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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. Now, I get it…there’s lots of talk about quality of hire being the best recruiting metric.

It’s About More Than HR: Analytics Learnings from Tom Davenport and Dr. John Sullivan

Visier

stage, HR is integrating and curating their workforce data from various transactional systems , as well as developing the business acumen to tell a story with the data that will lead to better and more productive business decisions. It includes benchmark comparison numbers.

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. These metrics help you accomplish this task: Resignation Rate.

BLR’s 2017–2018 Pay Budget and Variable Pay Survey

HR Daily Advisor

How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance).

How Foot Locker Can 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. These metrics help you accomplish this task: Resignation Rate.

are your employees as engaged as they say they are?

O.C. Tanner

An engagement scorecard provides a more comprehensive view by tracking metrics around engagement beyond just the survey score. For example, referral rate will be the metric that would measure whether employees have referred friends and relatives. So how does one use these metrics?

Lights! Camera! Action!!

Compensation Cafe

To accomplish this you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and targets for each performance indicator. Commonly Used HR Metrics : Average salary/wage.

Mission Transparency: Greater Sense of Job Meaning Reduces Turnover

Compensation Today

Whether getting paid well correlates with rosier-colored glasses, or whether mission-driven employees tend to be top performers and therefore earn higher salaries, higher pay and a sense of mission go hand in hand.

Launching Competitive Opportunities in Talent Acquisition

TalentCulture

One of the best ways to measure your company’s long-term success of diversity in talent acquisition is to monitor your metrics. Assess this metric from the application stage to screening down through interviews and offers accepted.

The best leaders test their opinions with data

InforHCM

More specifically, a well-cited Harvard Business Review research article found that ambition, assertiveness, and pessimism were 3 of the top 4 personality traits differentiating high-performing sales people from their low-performing co-workers.

Data 112

3 Hiring and Talent Management Trends for 2018

Hireology

And content will be an even bigger focus for hiring in 2018, as both Facebook and Google became key players in the jobs market in 2017.

Four Societal Changes Shaping The Future of Work

TalentCulture

Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. It’s no secret our society has gone through a staggering degree of change in recent years.

7 common HR technology challenges and how to overcome them

Insperity

In comparison, cloud-based, fully integrated, all-inclusive HR technology with automated processes needs only about two people per 100 employees to perform the same functions. An investment in a fully automated HR management tool should enable your business to greatly expand its reporting capabilities, allowing management to better correlate employee performance with business metrics and adjust processes to meet strategic goals.

Differentiating with Enhanced Job Postings

Nextwave Hire

It took a great deal of collaboration for Cassandra to get things up and running as well as some specific testing of these enhanced job descriptions. We initially tested this approach with some of our unique, infrequent openings, which meant we didn’t have baseline metrics to use for comparison. Standing Out. With so many job posts in the interwebs out there, how do you stand out among the crowd for the right job seekers?

How to Evaluate Pre-Employment Assessments

Cangrade

You can only make these comparisons if you consistently obtain the same types of information from all applicants. Hiring metrics : How does the pre-employment assessment influence applicant experience, hiring speed, cost-per-hire, etc.?

Cafe Classic: Absolutely Relative Increase Rates

Compensation Cafe

Well, yeah. Yes, I said “relative change” as in “a metric computed in proportion to a base number.”. Notice anything about those comparisons? . Absolute statements based on relative comparisons can be highly misleading.

Supporting Workday Customers on Their Diversity Journeys

Workday

With Workday Benchmarking , delivered via the Workday Data-as-a-Service (DaaS) offering, customers can gain a better understanding of their company’s relative performance in comparison to peer organizations. Workday customers can opt-in to contribute de-identified data to a secure, aggregated dataset, then leverage useful metrics and trends representative of Workday’s collective customer community—including over 26 million workers across more than 1,800 global organizations.

Is Your Company Following its Compensation Philosophy?

Workday

WorldatWork defines a compensation philosophy as “a statement explaining an organization’s beliefs about how people should be paid, as well as how that pay should support the business strategy and fit within organization culture.” Market comparison. According to the WorldatWork survey, management primarily uses employee turnover/retention (61 percent of respondents) and employee satisfaction survey metrics (47 percent) to determine the effectiveness of salary programs.

