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

Visier

We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. “Companies cannot hire fast enough to keep up with their workforce demands” – @VisierAnalytics Click To Tweet. The Better Way to Do Workforce Planning.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Navigating Nurse Retirement with the New Workforce Planning.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning. Leveraging HR Analytics.

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. It is the foundation of the partnership between the business and HR and provides the organization with critical information about how to meet its staffing needs and how to allocate its HR resources to meet business goals. There’s another level to workforce planning, and some businesses are using it to determine potential transformation opportunities or threats to their business model.

Workforce planning strategies to meet the federal hiring freeze

HR Times

Will the hiring freeze issued on January 22, 2017, by the White House be part of a longer-term strategy to reshape the federal workforce? How will a reshaped workforce impact agencies’ abilities to support operations and mission needs? Develop a smart approach to workforce reshaping.

Top 10 People Analytics Difference Makers to Look For

Visier

It’s the place to be for the latest and greatest in HR technology trends–especially analytics. . With that in mind, here’s my top 10 list of what makes Visier unique for people analytics: 1. Guided analysis like this ensure you stay on track and are informed of the outliers. .

How Workforce Analytics Helps Prevent Another Bad Hire

Visier

However, the opposite proved to be true: when the organization started using Visier’s workforce intelligence solution , the analytics revealed that the so-called “high scoring” candidates (who were hired!) Without workforce analytics, it’s difficult to identify what makes a strong hire.

4 Ways to Build Agile Teams Using People Analytics

Visier

That’s a statement organizational network analysis pioneers Rob Cross and Andrew Parker made in this earlier 2004 post , and it still holds true today. To rapidly build and deploy teams to meet a particular goal, then, HR leaders need nuanced insights. More Agile Workforce Planning.

Developing a Talent Analytics Function: Build, Buy, or Borrow

Lighthouse

I’m currently in the midst of a research project examining how some of the best and brightest companies in the world hire people analytics talent. Building a people analytics team for the first time isn’t like hiring a new administrative assistant or a new accountant.

How to Measure the Value of People Analytics

Reflektive

According to Google Trends, the search term “people analytics” was almost nonexistent until about 2008. It means that people analytics has become part of the conversation for many businesses. Based on Deloitte research, “77% of all organizations believe people analytics is important.” More than half (52%) of organizations that use people analytics rate themselves as excellent at conducting multi-year workforce planning, while an additional 38% rate themselves as adequate.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to people analytics? But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. Building your People Analytics Solution.

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. The Era of Workforce Analytics.

People analytics and learning: Driving workforce development by delivering the right solution to the right people at the right time

Bersin with Deloitte

But the most valuable insight comes from deeper analysis—one that illustrates the connection between eyes on the content and dollars in the register, the true measure of effectiveness for a given marketing campaign. The context for learning analytics.

People Analytics and Driving Growth: Part III : Performance and Organizational Network Analysis

MapHR

HR Exchange Network editor Mason Stevenson continues his series on people analytics and driving growth. This week he focuses specifically on performance and organizational network analysis. We’re talking about people centric analytics. It’s a complex and challenging time in HR.

Research Preview: Unlocking Organizational Agility to Drive Digital Growth

Workday

Here are the five behaviors that are necessary for organizational agility: Enable Continuous Planning. The parts of the business that rely on revenue through digital efforts, in particular, require rapid and continuous planning cycles. The research found that dynamic planning helps organizations react quickly to changing market conditions and potential threats to the business. Upskill the Future Workforce. What do you consider most important to your company’s future?

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. The Era of Workforce Analytics.

How People Analytics Helps Prevent Another Bad Hire

Visier

However, the opposite proved to be true: when the organization started using Visier , the people analytics revealed that the so-called “high scoring” candidates (who were hired!) Without workforce analytics, it’s difficult to identify what makes a strong hire.

5 HR Analyst Job Descriptions – A Brief Analysis

Analytics in HR

Most job focus on administrative tasks and basic reporting, very much in line with what van de Heuvel and Bondarouk noticed in 2016: HR analytics is focusing on very basic tasks. Ensures that deliverables meet or exceed individual objectives, adhere to HR Connect goals, and align with HR strategies. Perform basic analysis and provide feedback regarding issues, opportunities, or challenges. Collect and organize data for analysis. Strong data and analytical skills.

