6Q

JUNE 4, 2023

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

Insperity

OCTOBER 17, 2023

Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management. It’s the question employers are constantly asking: How do I get my employees to stay for the long term ?

HR Planning 104

HR Planning HR Software Hiring Software Strategy 104

Analytics in HR

NOVEMBER 5, 2018

It was one of the first examples of the now very popular employee churn analytics. This information was provided anonymously to managers so they could reduce turnover risk factors and retain their people better. They take the example of Best Buy, where a 0.1% Turnover at Experian. The full article can be found here.

Case Study 95

Case Study Analytics Study HR Software 95

EmployeeConnect

DECEMBER 20, 2016

It’s critical to evaluate staff strengths and weaknesses, training, education and the company’s current and long-term needs to determine which information and benchmarks are critical for defining progress or indicating that remediation is needed. Do we agree on definitions? What format communicates the message best?

HR Software 100

HR Software HR Planning Hiring Software Assessment Software 100

Bonusly

APRIL 10, 2019

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. For example, companies often see a turnover spike in January.

Retention and Turnover 61

Retention and Turnover Hiring Software Interview Software Onboarding Software 61

Analytics in HR

NOVEMBER 2, 2021

Voluntary turnover is a normal occurrence, as employees seek new opportunities or leave because they are unsatisfied with the current role for a multitude of reasons. The Great Resignation has certainly caused employers to look at their HR practices and what is causing a mass voluntary turnover. One of them is voluntary turnover.

Retention and Turnover 81

Retention and Turnover Hiring Software Interview Software HR Software 81

ForUsAll

JULY 2, 2018

Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost. How to Calculate Employee Retention Rate.

Retention and Turnover 58

Retention and Turnover How To Metrics Retirement 58

Visier

JUNE 24, 2020

Based on the analytics for this fictitious organization, it’s easy to see the size of the bench by position and the number of candidates ready now and over the next couple of years: This analysis shows the size of the succession candidate pool by position and candidate readiness. Fictional data used. Readiness progression of your talent.

Succession Planning 372

Succession Planning Planning Tools Data Talent Experience 372

Littal Shemer

OCTOBER 11, 2022

“Technology can have huge benefits for the HR function: saving time by streamlining processes, boosting engagement by enabling analysis of people data or improving employee development by allowing staff to access the content they need on different platforms, wherever and whenever they need it.

HR Software 52

HR Software HR Planning Analytics Hiring Software 52

Business Management Daily

JUNE 15, 2022

Attrition and retention. For example, a plethora of employees falling into the low performer/high potential box invites questions as to what actions might make these diamonds in the rough shine. Amount of voluntary turnover. Compensation and benefits analysis. Being above the benchmark should aid in attracting applicants.

Planning Tools 52

Planning Tools Hiring Software Staffing Software Workforce Planning 52

Peoplebox

APRIL 27, 2024

Here’s why HR analytics is a powerful ally: Increased Retention: Analyzing turnover data can uncover reasons for employee attrition, allowing companies to take proactive steps to improve retention. Descriptive analytics helps you summarize key metrics like employee demographics, employee turnover rates, and performance data.

HR Software 52

HR Software Hiring Software Assessment Software Recruiting Software 52

Hppy

JULY 5, 2023

It is a critical step in data management and analysis. Misspelled names, addresses, or other data can lead to confusion and inaccuracies in analysis. For example, imagine a scenario where an HR team is analyzing employee turnover rates. Incomplete data can skew the analysis and lead to biased or inaccurate results.

Analytics 91

Analytics HR Software Data Planning Tools 91

Analytics in HR

JULY 31, 2023

For example, your HR would look into hiring people who are a good culture fit for the organization so they stay longer and be more productive. Internal mobility helps organizations improve employee engagement and retention while reducing hiring costs.

HR Planning 57

HR Planning Resources Hiring Software Onboarding Software 57

HR Lineup

JUNE 14, 2023

Whether it’s employee engagement, recruitment, training, or talent retention , KPIs help HR teams understand their impact and make data-driven decisions. Benchmarking and comparison: HR KPIs allow organizations to benchmark their performance against industry standards or their own historical data.

