Remove Analysis Remove Compensation Remove Metrics Remove Workforce Planning
article thumbnail

How People Analytics Delivers Financial Impact [New Report]

Visier

When organizations take advantage of workforce data to inform their people decisions, research shows that they outperform those that don’t. One way to measure the overall performance of companies at the aggregate level is by tracking and comparing two key financial metrics: return on equity and revenue per employee.

Analytics 371
article thumbnail

Managing Costs through Workforce Planning

hrQ

With the evolution of workforce planning, this is both unnecessary and unwise. Workforce planning provides a platform by which cost-cutting can be a quantitative precision exercise where outcomes are more certain and the ability of the organization to remain effective can be preserved.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 workforce planning tools and how to use them

Business Management Daily

has come to the realization that strategic workforce planning is a necessity for the organization. Baby Boomers make up a significant portion of the company’s current workforce, and their retirement over the next few years could cause serious staffing shortages in key positions. Strategic workforce planning map.

article thumbnail

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. Workforce planning can help a business answer questions ranging from how many people it needs, where they should be located, what jobs they should do, how much they should be paid, and even whether they should be working for your company.

article thumbnail

10 vital HR metrics to track for your business

Business Management Daily

Robust data collection and analysis helps companies see if a particular change impacts employee morale, for example. Which hiring metrics are most important to track? 10 HR metrics to track Knowing the value of data analytics for HR is one thing, applying them is another. Savvy organizations have already delved into this area.

COMPAS 59
article thumbnail

The HR Terms Glossary

Visier

This is the ratio of the CEOs compensation and the median employee pay. Cohort Analysis. Compensation. Compensation can include salary, bonuses, health insurance benefits, paid time off, retirement plans, tuition reimbursement programs, and more. Compensation Analysis. HR Metrics. HR Strategy.

article thumbnail

8 Benefits of Using People Analytics

Visier

But instead of analytics, many organizations rely on the kind of one-dimensional workforce metrics that do very little to deliver true insight into the root causes of problems. Many common HR metrics do not provide strategic value to the business. Optimize workforce planning. Take headcount reports.

Analytics 203