Remove Analytics Remove Bonuses and Incentives Remove Data Remove Workforce Planning
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What Is Human Resources?

Analytics in HR

Through workforce planning, talent management, succession planning, and applying other HR best practices , HR professionals ensure that the organization has the required talent to keep operating and meet its long-term goals. HR: Facilitates strategic workforce planning to align talent with business objectives.

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HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Tracking attrition rate is helpful to monitor if the number of people leaving is growing or declining so HR teams can improve workforce planning and people management. Compensation also covers other financial incentives like bonuses, commissions, and annual increases. Factors impacting attrition Internal factors 1.

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21 Highest-Paying HR Jobs in 2023

Analytics in HR

Recruitment Analytics: Measure the effectiveness of sourcing strategies , removing hiring bottlenecks, and making data-driven decisions to improve overall recruitment results. Create HR strategies that support company goals, including workforce planning, talent management , and organizational development.

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Relying on Traditional HR Will Lose You the Analytics Talent Race

Analytics in HR

The war for talent is raging across industries and countries, and nowhere is the fight more intense than in data science and analytics. In fact, Gartner anticipates that there will be a shortage of 100,000 data scientists in the United States alone by 2020. The reality: traditional HR struggles to fulfill the analytics remit.

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The power of payroll data: An interview with a leader in data management, BI, and people analytics

Visier

Dave Wallis , Director of Analytics and Information Strategy at Insperity , is a long-time data management and BI professional, who’s currently focused on developing Insperity’s people analytics offering (in partnership with Visier). He has a deep understanding of how powerful data is for every area of the business.

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Minimum Wage Increase: The Positives and the Pitfalls

Paycor

To fund the wage increase, the company is eliminating its variable compensation pay (VCP), bonuses for employees with good attendance and who hit productivity targets. Unfortunately, however, many small to medium businesses don’t have a clear line of sight into their total workforce cost.

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3 Ways to Free Up Budget to Reinvest in Your Workforce

Visier

Find funding with workforce analytics. Common measures, like freezing C-level pay or cutting out bonuses will only cover a portion of profit losses, much less fund employee training and development. Trying to execute the above tactics with spreadsheets requires a lot of time, data wrangling, and cleanup to manage.