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Employee Retention: Tomorrow’s Recruiting Metric

Lighthouse

Today I want to talk about first year retention, a measure that I believe is going to continue to grow as a recruiting metric, even though many companies wouldn’t consider it even remotely linked to recruiting as of today. Well, that depends on several things, including the recruiting process. The future of recruiting metrics. The post Employee Retention: Tomorrow’s Recruiting Metric appeared first on Lighthouse Research & Advisory.

Increased Use of Metrics, Incentives among 2017 Wellness Program Trends

HR Daily Advisor

An increased use of metrics, incentive and wearables are three trends in wellness programs according to a survey conducted among 8,000 of America’s Healthiest Employers, a leading independent recognition program for U.S. The survey report, The State of Corporate Wellness, conducted by Springubk and Fitbit Health Solutions, reveals what America’s healthiest employers are doing to keep their workforce engaged and healthy.

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Recruitment process effectiveness metrics FAQ

Workable

Metrics help you identify strengths and weaknesses of your hiring process. What is the “Screened Candidates to Face-to-Face Interviews” metric? What is the “Face-to-Face Candidates Interviewed to Offers Extended” metric? What are talent pipeline metrics? What talent or recruiting pipeline metrics should we be tracking? Track this metric to: Evaluate how effective your recruiting methods are in attracting suitable candidates.

The New Definition of “Passive Candidate”

The Tim Sackett Project

The Passive Candidate Definition from ten years ago: “A Passive Candidates is someone who is being considered for a position but is not actively searching for a job.” I don’t think our definition of Passive Candidate matches that of our hiring managers current definition of passive candidate! Well, this is a bit of marketing that TA played on the hiring manager to fill positions. Okay, we get it, Mrs. Hiring Manager, you want passive candidates!!!

Key HR metrics: The most important metrics you should track

Workable

HR metrics measure how effective the results of your HR operations are, including elements such as employee retention and recruiting. But, your time is limited and you probably can’t track every metric in the book. So what are the key HR metrics that should be part of your standard HR metrics dashboard ? Here’s an overview of HR metrics that matter: What are the most important HR metrics? These key HR metrics include: Cost per hire.

You Hate BMI: Scientists Now Have Another Fat Metric You Can Hate Instead.

The HR Capitalist

Invented in the early 1800s by a Belgian statistician, the measurement is used as a definitive benchmark: those with a score below 18.5 Well, you wanted something different - and now you got it. Benefits Wellness WorkplaceI know - you and everyone else hates Body Mass Index as a measure of what it means to be overweight. are underweight, those who fall between 18.5 and 24.9 are normal, those between 25 to 29.9 are overweight, and those 30 and higher are obese.

4 Key Reporting Metrics for HR Leaders

Motus

This same line of thinking also applies to which HR reporting metrics leaders should focus on to achieve business success. This definition of success will also vary from business to business. According to the HR Daily Advisor, a good first step when choosing metrics for your Human Resources team is to fully understand and align with business objectives defined by other members of your executive leadership team.

4 Key Reporting Metrics for HR Leaders

Motus

This same line of thinking also applies to which metrics HR leaders should focus on to achieve business success and this definition of success will also vary from business to business. According to the HR Daily Advisor, a good first step when choosing metrics for your Human Resources team is to fully understand and align with business objectives defined by other members of your executive leadership team.

Last Week in Talent - May 15, 2017

Entelo

In other news, customer success startup Gainsight announced a $52M round led by Lightspeed Ventures (if you don’t know who they are, your customer support team definitely does), Apple is investing $200M in upstate New York-based glass manufacturer Corning to develop state-of-the-art glass, Mya raised $11.4M and Glassdoor helpfully breaks down the differences between Millennials and Generation Z (if you're like me and didn't know Generation Z existed, then definitely check that out).

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6 Steps for Making Smart Decisions With Wearables Data

Visier

As this story shows, wearables can yield some definitively actionable insights for employers, and their potential extends far beyond using fitness trackers as part of wellness programs. This will help you select the right metrics to investigate.

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Leadership Insights: What To Do When Your Employee’s Heart Just Isn’t In It

15Five

Well, not according to this disheartening Gallup post : Measuring workers’ contentment or happiness levels, as well as catering to their wants, often fails to achieve the underlying goal of employee engagement: improved business outcomes. They also suggest a data-driven approach, where upper management should hold managers accountable for measuring engagement and how it relates to performance metrics. But not at the expense of employee wellness.

