Remove 2017 Remove Data Remove Retention and Turnover Remove Workforce Planning

Developing a workforce plan to support strategic objectives

PI Worldwide

Employee Engagement & Retention turnover rate employee retention strategic workforce planning retention turnover data managementBy Elsbeth McSorley.

The Future of Workforce Planning

HR Daily Advisor

Employee turnover is extremely expensive, costing up to 1.5 One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements. Workforce planning examines the entire employee lifecycle and determines how to best recruit, grow, deploy, optimize, and retain employees. In addition, the future of workforce planning involves 3D modeling.

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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. However, knowing your turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. The Era of Workforce Analytics.

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. However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? The Era of Foot Locker Workforce Analytics.

Top Conferences for Talent Acquisition Leaders in 2017

Visier

The global economic recovery has moved power from employers to employees, turning talent into a seller’s market—and making the workforce a core strategic concern for the c-suite. RecruitCon 2017. When: May 11-12, 2017. When: June 26-28, 2017. When: September 26-27, 2017. This conference is designed for a diverse group of leaders in talent acquisition, recruiting, workforce planning, talent management, employment branding, and data analytics.

Curbing Employee Turnover Contagion in the Workplace

Visier

Finally, in late 2017, a team of Chinese scientists traced the virus back to a population of bats in a remote cave. Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. Turnover contagion happens when people quit their jobs simply because other people are talking about leaving, job searching, or actually jumping ship. Otherwise, examining project team data can be of benefit.

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition. Although companies generally have useful workforce data distributed across the business, fewer than 22% of those surveyed by Harvard Business Review felt able to leverage this data.

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. But while organizations have embraced data collection and reporting, data analysis remains in its infancy for all but the most sophisticated companies.

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Using people analytics to improve health care performance

HR Times

Posted by Brian Augustian on August 18, 2017. Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Yet, the successful use of data analytics in other industries could indicate that it’s time for health care systems to up their game. Using data to drive more effective health care workforce planning.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier - Talent Acquisition

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. A high turnover rate puts hospitals at risk by increasing costs and potentially impacting the quality of patient care. The good news is that using workforce intelligence to understand what drives turnover can help your organization improve retention rates. Here’s the information you need to start improving nurse retention.

Developing a Strong Hiring Plan

HR Daily Advisor

What can you do to make sure your hiring plan is solid? Today we’ll look at workforce analysis. A workforce analysis can identify those gaps so that employers can develop an actionable plan. And HR professionals who take the lead in this workforce analysis and planning will be positioned as strategic leaders rather than crisis managers. spoke at BLR’s 2015 Advanced Employment Issues Symposium and described the talent-planning process in four steps.

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. Does decreased turnover as a result of more training hours lead to an increase in sales? Recommended Read: Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

In this series, Allison McConville, Visier’s VP of Human Resources , will share how you can use data to support the people moments that matter, enabling the best decisions for both your employees and your organization. Strategically using workforce analytics to optimize salaries and rewards can help HR positively impact the bottom line while also providing employees with fair wages. . Recommended Read: The Recruiting Data Goldmine Your Applicant Tracking System Is Hiding ].

People analytics: Does Your Organization Run Data-Driven Processes?

Empxtrack

Changing human resource management to a data-driven mindset can be challenging. However, being data-driven is vital for a forward moving business. Data analytics measures success of HR initiatives and helps in making well-informed decisions. Organizations need data to back up even the smallest decisions. But is it meaningful to make decisions about employee behaviour from a bunch of data points? HR reports and analytics support workforce planning.

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. Does decreased turnover as a result of more training hours lead to an increase in sales? Recommended Read: Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls.

Using people analytics to improve health care performance

Bersin

Posted by Brian Augustian on August 18, 2017. Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance.

Retain the Best Employees and Develop More Talent

InforHCM

Turnover rates decline and employee satisfaction improves. Talent management requires four business management components: Workforce Planning. Recruiting and Retention. This is the foundation and provides a single source of core HR data. A single source assists the human resource department and the departments they support manage and maintain core aspects of the workforce. Data Management and Integrity. Improve employee satisfaction and retention.

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Deloitte’s 2017 Global Human Capital Trends report tells us that 71 percent of surveyed executives see people analytics as a high priority, and are applying it to talent challenges, as you might expect, particularly in recruiting and also in performance measurement, compensation, workforce planning, and retention. Delivering high impact—Start with believable data. Deliver data that matters to the business.

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?

The Sharp Drop-Off in Worker Happiness and What You Can do About it

TalentCulture

As I began reading his announcement, I fully expected it to be an animated recounting of all the new hobbies he planned to pursue and exotic trips he intended to take. Because of scarce resources, few opportunities for development and promotions–not to mention the fact that people often have been required to do the work of more than one person–a lot of our workforce is burnt out. Our brains are great at building strategies, managing capital, and analyzing data.

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.

