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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?

Case Study: Strategic Workforce Planning for Rail Infrastructure Managers

Analytics in HR

However, in order to prepare for the future, the currently existing infrastructure needs a 30% increase in capacity. This requires tremendous changes in the current workforce. Curious how? Planning for the future. To achieve this, large investments need to be made.

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.

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

Reforecasting Amid Upheaval: Best Practices for Financial and Workforce Planning

Workday

If your role includes financial planning and analysis, you likely had just completed your 2020 revenue, headcount, hiring, opex, and capex forecasts, only to find that COVID-19 rendered them moot. So where to go from here? Home in on the top two to three meaningful scenarios.

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.

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.

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?

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

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 Avoid Talent Gaps with Data-Driven Succession Planning

Visier - Talent Acquisition

According to the Association for Talent Development , only 35% of organizations have a formalized succession planning process. As with most things, the best way to manage these risks is to be prepared and to have a plan. Succession planning with data.

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 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.

Course 100

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.

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.

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.

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 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.

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.

Data 205

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.

Data 251

Deloitte Research: How Successful Organizations Use People Analytics to Drive Decision-Making

Visier

Whether you are examining your sales pipeline, the success of a marketing campaign, or employee retention, data and analytics are essential for business decision-making. Despite this, many companies still overlook people analytics when it comes to solving complex business problems.

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.

Cloud-Based Data Management and Analytics for Employee Wellness and Business Survival

Visier - Talent Acquisition

How ready was your organization to provide people insights to leadership, HR, and managers during the COVID-19 pandemic? Analytics teams are in overdrive right now to make critical decisions that impact their employees and their customers. Fictional data used.

Be Courageous with People Analytics: Recap of Visier Outsmart 2018

Visier

Our annual people analytics and workforce planning conference, Visier Outsmart, has wrapped and we’re excited to share all that happened with you. “Be With people analytics and data-driven workforce planning both ever-evolving, HR and business leaders must continuously be fearless in their pursuit of innovation and change within their organizations. Please feel free to download our notes straight from the link below!

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.

Data 63

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Of course, if you don’t know what this technology is and how it works, you can’t use it to add value. But only the data that affects business greatly on daily basis counts. Planning.

Data 68

When People Analytics grows up

Analytics in HR

When People Analytics grows up it adds value. It’s so obvious that you don’t have to spend a lot of time explaining it (and if you really have to, refer to Josh Bersin’s paper “ People Analytics: Here with a Vengeance “).

What is HR Analytics?

Analytics in HR

The question “what is HR analytics?” is asked by a lot of HR professionals who want to get started with people analytics. In this post, we will explain what HR analytics is and how it will shape businesses in the future. These go to finance, marketing, and sales.

The Use of Data Science in HR

Something Different

That said, I’m sharing this piece because lately I’ve been thinking a lot about how much it would raise the water level in HR if a larger share of the function had a stronger grasp of analytics. People Analytics hr human resources

Data 205

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

Question: What ratio of CEOs have cancelled or delayed strategic initiatives due to talent constraints? Answer: 1 in 4 , according to PwC. There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja!

Empower your line managers with powerful people payroll analytics

Ascender

“Today organisations often chase technology, and this becomes the basis of their strategy – but instead the real issue is the change technology brings to business about who has power, trust, and access.” Transform people management with analytics. Payroll Data