Summer Reading 2017: 5 Popular HR Analytics Articles You Need to Read Today

Visier

As more organizations climb up the HR analytics maturity curve , we continue to see new success stories coming from data-driven HR leaders who strive to move the needle on business outcomes. Data for the People: How to Use Analytics in Your People Strategy.

The HR Fortuneteller Myth: 3 Ways Your Boss Doesn’t “Get” Predictive Analytics

Visier

And while absolute certainty is never possible, predictive analytics can help organizations look at past workforce behavior to determine what is most likely to happen and plan accordingly. The role of analytics is not to replace decision makers with algorithms.

Helping Agencies Navigate Schedule A Federal Employee Requirements

Acendre

Each year, the EEOC releases an annual report to inform the President and Congress of the state of equal employment opportunity in the federal workforce. . Conduct a job analysis. Revise standards to meet the rules and requirements of the job to accommodate Schedule A employees.

Using people analytics to improve health care performance

Bersin with Deloitte

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Analytics Data analytics health care Retention Turnover

HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. Annual headcount planning occurs in spreadsheets.

Workday Podcast: Getting in on the Act with Active Planning

Workday

Making a plan isn’t typically the hard part, but sticking to it is. Today, technology can enable active planning, which is updated continuously and can guide the business. I talked to Kerman Lau, vice president of financial planning and analysis at Adaptive Insights, about active planning: what it is, why it matters, and what successful planning looks like. Listen on SoundCloud: Workday Podcast: Getting in on the Act with Active Planning.

Five myths about People Analytics that inhibit your progress

Littal Shemer

Five myths about People Analytics that inhibit your progress. So how can we describe the status of People Analytics, better than a single number in survey results? Looking back at my list, I realize now that each point I made implies a myth about People Analytics.

Using people analytics to improve health care performance

HR Times

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Posted by Brian Augustian on August 18, 2017.

Workforce Analytics Move Beyond HR

Analytics in HR

Workforce analytics have traditionally focused on HR’s use of them when their value can actually have significant overall business impacts. Realizing this, more business leaders are demanding insights into workforce dynamics to unearth insights that weren’t apparent before. The availability of more people analytics tools enables businesses to understand their workforces in greater detail than ever before. Analytics News & Blogs

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required.

Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

HR needs to take a compassionate approach to reducing nurse burnout and, strange as it may sound, people analytics and data can truly help in the effort to see the issues from the nurse’s point of view. This is where people analytics can make a difference.

Secure the Right HR Business Partner Manager for the Future

Visier

Last week, I shared the job description for the People Analytics Leader (you can download the job description template for your use here). One who, in addition to having responsibilities for the HR aspects of their job, is successful at enabling people analytics within their organizations.

Data 357

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

This overall HR metric demonstrates the increasing revenue value that your workforce is creating as a result of good HR and recruiting. And it is easily compared between firms in the same industry to demonstrate that your workforce is more productive than your competitor’s.

People analytics: Does Your Organization Run Data-Driven Processes?

Empxtrack

Data analytics measures success of HR initiatives and helps in making well-informed decisions. 77% of managers regard people analytics as a key business priority. According to a study by Deloitte University, 3 out of 4 companies believe the use of people analytics is important, but only 8% believe their organization is “strong” in this area. People Analytics – A Need for Every Business. Analytics provide data-driven insights to the HR, manager and the leadership.

Three Outcomes Human Resource Leaders Can Provide the CEO to Avoid Workforce Restructuring

Burning Glass Technologies

Workforce restructuring costs companies billions of dollars each year due to lack of planning for the future talent needs. With the right techniques, Human Resource leaders can offer CEOs three ways to avert these wrenching changes and better meet workforce needs.

People analytics: A step-by-step guide on using data to make hiring decisions

Insperity

Increasingly, businesses are using “people analytics,” drawing on data to find talent, much like professional sports teams have used analytics to help them make trade decisions and sign players (think “Moneyball”). If you’re hiring an accounting position, that may be his or her financial skills, ability to meet deadlines or critical thinking. For detailed analysis and demographics…consider customized products from HR software vendors.

HR: Workforce Dynamics Are Driving Change In Oil And Gas

SuccessFactors

And we see many factors driving the shifting oil and gas workforce, including demographics, technology, and globalization. They are also data- and analytics-savvy and enabling, not controlling. Plus, it had turnover issues due to an aging workforce.