: “The Algorithm That Tells the Boss Who Might Quit”. This information was provided anonymously to managers so they could reduce turnover risk factors and retain their people better. Turnover at Experian.

Why We Need Retail Employee Engagement Now More Than Ever

Bonfyre

At the National Retailer Federation Big Show 2015 conference, the Answers Corporation announced it had discovered a causal link between retail employee engagement and customer satisfaction in retail. Retail turnover is breaking records–bad ones.

35 IT Help Desk Statistics: How Does Your Team Stack Up?

Spoke

The first is by monitoring metrics and tracking your progress toward KPIs. But once you know how your team is doing today compared to how it was performing in the past, the next step is to benchmark your metrics against those of other companies. The most important skills for service desk managers include leadership, communication, and role-specific processes, procedures, and metrics ( SDI ). Employee retention statistics. Training and development statistics.

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. Traditional human resource metrics focus on saving money and increasing efficiency.