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Two Talent Metrics HR Should Know (and Why It’s Important)

ApplicantPro

As the lines between marketing and HR continue to blur, talent metrics begin to creep to the forefront of employment success. Having a well-developed employer brand plays just as crucial of a role at your organization as your company brand.

Are Your HR Metrics Outdated? Try These Four

Namely

When it comes to getting a full, clear view of a modern workplace and the people in it, standard HR metrics—productivity, costs, and turnover—just don’t cut it anymore. Better metrics make managers react proactively—rather than reactively—to changes in workplace culture and employee engagement. That’s not to say that tracking standard metrics is no longer necessary. That’s where the following metrics come into play. Metric 1. Metric 2. Metric 3.

The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. Internal recruiting costs include salary and benefits for everyone involved in the recruiting process as well as recruiting software, etc. According to SHRM, the average cost per hire in 2016 was $4,129.

Average Time to Fill = 42 Days according to SHRM Survey – So What ?

HRchitect

The USA Today reported that a recent SHRM Survey indicated the Average Time to Fill a job is 42 days according to their Human Capital Benchmark Report. In my opinion, the “filled” metric is an “HR Feel Good” metric. Written by: Jacqueline Kuhn.

Survey 256

Compensation Dictionary

what, the metrics the employee is measured against, and so forth. Changes are currently being considered regarding what types of jobs can be classified as exempt or non- exempt under FLSA–set to go live in 2016. your benchmark jobs and your market.

HR Analytics – The “GPS” of True HR Transformation

Visier

Demonstrating the business value that HR provides by putting metrics in place. Redefining the metrics of success, with metrics focused on business challenges rather than favored, traditional (read “non-business relevant”) HR metrics. What do we get if we do it well?

How HR Can Shape a CX Focused Workforce

EmployeeConnect

Thanks to a well-defined and communicated plan, employees have a clear vision of the role they play in CX and are more considerate of their interactions with clients. For example, paying attention to how well candidates listen to questions during an interview can indicate how they would act if they were dealing with clients. Customer Experience, or CX for short, is a differentiation strategy adopted by many B2B organisations.

HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

Many that have graduated from metrics to analytics use it very simplistically, often to respond to one-off data requests such as “how many employees were hired last month?” Definitions for core metrics are created.

Encouraging Innovation Governance

DATIS

Along with the promotion of an innovative workplace, it will also become important to set clear and defined metrics to evaluate the impact of these specific innovation plans. Benchmark with Industry Leaders. Subscribing to newsletters, blogs, and industry journals, as well as maintaining business networks, keeps business leaders informed on new ideas to help drive business results.

The Role Of HR Analytics In Workforce Planning

Get Hppy

After collecting enough data regarding employment, attrition, necessary skills and performance metrics, most companies proceed to benchmarking them against ideal metrics and industry standards.

How to Recruit Top Talent and Get Them to Achieve Early Success

Saba

As we get closer to the end of 2016, we realize HR professionals are starting to plan for the year ahead. When you take that forecast and the metrics around your current hiring process into account, you can map out a blueprint for what recruiting will look like in the next year.

How To Grow Your Team & Company Without Losing Them: An Interview With Rand Fishkin

15Five

That’s generally true for SaaS and Enterprise SaaS as well, but usually slightly less dangerous because enterprise tends to have lower churn rates than subscription SaaS. While Moz was trying to do ten things in the field, we had many competitors who tried to do just one or two things well.

Step by Step Guide: How to Write a Job Description

EmployeeConnect

It serves as the basis for interviewing candidates, and also helps later during new employee orientation and finally helps during evaluation as well. A well written job description is one of the most important places to begin with while hiring good talent. Based on the guidelines stated in the previous point, create a well defined job description keeping in mind the key criteria. They cannot be distinctly defined and identified as well.

The candidate as customer

HR Times

Posted by Arthur Mazor and Bill Cleary on November 15, 2016. What’s more, these interactions have effects that can extend well beyond whether the person ends up in the position advertised, reaching all the way into the company’s brand. The new dynamics of talent acquisition.

The candidate as customer

HR Times

Posted by Arthur Mazor and Bill Cleary on November 15, 2016. What’s more, these interactions have effects that can extend well beyond whether the person ends up in the position advertised, reaching all the way into the company’s brand. The new dynamics of talent acquisition.

Recognition, from Culture to Practice!

RecognizeThis!

In turn, connections between employees are strengthened, leading to greater engagement and satisfaction , as well as improved trust and collaboration. These are the elements from which our best practices and benchmarks are derived. By Traci Pesch. Recognize This! –

A new operating model for talent acquisition

HR Times

Posted by Arthur Mazor and Bill Cleary on December 13, 2016. That means linking recruitment more closely to overall corporate strategy as well as promoting a smoother ride for candidates through the process. And that’s likely to be money well spent.

Cafe Classic: Reviewing Your Incentive Plan: A Three-Tiered Conversation

Compensation Cafe

One of the temptations we encounter is to try to benchmark our way into the right plan structure and metrics - looking externally at so called "best practices" in order to figure out our next design move. How well is the plan, in its current form, designed to achieve these ends?

