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

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. The Better Way to Do Workforce Planning.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Improving HCAHPS Scores with Data-Driven HR. Navigating Nurse Retirement with the New Workforce Planning.

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The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning. Leveraging HR Analytics.

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

a big postwar question, and ushered in an era of new revolutionary practices, such as coaching, job rotation, 360-degree feedback, high-potential tracks, and succession planning. Companies with poor workforce planning were at risk of going out of business or being sold off.

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.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus.

Tackling Talent Strategically: Q&A With Harvard Business Review Analytic Services

Visier

The majority of leaders (73 percent) have experienced talent shortfalls due to poor workforce planning, according to a new report released by Harvard Business Review Analytic Services (HBR-AS). HR Leadership HR leadership advice HR software workforce planning

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to people analytics? But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. Building your People Analytics Solution.

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

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.

How Four Companies Enable their HRBPs with People Analytics

Visier

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. Many told me their HRBPs are afraid of data and analytics.

The Rise of the People Strategy Platform

Visier

PwC’s 18th Annual Global CEO survey, which included a report on People strategy for the digital age: A new take on talent , identified six key priorities for CEOs and HR: Rethinking people strategy. Many HR teams have striven to put the data being generated by their HR systems to good use.

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

Linkedin Talent Blog

In order to proactively plan for hiring needs ahead of time, Hershey needed a systematic process to predict attrition. Sean and Emilie embraced people analytics because they knew how to drive results with data: now they’re putting those skills into action. “We Talent Analytics

The Rise of the People Strategy Platform

Visier

PwC’s 18th Annual Global CEO survey, which included a report on People strategy for the digital age: A new take on talent , identified six key priorities for CEOs and HR: Rethinking people strategy. Many HR teams have striven to put the data being generated by their HR systems to good use.

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.

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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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.

Everything You Need to Know About HR Analytics

Reflektive

Deloitte’s 2017 Global Human Capital Trends report found that 71% of companies rate people analytics as a high priority in their organizations. But what’s driving this trend toward people analytics? And, on a broader scale, what exactly is HR analytics? Human resource analytics is the process of gathering and analyzing data regarding human capital, then using those insights to make data-driven HR decisions. Let’s look at analytics in recruiting.

What Works in Workforce Planning and Retention

WhoKnows

Workforce Planning – Key to Competitive Advantage. Most business leaders lack the visibility to predict future workforce needs and most HR professionals lack the right tools to provide insights on data-driven workforce questions. And if HR can’t provide smart data, they’ll not only lose credibility – they may lose their jobs. In most companies, total cost of workforce averages near 70% of operating expenses. The problem is not a lack of data.

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using. But only the data that affects business greatly on daily basis counts. Planning.

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The Value of HR Analytics: Why Every Company Should Be A Quantified Organization

Visier

Since joining Visier, I’ve been thinking a lot about the value of workforce analytics. In fact, a consistent finding from the annual Sierra-Cedar HR Systems Survey (which I managed for 16 years) was that “ organizations with workforce analytics outperform.”.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

3 Things We Learned from The Age of People Analytics Report

Visier

The role of people analytics in any successful organization should not be underestimated. As the Principal of Research and Customer Value at Visier, I understand the importance of using data to drive business strategy and inform decisions. People Analytics Priorities.

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Unleash 2019: It’s All About Smart Data and Reboot(ing) HR

Visier

I come away with my thinking stimulated and lots of new friends that are as passionate about people analytics and all things HR as I am! Your guide to Unleash from a Smart Data Perspective. I am myopically focused on people analytics and transforming HR the right way.

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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. HR analytics holds a promise to change all of this.

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition.

Building Your Business Case for Workforce Intelligence

Visier

Deloitte’s 2016 Global Human Capital Trends report predicts that “in the not-too-distant future, it will become impossible to make any HR decisions without analytics. Indeed, analytics capabilities will be a fundamental requirement of the effective HR business partner.”.

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Using people analytics to improve health care performance

Bersin with Deloitte

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Analytics Data analytics health care Retention Turnover

Using people analytics to get to High-Impact HR

HR Times

People analytics, which is really a subset of business analytics, is a key enabler of High-Impact HR. 1 But it’s not just about HR—people analytics addresses business issues, too. Delivering high impact—Start with believable data. Deliver data that matters to the business.

Using people analytics to improve health care performance

HR Times

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Posted by Brian Augustian on August 18, 2017.

What Do You Know About the Hourly Workforce?

China Gorman

percent of the United States workforce. Yet there is little data to be found about the hourly worker. The segment is so ignored that even the monthly unemployment report doesn’t categorize the workforce by salary vs hourly. Take a look at this survey report.

Talent Analytics Key To Unlocking Big Data’s Power

TalentCulture

Here’s a fact I find fascinating: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. For HR, there’s a gold mine of Big Data. Last spring, I welcomed the “Industry Trends in Human Resources Technology and Service Delivery Survey,” conducted by the Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company. Companies also want: • Data security.

Agility through workforce analytics

HR Times

Analytics capability is a top human capital trend. Two of the 10 trends in Deloitte’s Global Human Capital Trends 2015 report directly focused on analytics, and as we prepare to launch the 2016 report in the next couple of weeks, I can tell you that analytics will remain a top trend.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed. Develop The Right Mix of Workforce Diversity.

5 Benefits of a Data-Driven Recruitment Strategy

Workology

Although overall job gains have slowed, according to 2016 JOLTS (Job Openings and Labor Turnover Survey) there continues to be more job openings than hires being made. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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Five myths about People Analytics that inhibit your progress

Littal Shemer

Five myths about People Analytics that inhibit your progress. If you randomly select an HR leader and ask about her progress in the journey into data-driven HR, the chances that she would tell you that she is already on the track, according to a recent survey , are about 70%.