article thumbnail

UKG Solution Demand Drives Outstanding Second-Quarter Fiscal 2023

UKG

A 300% increase in users of UKG Wallet , which offers earned wage access, budgeting tools, financial literacy and counseling, and peer-to-peer payments that UKG customers say is a significant recruitment and retention tool.

article thumbnail

Overstaffing: Why It Happens and How To Avoid It in 5 Steps

Analytics in HR

Unpredictable economic conditions : In times of economic uncertainty, such as market downturns, companies often face the challenge of balancing their workforce to align with business needs. For instance, Meta had more than 80,000 staff in September 2022. Align training programs with changing roles or project demands.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rising retention: Why it may not be all good news for employers

HRExecutive

in September for the third straight month, under the impressive 3% peak in April 2022, according to the DOL. To mitigate that risk, they say, leaders need to have a handle on engagement metrics and prioritize strategic workforce planning.

article thumbnail

Dynamic workforce planning strategies for market ups and downs

Bob

Workforce planning has never been trickier. By embracing a dynamic workforce planning strategy supported by appropriate workforce management tools, you can prepare for the ups and downs to come. Formulating an ever-ready business strategy lies in supporting an agile, people-focused, and fluid workforce.

article thumbnail

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

Companies with poor workforce planning were at risk of going out of business or being sold off. As a result, almost all large companies dedicated an entire department to workforce planning, and HR played a powerful role. Today HR has the opportunity to enter the spotlight again as a leader in workforce planning.

article thumbnail

Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. The Better Way to Do Workforce Planning.

article thumbnail

Four Priorities for People Analytics Leaders in 2022 (i4cp login required)

i4cp

Heading into 2022, there's no greater way to do so than addressing the impact of the great resignation phenomenon on the organization. While hybrid and remote work policies may help with employee retention and talent acquisition, PA leaders are focused on building teams to prioritize this work.

Analytics 101