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?

Without Retention, Diversity Efforts Fall Short

Reflektive

Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. The study found unfair treatment is the single largest factor in turnover across all groups and it is significantly more pronounced in the tech industry than other industries (42 percent of tech-industry leavers versus 32 percent of technical-role leavers in non-tech-industry fields).

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”.

Move Over Retention, It’s All About Attraction Now

TLNT: The Business of HR

Retention is a key metric for most companies. Particularly when it comes to retaining the top performing people, tracking turnover can uncover problems as well as identify successful practices and managers.

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?

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

The True Cost of Turnover for Human Service Organizations

DATIS

Unfortunately, this industry is notorious for high turnover rates, with organizations often reaching turnover as high as 40%. While all industries experience turnover and its internal impact on culture and employee morale, there are several factors that make high turnover particularly threatening to the success of the Human Service organizations. Consequently, high turnover results in a significant financial loss. Combating High Turnover.

Mission Transparency: Greater Sense of Job Meaning Reduces Turnover

Compensation Today

Fight Turnover with Transparency. Lastly, we’ll close with an employee engagement metric very close to employers’ hearts: retention.The study found that if workers believe they’re doing good, they’re far less likely to be seeking a new job in the next six months.

Full Circle Data Collection: An Approach for Reducing Turnover

SMD HR

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 HR

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

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our recent article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

Why Tenure Metrics Matter: The Value Of A Stable Workforce 

SuccessFactors

Employee tenure is one of the oldest human capital metrics. But research indicates tenure is a valuable metric of workforce stability that can help companies maintain steady performance in a world of accelerating change. But tenure is not a trivial metric to be ignored.

Cafe Classic: We've Gone Too Far With Metrics!

Compensation Cafe

It's also interesting to note that a number of these points were raised early on in the advent of HR metrics by our own Stephanie Thomas -- clearly they still bear consideration today. I love metrics. we've officially gone too far with metrics.

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.

Actionable Tips for Improving the Employee Experience, Turnover & Patient Satisfaction

SMD HR

We recently conducted a study that focused on uncovering the key factors that impact two healthcare metrics – employee turnover and patient satisfaction (HCAHPS). In one instance, the client reduced their Registered Nurse (RN) turnover from 19.8% In another example, the client reduced their turnover rate from 28% to 24% across the organization, resulting in a savings of more than $8 million. 2014 National Healthcare and RN Retention Report.

Stop Creating HR Metrics! You Already Have What You Need #TSLive17

The Tim Sackett Project

I was out at Halogen’s TalentSpace Live 2017 event this week speaking to great HR pros and leaders. Patty made a statement that stuck with me: “The metrics to running HR are already in the business, you don’t need to create new ones!” What she was talking about was HR shouldn’t be focused on HR metrics, HR should be focused on business metrics (Profit, Revenue, Net Income). Senior leaders don’t care about retention.

Measuring Employee Satisfaction Through Voluntary Turnover

Benefit One USA

Although there’s no such thing as the “perfect job” (or the perfect employer, for that matter), odds are that high turnover means there’s an issue in one or more of these areas. As managers, it’s our responsibility to keep on top of these trends to ensure maximum satisfaction and, consequently, high retention as well. Based on trends measured by CompData surveys, the gap in voluntary turnover from one area to the next can be quite significant.

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?

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? Recently, i4cp assembled a collection of some of the top D&I metrics used by high-performance organizations—those considered leaders in profitability, revenue, market share, and customer satisfaction over a five-year period.

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.

Data 247

The Questions Leaders Ask When Great Talent Leaves

The Tim Sackett Project

Employee Turnover is a major problem in the majority of organizations, and it’s going to get worse. This happens all the time, especially in organizations that segment and track turnover by performance and hold managers accountable to this metric. For me, I think the best organizations at controlling turnover are the ones where the leadership asks certain questions when they see their best talent leave.

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

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 to Get 100% Participation and a Committed Team

WorkHuman

And these companies experience staff retention that is completely out of whack with industry standards. percent annual staff turnover in an industry where 35 percent is normal. Wegmans Food Markets, with 58,000 people, has turnover in the 2-3 percent range where 38 percent is common.

Power of Pods: Teamwork in the Workplace

DATIS

Example: As a working example, let say that an organization wants to assemble a cross-functional team of executives to address a Recruiting & Retention problem. Set Metrics for Success: What goals will they work toward?

How to Measure Learning and Development’s Business Impact

Visier

While you focus on training scores, learning retention, trainer assessments, etc, the business will be thinking about revenue, profit, customer satisfaction, same store sales, cost per unit, return on capital, and many other metrics.