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employees per desk, and the amount of individual workspaces has already decreased from 51% in 2021 to 40% in 2024, according to data from the commercial real estate company CBRE. US companies are way behind other global employers in utilizing shared workspaces, said Kate Lister, principal at consulting firm Global Workplace Analytics.
But when HR and people pros look to cloud, they should see a comprehensive global network of servers storing data and running applications that has empowered the HR function in the new millennium. In the early 2000s, HR had predominantly relied on paper-based processes , outdated legacy systems, and manual data entry.
Boomeranging became a workplace trend in 2022 and 2023, as some workers said they regretted job-hopping during the Great Resignation. in December 2023 and has remained somewhat steady since, reaching 3.2% according to data from workforce intelligence platform Revelio Labs shared with HR Brew. That number jumped to 3.1%
People data is business data, according to reporting from Deloitte. This philosophy has elevated people analytics to an organizational imperative for many companies. One organization that has adopted a tech-driven people analytics approach is Gore Mutual Insurance, an Ontario-based firm with more than 600 employees.
The 26th Annual HR Systems Survey, conducted by Sapient Insights Group, has been extended through July 15, 2023. Your voice is the future of HR technology! This survey is valuable for anyone supporting their organization's HR systems and practices, interested in sharing their vendor experiences, and giving back to the HR community.
To navigate these complexities, people analytics is emerging as a crucial strategy. Advertisement - Dani Johnson , co-founder and principal analyst at Red Thread Research , highlights these global developments as part of megatrends that can be tackled through strategic, data-driven HR leadership.
While the NYC-based nonprofit offers myriad services, it’s best known for its workforce training programs, which helps more than 4,400 students annually develop professional soft skills and hard skills in fields including IT, cybersecurity, customer service, and dataanalytics. Facing economic headwinds.
Below, we delve into the most effective ways to utilize technology for workforce planning, essential tools and techniques, and the pivotal role of data in driving organizational success. Additional Tools and Techniques Data Collection Methods Effective workforce planning relies on robust data collection methods.
After progress was made for the first time in 20 years in 2023 , the gender pay gap returned to its previous levels in 2024. figure in 2023. Heres what your organization can do today: Analyze your pay data Conduct a pay equity analysis to determine whether unexplained pay gaps exist within your workforce.
Speaker: Stela Lupushor, Founder, Reframe.Work Inc.
In this exclusive webinar with Stela Lupushor, you’ll learn how to do all of the above, and you’ll also walk away with new perspectives on: Evolving employment value proposition: exploring the changing social contract between employees and employers, and ways organizations can redefine the value exchange Workplace experience: rethinking the workplace (..)
Advertisement - Gabriela Mauch, chief customer officer at workforce analytics firm ActivTrak , brings valuable insights on how CHROs can measure the impact of HR tech investments. According to Mauch, the adoption of analytics tools has energized HR experts by offering deeper visibility into workforce productivity.
Workforce Analytics Utilizing workforce analytics is essential for making informed decisions about your human resources. Analyze data related to your current workforce to assess skills, demographics, performance, and turnover rates. Consider roles that are critical for both current operations and future growth.
HR provides real-time data on headcount, turnover, and labor costs that sharpens budget accuracy. What Data-Driven Planning Actually Looks Like The magic happens when HR metrics (turnover, time-to-fill, engagement) combine with financial data (budgeting, cost-per-hire, ROI).
2024 Top HR Products: key trends and insights The winners this year exemplify the characteristics that define a top HR product : a compelling user experience, impactful analytics, customization, effective integration capabilities and a noteworthy level of innovation. 24 in Las Vegas at the HR Tech Conference.
Consider this rapid shift: In 2023, 22% of HR functions reported experimenting with or using gen AI. Kevin Oakes, i4cp One of the significant findings of its 2023 study, Is HR Already Behind in the AI Revolution , was that HR was not being included in strategic conversations around AI in a meaningful way at their organizations, Oakes says.
in March 2023, according to data from location analytics platform Placer.ai. What this data showcases is a steady return to the office and not a return to pre-pandemic levels, R.J. What this data showcases is a steady return to the office and not a return to pre-pandemic levels, R.J. data found.
HR technology has revolutionised the way organizations approach DE&I by offering data-driven solutions that help eliminate bias, track diversity metrics, and create inclusive workplaces. Beyond recruitment, HR technology enables organizations to track and analyse diversity metrics with real-time data.
This approach typically involves: Centralization of administrative tasks Standardization of processes Leveraging technology for self-service options Focus on data-driven decision making While the benefits are clear, the transition can be disruptive for HR professionals accustomed to traditional, decentralized HR roles.
Enhancing Employee Engagement With Data-Driven Insights When employees become more engaged, they typically perform better, translating into benefits like reduced churn and increased productivity. One key strategy for effectively engaging your employees lies in leveraging dataanalytics. What’s Data-Driven Employee Engagement?
New data indicates that more than 90% of CEOs say HR should have a hand in developing an organization’s future of work strategy, with one in five indicating that the CHRO is fully in charge of it in their organization. Advertisement - However, in most cases, the people team isn’t leading the company’s future of work initiatives.
Following the Great Resignation of 2021 and 2022, and the adjustments made during the Great Stay of 2023, today’s top people leaders are not just preparing for future changes—they are proactively shaping their responses and leading the way. Data suggests that this investment might prevent employees from seeking opportunities elsewhere.
From AI to analytics, the right tech stack transforms workforce planning from reactive guesswork into a proactive, data-driven strategy. Deploy Data Collection & Forecasting Tools Modern workforce planning requires a 360-degree view. Leverage the power of modern HR technology.