Why Hiring More HR Analysts Won’t Improve Your Analytics Function

Visier

An over-reliance on Excel spreadsheets, as well as inefficient analytics tools and processes, causes HR analysts to spend 80% of their time on average doing data cleansing, mapping, and validation, and only 20% doing actual analysis. The time spent reporting on metrics also takes away from the deeper analyses into underlying trends, risks, and predictive models.

5 Sure-fire Ways Even the Most Well-Planned Wellness Program Can Fail

Viverae

Building a wellness program that fires on all cylinders can sometimes feel like waking up early on a Saturday. In addition to ensuring that your program design aligns with your company objectives, you also need to think about ways to encourage engagement, decide on a set of metrics to measure the results of your efforts, and consider all the other variables that go into your program.

Employee Referrals: A Players, Diversity Hiring, and Key Benefits

UpstartHR

Another expert says that referrals should be one of the top metrics that talent acquisition leaders focus on. From an analytics perspective, being able to track quality of hire, time to fill, and other metrics and tie them back to the referral source is an incredibly valuable practice. Expanding Your Diversity Definition : In a conversation last month with the head of human resources for a U.S.-based Employee referrals are not a new topic in the HR and recruiting space.

Workplace Wellness Programs Track Your Health, But How Far Should They Go?

SuccessFactors

Employee wellness programs have taken off in our “FitBit-ized” lives. But as connected wearables track our body’s every movement (often with questionable accuracy), larger questions are bubbling up about our employer’s ability to use that data to increase our well-being while lowering company healthcare costs and boosting productivity. Being healthy is good for people, so it must be equally good for their employers, right? Not so fast.

4 Strategic Drivers of General Motors’ Adoption of Recognition Technology [Case Study]

Lighthouse

Some quick stats on GM, one of the most well-known companies in the world: More than 170,000 employees globally. — Ben Eubanks (@beneubanks) September 12, 2017. Garcia and the HR team understood the value of engagement to the business in terms of innovation, customer satisfaction, and quality, which creates a powerful business case for this metric. " That "plus some" is the definition of engagement and the value it brings for @GM workers.

Career Experience Management: Developing the Potential of Your Human Workforce

WorkHuman

Personalized, latticed careers – which have lateral, diagonal, as well as vertical options for progression – are filling the vacuum slowly, but require concerted attention to formulate. The result is a more well-rounded and valuable employee who stays longer. Metrics to capture temporary responsibility should be enabled to measure employees’ progress properly. Contractors need meaningful support as well, including access to tools and relevant confidential files.

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 desire to explore the relationships between metrics and know with certainty what levers are pulling workforce trends has ushered in the era of Workforce Analytics (a.k.a. ‘HR These metrics help you accomplish this task: Resignation Rate.

What Is Performance Appraisal? – Examples

EmployeeConnect

The performance appraisal definition can vary tremendously depending on the organisation and how much weight managers and executives give to the process. The generic performance appraisal definition is that the process involves the systematic evaluation of employee performance. Well-conceived development plans provide thoughtful suggestions about how employees can increase their skills and earn promotions in the organisation.

The Competitive Advantage of An Engaged Employee

EmployeeConnect

Furthermore, organisations who have achieved high engagement scores are seen to perform much better in the major operational areas such as absenteeism, productivity, safety, quality, turnover, customer metrics, shrinkage, and profitability compared to the companies with low employee engagement scores. The response is a definite ‘yes’. If you asked a group of CEOs ‘what’s your competitive advantage?’,

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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. Without accurate data, metrics and operational reporting may as well not even exist.

How Macroeconomics Influences HR in the Financial Sector

Get Hppy

To some, macroeconomics is merely the study of individual metrics and how they influence the behaviour of the aggregate economy. This is a basic and not entirely satisfying definition since it also focuses on trends within the economy and the impact that they have on business practices such as recruitment, payroll and employee benefits.

Empathy: Corporate Performance Enhancer?

China Gorman

A carbon metric was added in 2016. Or are they on the list because they pay people fairly and well; have intelligent, approachable leaders; are competitive in their sectors and have business plans that take advantage of – and lead – their market conditions? It will definitely get you thinking. If you’ve heard me speak on “Humanity Means Business,” you know I pay a lot of attention to the intersection of corporate culture, business performance, and people.

Annual Employee Performance Evaluations, 360 Peer Reviews And Other Common HR Mistakes

15Five

CM: I have definitely been on the far end of this since 2009. Or they look at one metric once a year around cost of labor or cost of living. Then the respondents give you really quality feedback about where you do well, where your needs lie, and what their concerns are. It’s annual performance review time! Cue groans from every employee and manager in America.)

