Remove 2017 Remove Metrics Remove Productivity Remove Retention and Turnover

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. Why should HR make employee retention a priority?

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken.

How To Link Recruiting Metrics To Business Outcomes

Cornerstone On Demand

According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function. The importance of demonstrating quality of hire is nothing new, but how do you actually measure this metric? a 40 percent retention rate).

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.

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. Why should HR make employee retention a priority?

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention.

HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. Although constantly recruiting and training new employees is expensive, it is the ancillary effects on productivity, customer satisfaction, manger effectiveness and engagement metrics that truly impact the overall business operations. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”.

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

Visier

This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover.

HR State of the Union: 2017 Edition

UpstartHR

UCF -Demonstrated specific metrics around HR performance, from increased screening measures to specific training points and diversity improvements. Common metrics? Are they performing and productive?

Full Circle Data Collection: An Approach for Reducing Turnover

SMD

reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Lifecycle Turnover

Full Circle Data Collection: An Approach for Reducing Turnover

SMD

reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Lifecycle Turnover

Why Tenure Metrics Matter: The Value Of A Stable Workforce 

SuccessFactors

Employee tenure is one of the oldest human capital metrics. Defined as “length of time in a role or organization,” tenure is frequently criticized as a poor measure of employee productivity. More tenured employees may not be the most productive.

2017 Annual Recruiting Survey

HR Daily Advisor

The HR Daily Advisor research team conducted the 2017 Annual Recruiting Survey in January 2017. A total of 413 participants responded to the 2017 Annual Recruiting Survey , representing a diverse array of industries, business types, organizational sizes, and locations.

3 HR Talent Metrics You Should Start Tracking Today

Namely

Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. Then establish standards for what “good retention” means.

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process. Turnover/Retention – What is my new hire turnover?

Influence Your CEO With WOW And OW! Talent Data

Visier

This “think piece” is designed to challenge your thinking on talent metrics/analytics. In my view, a significant part of the CEO dissatisfaction comes from the weak metrics and analytics that HR has been providing them. Recommended Read: 7 Ways to Improve your Hiring In 2017.

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Power of Pods: Teamwork in the Workplace

DATIS

This is driving many executives to rethink the traditional organizational structure that can stifle productivity, communication, and innovation. Set Metrics for Success: What goals will they work toward?

eNPS Score Is the Core of Data-Driven HR

Reflektive

More and more, insights based on data are becoming essential to human resources, particularly when it comes employee retention and engagement. But what if companies used similar metrics to evaluate employee engagement as they do for customer loyalty? Data drives business.

Data 141

How to Get 100% Participation and a Committed Team

Globoforce

No company would ever put up with 30 percent productivity from a machine, and thankfully, some companies have found the key to fixing it with their people. And these companies experience staff retention that is completely out of whack with industry standards.

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).

Put Your Employee Engagement Data to Work in 5 Steps

Visier

And in spite of numerous innovations in engagement tracking , there is a huge gap between employee engagement data (even if it’s been effectively collected) and information about actual workforce outcomes, such as retention of key talent. These are tools that simply monitor isolated metrics.

10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making.

Data 263

5 Learning and Development Questions You Can’t Answer Without Analytics

Visier

Without strong Learning and Development (L&D) programs, employees may have a harder time being productive, moving up in the organization, and contributing to financial performance. Additionally, it can also lead to lower employee engagement and increased turnover.

The 15 Best Quotes on Employee Engagement from Gallup’s 2017 Report

EngagementMultiplier

The Gallup 2017 State of the American Workplace report is the finger on the pulse of employees in America – how much they love or hate their work, when they’ll leave, and how engaged they are. Here’s what Gallup has to say about employee engagement in 2017. On Retention.

Survey: 93% of Managers Need Training on Coaching Employees

Globoforce

To recap, here are the four findings and their respective posts: The top three workforce management challenges faced by organizations today are retention/turnover, engagement, and recruitment. ( The Proven Links Between Retention and Employee Experience ).

What is Talent Brand Management?

Everwise

The benefits of a strong employer brand are manifold : higher job posting response rates, better qualified applicants, lower new employee turnover, improved workplace culture, alignment between employee and organizational values, increased motivation, and so on.

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017

SnackNation

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. Companies with a solid strategy to recognize team members enjoy stronger engagement, increased employee morale , better customer service, and lower turnover.

What You Need to Know About the Changing Function of HR

Reflektive

While traditionally HR focuses on benefits and compensation, overseeing employee engagement and retention, recruitment, diversity, workplace issues, or installing new processes under budget, the new function is a strategic business unit. Unfortunately, it took a crisis of high turnover rates and low employee engagement for this fact to come to light. People drive productivity, innovation, creativity, and execution, which all impact a business’ bottom line.

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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. This equates to higher productivity and performance from day one, which is critical for SMBs that don’t have extensive resources to train and develop competencies in new hires.

The ROI of Onboarding

Everwise

Any HR professional working right now can tell you how costly turnover is , and speak to the importance of careful hiring. Among its cost-saving benefits, increased retention means less negative externalities to company culture and a strengthening of institutional knowledge.

Using people analytics to get to High-Impact HR

HR Times

Posted by David Fineman on August 3, 2017. Without accurate data, metrics and operational reporting may as well not even exist. These limitations can make interpreting metrics difficult for key stakeholders and those who use the insights gained from the reports to make decisions.

The Best Employee Retention Articles and Resources from Across the Web

ForUsAll

High turnover to contend with? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help. Here are all the employee retention articles and resources you’ll need to get informed, get inspired, and get going. General Employee Retention Articles.

4 Ways Leaders Can Shape Company Culture To Impact Revenue & Profits

15Five

But damaging a company’s culture while raising profits is counter-productive. A strong company culture doesn’t just make for happier employees; it makes for more productive, efficient and committed employees. Happy employees are, on average, 12 percent more productive.

5 Ways to make office work more interesting

Interact

BrightHR’s study of 2,000 employees, conducted by Professor Sir Cary Cooper, has shown that incorporating fun into the workplace can have countless good effects including reduced stress, lower turnover rates and increased productivity.