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4 strategic workforce planning tips to grow your business

PI Worldwide

Employee Engagement & Retention People Data organizational growth strategic workforce planning metricsBy Jillian Phipps.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. This metric is a measure of your talent competitiveness.

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Developing a Talent Analytics Function: Build, Buy, or Borrow

Lighthouse

In addition, building a need for analytics usage is similar to building the business case for strategic workforce planning. If someone walks in with a “strategic workforce plan” in a binder, drops it on your desk, and forgets about it, then they have failed at their goal.

5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. Truth #2: Integrating Multiple Data Sources Into Your HRMS Is Costly and Complex.

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6 Skills Every HR Technology Leader Must Develop Starting in 2017

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. Innovative Reasoning Based on Data. The amount of data we collect is growing exponentially.

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How HR Can Use Metrics And Data To Speak The Language Of Business

SuccessFactors

We have issues with data accuracy. This is no reason to avoid using the data—in fact, just the opposite. When you use the data, you and many others are looking at it, which helps identify and correct errors. However, problems can be hidden within aggregated data.

It’s Time for a People Strategy Revolution

Visier

Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”. News and Case Studies data-driven HR talent management

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.

3 HR Talent Metrics You Should Start Tracking Today

Namely

The talent lifecycle is rich with data that often goes untapped. But you can use this data to identify and hire top talent, create a more objective method for evaluating candidates, and invest HR resources into the right talent sources. Rather than relying on instinct or intuition, data can help inform better hiring practices and allow you to track how that hire has panned out over time. So how do you use your data to start making strategic talent decisions?

How to Measure Learning and Development’s Business Impact

Visier

Without the data that proves L&D makes an impact on the business, it’s extremely difficult to justify keeping – and expanding – the programs that are working. ATD cites a lack of : Access to necessary data, such as financial or employee performance records.

3 Ways Professional Services Firms Can Prosper

Workday

With the release of Service Performance Insight’s “2017 Professional Services Maturity Benchmark,” it’s clear the professional services industry continues to face challenges. Both revenue and headcount growth continue to decline while workforce attrition is increasing. Per the benchmark study, careful investments in workforce planning, employee engagement, and talent-driven innovation are distinguishing top performing professional service organizations.

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. The Era of Foot Locker Workforce Analytics. Impact on Business Metrics.

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital. Delivering high impact—Start with believable data.

How to Measure Learning and Development’s Business Impact

Visier

Without the data that proves L&D makes an impact on the business, it’s extremely difficult to justify keeping – and expanding – the programs that are working. ATD cites a lack of : Access to necessary data, such as financial or employee performance records. Your industry, and your company, will have their own core business metrics and it is important to understand what they are, and why they matter.

6 Things We Need to Do to Advance People Analytics

Visier

across all industries–to a more than 44% reduction in critical talent resignations to a $1-$3 million improved profit margin due to better workforce planning. Do you want to know if internal or external management consultants are used to implement workforce analytics and planning?

3 Ways Data Shapes the Talent Strategy at Tesla, Chevron, and LinkedIn

Linkedin Talent Blog

The head of Talent Acquisition at LinkedIn, Brendan Browne , is quick to admit that using data and talent analytics has completely changed the way his department is perceived by the business. If you asked the managers, they’d guess compensation—but the data pointed to a different reason.

2018 Trends to Watch: 6 Trends That Will Impact Employers

HR Daily Advisor

As 2017 comes to a close and the talent landscape continues to evolve, Randstad US released its expert analysis on hiring and workplace trends for the next year. Agile and flexible workforce models will expand.

People analytics and learning: Driving workforce development by delivering the right solution to the right people at the right time

Bersin with Deloitte

Calibrated through multiple data points, these precise solutions drive business outcomes by delivering the right intervention to the right person at the right time. The rapidly changing nature of work is creating a nearly continuous need for upskilling the workforce. The data exist.

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

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital. Delivering high impact—Start with believable data.

Upping your game: From functional experts to business advisers

Bersin with Deloitte

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. 2017 June).

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Your Guide to HR Career Paths

Namely

With a one-person HR team, administrative duties often take priority over strategic initiatives, like employee experience, workforce planning, or company culture. The HR Data Analyst. The HR Data Analyst tracks metrics throughout the talent lifecycle to inform better processes.

