How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

How Does Turnover Impact Your Organization’s Bottom Line?

Visier

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

Can predictive analytics really help with employee retention?

Ceridian

The most common cause,” says Cliff Stevenson, Principal Analyst, HR/Workforce Management at Brandon Hall Group, “is personal conflicts with their supervisors.” So, if your organization has high employee turnover, your bottom line could be taking quite a significant hit.

Infographic: 5 Reasons Why Employee Retention is So Difficult - DecisionWise

Decision-Wise

Why is employee retention so difficult? Looking at tenure by age shows that the youngest group of workers have the lowest average tenure of about three years. Read more on Employee Turnover here. Well, times have changed.

Boosting Employee Retention with Predictive Analytics

Analytics in HR

Employee turnover is a natural part of business in any industry. Excessive turnover decreases the overall efficiency of a company and is very damaging to the bottom line. Understanding the effects of a high employee-churn-rate serves as a motivator for large corporations, or even small businesses, to work toward reducing the turnover rate of their employees and making the company a more appealing place to work. High turnover rates cost the company in other ways, as well.

Curbing Employee Turnover Contagion in the Workplace

Visier

Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. As emotional contagion researcher Sigal Barsade writes , employees “routinely ‘catch’ each other’s feelings when working together in groups.”

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk.

Launch Bold Employee Retention Programs That Work: Avoid Copycat HR

Visier

Prove the retention problem. To do this, begin by looking at general trends for turnover and resignation patterns. A good rule of thumb is that if you are seeing increases in turnover of over 3-5%, then you have a trend that indicates a problem.

Fact or hype: Do predictive workforce analytics actually work?

Visier

When determining the validity of our predictive analytics capabilities, customer data analyzed was anonymized. So, how can you ensure a vendor’s claim to predict employee retention risks is valid? Why is proving that predictive analytics work so hard?

Predictive Analytics in HR: The Game Changer

CakeHR

Predictive analytics in HR is one of the most recent key trends to follow in 2018 and there’s good reason for it – businesses need it, especially if they want to keep up with their competition! For those of you that are still asking the question ‘What is HR Analytics?’ HR analytics.

2 Keys to Millennial Retention: Personality Assessments and People Analytics

ATD Human Capital

Through our surveys, interviews, and focus groups, they found that many Millennials “are perfectly willing—even eager—to stay.” Enter A ssessment s and Analytics.

People Analytics 101 with Josh Bersin

Cornerstone On Demand

Analytics is the new buzzword in talent management, but that doesn't mean it's the new reality. While three in four companies believe using people analytics is important, only 8 percent think their organization is “strong" in the area—with no improvement since 2014.

Employee Turnover is Highest in January: How to Keep Critical Employees from Leaving

Visier

This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover.

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.

How To Conquer High Turnover Using Authentic Recognition

Bonusly

Companies that scored in the top 20% for building a "recognition-rich culture" actually had 31% lower voluntary turnover rates! -. This negates many of the positive effects of recognition, leading to increased turnover rates. The Link Between Employee Recognition and Reduced Turnover.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). Here are the steps to achieving this: Identify your Retention Problem.

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. Getting to high-impact analytics relies first and foremost on accurate, believable data.

20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is a challenge for nearly every organization. Although it may seem impossible to perfect a retention strategy in the face of these odds, you can often make a dramatic improvement with a few simple steps. Even the best leaders have a hard time keeping top talent.

Workforce Management Goals And Data Insights: Applying Embedded Analytics To HR

SuccessFactors

Part 3 in the “Embedded Analytics” series that explores the many ways that companies across industries are using analytics to support innovation. In this blog, I’ll cover three of these challenges in particular, and then look at how embedded analytics can help address them.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

Being a people analytics expert doesn’t mean you need years of technical experience. Rather, it’s about knowing where to focus and using the right technology to make analytics more accessible. Aha Moments and HR Analytics.

HR Moments Matter: 3 Compensation Challenges Solved With People Analytics

Visier

Being a people analytics expert doesn’t mean you need years of technical experience. Rather, it’s about knowing where to focus and using the right technology to make analytics more accessible. Aha Moments and HR Analytics.

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.

Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

People analytics. All of these areas can be improved by applying a more analytical approach. As someone who is interested in data and analytics, I was eager to learn how HR is collecting information, examining data, and making sense of the numbers. Talent attrition/ retention.

Five Ways Data Analytics Can Help Close The Gender Gap

SuccessFactors

The more we learn and use data analytics ethically and responsibly, the greater our chances of living in a more equitable world. In both my professional and personal life, people who know me know that I’m passionate about data analytics – for lots of reasons.

5 Learning and Development Questions You Can’t Answer Without Analytics

Visier

Additionally, it can also lead to lower employee engagement and increased turnover. Learning Management Systems Can’t Do Learning Analytics. Recommended Read: 4 Best Practices for Choosing the Right HR Analytics Technology. You can focus some of your programming on this group.

Why Corporate Wellness Programs Need a Dose of Occupational Therapy and Analytics

Visier

Lower turnover / higher employee retention rates. A 2015 survey by Fidelity Investments and the National Business Group on Health (NBGH) showed expenditures of $693 per year per employee. Recommended Read: Make HR Analytics a Priority, But See the Bigger Picture ].

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. Getting to high-impact analytics relies first and foremost on accurate, believable data.

HR Analytics Case Study: Why Expats Quit – and how to Retain them

Analytics in HR

From the perspective of evidence-based HRM and HR analytics, I have researched the expatriation process and its implications for several years at multiple global organizations. In this sense, these short-term international assignments seemed to improve the retention of employees.

How to Retain Employees Without Spending More -12 Easy Tips

SocialChorus

It is critical to your business’s long-term health and success, and turnover costs are high. Employee Retention Definition. What is employee retention? Keeping employees at your company is an important priority because the costs of employee turnover are so high.

3 Reasons Why People Analytics Should Be a Priority for Every HR Team

Linkedin Talent Blog

We’ve run the numbers and the results suggest that it’s time for HR professionals to add data analytics to their tool belts, if they haven’t done so already. People analytics will improve your company’s performance. People analytics can also be used to attract talent.

#TChat Recap: The Predictive Power Of HR Analytics

TalentCulture

Many organizations now turn to predictive analytics : the ability to take what happened in the past and find common relationships and factors (leveraging human behavior and neural networks) to model and predict the future, enabling us to report back in analytics with recommendations for the future.

Key takeaways from People Analytics World, London 2018 – Part 2

Littal Shemer

Key takeaways from People Analytics World, London 2018 – Part 2. The 2 nd day of People Analytics World was a continuation of a great professional sessions, and a delighting hospitality, as I experienced in the 1 st day of the conference. People Analytics

Handling Conflict between Different Workplace Departments

HSD Metrics

For example , two managers of different groups have strong individual goals for their departments, each feeling strongly that one was right over the company policies and procedures than the other, but ended up losing sight of how it all fit in with the overall company goal.

Getting People Analytics Right: Josh Bersin Shares the Right Approach and Tools

Linkedin Talent Blog

A recent report from Deloitte found that 71% of companies view people analytics — the practice of collecting, cleaning, and interpreting data about employees to make better business decisions — as a high priority at their organization. Talent Analytics

5 Ways People Analytics Solves Retail’s Top Workforce Issues

Visier

Proper people analytics should go beyond metrics and focus on connecting employee data to business data so you can see how workforce programs impact results store by store. Here are five ways analytics helps solve the retail industry’s most pressing workforce challenges: 1.