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. Workforce Intelligence 101 talent acquisition workforce planning

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

Visier

We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. “Companies cannot hire fast enough to keep up with their workforce demands” – @VisierAnalytics Click To Tweet. The Better Way to Do Workforce Planning.

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.

Maximizing Team Performance with Workforce Planning

New to HR

Workforce planning consists of a set of strategies engineered to maximize the use of resources to accomplish goals , estimate and plan for progress and outline the basis of decision-making techniques while anticipating the needs of the business in the future. To create a workforce planning strategy for your business, first define what your overall goals are. The post Maximizing Team Performance with Workforce Planning appeared first on New To HR.

Top 5 HR Analytics Articles: Fall 2016 Edition

Visier

However, while more and more HR leaders are spearheading the adoption of workforce intelligence at their organizations, they also have this critical question in mind: Once we have an HR analytics function and solution in place, how do we take full advantage of it?

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. Measure for Measure: The Evolution of Recruiting Metrics.

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.

How Workforce Analytics Helps Prevent Another Bad Hire

Visier

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!) Without workforce analytics, it’s difficult to identify what makes a strong hire.

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

Visier

While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. Definitions for core metrics are created.

6 Key Talent Acquisition Cost Reduction Metrics

Cielo HR Leader

There are six talent acquisition metrics that all organizations must track to identify where costs can be reduced and where improvements can be made to protect revenue, improve efficiency and increase quality of hire.

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. The Era of Workforce Analytics. Impact on Business Metrics.

The Value of HR Analytics: Why Every Company Should Be A Quantified Organization

Visier

Since joining Visier, I’ve been thinking a lot about the value of workforce analytics. In fact, a consistent finding from the annual Sierra-Cedar HR Systems Survey (which I managed for 16 years) was that “ organizations with workforce analytics outperform.”. Metrics Categories.

Why Data is the Key to Strategic HR Decisions

Visier

Workforce analytics are now better than ever, but organizations need to properly access them, align their information with decision-making, and act accordingly. HR should not only align with the business, but drive the business by making better decisions about the workforce.

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

TalentCulture

It’s worth noting that driving the need for an improved user interface, access, and speed is the nature of the new talent surging into the workforce: people for whom technology is nearly as much a given as air.

The 4 C’s of Quality of Hire

Visier

Recommended Read: Measure for Measure: The Evolution of Recruiting Metrics ]. Tune in for the next article in our blog series, where we will look at how workforce planning can transform talent acquisition from a reactive process to a strategic advantage.

HR’s Critical Role: Connecting Talent Management to Business Outcomes

Visier

Given that the workforce takes up most of the company budget, it’s hard to argue that there’s a function outside of talent management more critical to a company’s ability to execute on its strategy. Recommended Read: Why Banking On Your Workforce Boosts Business Results ].

Why Banking On Your Workforce Boosts Business Results

Visier

There is a clear connection here between what happens in the workforce and the success of the organization. Exceptional companies know that the best people decisions drive the best business outcomes : More diverse workforces outperform others.

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. Workforce Intelligence 101 recruitment

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution.

The Difference Between the PHR and SPHR Exams

UpstartHR

With both of the exam pass rates hovering around 50% (54% PHR, 53% SPHR), it’s critical to make sure you understand the requirements of each and develop a proper plan for preparing. Develop, implement and evaluate the succession planning process.

What is HCAHPS and What Does it Mean for Healthcare Worker Engagement

Visier

The biggest factor in both dimensions is the workforce: a highly specialized and very mobile group of skilled caregivers who are constantly in short supply. However, a Towers Watson global workforce study revealed that less than half (44%) of the U.S.

Using Data to Link Talent Decisions to Business (Webinar)

TalentCulture

Let’s take a deep dive into a few HR metrics that truly matter to the business (and these are just a handful). Let me also acknowledge that these metrics don’t just magically bubble to the surface. The HR industry talks a lot about analytics and data.