People Analytics: We Aren’t in the Curiosity Business

i4cp

The objective of this six-part series is to strengthen and advance core competencies in workforce analytics across all four of i4cp’s exclusive member Exchanges ; practitioner working groups focused on performance management and engagement, executive and leadership development, strategic workforce planning, and workforce analytics. The focus of the July meetings for each Exchange is Data Governance.

Upping your game: From functional experts to business advisers

HR Times

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. 2017 June).

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HR TechStack – Performance Tracking

WhoKnows

Retain historical review data or integrate with third-party applications where historical data can be maintained. There is a lot of software & cloud based apps for modern workforce, at WhoKnows we have handpicked 68 most popular, widely used & recognized vendors in the market.

Healthcare’s Looming Talent Troubles

HRExecutive

healthcare labor market analysis from Mercer compares future supply and demand of workers to project workforce availability across 50 healthcare occupations through 2025. These high-growth jobs will likely have gaps in demand and supply of workers,” said Jason Narlock, senior consultant, Workforce Strategy and Analytics at Mercer, in a company statement. Mercer recommends employers should: Understand full exposure to potential workforce risks – both external and internal.

A Talent Map for the Future

i4cp

But it’s what HR leaders must do daily—forecast workforce needs, and anticipate new technologies and talent trends that will shape how the organization does business. 2 to attend his workshop, “Enabling Agility with HRBPs and Workforce Planning,” hosted by Dow Jones. Or plan to allocate fewer resources to areas where business is not as robust? Predicting and preparing for what lies ahead is a tough job.

5 Must-Read Talent Acquisition Articles of 2016

Visier

As you get ready for 2017, here are some must-reads for Talent Acquisition leaders and practitioners: Thriving In A Data-Driven World. Measure for Measure: The Evolution of Recruiting Metrics. Closing the Loop: Linking Workforce Planning, Analytics, and Hiring.

People Analytics Isn’t as Hard as You Think—Nielsen Proves Why

Linkedin Talent Blog

Around the same time, Mathur and his team were trying to put hard data behind that very problem after finding that company-wide attrition had been rising. When thinking about what data you want, it’s easy to get quickly overwhelmed.

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How Four Companies Enable their HRBPs with People Analytics

Visier

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. The answer was a resounding yes and the numbers on the data savvy aspect were even lower for some.

New Report Reveals the Trends That Will Define Recruiting in 2017

Linkedin Talent Blog

Nope, it’s not too early – it’s time to start for planning for 2017. To help with that, we just released our annual Global Recruiting Trends 2017 report. Relying on data to pinpoint locations where the supply of talent is higher than the demand is a crucial first step.

Post-Brexit Workforce Challenges: How to Strategically Plan Through Ambiguity

Visier

In times of uncertainty, strong people leaders who can rapidly define and shape the workforce required to strategically position the organisation for success offer more than a competitive advantage. Strategic Planning Through Ambiguity: An Opportunity for HR.

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EHRG Annual Conference May 7th and 8th hosted by Entergy

Vemo

Several of the energy group members participate in an annual survey that provides valuable industry benchmarking and Vemo looks forward to presenting the 2017 results live at the conference.

11 HR Analytics Courses Online

Analytics in HR

Courses range from top-level analytics knowledge, to actually doing analytics, basic statistical knowledge, HR data and metrics, and more. This course aims for the HR professional who wants to get started with data. Connect different data sets. Clean and structure data.

Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

HR needs to take a compassionate approach to reducing nurse burnout and, strange as it may sound, people analytics and data can truly help in the effort to see the issues from the nurse’s point of view. How to Leverage Data as Your Diagnostic Tool.

Cognitive computing is a game changer for HR

Bersin with Deloitte

Having access to large amounts of structured and unstructured data (both from within the organization and externally) paired with the ability to process data quickly and inexpensively is what makes cognitive computing a game changer. Deloitte LLP 2017.

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

Artificial Intelligence for HR: Use AI to Support and Develop a Successful Workforce. Artificial Intelligence for HR empowers HR professionals to leverage this potential and use AI to improve efficiency and develop a talented and productive workforce”. Lyndon Sundmark (2017).