Remove 2019 Remove Data Remove Metrics Remove Retention and Turnover

What Is Employee Turnover and Employee Retention?

Bonusly

When we talk about employee turnover, we mean the number of employees who leave an organization over a specified timeframe, typically one year. On the other hand, employee retention is number of employees an organization keeps during a given period. Who is responsible for turnover?

How Does Turnover Impact Your Organization’s Bottom Line?

Visier

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

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Improve Your Company Culture Using Data

Visier

In an interview with ic4p , Genentech, a global biotechnology organization, shared how they used attrition data paired with people analytics to understand which employees were at risk at their organization. By using attrition data, they found that commute time doubled within the last 15 years.

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Planning for 2019

HSD Metrics

If you’re not sure where to begin, one easy resolution to start in 2019 is solving for your company’s employee turnover issues. Why Reduce Employee Turnover. The first step to reducing employee turnover is to understand why it is occurring.

People, HR & Analytics

Speaker: Rodney B. Bolton SPHR, CEO, HR BIZZ

HR analytics empower organizations to use employee data to make better working decisions and improve performance in areas such as attracting top talent, accurately forecasting future staffing needs, and improving employee satisfaction.

HSD Metrics® Expands ExitRight® Staff With Hiring of Tina Califano

HSD Metrics

Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

Data is now the most valuable currency in the world. But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades.

Performance Management Trends for 2019

HR Morning

As we move into 2019, organizations of all sizes are once again reviewing employee performance management strategies. Companies are refining the metrics they track and the amount and types of employee feedback they include in their processes.

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk.

Retention drives employee recognition ROI

HR Morning

But that doesn’t mean you can relax with your employee retention efforts. That creates a double-edged employee retention problem for employers. Showing results in engagement and retention. And teams who say they feel valued lose fewer workers to voluntary turnover.

The 10 Best Pieces of HR Content in 2019

Visier

As we kickoff 2020, we’re taking a moment to look back at some of the greatest HR content we read in 2019. Catch them if you can: How leaders in data and analytics have pulled ahead . How are organizations using data to pull ahead?

Why a Data Warehouse is Not the Analytics Cure-All

Visier

Data warehousing has existed since the mid-1990s, and by 2011, Gartner made the (not-so-surprising) prediction that it would reach its inflection point that same year. “As One system of truth could deliver a consistent understanding of metrics across the organization at scale.

Taking Data-Driven Action

HRO Today

In fact, LinkedIn’s Global Recruiting Trends report indicates that 64 percent of today’s organizations use data at least occasionally and 79 percent are somewhat likely to take advantage of it in the next two years. Comparing talent metrics to competitors (31 percent).

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7 types of people data your business should be measuring

PI Worldwide

Most businesses collect and analyze countless data: revenue per employee, gross profit margin, cost per lead, customer retention, EBITDA, Net Promoter Score, and so much more. But what people metrics are businesses tracking to provide critical insight into their business operations? It’s proven: Businesses that collect, analyze, and act upon their people data have more productive and engaged employees. 7 types of people data you need to measure.

The Top Five Reasons Why Businesses Should Outsource Employee Exit Interviews

HSD Metrics

Whatever your reason for wanting to avoid the exiting process, including the interview, there are people like us who are happy to take this off your plate, save you the trouble, and provide you with useable data to help improve your business. Why Partner with HSD Metrics.

How to Put Your Employee Engagement Data to Work

Reflektive

HR analytics produces large amounts of insightful employee engagement data, filled with potential insight into employee attitudes, morale, retention rates, and more. To get the most out of your employee engagement data, take the following steps: Understand the Business. Data that’s important to HR rarely reflects the data driving business outcomes. Each business has its own core metrics. Link Employee Engagement Data to other Sources.

Is It Time to Rethink Your Company’s Exit Interview Process?

HSD Metrics

There are good reasons forward-leaning businesses care so much about employee engagement and retention. In the absence of such data-driven analysis, exit interviews are little more than perfunctory, providing limited information businesses can use to improve engagement and retention.

10 Smart Strategies to Enhance Employee Experience

HSD Metrics

Increasingly, however, forward-leaning companies recognize the need to track a more comprehensive set of metrics, one which encompasses the totality of interactions workers have with the businesses for which they work. Collecting data across the entire employee lifecycle is important.

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.

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Turn Quality of Hire into insights for a competitive advantage

Bersin with Deloitte

Posted by Bill Cleary , Charles Goretsky , and Navti Narang , on February 6, 2019. According to Forbes, the most valuable metrics for staying ahead of the labor market competition provide an understanding of the sources and drivers of employee retention, future leaders, and highly successful employees over time 1.Each of these metrics measure Quality of Hire. Some types of metrics that are used to measure QoH are: Performance metrics, evaluations, and feedback.

