The New Recruiting Metric: First Year Retention

UpstartHR

Today I want to talk about first year retention, a measure that I believe is going to continue to grow as a recruiting metric, even though many companies wouldn’t consider it even remotely linked to recruiting as of today. We were spending hours recruiting, training (each employee received over a dozen hours of training before starting work), and coaching these people, only to have all of that effort wasted. What do you think of first year retention as a metric?

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. No wonder universal talent metrics are a touchy subject. Outside pressure and reporting initiatives aside, HR departments must learn to measure, share and explain the human capital metrics that matter to their businesses. Discussion and analysis to explain the metrics.

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Five Awesome Recruitment Metrics for Tech Innovation Success (How to Link Workforce Metrics With Business Outcomes, Part One)

Visier

The first in a four-part series on linking workforce metrics to business outcomes, this post looks at five indispensable recruitment optimization measures that will help you move the needle on tech innovation — without breaking the bank. An overfocus on these metrics leads to hiring that is faster, cheaper…and (from a talent quality perspective) typically worse. Must-have recruitment metric #2: New hire performance by lead source.

HR Metrics – Connecting Goals to Organizational Strategy

New to HR

Human Resource Metrics are a crucial way of analyzing the successes and failures of your department’s outreach, influence, programs and processes. Allow your metric data to guide you financially and highlight your best talent, serving as proof of your impact and a record of progress. Your metrics will show you whether the outcomes of employee training, engagement exercise and any other talent-related communication was monetarily worthwhile.

How To Build a Successful Mentoring Program

HR Bartender

One last thing to consider is developing the metrics for evaluating the mentoring program. So the metrics should correspond to those goals. Examples of metrics that can be developed include: Measures of program quality such as percentage of mentors and mentees that have met at least once per month and percentage of completion in the program. Measures of organizational impact are those metrics that help the organization achieve their goals.

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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. In the report Deloitte Global Human Capital Trends 2015, you tell us that the number one talent issues are engagement, retention and culture. If you’re building a new training, compliance or onboarding program, for example, think about how it will make an employee’s work life better – not just what you want to get out of it.

Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. Cost-per-hire calcuations don’t include any costs after employees are hired, e.g. training costs. SHRM and ANSI define this additional cost-per-hire metric. This metric can be more useful than CPH. Companies that use this metric consistently, have its one great advantage in mind. Another problem with the cost-per-hire metric is that it needs complementary metrics to be useful.

Sold Out: A Lesson on Event Content (and the Future of HR)

UpstartHR

SOLD OUT – #707: HR Metrics that Matter: The Process of Developing a Business Scorecard It made me stop and think, especially in light of some of the conversations I had with others at the event about what sort of content was being offered. I’ve always had trouble with those types of training on the supervisory side of things. Going back to the original intent of this post, I was glad to see the metrics session being sold out.

Stop Wasting Time Measuring HR Data

UpstartHR

Learning: what is more valuable in business terms, measuring training completions or measuring changed behaviors based on the training? But if you are truly looking at how your training is changing the organization and making people work smarter, then completion information just isn’t enough to do that. General MetricsPlease. For goodness sake, please stop measuring HR data. See, I know why you’re doing it.

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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.

Last Thoughts on 2015’s Best Software Recruiting Solutions

HR Daily Advisor

See yesterday’s Advisor for the metrics, so far, discussed. The metrics, so far, paint an incomplete picture. Start on Wednesday, November 18, 2015, with a new interactive webinar— Hiring Mr. or Ms. That being said, the following are four strategies concerning these five products based on the metrics and features discussed in this article. Join us Wednesday, November 18, 2015, for a new interactive webinar, Hiring Mr. or Ms. Wednesday, November 18, 2015.

Use 'The Interruption Strategy' to Tackle the Diversity Gap

Cornerstone On Demand

In her Harvard Business Review article, “ Hacking Tech's Diversity Problem ," Williams introduces a new metric-based approach to increasing and retaining diverse employees in organizations. “The Interruption Strategy" aims to break what she calls the “diversity industrial complex" — the common approach of making a few token hires, implementing sensitivity training, creating mentoring programs and other similar vague changes.

How to Create a Data-Driven Workplace

Cornerstone On Demand

From increasing leadership effectiveness to analyzing employee performance to developing training for increased customer loyalty, the impact of a data-driven culture runs far and wide. When you're just beginning a data program, focus on a single metric or goal that can prompt a larger conversation about the impact of analytics, Schmidt advises. While employees may be a company's greatest asset , it is data in the hands of these employees that can truly make a difference.

