HR Analytics for Better Data-Driven Decisions

SutiHR

People analytics can provide HR teams with better data collection, reporting, and the information required to make data-driven business decisions. The post HR Analytics for Better Data-Driven Decisions appeared first on SutiHR.

Three Ways Metrics Can Help Avoid Common Compliance Mistakes

Cornerstone On Demand

Too many firms treat compliance as a box-checking exercise, making employees sit through training to attest that they understand the rules, but failing to assess the effectiveness of their compliance programs, or doing so with faulty metrics," the HBR report states.

Reports vs Analytics: What’s the Difference?

Visier

In today’s competitive business landscape, organizations are increasingly turning to analytics to give them the answers they need to make decisions with greater confidence. So, what are analytics and how are they different from reports? Reports provide data; analytics provide insight”.

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Why HR Needs Mid-Level Analytics Projects

Visier

The most exciting stories of people analytics involve big data yielding surprising findings that deliver an enterprise-wide impact. The least exciting stories involve essential, but basic metrics such as dashboards with accurate turnover data.

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.

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.

Fact or hype: Do predictive workforce analytics actually work?

Visier

When determining the validity of our predictive analytics capabilities, customer data analyzed was anonymized. Why is proving that predictive analytics work so hard? How did we validate Visier’s “at risk” predictive analytics technology? This one is for you, Bill Kutik.

How to Help Your Clients Find Metrics that Matter

Paycor

After reviewing proprietary data from nearly 3,000 Paycor clients, we found the most successful HR teams map people management metrics to business outcomes. The answer to some of your clients’ most pressing business problems are in their HR data.

3 HR Metrics That Matter

Zenefits

As a result, business leaders are now using HR analytics t o help guide strategy and boost profits. In fact, according to Deloitte’s 2017 Global Human Capital Trends report, 71 percent of companies report that people analytics – “using digital tools and data to measure, report and understand employee performance” – is a high priority in their company. I asked human resources experts to weigh in on the HR metrics that matter most, and why. #1

How Workforce Analytics Can Take You Beyond The Clock

nettime solutions

Workforce analytics help businesses define, predict, and enhance their performance. When applied to the HR world, workforce analytics help HR staff analyze data relating to productivity levels, performance, if training is effective, and can even predict turnover.

Fact or Hype: Validating Predictive People Analytics and Machine Learning

Visier

If you can leverage predictive analytics to correctly identify employees who are at risk of leaving, should be considered for a promotion, or are likely to move laterally within the organization, you can avoid unnecessary and unexpected costs, while also enabling productivity and performance gains.

Fact or Hype: Validating Predictive People Analytics and Machine Learning

Visier

If you can leverage predictive analytics to correctly identify employees who are at risk of leaving, should be considered for a promotion, or are likely to move laterally within the organization, you can avoid unnecessary and unexpected costs, while also enabling productivity and performance gains.

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process. Payroll – How long does it take my sales hires to become profitable?

Fact or Hype: Validating Predictive People Analytics and Machine Learning

Visier

If you can leverage predictive analytics to correctly identify employees who are at risk of leaving, should be considered for a promotion, or are likely to move laterally within the organization, you can avoid unnecessary and unexpected costs, while also enabling productivity and performance gains.

How to Get Started with People Analytics

Namely

People analytics continues to be one of the hottest topics in the world of HR. Analytics for Everyone People analytics has long been a luxury reserved for enterprise businesses with substantial resources and well-trained data analysts. This isn’t a one-size-fits-all guide (there are limitless factors that determine what kind of people analytics your business needs), but my goal is to give you an understanding of where to start and what to consider.

How Analytics with HR Software Can Help Your Organization

Digital HR Tech

When we say analytics or workforce analytics, most people picture gigantic rows and columns of data that is too hard to collect and analyze, and therefore too much of an effort for them to take up. Moreover, they might not be sure of the usefulness of the analytics, and its added value for the organization. All of this has come to make organizations wary of using analytics. However, analytics can be useful for everyone, and we’ll see more about this in this post.

Are You Asking the Right Questions to Evaluate Your Payroll System?

Hireology

Most businesses reevaluate their payroll systems every few years to determine if the system is meeting their needs and expectations. The next time you’re evaluating your payroll system, ask yourself the following questions to see if your current system works for your business.