HR Software 83

HR Software Retention and Turnover Assessment Software Recruiting Software 83

Hire Road

MARCH 21, 2024

The Pillars of HR Planning HR planning is a multi-dimensional process, covering elements such as: Recruitment Retention L&D Succession planning Compliance It’s about looking ahead, preparing for workforce changes, and ensuring the business remains competitive and compliant. But there are potential pitfalls to keep in mind.

Planning Tools 59

Planning Tools HR Software Hiring Software Recruiting Software 59

Extensis

JANUARY 4, 2024

With analysis and commentary from our internal thought leaders, the ExtensisHR 2024 Trends Report reviews the top 10 HR focuses expected in 2024 and how brokers can help clients can adapt accordingly. Looking for concrete suggestions to share with your clients?

HR Trends 105

HR Trends HR Planning HR Software Trends 105

Business Management Daily

FEBRUARY 28, 2023

After all, there are tons of HR metrics that you can track by analyzing employee data, including turnover rate, absenteeism , employee turnover, retention rate, and many others. Every area of HR has metrics that matter, including diversity, equity, retention, and employee experience. Why are HR metrics important?

Metrics 111

Metrics HR Software Hiring Software HR Planning 111

Analytics in HR

MARCH 22, 2022

How to measure ROI on employee engagement – Employee productivity – Employee turnover – Revenue per employee – Employee absenteeism – Customer satisfaction Overall employee engagement ROI. Experience 24%-50% less turnover, depending on whether they are atypically high or low turnover rate business.

Employee Engagement 84

Employee Engagement Retention and Turnover AON Metrics 84

Zenefits

SEPTEMBER 14, 2022

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. Reduce turnover. The Bureau of Economic Analysis tracks wages monthly and shows significant increases. Benchmarking. Benefits analysis.

Compensation 41

Compensation Planning Tools Benchmarking Retention and Turnover 41

Visier

APRIL 17, 2018

The narrative in this piece weaves various annotated and interactive data visualizations into text that presents a human interest angle, quotes from experts, and analysis of specific statistics. Yes, even turnover rates and headcount numbers can be turned into memorable stories, and people experts are in a good position to tell them.

HR Software 214

HR Software Data Hiring Software Retention and Turnover 214

HR Guy

MAY 25, 2023

Engaged employees are also more likely to stay with the company long-term, reducing turnover and the associated costs of recruiting and training new employees. Employee Turnover Rate Employee turnover rate is the percentage of employees who leave the company during a given time period.

Metrics 52

Metrics Employee Engagement Retention and Turnover Benchmarking 52

Analytics in HR

JANUARY 25, 2022

Employers who don’t do a competitor analysis and pay their staff whatever they feel like will lose their employees to other companies and won’t get suitable applications for open roles. According to Gallup , turnover can also cost an organization 1.5-2 Helping reduce voluntary turnover and improve retention.

Planning Tools 120

Planning Tools HR Planning Compensation Hiring Software 120

Business Management Daily

JANUARY 6, 2022

Pay raises are particularly important going into 2022 as turnover rates continue to soar. For example, an employee earning 50,000 may receive a $2,500 pay increase resulting in approximately an extra $96.15 Compensation benchmarking. Compensation analysis should be done before and after pay raises.

Wage and Hour Training 98

Wage and Hour Training Benchmarking Compensation How To 98

Synergita

SEPTEMBER 11, 2023

We’ll break down each component, providing insights, best practices, and real-world examples to help you build a performance measurement framework that not only meets your goals but also propels you toward greater success. Key success indicators are the quantifiable benchmarks of success. That’s where this blog comes in.

Assessment Software 52

Assessment Software Planning Tools Metrics Benchmarking 52

HiBob

MARCH 1, 2023

When you keep your people in the dark, they can get tense and paranoid and may even resign—and the cost of turnover isn’t something you can afford, especially at a time like this. Transparency saves money A company culture of openness and honesty helps boost retention. But secrecy has a negative impact on people.

Company 109

Company Hiring Software Retention and Turnover How To 109

AssessTEAM Performance Management

MARCH 3, 2023

Higher retention rates, better customer satisfaction, and long-term business growth can be achieved with better employee engagement budgeting strategies. How employees feel about their employer can have a major impact on productivity, retention, and organizational culture.