One Size Does Not Fit All

Vemo

Now, with a more data-driven approach, a leader can either back up or refute their instinct and make more informed strategic decisions. For example, our turnover driver solution allows organizations to look at any population breakdown within their workforce and identify what the primary drivers of turnover are across that population and for key individuals within it. Finding the rightly fitted retention measure for each individual employee is efficient and invaluable.

These Are the 5 Types of Jobs with the Most Turnover

Linkedin Talent Blog

Marketing roles had the highest turnover rate of any job function—an impressive 17%, according to our latest analysis of LinkedIn professionals. That’s more than 50% higher than the global turnover average of about 11% , as defined by the percent of LinkedIn members who indicated they left a company in 2017. And admit it—you’re probably a little curious about where your own profession stacks up in the turnover rankings.)

Building Talent Within

Vemo

Building talent from within not only makes sense fiscally, it is also known to be a strong internal retention driver, creating stability. If companies are to pour resources and time into high-potentials who will soon be filling critical gaps, then having an intelligent plan is vital. Many question arise when you are putting together a build-from-within plan. For instance, organizations can use data-driven flight risk predictions to determine where their critical gaps will be.

TalentGuard Announces New Reseller Partnership in Latin America

TalentGuard

Austin, Texas – April 10, 2017 – TalentGuard, the Predictive People Development company, today announced that WWT has joined the TalentGuard Channel Partner Network. Through this partnership, WWT broadens its talent management offering enabling customers to better manage their workforce and deliver cost-effective services to the LATAM region. It’s a flexible, cost-effective and intuitive solution for companies doing strategic workforce planning.

Unlocking Human Potential

Vemo

According to a recent Wall Street Journal article, Wal-Mart is planning to make a significant investment of both time and dollars “upskilling” their entry-level employees. They are seeing the highest percentage of turnover in the first eighteen months of employment and struggling to apply the correct measures to retain and engage new talent. By applying some of these measures companies are greatly increasing employee retention and also saving a ton of money to boot.

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. Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. ADP Workforce Now.

HR TechStack – Employee Engagement Software

WhoKnows

Organize and maintain data collected from pulse surveys for reporting purposes. Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. We founded Bonusly because so many vital contributions go unrecognized and unrewarded every day, leading to disengagement, and employee turnover. SocialChorus is the only employee communications platform for complex, distributed workforces.

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HR TechStack – Applicant Tracking Systems

WhoKnows

Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. ADP Workforce Now. ADP Workforce Now is a human capital management solution for companies with more than 50 employees. The fully integrated suite is built on a single database, which automates data synchronization across different components and helps users to minimize manual administrative tasks. Kronos Workforce Ready.

Everything You Need to Know About HR Analytics

Reflektive

Deloitte’s 2017 Global Human Capital Trends report found that 71% of companies rate people analytics as a high priority in their organizations. Human resource analytics is the process of gathering and analyzing data regarding human capital, then using those insights to make data-driven HR decisions. Common data points used by HR analysts include employee databases, performance reviews and feedback, salary and work history, attendance records, surveys, and demographic data.

How People Analytics Delivers Financial Impact [New Report]

Visier - Talent Acquisition

However, the financial impact of having this data is something that organizations can’t afford to ignore. These are the employee lifecycle activities from hiring to retention, as well as organizational effectiveness activities from optimizing planning to optimizing productivity. . When organizations take advantage of workforce data to inform their people decisions, research shows that they outperform those that don’t.

3 Reasons Why People Analytics Should Be a Priority for Every HR Team

Linkedin Talent Blog

We’ve run the numbers and the results suggest that it’s time for HR professionals to add data analytics to their tool belts, if they haven’t done so already. And according to Deloitte’s 2017 Human Capital Trends report, 71% of companies see people analytics (also called talent analytics or workforce analytics) as a high priority, though only 9% believe they have a strong idea of which talent dimension drives performance in their organizations.

Reshaping Talent Management in the Millennial Era

TrustRadius HR

If a role fails to fulfill their expectations, the next-generation workforce will gladly trade it in for another opportunity. 2017 saw a steep rise in employee turnover rates, and 2018 doesn’t look any better. Succession Planning.

Reshaping Talent Management in the Millennial Era

TrustRadius HR

If a role fails to fulfill their expectations, the next-generation workforce will gladly trade it in for another opportunity. 2017 saw a steep rise in employee turnover rates, and 2018 doesn’t look any better. Work Institute’s retention report predicts a hike in voluntary turnover. The major issue is that retention isn’t owned by anyone in the organization. Outdated employee engagement programs are non-responsive to the demands of this workforce.

How Merck KGaA Uses People Analytics to Win in the New World of Work

Visier

Big Data is one of the buzzwords of digitalization. The analysis of large quantities of revealing data from many areas of professional and private life is here to stay. Big Data plays just as crucial a role in online shopping as it does in the financial sector, or in using a navigation device to find the fastest route. For instance, only 8% of respondents reported that they had usable data at their disposal. This article first appeared on LinkedIn in May 2017.