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Cost-to-Hire: Don’t Spend $100s to Earn Pennies

Cornerstone On Demand

According to the Brandon Hall Group , the majority of organizations have a very limited grasp on true cost-to-hire metrics — especially for poor hires. Interviewers — recruiters and hiring managers alike— must be trained to assess cultural fit, as well as technical or functional skills. How often do you make bad hires? If you're like 95 percent of other organizations (of any size), you make bad hires every year.

How to Ensure HR Activities and Metrics Align with Company Objectives

HR Daily Advisor

Aligning HR activities and metrics with company objectives isn’t just prudent. Here are a few of the many ways that the HR team can ensure that HR activities and metrics align with company objectives: Train managers to cascade goals to the next level, modifying as appropriate. Review common HR metrics and present them in a way that benefits executives This may mean that the data have to be analyzed in a new way or presented in a new format.

What Does “Strategic HR” Really Mean? (And are you doing it?)

BambooHR

General HR HR analytics business partner business strategy company strategies HR principles human resources metrics professional development strategic HR trainingHave you ever gone fishing? Some people love the relaxing rhythm of casting and reeling, while others are competitive about actually catching fish. People who fish to bring home dinner may become frustrated if the act of fishing doesn’t actually contribute to catching fish. HR can feel the same way.

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? What metrics do respondents find to be the most useful? Some Highlights from the HR Metrics Survey: The most popular metric among participants was turnover, which is measured by 78% of the response pool.

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? Which metrics are the most popular or most widely used?

Make Your Presentation Relevant: Sample Metrics for the C-Suite Audience

HR Daily Advisor

In yesterday’s Advisor, we shared tips on presenting HR metrics to the C-suite from guest columnist and business consultant Bridget Miller. Today, Miller elaborates on specific metrics that may be of interest to your executive team. What metrics should you present? To decide on proper metrics, the HR team will need to assess the needs of their organization and meet with their executive team in advance to be on the same page in terms of what is important to each team member.

Skills-Based Volunteering Boosts Engagement: 3 Ways to Make It Work

Cornerstone On Demand

Clear Objectives and Metrics: Without clear goals and ways to measure their success, it’s hard for program managers to receive continued internal support. For instance, how many entrepreneurs were trained? Corporate volunteer opportunities often involve hands-on activities that require little to no skill: With time and a swift orientation, most employees can serve dinner at a soup kitchen, weed a community garden or organize donations at a homeless shelter.

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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IPO Recruiting and Metric Benchmarking with Redpoint Ventures' Amy Knapp

Entelo

Interview training. How recruiting metrics can serve as a thermometer for internal company health. Recruiting Metrics IPO recruitingWhen a company finds itself immersed in the throes of preparing for an initial public offering, they will suddenly face a slew of unique challenges experienced only by companies at this particular stage.

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. Fortune 100 companies are using these metrics to, for example, design their headquarters or change how teams are structured. The organizational structures, training and employee demographics were similar, but the centers performed differently.

A New Definition of Employee Engagement: Think Of It Like Your Health

Grovo HR

Use whatever metrics you want to measure it, but keep in mind that no one data point totally captures the essence of engagement. “My employees love outdated training too!” What exactly is employee engagement? We know it’s a topic trending in every corner of the L&D world. We know it has something to do with being “all-in” on work. Mostly, though, we know that no one knows quite what it is.

Fact or hype: Do predictive workforce analytics actually work?

Visier

A full accounting needs to extend beyond hiring and training to include separation, productivity, and lost knowledge. More sophisticated methods may train algorithms with various machine learning techniques; however, people leave companies for a variety of often surprising reasons and those reasons change over time. Consider a “crawl-walk-run” approach in your graduation from metrics to true Workforce Intelligence. This one is for you, Bill Kutik.

Four Questions Strategic HR Pros Ask to Drive a Culture of Ethics in Financial Services

Visier

How to Link Workforce Metrics With Business Outcomes, Part Four. But with Big Data, culture can also be measurable, and boiled down into actionable insights so that it permeates everything from hiring and training to compensation practices. If two or more managers are getting low ethical scores from their reports, then you need to dig deeper into the data to find the underlying issue: Is it lack of training? To some, workplace culture is about as real as corporate pixie dust.

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. Dropbox is committing to unconscious-bias training for all it’s employees (over 1,200 people), and to regularly release data on the diversity of its workforce. Here are a few demographic metrics you should be monitoring: 1.

