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Closing the Loop: Linking Workforce Planning, Analytics, and Hiring

Visier

We often talk about the employee lifecycle , the “recruit to retire” journey of an individual through multiple human capital processes. Unfortunately, our research showed that 31% of organizations indicated that workforce data and analytics were used only by HR and not the business.

Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

There is a goldmine of information contained within that gives us insight ranging from the state of the economy to how hard it will likely be to make that next critical hire. Today, HR has the opportunity to enter the spotlight again as a leader in workforce planning.

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Strategic Workforce Planning in 3-2-1

Analytics in HR

Strategic workforce planning (SWP) is a commonly used term for a multitude of approaches to achieve a singular goal: having enough employees of sufficient quality in the future. So, what can be done to really look towards the horizon and avoid the aforementioned pitfalls?

A Guide to Strategic Workforce Planning

Analytics in HR

Workforce planning is often mentioned – but rarely explained. What is workforce planning, and how do you do it? When used well, strategic workforce planning enables HR to plan for the capabilities they need in the future. HR Analytics

The 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

Businesses need to make sure they have the right people in the right jobs at the right time. This means HR leaders are required to: Hire people who align with the company’s culture (the right people). Here are five key steps to use analytics to inform your workforce plans: 1.

The Future of Workforce Planning

HR Daily Advisor

Employee turnover is extremely expensive, costing up to 1.5 to 2 times an employee’s salary , and those numbers are rising. One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements.

5 Essential Workforce Planning Tools for any HR professional

Analytics in HR

Workforce planning tools are an essential part of the HR professional’s toolkit. In this article we’ll go over 5 strategic workforce planning tools, explain their use and give examples and excel templates on how to use them. What are workforce planning tools?

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. It is the foundation of the partnership between the business and HR and provides the organization with critical information about how to meet its staffing needs and how to allocate its HR resources to meet business goals. This includes both the ability to identify the need for change as well as determining the organization’s capability to change successfully.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

Data is now the most valuable currency in the world. But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades.

How to Develop Data-Analytics Skills in HR

Analytics in HR

The ability to analyze and extract valuable insights from workforce data is an increasingly sought-after skill in HR. But adding data-analytics competency in the HR staff is a challenge. Data Analytics Training Options. Analytics News & Blogs

Workforce planning strategies to meet the federal hiring freeze

HR Times

Will the hiring freeze issued on January 22, 2017, by the White House be part of a longer-term strategy to reshape the federal workforce? How will a reshaped workforce impact agencies’ abilities to support operations and mission needs?

4 Trends Impacting Workforce Planning

Oracle HCM - Modern HR in the Cloud

How can HR leaders build a workforce plan when we don't know what the future will be? Planning is HR's never-ending challenge, but like every other business function, it’s an important part of our responsibility. Ultimately, no plan is perfect.

How To Reduce Employee Turnover with Workforce Analytics

Visier

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. The Era of Workforce Analytics.

How to Meet the New Overtime Regulation Using People Analytics

Visier

In 2016, I shared how organizations could use people analytics to prepare for the changes to overtime pay that were set to take effect later that year. HR can’t keep being reactive to change. It’s a daunting task because data is everywhere.

How to Measure the Value of People Analytics

Reflektive

According to Google Trends, the search term “people analytics” was almost nonexistent until about 2008. It means that people analytics has become part of the conversation for many businesses. Based on Deloitte research, “77% of all organizations believe people analytics is important.” 77% of all organizations believe people analytics is important. Click To Tweet. What is People Analytics. What is people analytics? Average time to hire.

How Improving HR’s Analytics Capability Prevents Chaos Over New Overtime Rule

Visier

And, in this pivotal moment, many are turning to cumbersome, error prone, insecure spreadsheets. The ruling means that any employee paid less than $47,476 per year will be entitled to overtime pay on any work beyond 40 hours a week. The Importance of an HR Analytics Function.

Workforce Planning 101 [Infographic]

Visier

As Vice President of Workforce Management Practice and Principal Analyst at Brandon Hall Group Mollie Lombardi wrote in this Workforce Planning blog post last year: “Workforce planning is tricky business. Not just because of the complexity entailed in the process, but because if you ask four people what workforce planning is, you’ll likely wind up with five definitions.”. So, what is Workforce Planning?