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Want To Improve Your Business Outcomes?

China Gorman

Workers: Increasingly Confident and Ready to Leave, and The Competitive Advantage of Engaging Employees, should be required reading for all leaders as well as HR folks. While there are many definitions for employee engagement, this really caught my eye in the report: “Some leaders and managers believe the ultimate goal of employee engagement is higher levels of worker happiness and satisfaction.

are your employees as engaged as they say they are?

O.C. Tanner

Organizations struggle with not only what and how to measure, but also with the very definition of engagement. Given the multiple explanations of engagement that exist in the industry, I will focus not on the definition of employee engagement but rather on the mechanism of measurement. An engagement scorecard provides a more comprehensive view by tracking metrics around engagement beyond just the survey score. So how does one use these metrics?

Leave It Better: Our Engineering Hiring Process

Kazoo

I strongly believe leadership has a prominent role in preventing these sorts of toxic cultures, and I have seen firsthand how they can disengage current employees as well as recruiting prospects. It’s talked about a lot, and it’s definitely an issue. Yes, the headlines have definitely had an impact, but the thing that’s most impactful is that even without these really salient incidents, we have people that we’ve brought on that are really empathetic and fair.

High-impact operating model design in action

HR Times

Posted by Tiffany McDowell , Uzair Qadeer , and Julia Rudansky on September 20, 2017. A model, by its simplest definition, is a prototypical system used as an illustration to follow or imitate. Uzair has delivered transformative organizational strategies work both in the United States as well as internationally. Part 1: Reducing the risk of a failed transformation.

Is Autonomy Important In Your Job? They Think So. - DecisionWise

DecisionWise

Despite this clear definition, there are a lot of misconceptions about autonomy. In other words, hire GOOD people, give them what they need to do their jobs well, and get out of their way. Well as it turns out he was a big dog lover. The response was tremendous, and our online reviews came pouring in, and we also got some great social media coverage out of as well with our customers sharing the card, and treats to their Instagram Facebook pages.

Using Employee Surveys Effectively: A Kazoo Q&A

Kazoo

” We sat with Kim Dawson, Kazoo’s Director of Employee Experience, to talk about the importance of surveys and how they can be used correctly — as well as common mistakes organizations make resulting in ineffective processes. Surveys should definitely tell you as a company what employees value and what you could be doing better. At organizations of all sizes, employee surveys remain a consistent, go-to tool for gathering feedback.

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5 Steps To Improve Culture Through Feedback

Reflektive

By definition, culture is a shared set of beliefs, values , and practices. Objective and measurable, this specific skill can be tracked directly within day to day interactions in real-time as a metric that helps culture become much more real, manageable, and effective as the foundation for high-performance teams. Why does this work so well as opposed to other feedback tactics?

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How to create a great candidate experience

Workable

That’s because the candidate experience definition is “how candidates feel about your company once they experience your hiring process.” Being well-organized starts with planning your hiring strategy by identifying gaps you need to fill — and who would be best-suited to fill them. This improves the efficiency of your entire hiring process and returns better time to hire and time to fill metrics. Related : Frequently asked questions about candidate experience metrics.

Recruiting By Chatbot: 4 Ways HR Tech Can Take Us Higher

TalentCulture

The challenge is making the data unified so you can utilize it and create metrics that mean something. As we become far more used to working digitally that means being able to scale down as well as up — the same camera, with a different lens. To me, this is the whole point and why I continue to champion innovation as well as keeping the human in HR. And then we can apply those lessons to the next generation of employees, which may well be partly generation Bot.

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Diversity Considerations in Compensation: Part 2 – Workplace Currency, Manager Favoritism

Compensation Today

In our first diversity and compensation post , we covered how to identify and resolve inequities within your current compensation practices, as well as the pros and cons of a self-audit. One definition of favor is “unmerited like” — which is to say, favor has nothing to do with your performance in the workplace; it’s something someone grants you simply because they like you for you. A metric-driven, performance-based plan is a nice way of taking favoritism out of the mix.

How To Reduce Employee Turnover with Workforce Analytics

Visier - Talent Acquisition

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 desire to explore the relationships between metrics and know with certainty what levers are pulling workforce trends has ushered in the era of Workforce Analytics (a.k.a. ‘HR These metrics help you accomplish this task: Resignation Rate.