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INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

In 1977, you founded the Saratoga Institute (SI), which is well-known for its work in human capital metrics. It took until 1977 to work out and test the system. Is there a place in HR for both metrics and analytics? By referring to the past (descriptive metrics) and studying the future we can determine WHAT TO DO to produce more positive results in the future; i.e.; prediction. Therefore in most cases, retention is a very valuable metric.

Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. What are recruiting metrics? What can you learn from recruitment metrics? Which are the most important metrics to track? How can I have better visibility into recruiting metrics?

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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. . If your business is moving towards a dual management structure system, gaining clarity around hiring, compensation, and performance will become even more important. Here are two distinct sets of metrics for each type of manager.

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. That’s why today’s software applications for measuring key performance metrics are so valuable.

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.

Who Wants to Be a Metric-Aire?

marenated HR

If you’ve been in HR for any amount of time, you know that people want to hear about metrics. Whether it’s a vendor telling you about their metric heavy dashboard, a VP of Talent Acquisitions spouting the metrics she watches, or a recruiting admin trying to make sense of the numbers his boss is throwing at him, metrics are a big part of the job. Are you an #HR genius but unsure about what part metrics play? Like marketing, recruiting has its own vanity metrics.

Overcoming Internal Communications Metrics Anxiety

Bonfyre

Despite the essential, strategic role internal communications metrics play in their profession, many communicators shudder at the thought of crunching numbers. Although the expansion of digital communications channels and analytics tools has increased access to measurement systems, the truth is, many communicators still struggle to strategically approach data. Even communicators leveraging digital tools are still figuring out how to make internal communications metrics materialize.

How to measure talent pipeline metrics

Workable

Talent pipeline metrics help you measure the effectiveness of your sourcing strategies in finding and engaging those candidates. Here’s a primer on five common talent pipeline metrics and how to calculate them: Source of hire. Use recruiting data from your Applicant Tracking System (ATS) to find out what percentage of your most qualified candidates each source brings in. Track this metric per position and per hiring manager. Candidate experience metrics.

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

Well, you wanted something different - and now you got it. The medical care provider announced that is recommending a new system for measuring body composition and weight distribution: the Body Volume Indicator (BVI). Benefits Wellness WorkplaceI know - you and everyone else hates Body Mass Index as a measure of what it means to be overweight. Invented in the early 1800s by a Belgian statistician, the measurement is used as a definitive benchmark: those with a score below 18.5

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. The field of human resources is changing.

Why Employees Appraisal Systems Should Measure Profit Per Employee

AssessTEAM Performance Management

Traditional performance management processes do exactly what they say on the tin: they evaluate and rate staff performance, usually using a symbolic rating system, e.g. 1-5. In the worst case scenario an appraisal system based on symbolic performance ratings could be over-compensating less profitable workers and under-valuing highly profitable workers. It’s vital that HR teams select performance evaluation software that is designed to output team and employee profitability metrics.

Applicant Tracking Systems Guide

ClearCompany Recruiting

Applicant Tracking Systems: Everything to Know & Look for in an ATS By: ClearCompany Updated: December 2017. What is an Applicant Tracking System? How Do Applicant Tracking Systems Work? Applicant Tracking System Benefits. Applicant Tracking System Pricing. Applicant Tracking System Comparison. Applicant Tracking System Articles. How applicant tracking systems work. Applicant tracking system benefits.

Is Your Applicant Tracking System Helping You Avoid Bad Hires?

Hireology

An applicant tracking system should be more than a repository of applicants and profiles. It should also provide the right insights and metrics to ensure you’re avoiding bad hires. Using Your Applicant Tracking System to Weed Out Potential Bad Hires. Rather than facing all the challenges associated with a bad hire, tap into your applicant tracking system and hiring process to help you weed applicants who aren’t a fit well before the final hiring decision.

15 employee engagement ideas to try in 2017

Interact-Intranet

Well it may be hard to believe, but even with all the attention that report’s gotten, our situation is no less dire. The report includes a number of other troubling statistics as well, such as that 51% of employees are currently looking for new jobs. Despite being bounced around for many years, employee engagement should still be a priority for 2017. You’ll be amazed at how valued that will make them feel, as well as the effect that has on their enthusiasm and work ethic.

How to Quickly Improve Any Performance Appraisal System

DecisionWise

ii] Statistics like these might account for some of the reasons why companies like Adobe, GE, and The Gap have substantially revised or even eliminated their traditional performance appraisal systems altogether. Our survey system gathers performance data upon completion of individual, discreet projects. For example, an accounting firm might use this tool to evaluate how well each of its audit engagements went during the last 6 months. Performance Reviews Need Help.

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4 Practices to Bring Your Culture of Feedback to Life

Cornerstone On Demand

So while the efficacy of a successful feedback system isn't in dispute—it can have a direct impact on HR and business metrics, including retention, new employee ramp time as well as overall business performance, profitability and share price—designing and implementing one can get tricky. Together, these four practices and the three awakenings are the building blocks for creating an effective feedback system from the ground up.

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It’s About More Than HR: Analytics Learnings from Tom Davenport and Dr. John Sullivan

Visier

stage, HR is integrating and curating their workforce data from various transactional systems , as well as developing the business acumen to tell a story with the data that will lead to better and more productive business decisions. This is because few CEOs are confident in the quality of their Human Capital metrics. Often what is shared with the C-Suite is what Sullivan calls the “So What” metrics, which elicit a “Why Should I Care?”

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

Cornerstone On Demand

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. Be transparent and open with employees about current and future needs, and make sure you have systems in place to actively guide employees to those new opportunities. One of the best incentives for retaining top talent is a strong support system."