Strategic HRM (HR Carnival)

UpstartHR

Here’s what I requested from the community in terms of content: For this Carnival, I’m looking for posts around the theme of “How to be a strategic HR player in 2015″ In recent weeks I have spent a lot of time researching and writing about HR strategy, strategic planning, etc. David Richter from OctopusHR offers a great case study into how the HR team aligned training goals with the organizational strategy (with some excellent results).

Training and Development Survey Results—How Are You Preparing Your Workforce for Success?

HR Daily Advisor

The results of our Training and Development Survey are in. Highlights of the 2015 Training and Development Survey: HR management is involved in training decisions for 63.8% of respondents—slightly edging out executive management (which is involved in training decisions for 63.6% The most popular method of training for the future is online training, with 80.6% of respondents, the number one complaint regarding training is a limited budget.

Topics, Services, and More: Results of Our Training and Development Survey

HR Daily Advisor

In yesterday’s Advisor , we shared the latest data on training and development from our recent survey; today, more results from the study, including detailed responses regarding professional development, popular topics covered in training, and products and services used for training. A total of 976 respondents provided their opinions in the Training and Development Survey, conducted in April 2015. Training Topics. and less training for 3.3%.

How JetBlue Created a Data-Driven Workplace

Cornerstone On Demand

From increasing leadership effectiveness to analyzing employee performance to developing training for increased customer loyalty, the impact of a strong analytics program runs far and wide. The company's Assessment, Measurement & Evaluation (AME) team sits within JetBlue University — a centralized training department that oversees employee learning and development. How does the AME team use data to inform training initiatives?

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The Importance of Analytical Thinking Ability in HR

Something Different

Strong business acumen, analytical thinking ability, solid quantitative skills, and the ability to manage data to generate prescriptive insights are all integral components of said bullet, which is defined by Sackett as ‘creating and tracking metrics that have bottom-line impact to your organization.’

The Beginner’s Guide to Championing a Data-Driven Culture Within HR

Visier

You should also consider making data literacy training a key component of development programs for you, your HR business partners, as well as line managers. To get started, here is a collection of the best articles, papers and other resources to help with HR analysis vetted by our in-house workforce intelligence expert, Ian Cook — it includes everything from math videos to metrics definitions. It can feel like preparing for a trip up Mount Everest.

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Culture Initiatives to Inspire Innovation at Work

CultureIQ

This is the iterative process of proactively managing your company culture through ongoing employee feedback and monitoring culture metrics. Seize industry-related learning opportunities and trainings to help employees think outside of the box. Steve Jobs once said “[Innovation] is not about money. It’s about the people you have, how you’re led, and how much you get it,” as noted in Harvard Business Review.

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What are You Grateful For? Celebrate World Gratitude Day

WorkHuman

To that end, I want to share with you one of the ten tips I took away from our WorkHuman 2015 Conference. Gratitude interventions and training, says Dr. Emmons, have proven to significantly move the needle on all of these metrics, increasing social connections and producing long-lasting results. Today is World Gratitude Day.

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

Visier

focus on training. As Ian Cook describes in this blog post, How to Avoid the Headcount Trap , it is very common to look at the net change in headcount for a given period of time, and then use the headcount metric as the basis for decisions around movement (for example, to decide how many people the organization should hire, transfer, promote, or layoff).

Boundary Theory, Work/Life Balance and Mindfulness

WorkHuman

Many of us dismiss the notion of mindfulness as sort of a squishy, new-age idea—and one that perhaps doesn’t have an awful lot to do with building an effective work culture or any of the metrics that rule our HR lives, like retention or engagement. But turns out that training some sort of mindfulness might be just the tool we need to help our employees effectively build emotional boundaries between work and life, even while all the edges are blurred by our 24/7 working lives.

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100 SHRM Chapter Seminar Program Ideas

UpstartHR

Hands off: supervisor training essentials. How to keep people awake in training (without using coffee). 13 insights you can get from HR metrics. The Next Generation: Moving from metrics to analytics. Why you need to train your supervisors. Anylearning: How to encourage employees by offering non-work related training.

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5 Mistakes to Avoid with Your Intern Program

CultureIQ

The process should include assigning interns with a workspace, introductions to the team, and training. You need to understand metrics, such as how to measure engagement and conversion rates, so it isn’t something that can be easily tasked as a temporary project. Interns need mentors–not someone to hold their hand, but someone who can show them the ropes, help train them, and be there for support.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

The future of HR metrics is predictive, but that’s not fully ready yet. Predictive HR metrics. It costs Xerox $5,000 to train a call center employee, so this is serious money saved. HR metrics in recruiting. Improving employee training. Employee training, while important, can be quite costly. Learn more about HR metrics. HR data is becoming incredibly sophisticated.