Drowning in data but starving for insights? Address Bias Before It Becomes a Liability AI systems learn from data. If that datas biased, your AI will be tooand that opens the door to legal and reputational risk. Clarify: Where its being used What data its accessing How decisions are made Transparency builds confidence.
In 2022, data did not show significant increase in the average unit cost of services, likely due to provider contracts being locked in over multi-year periods. However, 2023data showed medical unit cost inflation of 5.5% The first is to know how to use your data. in 2025 , compared to 6.9% in 2024 and 6.5%
Aspect 43’s State of HR Tech 2024 report revealed that 55% of surveyed companies use HR tech for compliance and security—double the percentage reported in 2023—making it a top-three organizational priority. Nutt emphasized that HR compliance is also a “smart business move,” as analytics tools can identify potential risks or gaps.
In todays high-stakes talent market, workforce planning might sound like corporate jargonbut the data says otherwise. The Real Cost of Ignoring Workforce Planning (and Why Its Hurting Your Business) May 29th, 2025 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn Workforce Planning Isnt a Buzzword. And without it?
Information: Organizations start leveraging people analytics to create business impact. Their data is accessible, and internal data is combined with external data. Digital HR differs from traditional HR in that it digitalizes manual tasks such as record-keeping, data analysis, and answering employee questions.
DataAnalytics: Run detailed census reports for annual audits and renewals. Integration with Retirement Providers: Establish a connection with your retirement plan provider using either a 180 or 360 connection.
With a smart, data-driven workforce planning strategy that aligns with your long-term vision. Use Workforce Analytics to Drive Smart Decisions Gut instinct isnt a strategy. Tap into workforce analytics to understand turnover trends, employee performance, skills gaps, and future talent risks. Lets break it downMP-style.
While the industry reached US$587 billion in 2023, growth has slowed to 3.8% – its lowest rate since 2017. This includes leveraging dataanalytics for better targeting and engagement measurement.
4 – More Focus on Pay Equity & Pay Transparency Theres no reason to expect a federal mandate anytime soon, but more than a dozen states passed pay transparency laws in 2023 and 2024. 10 – The Rise of People Analytics Automatic reporting provides HR data for faster analysis of complex trends.
According to our latest study based on Visier community data, gender pay equity is still a long-fetched dream. The managerial gender pay gap has also seen a reduction, from 14% in 2017 to 10% in 2023, but this progress is still not fast enough. At the current rate of progress, achieving gender pay parity remains a distant goal.
According to Gallup's July 2023 survey , 80% of Americans are dissatisfied with how things are going in the US. Using a variety of question formats in an employee morale survey is crucial for gathering comprehensive data. Why Conduct Employee Morale Surveys Research shows that employees who feel their feedback is valued are 4.6
This has been further validated by the introduction of Vantage Circle’s proprietary tool—the AIRe framework, which enabled businesses to adopt a data-driven approach to R&R program design and execution. minutes i.e. over 57% of Wipro’s associates received recognition in 2023. There has been a 97.5%
At the end of 2023, approximately 6,400 customers had adopted the company’s platform, with reports showing that Dayforce has continued to grow under its new identity. billion in fiscal year 2023), 6,700 customers and a 97% client retention rate. In the opener, CEO David Ossip highlighted key metrics, including the company’s $1.7
According to a 2023 Talent Acquisition Benchmarking Report from iCIMS, over 60% of recruiters are already using some form of AI to screen resumes and assess candidates’ skills, with expectations for these numbers to rise significantly in the coming years.
In this guide, we break down how to build an effective leadership development framework thats data-driven, scalable, and aligned with your business goals. Step 4: Let Data Lead the Way Your leadership program should evolve with your business. Use data and alignment this time to drive a smarter approach. It didnt work last time.
Drawing on assessments of over 9,000 managers globally between 2020 and 2023, SHL finds that while many managers exhibit strengths in areas like technical expertise and strategic planning, they often lack the human-centric skills essential to leading modern teams. It is designed to ensure that client data is never used to train AI models.
The modern HR department now oversees strategic talent management, workforce analytics, employee experience, and compliance, all driven by technology. Their Human Capital division combines strategy, analytics, and cloud-based solutions to transform workforces. 10 Best HR Technology Consulting Firms in 2025 1.
The report draws on skills proficiency data from its online courses as well as third-party metrics such as the World Bank’s GDP per capita , its Human Capital Index and labor force participation rates to analyze skills and competencies around the world. In North America, 72% of CEOs say that GenAI is a top investment priority.
With Generative AI, Skills Technology and DataAnalytics, the human resource ecosystem has changed remarkably in the last few years. In 2023 itself, the market size of SaaS-based human resources was around 307 billion USD and this trend continues to grow on a regular basis.
Our panel consisted of Ken Clar, director of workforce intelligence at Ansys; Roxanne Laczo, head of people analytics at Cloudflare; and Ian McLendon, senior director of workforce analytics at Norfolk Southern Railway. Ken Clar emphasized that “many organizations are data rich but information poor.”
Overall, our data show that there is a knowledge/experience gap for many smaller organizations, and their HR teams need not just software but support and innovative services to help them grow and succeed. This acquisition aligns with the growing demand for data-driven insights to improve employee engagement and retention.
AI can support HR professionals by automating routine tasks, uncovering valuable insights, and providing data-driven recommendations. By reviewing historical hiring data and job performance metrics, AI can predict which candidate profiles are most likely to succeed in specific roles, enhancing the quality of hires.
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