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10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Healthcare has long been a highly regulated industry with a diverse and specialized workforce — one that’s hard to hire and even harder to retain at the best of times. These metrics help you accomplish this task: Resignation Rate. Use these metrics to drive these discussions.

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. Recruiters need a clear vision of hiring plans to help them determine when is the right time to hire talent.

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FRIDAY TEST: Pick the 3 People In Your Company That Don't Matter If You're Doing A Push To Analytics.

The HR Capitalist

I'm in Atlanta today speaking at the Human Capital Institute's (HCI) Workforce Planning and Analytics Conference. My topic is bootstrapping an analytics program at your company, and in a move that will surprise some, my slides are more about people/behavior than numbers.

Your People and Global Internet Trends

China Gorman

I have been waiting with baited breath for Mary Meeker’s Internet Trends 2016 report – and it’s here ! This is the outline – and I defy you to not find the majority of it interesting and relevant to your HR work, your workforce planning and your role in setting business strategy.

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. Workforce Planning HR and finance still struggle to see eye to eye in the domain of workforce planning. Head count is one of the broadly agreed-upon metrics in HR!

3 Reasons Innovation is more Important than Employee Engagement

Lighthouse

Take a segment of your workforce and create a hiring program that aligns with your sales and growth forecasts. Evaluate the impact on recruiting and workforce planning. Again, this has incredible value beyond the “engagement” metric that most companies rely on.

Avoid Holiday Retail Worker Shortfalls with What-If Analyses

Visier

According to the Bureau of Labor Statistics , there were 802,000 retail job openings across the US in August 2018, which is 100,000 more than in August 2017, and 141,000 more than in August 2016. Talent Acquisition Workforce Planning

I Need A Nurse, Stat!

The Tim Sackett Project

Join Cathy Henesey, ASHHRA Board member, and Director of Talent Acquisition & Workforce Planning at AMITA Health and myself for a free webinar hosted by CareerBuilder that will outline 10 things you should be doing to fill your nursing openings! Metrics around what recruiting pools will be most effective for you to be fishing in. In the United States, we are facing a major nursing crisis, unlike anything we have ever seen.

Aligning HR and Finance

Vemo

Being able to deliver analysis and metrics that the business is familiar with can greatly increase the likelihood of adoption. Vemo offers enterprise Cloud-Based Workforce Planning and Analytics technology.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

3 HR Analytics Pitfalls to Avoid

Oracle HCM - Modern HR in the Cloud

Thanks to dashboards with real-time metrics and trends, American Express’ HR group is able to measure recruiting effectiveness, drive its talent acquisition strategy, and manage individual recruiter performance. Workforce Analytics Track at Oracle HCM World 2016.

Predicting Talent Gaps

Vemo

Now more than ever it is important to predict talent gaps through predictive workforce planning. Create plans for next quarter, or the next ten years. Segment your workforce and discover your company's most critical roles.

A New Approach to Enterprise Planning: Perspectives from Customers

Workday

In today’s world, organizations must have solid planning strategies in place to achieve their goals for growth and success. We’ve heard about these challenges from our customers over the years, and this week, Workday launched Workday Planning. Workday Planning is the first planning, budgeting, and forecasting application that unifies financial and workforce planning in one system when combined with Workday Financial Management and Workday Human Capital Management (HCM).

If You Don’t Ask The Right Qs, You Get The Answers You Deserve!

In Full Bloom HR

In this thorough 2016 update, you’re getting lots of important questions along with my own thoughts (biases?) — to protect both your workforce and your work. This is one of the central questions addressed in any competent strategic HRM and HRMDS planning effort.

Tackling Talent Acquisition in Life Sciences

Cielo HR Leader

When asked to think about the future, talent leaders without a transformative approach miss their opportunity to be seen as change agents as they often resort to comfort areas — for example, their grasp on the minimum technical capabilities required today, as opposed to the underlying skills necessary to create a workforce that will embrace change in this ever-evolving industry. Align Talent Strategies to Commercial Planning. Adopt Workforce Segmentation.