Employee Engagement 52

Employee Engagement Retention and Turnover Assessment Software Metrics 52

U-Next

SEPTEMBER 29, 2022

Workforce analysis makes it possible for businesses to take human resources-related decisions effectively. Your team can benefit from workforce analysis by seeing what works and what doesn’t. Answering strategy questions with workplace analytics requires data analysis and software. Example of HR Analytics .

Analytics 52

Analytics Hiring Software HR Software Recruiting Software 52

Analytics in HR

MAY 24, 2022

For example, an efficiently designed and executed recruitment and onboarding strategy can help bring top talent on board, leading to increased productivity and, therefore, revenue. For example, you’d track metrics like quality of hire and cost of hire if you want to understand your recruitment process effectiveness. What is it?

Metrics 83

Metrics HR Planning HR Software Hiring Software 83

Extensis

JANUARY 4, 2024

With analysis and commentary from our internal thought leaders, the ExtensisHR 2024 Trends Report reviews the top 10 HR focuses expected in 2024 and how brokers can help clients can adapt accordingly. Looking for concrete suggestions to share with your clients?

HR Trends 52

HR Trends HR Planning HR Software Trends 52

Analytics in HR

FEBRUARY 9, 2021

HR analytics and people analytics often include employee vacation data, sick leave, salary benchmarks, etc. Further data analysis also distinguishes between technical leaders (i.e., You can conduct various analyses under this category, including team analytics, job-fit studies, and internal and external benchmarking.

Analytics 91

Analytics HR Planning Assessment Software Planning Tools 91

Extensis

JULY 6, 2022

PEOs can also perform salary benchmarking and compensation analysis. For example, if many employees studied at a particular school, it may be effective for your business to attend job fairs there. Employee retention and performance management. This data can be used to improve recruiting operations. Business forecasting.

Hiring Software 98

Hiring Software Assessment Software Recruiting Software HR Planning 98

Analytics in HR

JUNE 7, 2022

Employee retention metrics are also crucial in this area, and these metrics often intersect with wellbeing metrics. For example, employee satisfaction is a key indicator of whether or not an employee is going to stay with a company, and turnover costs could indicate poor wellness. Employee turnover.

Metrics 130

Metrics Retention and Turnover Assessment Software Hiring Software 130

Terryberry

OCTOBER 27, 2023

This is because employee turnover can be a costly problem for businesses. And while there’s no objective formula to successful hiring and retention, there are strategies any company can use. For example, does your new salesperson need 3 years of experience in outside sales? to 2 times that employee's annual salary.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Interview Software 52

cipHR

AUGUST 9, 2023

Turnover rate High staff turnover is expensive and can hurt morale and productivity. HR teams can track their overall turnover rate either month-by-month or annually, which includes all leavers including those who are dismissed, made redundant, or retire. Like headcount, this data is most useful when it’s segmented.

HR Planning 52

HR Planning Hiring Software HR Software Onboarding Software 52

HRExecutive

APRIL 18, 2023

For example, evaluation of weight loss programs has historically been skewed because those who don’t lose weight drop out and their results are excluded. Consider employee turnover Many programs could lead to medical claims savings over multiple years, but this will be of less value to companies with high levels of employee turnover.

HR Software 57

HR Software Assessment Software Retention and Turnover Benchmarking 57

Analytics in HR

JUNE 15, 2023

In this article, we provide a FREE employee satisfaction template (Word download), employee satisfaction survey question examples to help develop your own, and steps to help you craft your next employee satisfaction survey. And as we’ve pointed out, increased engagement leads to better productivity and reduced turnover rates.

Survey 85

Survey Assessment Software Planning Tools Hiring Software 85

PI Worldwide

DECEMBER 6, 2021

Your company’s employee engagement survey need not use the same metrics, but if you want to prioritize employee retention, it’s imperative you understand why and how your employees might be disengaged. Whether you score engagement according to these or other categories, it’s important your review process is guided by clear benchmarks.

Employee Engagement 87

Employee Engagement Survey Planning Tools HR Software 87