The Integrated World of the Interactive Talent Conference

Lumesse

The Integrated World of the Interactive Talent Conference Published date: October 18, 2016 Home. With few exceptions, key information – from employee profile and performance plans, evaluations, benchmarks, salary history, and career development and succession plans – isn’t in one place.

How to Power Your Company Culture with Data and Feedback Loops

Entelo

Sales were falling at its stores and only 16% of them were meeting the company’s customer service benchmarks. Lock In KPIs and Benchmarks. That’s why setting up internal company culture KPIs and benchmarks are essential to fully leveraging the data you collect.

Human Resources Needs a Common Language for Managing Business Data

Oracle HCM - Modern HR in the Cloud

True, everyone in HR shares some common metrics, such as head count and time-to-fill. These companies are developing universal standards for labor benchmarks. Head count is one of the broadly agreed-upon metrics in HR!

The Value of LinkedIn's Employee Alumni Network

CultureAmp

I think the fact that people were really excited speaks well to the employees and the culture.” LinkedIn provides alumni with perks like a three-year subscription to LinkedIn Premium, as well as special Alumni events and communications.

Secrets And Lies: 5 Ways To Free Your Hiring Bias

TalentCulture

They’re routinely considered “too short” to be leaders in the C-suite, as shown in a study from 2004 that turned into a long-lasting benchmark on implicit bias. Well played. Take a deep dive into hiring practices and create some metrics. Hiring bias? Did I just use the b -word?

A new operating model for talent acquisition

HR Times

Posted by Arthur Mazor and Bill Cleary on December 13, 2016. That means linking recruitment more closely to overall corporate strategy as well as promoting a smoother ride for candidates through the process. And that’s likely to be money well spent. Instead of transactional applicant tracking systems, companies are developing resource-rich interfaces that sell the company as well as the job.

How to Measure Quality of Hire

HR Daily Advisor

This entire premise—measuring how effective we are at hiring the right talent—is the basis for the “quality of hire” metric. Most organizations use a set of metrics together as a group. Surveys completed by entire team, asking about how well the company culture is being upheld.

Questions for Budgeting Season

Compensation Today

We’re well into budgeting season, which means it’s about time for many HR and comp pros to start scrambling around to calculate the necessary information for next year’s comp budget. If the job is that hot and pay is moving that much for it, consider having stricter performance metrics.

5 Stages of Successful Onboarding

Rallyware

The whole process starts well before the hiring stage with pre-hiring. HR specialists recommend having a detailed plan prepared well in advance for the new hire to keep the necessary actions on track.

Compliance Efforts Not So Great Globally, Either

HRExecutive

Well, it appears those two disciplines are in need of collar corrections on the global stage as well. It wasn’t that long ago that I wrote a news analysis about the problems with ethics and compliance programs here in the United States.

Business Leadership Tip: Take Advantage of Workday’s Built-In Dashboards

Workday

With 2016 just a few months old, I’ve been reflecting on just how fast our world keeps moving. The sooner I can identify any issues with these key business metrics, the faster I can act on them. There are pre-built dashboard templates for auditing, competitive benchmarking, profitability, revenue metrics, sales performance, and more on the financials side, and templates for Workday Human Capital Management , too.

The Role of HR in a Candidate Driven Job Market

Synergy

To this end, HR must rely on a balance of more strategic hiring within the HR department itself as well as the adoption of the latest tools – think big data technology – to gather actionable insight into the company’s employment data.

#SEanalytics HR Analytics - part 2

Strategic HCM

Importantly, identifying the right strategic questions isn't going to be about listening to the questions the business is asking – they won’t know what they need to know, at least not as well as HR can do. It focuses on outcomes as well as activities and as well as the business.

Find The Best Talent for Healthcare Quality

Cielo HR Leader

The first is tracking and evaluating key metrics for their organization’s financial performance. While commendable, measuring financial and care quality metrics without a focus on the talent that delivers and supports care may cause organizations to miss a critical component of the healthcare quality equation. Measuring financial and care quality metrics without a focus on the talent may cause organizations to miss a critical component of the healthcare quality equation.

Transparency, Visibility, Insight: RiseSmart is Raising the Bar on Outplacement Analytics

RiseSmart

For example, with RiseSmart Insight, you’ll receive: An easy-to-use dashboard with intuitive navigation to show you current, actionable outplacement metrics in a sleek dashboard with intuitive navigation.

Data 57

I Will Follow !!

Everyday People

Countless lists that rank people on social media look at the number of followers as a metric to show “influence.” I want you to consider a different, and much simpler benchmark, when seeing what leadership looks like. Followers.

Secrets And Lies: 5 Ways To Free Your Hiring Bias

SAP Innovation

They’re routinely considered “too short” to be leaders in the C-suite, as shown in a study from 2004 that turned into a long-lasting benchmark on implicit bias. And millennials have often been left at the altar for perceived attitudes they may not even have, including the fact that they may well leave the job at the altar. Well played. Take a deep dive into hiring practices and create some metrics. Hiring bias? Did I just use the b -word? Not us.