Here’s How IBM Predicts 95% of Its Turnover Using Data

Linkedin Talent Blog

With the cost of replacing an employee sitting anywhere between 30 and 400% of that person’s annual salary, there’s obviously a strong financial case for investing in retention — not to mention the benefits of preserving institutional knowledge and protecting morale.

How Turnover Reports Impact HR’s Credibility

Visier

Consider the surprising discovery (described in this HBR post ) that one fast-food chain’s executives made after looking at the company’s turnover data: some stores with high overall turnover were extremely profitable. Stores with high manager turnover, however, were less profitable. For a deep dive into the true costs of manager turnover and turnover reduction interventions, download the FULL REPORT HERE.

Handling Conflict between Different Workplace Departments

HSD Metrics

A great way to receive honest feedback from your employees is by utilizing stay interviews, such as HSD Metric’s StayRight program, which provides you with comprehensive information and data insights that help you drive change when and where you need it most.

Keep Educators Engaged & Encourage Positive School Culture

HSD Metrics

At HSD Metrics, we offer several survey solutions to help you improve retention and encourage a more positive atmosphere. ExitRight® will provide much needed employee data on why teachers would leave a school.

HR Metrics You Must Track and Optimize This Year - Sapling Blog

Sapling

Employee retention is a big concern for many organizations this year, and for good reason. Tracking and optimizing for the right HR metrics can help keep a pulse on retention and elevate your HR and People Ops functions in the process.Employee turnover rate First thing’s first: you should track your employee turnover rate monthly and annually. Keep a pulse on the engagement levels of your team so you can proactively respond before turnover happens.

Keep Educators Engaged & Encourage Positive School Culture

HSD Metrics

At HSD Metrics, we offer several survey solutions to help you improve retention and encourage a more positive atmosphere. ExitRight® will provide much needed employee data on why teachers would leave a school.

Verint Engage 2019 Conference Takeaways

Aberdeen HCM Essentials

This is important, as Aberdeen’s research on the top contact center & CX trends shows that automation is among the top five technology capabilities CX leaders plan to incorporate within their CX technology toolbox in 2019. In fact, data from this research shows that companies plan to increase their adoption of automation from 27% to 53% between early 2019 and mid-2020 — marking a year-over-year increase of 96%.

How to Combat a High Turnover Rate - Sapling Blog

Sapling

Given the competitive talent landscape, employee turnover rate is one of the most important HR metrics to track, analyze, and optimize. average turnover rate around 10 percent is considered healthy to maintain an influx of fresh ideas, but often varies by industry or role.

7 Ways HRMS Can Transform How Your HR Department

HR Morning

A human resource management system (HRMS) integrates all of the core and strategic HR functions into one solution, improves recruiting, offers a self-service portal, automates data entry and administrative processes, streamlines information in a central database, reduces payroll and compliance errors, and facilitates data-driven strategies. You’ll also be able to analyze this data and generate reports on the types of candidates that ultimately become successful employees.

Data Management For A Data-Driven HR Organization 

SAP Innovation

What does data-driven HR look like and how can technology help achieve it? In its simplest form, it implies that data gathered from current and prospective employees is used to obtain key insights into the organization. Data: internal vs. external, structured vs. unstructured.

Data Management For A Data-Driven HR Organization 

SAP Innovation

What does data-driven HR look like and how can technology help achieve it? In its simplest form, it implies that data gathered from current and prospective employees is used to obtain key insights into the organization. Data: internal vs. external, structured vs. unstructured.

The 71+ Biggest HR Tech Conferences to Attend in 2019

Digital HR Tech

January 2019. January 24 & 25 | London | d&i Leaders Global Forum 2019. January 30 & 31 | Zürich | HR Analytics, Metrics, and Measurement. January 30 – February 1 | Melbourne | HR Analytics, Metrics, and Measurement. A conference created to improve your social recruiting strategy using best practices and data-driven decisions. This year’s theme is People Data for Good. February 2019. March 2019. April 2019.

Top 10 People Analytics Difference Makers to Look For

Visier

With the growth in volume and complexity of data , having agile visibility into and use of your people data is more critical than ever. Visier has the pre-built questions and data flows already mapped out to guide your analysis and turn data into action. .

The Future of Business: People Analytics for Everyone

Visier

First West Credit Union , for example, noticed that turnover was increasing at an alarming rate. The pressure was on to boost retention. Managers often make poor decisions based on gut feeling , while data-driven decisions are reserved for HR and senior leaders.

Increased Transparency of Human Capital Data – an interview with Brian Wilkerson

hrQ

The article examines the pros and cons of more transparency in human capital data being available to investors. The standard is a series of 23 metrics in 9 categories that are designed to provide a balanced view of the strength of human capital management within an enterprise.