People Analytics Conferences Data-Driven HR Leaders Can’t Miss in 2018

Visier

People analytics is now business-critical and, more than ever, HR must take advantage of the massive opportunities that analytics provides. Why is it so important for HR to attend at least one conference on data and analytics? Be sure to check back!

How To Reduce Employee Turnover with Workforce Analytics

Visier

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. The Era of Workforce Analytics.

Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

Here’s a mind-blowing fact to spark up the late-summer doldrums: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. Companies also want: Data security. Data privacy.

11 HR Analytics Courses Online

Analytics in HR

This article lists the eleven best HR analytics courses in the world today. Getting started with HR analytics – also called People Analytics – is a big step for a lot of people and organizations. An HR analytics course that answers these questions can be invaluable.

What is People Analytics and How Do I Get Started?

Visier

People analytics (also commonly known as HR analytics or workforce analytics) is the practice of collecting and transforming HR data and organizational data into actionable insights that improve the way you do business. ” Find your data champions.

Why Being Data-Driven Isn’t Enough

Visier

Over the last two decades, we’ve seen almost all corporate functions infuse analytics into their businesses. Even the most qualitative departments, such as Marketing, moved from “art” to “science” through the use of data. . The data hurdles HR faces. Worry less about data.

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Top 10 People Analytics Difference Makers to Look For

Visier

Travelling to HR Tech next week ? It’s the place to be for the latest and greatest in HR technology trends–especially analytics. . Unfortunately, the ability for HR to gain meaningful answers has been getting worse. Want to reduce the risk of gender bias or pay inequity ?

Case Studies: How Companies Use People Analytics to Achieve Results

Visier

While there is countless evidence from research that people analytics and workforce planning deliver value to organizations , there is still the question of “how” exactly this value is achieved. The value from analytics comes from taking effective actions.

The Rise of the People Strategy Platform

Visier

This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. Adapt to changing demand. HR’s role is not simply to translate business strategy — but to drive it.

The Power of People Analytics in Everyday Decision Making

Visier

If you’ll be at HR Technology Conference this week, join us at booth #2019 to discover how people analytics help our customers make better business decisions–and vote for your favorite submission! According to Deloitte, only 8% of companies report that they have usable data. .

HR Happy Hour #201: Putting the Fun Into Analytics

HR Ringleader

A few weeks ago, Steve and I had the opportunity to record a HR Happy Hour episode with Mike Psenka, SVP of Workforce Solutions at Equifax and Edward Pertwee, Strategic Workforce Consultant at BT. We had just conducted a panel discussion on how to leverage data and analytics for HR and organizational success. Just search the iTunes store or your podcast app for ‘HR Happy Hour’ to add the show to your subscriptions.

How Hershey Used Data to Increase Retention Rates and Improve Workforce Planning

Linkedin Talent Blog

For many of us, Halloween and Easter are excellent excuses to indulge ourselves in our favorite sweets. snacking companies, having fully-staffed sales teams is a key ingredient for Hershey to make the most of these treat-filled seasons. How regularly employees meet with managers.

5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. But don’t mistake the people analytics that come with your HRMS as good enough.

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Taking Data-Driven Action

HRO Today

Today’s HR leaders are relying on analytics to drive forward HR strategy—but there are some hurdles to cross along the way. And data’s functionality goes further than that—sophisticated companies are even using it to power intelligent technologies like artificial intelligence.

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5 Ways Your HRMS Hinders Data-Driven Decision Making

Visier

Leaders across the organization recognize that making workforce decisions based on facts and data—instead of intuition alone—is a key route to increasing their impact on the business. But don’t mistake the analytics that come with your HRMS as good enough.

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People analytics and learning: Driving workforce development by delivering the right solution to the right people at the right time

Bersin with Deloitte

Calibrated through multiple data points, these precise solutions drive business outcomes by delivering the right intervention to the right person at the right time. The context for learning analytics. From creation to curation. The data exist.

The Rise of the People Strategy Platform

Visier

This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. Adapt to changing demand. HR’s role is not simply to translate business strategy — but to drive it.

5 Steps to Improve Talent Acquisition Through Better Data Analysis

Acendre

5 Steps to Improve Talent Acquisition Through Better Data Analysis. Blueprints are a time-tested way to communicate how to build a structurally sound building. It is how you use the stats to make the impact you need. The Blueprint.