16 Factors to Consider When Investing in an Applicant Tracking System

Career Metis

An Applicant Tracking System (ATS) automates the entire recruitment process and helps your recruiters to onboard the best top-notch candidates hassle-free. 2) System Integration. Based on the size of the organization, you are likely to integrate the software with your in-house systems.

5 Red Flags Your Talent Management System Should Tell You

Hireology

Payroll and related talent management costs can make up 70% of business expenses , so it’s critical for your talent management system to continuously identify areas for improvement. Other than paying employees, your payroll and talent management system can provide valuable insights and help inform key business decisions – especially if your payroll system is part of an integrated talent management solution.

The Secret to Small Business Growth? Invest in Your Employees

Cornerstone On Demand

2) Create a Performance Management System You know your business plan cold; you can recite the figures off the top of your head. Whether that means an investment in a small enterprise system to track performance metrics such as sales, or HR enterprise software that allows for workbench performance management and performance evaluation, make the investment from the beginning, and hold yourself and your team accountable for using it.

Why A Holistic Performance Management System Beats Using Just One Tool. Every Time.

15Five

By piecemealing, you create gaps that weaken a system specifically designed to be interlinking. Let’s take a look at what makes a truly end-to-end performance management system so important for the success of your people and ultimately, your business. McKinsey corroborated these findings through a 2017 survey in which a considerable number of responses pointed to such approaches as having no positive effect on performance. Publisher: McKinsey, 2017.

7 Possible Human Capital Management Resolutions for 2017

Lumesse

7 Possible Human Capital Management Resolutions for 2017 Published date: January 3, 2017 Home. email facebook linkedin twitter google+ 2017 is upon us.After we’ve recovered from any holiday stupor it’ll be time to return our focus to future business. What can we do better in 2017? An intelligent applicant tracking system loaded with additional recruitment functionality can narrow the relevant list of candidates to manageable levels.

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. The legendary Peter Drucker is well cited for pointed out, "you can't manage what you can't measure." 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? The metrics and models to apply them in various situations filled eight pages.

How to Improve Recruiter Efficiency By Slaying Dirty Data Issues

Visier

Your Applicant Tracking System (ATS) is filled with valuable information that can optimize your recruiting and hiring efforts; insights that can better align talent acquisition with business strategy and enable you to accurately measure your results. But it can also be caused by how the source system stores it, and just as often, the issue is that recruiters are following the wrong process and discipline.

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Reduce Gender Bias Using Data-Driven Performance Reviews

Visier

Although significant progress has been made in employers proactively pursuing policies of equal pay for equal positions, this alone will not close the gap: gender equity is a complex and systemic issue that requires action especially when it comes to performance management. Gender equity is a complex and systemic issue that requires action especially when it comes to performance management. System 1 is automatic and can help you efficiently read other people in social situations.

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A Handful Of Expert Tips To Sustainably Increase Workplace Productivity

15Five

The gist was based on Arianna Huffington’s book, Thrive : Our two main metrics for success are money and power, and they drive us to work longer hours, sleep with our phones and tablets, miss important moments with our families and impacts our health. By: Advance Systems. Learn More… Even though this article stresses the metrics and data side of performance, they clearly include the human factor.

Top 5 Takeaways from the 2017 ASHHRA Conference

Precheck

Top 5 Takeaways from the 2017 ASHHRA Conference Sep. 26, 2017. The 2017 American Society for Healthcare Human Resources Administration (ASHHRA) Conference took place this past week in the Emerald City of Seattle, Washington. Each time we onboard a new group of employees, engage in a meaningful conversation, we create a connection culture,” Gary Pastore, 2017 ASHHRA Board President, stated during the opening ceremony on Sunday.

Driving Employee Engagement Through Effective Performance Management

15Five

Companies with highly engaged employees outperform companies with disengaged employees on all accounts, including higher profitability, productivity, customer metrics and decreased turnover. Companies are ditching the annual performance review (traditionally accompanied by forced ranking systems) and revamping their processes entirely. Well designed performance management systems will fail if they are not supported by active engagement from an employee’s manager.

How High-Performing Companies Manage Employee Performance [New Research]

Lighthouse

Recently we wrapped up an amazing new project, the 2017 Lighthouse Research Performance Management, Engagement, and Business Results study. Source: 2017 Lighthouse Research & Advisory Performance Management, Engagement, and Business Results Study (n=258). al: Performance management based on forced ranking or similar systems disengages employees and harms performance.

HR TechStack – Learning Management System

WhoKnows

Learning Management System (LMS) Software Definition. Learning management systems (LMSs) are software platforms for instructors to manage and organize educational courses online and provide students a single location for all course material. LMSs are comprised of a document management component and communication capability, allowing teachers to upload course files such as rubrics, assignments, calendars, and gradebooks, as well as communicate with students via chatrooms or forums.

The Importance of Project Governance

HRchitect

An example of a guiding principle would be the determination that the system is going to drive a centralized corporate brand rather than individual localized brands. If the strategic vision is to work towards standard processes to support scalability, easier maintenance, more effective support/training, and better metrics, this principle should again be central when deep in the design trenches. Written by: Brian Kimball.

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. For example, you can look at employee absence rates and engagement data from your HR management and performance management systems, business outcome data from your ERP, and team communication patterns from a sociometric badge.

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The top 10 processes for HR automation

EmployeeConnect

Another area that can be greatly streamlined with HR automation is a company’s communication system. It also helps to make certain that newly hired personnel receive all of the needed equipment and grants of system access in a timely manner. Not receiving feedback from managers and not having good metrics leads to inaccuracies. There, personnel would process every expense item into the company’s system before it could be filed.