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Predictive analytics: why it matters for employee retention

Workable

Predictive analytics refers to the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. Personalized Retention Strategies Analyze feedback from exit interviews and retention programs using regression analysis to tailor future retention efforts.

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What are Workforce Planning and Analytics? | ClearCompany

ClearCompany HRM

Workforce analytics refers specifically to the breakdown of employee data, and HR analytics refers to the analysis of HR processes and procedures and their impact on the business. Using manual or spreadsheet-based systems to maintain all of that data leads to workforce plans that are outdated as soon as they’re completed.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

HR analytics, also referred to as people analytics or workforce analytics, involves gathering, analyzing, and reporting HR data. Types of HR analytics Different data analysis methods provide insight and identify trends within data. For more real-world HR analytics examples, you can refer to the case studies we published in the past.

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The HR Terms Glossary

Visier

Career path refers to the progression of employees’ careers. Cohort Analysis. Compensation can include salary, bonuses, health insurance benefits, paid time off, retirement plans, tuition reimbursement programs, and more. Compensation Analysis. Organizational Network Analysis (ONA). Career Pathing.

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10 Succession Planning Metrics You Should Know

Analytics in HR

There are routine annual processes that organizations go through – strategic alignment, financial planning, employee satisfaction surveys, reporting, and many other vital processes – to keep the organization moving forward. However, the one that often gets neglected but is among the most important is succession planning.

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7 Headcount Analysis Mistakes HR Should Avoid

Analytics in HR

Headcount planning and analysis help HR professionals to assess the current and future headcount needs within the budgetary needs of the organization. But it is also an opportunity to align financial planning and talent acquisition efforts to develop a future-focused HR strategy. . Contents What is a headcount analysis?

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How HR Can Create a Comprehensive Talent Strategy

Analytics in HR

Talent strategy (often referred to as talent management strategy or talent acquisition strategy) is essential if organizations want to ensure they have the right talent in the right place to meet their long-term financial, marketing and operational goals and objectives. While a certain number of exits are unavoidable, they can be limited.