5 Exit Interview Metrics Your Business Should Be Tracking

HSD Metrics

The negative impact of employee turnover on your business can manifest itself in several important ways. To mitigate turnover costs, businesses need to implement proactive strategies designed to reduce attrition. Quantifying Employee Turnover.

How to Boost Engagement and Retention Rates with Employee Journey Mapping

HSD Metrics

” How Can Your Business Increase Retention With Employee Journey Mapping? Using quantitative data—like the data you cull from employee exit, new hire and stay interviews—will help you uncover key reasons employees leave, as well as high turnover moments and events.

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Turnover Metrics and Beyond

Vemo

We have seen a ton of interest in our approach to turnover and retention driver analysis. Our customers are realizing all the value and insight that turnover metrics provide but they are also able to move beyond metrics to driver analysis that is truly actionable. Organizations are finding this analysis capability particularly useful when applied to critical talent. Data Analysis: Key Drivers

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. 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. Impact on Business Metrics.

Applying Employee Performance Metrics towards Retention of Key Employees

AssessTEAM Performance Management

“The key to a company’s success begins and ends with retention of key employees,” Anonymous. There is a lot to lose when a business experiences high turnover rate. One such measure is the employee performance metrics, which gives constructive feedback on whether an employee is performing below, averagely, or beyond the goals of their defined tasks. Employee performance metrics is the best way to track the performance of key employees in a company.

The Case for Sharing — and Understanding — Human Capital Metrics

Cornerstone On Demand

Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. Think about the problem this way: A low turnover rate sounds like a good quality for any company, right? " Low turnover might signal to an investor that talent is too complacent, and therefore not innovating fast enough. No wonder universal talent metrics are a touchy subject. Retention , categorized by job types.

How To Calculate Employee Turnover and Retention Rates

ForUsAll

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. An Important Note About Calculating Employee Turnover and Retention Rates. Compare Your Employee Turnover Rate to 2018 Industry Averages.

6 Workforce Metrics with Significant Financial Impact

Ascentis

Knowing which metrics and measurements to focus on is a perennial challenge for CFOs and finance departments, and the current state of workforce management makes it that much trickier. That has also changed the way we will consider which metrics matter most in the near future.

Tackle Employee Turnover With Strategic Leadership Development Investments

Visier

We had built a leadership development program for our Millennial population with the goal of reducing turnover costs. After the first three cohorts went through the program, we dug into the data, expecting to see just that: promotions driving retention. This was driving retention. This not only satisfied the retention need for our executives but also allowed us to market to, and support the development of, a broader audience.

HSD Metrics® Expands ExitRight® Staff With Hiring of Tina Califano

HSD Metrics

Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers. Califano will provide expertise in all aspects of exit interview services from marketing through set up and delivery of ExitRight turnover data. News HSD Metrics Welcome Shaun Worcester

HSD Metrics® Expands Staff With Hiring of Brittany Tony

HSD Metrics

Covington, KY / January 1, 2020 – HSD Metrics®, a human resources technology company with over 230 national and international clients, welcomes experienced professional, Brittany Tony, to its high-energy team of consultants, analysts and researchers.

Retention drives employee recognition ROI

HR Morning

But that doesn’t mean you can relax with your employee retention efforts. That creates a double-edged employee retention problem for employers. Showing results in engagement and retention. And teams who say they feel valued lose fewer workers to voluntary turnover.

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

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. If you are looking to leverage people analytics, retention is a great place to start. A high turnover rate likely gets your attention, but what else should you be paying attention to?

How to Calculate Employee Turnover Rate

Analytics in HR

In our people analytics community, we’ve had a few discussions about how to calculate employee turnover and retention. In analytics, employee turnover is arguably the most-discussed metric. However, calculating turnover is much trickier than it seems. In this article, we will propose a best practice to measuring employee turnover. Calculating employee turnover: The problem. How to calculate the employee turnover rate.

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager. 5 Manager Effectiveness Metrics for Administrative Managers. Must-have administrative manager effectiveness metric #1: Engagement score. 3 Manager Effectiveness Metrics for Mission Managers.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? How To Reduce Employee Turnover with HR Analytics.

Building an Innovative Corporate Culture

HSD Metrics

Another analysis shows that innovative companies grow faster and are more profitable than those who do not have an innovative corporate culture. The post Building an Innovative Corporate Culture appeared first on HSD Metrics.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes.

4 Strategic Ways to Keep Remote Employees Engaged

HSD Metrics

The problem for American businesses is that employee engagement is closely aligned with other metrics— those with the potential to do serious harm to business viability. Businesses that offer flexible work options (like remote work) reduce turnover by more than 25%.

[Webinar] 5 Recruiting Metrics Your Hiring Managers Should Know

Outmatch

The power is right at your fingertips: just share strategically chosen recruiting metrics with hiring managers. Communicating current and long-term recruiting metrics and trends to hiring managers and teams to build trust and solve problems. Start Tracking Your Own Recruiting Metrics.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry. Take turnover comparisons by performance ranking, for example. In fact, you could look at any population within your organization and perform a turnover comparison.

Top 10 Workplace Retention Factors

Zenefits

When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Keeping employees on staff and reducing turnover requires a host of initiatives and core policies.

8 Important Recruiting Metrics You Must Track Today

Get Hppy

Most human resources professionals worth their salt know the importance of recruiting metrics in improving the hiring process. Those that do may not even be tracking the right recruiting metrics! The purpose of tracking recruiting metrics is to gather and analyze data that can help the HR professional tie in their recruiting process with stated business goals. It is therefore important to choose just a few metrics among the multitudes to attain your goals.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers?

The Top Five Reasons Why Businesses Should Outsource Employee Exit Interviews

HSD Metrics

Why Partner with HSD Metrics. At HSD Metrics , we understand your precarious position. Preparing a comprehensive report with the analysis and full feedback on what we gathered. Wondering why HSD Metrics should be your go-to?

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). According to a survey by NSI Nursing Solutions, the average cost of turnover for a bedside RN ranges from $44,380 to $63,400. In turn, better retention is likely to lead to better care and higher patient satisfaction.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers?

Is It Time to Rethink Your Company’s Exit Interview Process?

HSD Metrics

There are good reasons forward-leaning businesses care so much about employee engagement and retention. That makes getting to the bottom of your employee attrition problem more challenging and calls for a more nuanced approach to exit interviews—one driven by accurate data collection and analysis. In the absence of such data-driven analysis, exit interviews are little more than perfunctory, providing limited information businesses can use to improve engagement and retention.

How To Reduce Employee Turnover with Workforce Analytics

Visier - Talent Acquisition

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. 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. Impact on Business Metrics.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier - Talent Acquisition

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. A high turnover rate puts hospitals at risk by increasing costs and potentially impacting the quality of patient care. Nurse turnover is costly.

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.

Major Studies Detail Correlation Between Employee Engagement and Retention

Hoops

. Recent Studies Detail Correlation Between Employee Engagement and Retention. For two years running, the top two HR challenges have been employee retention and employee engagement. Engagement and retention are both the end results of consistent and positive employee experiences. The result, as the following studies suggest, can be dramatic improvements in both metrics. These results distill into stronger employee retention.

Full Circle Data Collection: An Approach for Reducing Turnover

SMD HR

reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy.

Full Circle Data Collection: An Approach for Reducing Turnover

SMD HR

reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy.