Closing the Loop: Linking Workforce Planning, Analytics, and Hiring

Visier

In order to keep up with skill shortages and avoid costly role vacancies, organizations need to close the loop between business strategy, workforce planning, and talent acquisition. Where Workforce Data is Used.

Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

In the following graph, we see how many hires are being made, by comparison to the number of job openings: For nearly the entire history of the JOLTS data, more hires are tracked than job openings, but recently this relationship has switched. The Better Way to Do Workforce Planning.

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How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Improving HCAHPS Scores with Data-Driven HR. Navigating Nurse Retirement with the New Workforce Planning.

Workforce Planning Collaboration: The Talent Acquisition and HR Partnership

Visier

But there’s a case to be made that workforce planning is the one process that creates the highest level of risk for the organization if stakeholders don’t work together adequately. Finance passes the ball to HR , and HR uses their workforce expertise to refine the plan.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning process.

Ep 88 – Workforce Planning Strategies That Will Change Your Business

Workology

I’m talking about workforce planning and associated strategies. Episode 88: Workforce Planning Strategies to Elevate Your Business with John Baldino ( @jbalive ). During last month’s SHRM Annual Conference in Washington, DC, I sat down with John Baldino to talk about workforce planning basics and strategies. Workforce planning is a very complex topic, and frankly, one I haven’t written or talked much about.

Top 5 HR Analytics Articles: Fall 2016 Edition

Visier

At the recent HR Technology Conference , sessions on data-driven HR were standing room only. Applying Analytics Can Enhance Workforce Planning. This SHRM article reveals the various metrics needed to create workforce simulations, forecasts, and models.

Workforce Planning to Defend Your Agency’s Budget

Acendre

” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Avoid passive “firefighting” reactions to staffing developments through dashboards and reports, which enable you to stay on top of imminent workforce trends. Dashboard-enabled insights align current and expected budget allocations with planned hiring and attrition totals.

5 Must-Read Talent Acquisition Articles of 2016

Visier

This was a recurring theme that we saw in 2016, and thanks to analytics , Talent Acquisition has graduated from a simple candidate filling function to a strategic arm that has a direct correlation to an organization’s bottom line. Talent Acquisition has re-invented itself.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

Why Data is the Key to Strategic HR Decisions

Visier

Historically, many issues arose from lack of data. Workforce analytics are now better than ever, but organizations need to properly access them, align their information with decision-making, and act accordingly. And then there’s all this data. Adding Data into the Mix.

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How Improving HR’s Analytics Capability Prevents Chaos Over New Overtime Rule

Visier

However, with the mantra “never let a good crisis go to waste” ringing in their heads, the smartest of the group are realizing that now is the perfect time to move their organization forward with data-driven HR. Data inaccuracy is the first and most common problem with this tool.

How HR Can Improve The Business Bottom Line?

Visier

When customers start using Visier, they often tell us the stories that led them to seek out a workforce intelligence solution. Due to the lack of accuracy in the workforce planning process, the business lost eight months of financial gains.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed. Develop The Right Mix of Workforce Diversity.

What Works in Workforce Planning and Retention

WhoKnows

Workforce Planning – Key to Competitive Advantage. Most business leaders lack the visibility to predict future workforce needs and most HR professionals lack the right tools to provide insights on data-driven workforce questions. And if HR can’t provide smart data, they’ll not only lose credibility – they may lose their jobs. In most companies, total cost of workforce averages near 70% of operating expenses. LinkedIn 2016). Johannesen, 2016.

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

Visier

They are particularly powerful in scenarios where the path to business impact is less obvious, and so we often see them in process-heavy or data-heavy disciplines. Managing employee data, and turning it into business impact is, therefore, a perfect scenario for a maturity model.

Workforce Planning to Defend Your Agency’s Budget

Acendre

” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Avoid passive “firefighting” reactions to staffing developments through dashboards and reports, which enable you to stay on top of imminent workforce trends. Dashboard-enabled insights align current and expected budget allocations with planned hiring and attrition totals.

Building Your Business Case for Workforce Intelligence

Visier

Deloitte’s 2016 Global Human Capital Trends report predicts that “in the not-too-distant future, it will become impossible to make any HR decisions without analytics. 73% of executives say that poor workforce planning leads to staffing gaps and the inability to meet business goals.

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6 Training Ideas for a Smoother HR Technology Rollout

Visier

If users feel frustrated and uncertain while using a new tool, such as a workforce intelligence (WFI) solution , they may return to the old methods of figuring out their HR data despite how antiquated or cumbersome they are. Planning and communication were key to success.

How Business Intelligence Will Transform HR

TLNT: The Business of HR

TMA’s 2016 Human Capital Analytics Summit made it clear to me that despite the enormous financial benefit of an engaged workforce , the practice of collecting good data, providing thoughtful analysis, and applying that information to drive business results is in its infancy.

Why We Will All Love the New HR

Visier

But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . Failed to Plan? The New Workforce Planning — And The New HR.

5 Benefits of a Data-Driven Recruitment Strategy

Visier

Companies cannot hire fast enough to keep up with their workforce demands and competition is fierce for those high potential people who will deliver innovative solutions or go above and beyond for your customers. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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How Workforce Analytics Helps Prevent Another Bad Hire

Visier

This post is part of our Data-Driven Recruitment Strategies series. However, the opposite proved to be true: when the organization started using Visier’s workforce intelligence solution , the analytics revealed that the so-called “high scoring” candidates (who were hired!)

What Do You Know About the Hourly Workforce?

China Gorman

percent of the United States workforce. Yet there is little data to be found about the hourly worker. The segment is so ignored that even the monthly unemployment report doesn’t categorize the workforce by salary vs hourly.

5 Benefits of a Data Driven Recruitment Strategy

Workology

Recruiters who use big data to power their efforts are more likely to perform well and reduce the costs compared to those who don’t use it — a data driven recruiting strategy is crucial to any business that wants to stay competitive. . A data driven approach gives importance to:

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Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

Here’s a mind-blowing fact to spark up the late-summer doldrums: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. Companies also want: Data security. Data privacy.

5 Benefits of a Data-Driven Recruitment Strategy

Workology

Although overall job gains have slowed, according to 2016 JOLTS (Job Openings and Labor Turnover Survey) there continues to be more job openings than hires being made. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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The True Cost of On-Demand Talent

China Gorman

WorkMarket has just published a new survey analysis, the 2016 Corporate On-Demand Talent Report. workforce is now part of the corporate on-demand economy. 88% of businesses are currently using an on-demand workforce.

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

Identifying the HR Disruptors for 2016

Asure Software

As HR departments are geared to collect all types of day-to-day data concerning the goings-on of the office, HR software provides immediate information on a myriad of company situations 24/7. Companies used to wait to conduct all of their data analysis in one massive end-of-year assessment.

Geo targeted jobs data show Amazon’s next smart home installation markets

Burning Glass Technologies

The post Geo targeted jobs data show Amazon’s next smart home installation markets appeared first on Burning Glass Technologies. Human Capital Management Labor Market Retail Workforce Planning amazon Alexa Echo jobs data labor market workforce planning

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How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.