4 Societal Changes Shaping The Future of Work

Bonfyre

Routine labor (manual labor or clerical/administrative office work) growth pales in comparison, adding 100-250,000 jobs per year. Our workforce is more diverse by nearly every conceivable metric. The industrial revolution set the stage for the working world to be the primary mover of technology, and this continued well into 20th century. This article was originally published in Talent Culture.

Understand Important Trends in Recruiting and Hiring in 10 Minutes

Paycor

What’s your magic hiring metric? Start with the positions you hire for most or that have the most financial impact and build your metrics from there. Keep in mind that your company is being interviewed as well. Establish clear performance metrics.

Around the Bonfyre with Dave Murray of The DiJulius Group

Bonfyre

They don’t have enough resources available, or as many people trained as well as they should. Obviously that’s worked pretty well for them. How do you feel about the idea that contact centers have invited an electronic sweatshop comparison? It’s partly companies’ fault as well, because they’ve been striving for efficiency. Companies and metrics have been working against the service experience, not on purpose, but as an unfortunate offshoot of trying to be better.

Transformation: Start By Understanding What Success Looks Like

SuccessFactors

A digital procurement transformation with clear line-of-sight into measurable successful outcomes will ensure that the value and benefits from the transformation are well understood and achieved.

Manager Title or Director Title Distinctions

Compensation Cafe

Industry also determines the size metrics that most accurately predict executive compensation. Accept that your tradition may not translate well for solid comparisons with other peer employers. Manager or director? That is the question. Titles communicate level of responsibility over a work function, so the process by which such labels are determined is important to compensation professionals.

Employee Turnover is Highest in January: How to Keep Critical Employees from Leaving

Visier

Employee turnover is the single most prevalent HR metric. PricewaterhouseCooper’s 2017 annual survey found 77 percent of CEOs are concerned that key skills shortages could impair their company’s growth.

Applicant Tracking Systems Guide

ClearCompany HRM

Applicant Tracking Systems: Everything to Know & Look for in an ATS By: ClearCompany Updated: December 2017. Applicant Tracking System Comparison. How well does it track and handle reqs? Applicant Tracking System Comparison.

Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

Nurses are nurses because they genuinely want to take care of people,” says Dr. Stacy Sprague, PhD, R Psych, Executive Director, Employee Wellness at Vancouver Coastal Health. Determine the metrics that will to shed insight into overwork and use them to inform a fatigue policy.

People Analytics Case Study: How HR made customers happy

Analytics in HR

When we were asked for help, we first identified three business outcomes that mattered most to the organization by conducting short stakeholder interviews with senior leaders and reviewing their balanced scorecard metrics: Customer count (the number of customers eating at the restaurant).

Tap into the Power of Recruitment Marketing, Part 2

Avature

By comparison, when sourcing senior talent for an executive position, SMS is likely to be considered intrusive. When we talk to organizations, we emphasise the importance of focusing on reach and engagement metrics, rather than on short-term return on investment. Focus on showcasing your employer brand in an authentic way — sharing employee stories, “a day in the life” content, as well as commentary on industry news and updates. 1] Humanity, 2017. [2]

7 Reasons to Invest in an Interview Logistics Platform

GoodTime

You submitted your resume and a well-written cover letter. The call with the hiring manager went well. Also the system makes it easy for recruiting teams to design a structured interview process with well-trained interviewers so every interview is meaningful.

People analytics in the world of small to medium-sized organizations

Newmeasures

Smaller companies may want to create insights for the organization using data, but find themselves lacking in ‘big’ data due to smaller number of employees or less sophistication in tracking talent-related metrics. Without some way of connecting metrics (e.g., 2017).

People analytics in the world of small to medium-sized organizations

Newmeasures

Smaller companies may want to create insights for the organization using data, but find themselves lacking in ‘big’ data due to smaller number of employees or less sophistication in tracking talent-related metrics. Without some way of connecting metrics (e.g., 2017).

Employee Engagement on the Rise: Gallup survey shows increase from 2015

MapHR

For questions, Gallup used a combination of its “Q12” questions, which were also part of the 2012 and 2015 surveys, and well as questions rom Johns Hopkins. Gallup is out with a 2018 Employee Engagement survey.