Finding the Balance in People Analytics

New to HR

On the contrary, we are hearing from experts in the HR industry who talk about reporting and statistical tools and the role they play in workforce efficiency, with them using buzzwords such as ‘ People Analytics ’, ‘ Predictive Analytics ’ and ‘ Big Data ’. The post Finding the Balance in People Analytics appeared first on New To HR. HR Technology Big Data change management HR Software People Analytics Strategic HR

Data Analytics Tools are the Magic Wand for Small Businesses

Zenefits

But the importance of SMBs goes beyond just the economic contribution; they have also contributed to growth and vitality in socioeconomic metrics by creating jobs and further opportunities for women and minorities to achieve necessary financial success and independence. However, many SMBs have restricted access to data analytics tools, keeping them from the robust data that larger companies are able to utilize. Data Analytics Tools: the need of the hour.

Survey Says…

HRO Today

Finding the Right Metrics. We find there are several key performance metrics that we can measure that are direct indicators on how our employee engagement efforts are doing—all of which are tied to our corporate goals,” says Pryor.

Where to Start with Global Payroll Reporting?

NGA Human Resources

A stated aim of many global payroll projects is to (finally) be able to benefit from global reporting, yet many organizations find it hard to articulate what this mythical benefit actually should look like.

Workforce analytics Part 2: Informing labor cost optimization

HR Times

In Workforce analytics Part 1 , we discussed three key questions about labor spending that workforce analytics can help organizations answer: (1) How am I doing?, (2) We know that it takes a special analytics model to expose what’s really going on and predict where it might continue.

Is Collecting the Data Taking Too Long? Here’s Help

TLNT: The Business of HR

While many aspirational HR leaders look to mature their strategies to include a variety of workforce and talent analytics , the majority of HR teams remain challenged with tactical and operational reporting requirements.

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How Competitors Use Human Capital Analytics to Win

Paycor

How to use human capital analytics to get instant insight into your most important business challenges. The answers to these (and many other) important questions are in your HR, payroll and time data systems. What Is Human Capital Analytics?

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HR Analytics: The Key to Maximizing Your Workforce

Paycor

According to an International Public Management Association for Human Resources (IPMA-HR) survey, nearly 70% of respondents said they collect HR metrics. Workforce analytics help you drive more methodical decision-making throughout the organization. Get the Analytics Advantage.

Add Value For Your HR Administrators

nettime solutions

The scope of what HR encompasses goes beyond recruitment, staff administration, and payroll. Calculates time and wages based on your payroll policies. Integrate with payroll software seamlessly. Provide reports on metrics accurately. payroll labor analytics scheduling

How to Calculate Employee Turnover Rate

Analytics in HR

In our people analytics community, we’ve had a few discussions about how to calculate employee turnover and retention. In analytics, employee turnover is arguably the most-discussed metric. These people will not be on the payroll during the next period. HR Analytics

Putting Service Reliability and Assurance First for our Global HR & Payroll Clients

NGA Human Resources

Metrics are frequently defined at the local team level, making it difficult to compare similar services provided by similar teams, or even single teams supporting multiple clients. The most important metrics for gauging the successfulness of the team are listed here.

What Dashboards You Need to Make Informed Talent Decisions

Reflektive

They’re responsible for recruiting, hiring, onboarding, training, payroll, benefits administration, compliance, and much more. An HR dashboard provides visual displays of workforce metrics. You would want to choose metrics that get to the heart of the turnover problem. People AnalyticsHR wears many hats in today’s business landscape. But in order to be a true strategic partner in an organization, with a seat at the executive table, they need compelling data.

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Quantifying Company Culture

Collage

Combining business savvy, street smarts, and a military upbringing, Elisha brings a truly analytical mindset to modern HR. We spoke with her to learn how she thinks product development can inform people and culture and why HR metrics truly matter. __.

6 Ways Big Data Will Change HR

Aberdeen HCM Essentials

Predictive analytics can significantly aid in employee retention. With big data analytics and the right support system, companies are able to move beyond job description-based recruitment and map skill sets to company strategy, allowing for better hiring decisions to be made.

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7 Human Resource Management Basics Every HR Professional Should Know

Digital HR Tech

HR data and analytics. HR data and analytics. For compensation, a payroll system is often used, and there are also digital tools that enable effective succession planning. HR data and analytics. The last of the HR basics revolves around data and analytics.

CEO Pay Ratio: Grade School Math or Grade-A Headache?

Visier

Running the calculations across millions of rows of data and then determining the mean of all those rows is simply beyond the capabilities of payroll solutions, and that’s assuming that all payroll is in a single solution. Here’s how Visier People’s analytics spare organization’s the pay ratio grief. ( You can also see a video on Visier’s other compensation-related analytic capabilities here ). Median Employee Pay Metric. People Analytics Best Practices

The Disconnect Between People and Business Strategy

Visier

In the Harvard Business Review Analytic Services (HBR-AS) study, How CEOs and CHROs Can Connect People to Business Strategy , 67 percent of CEOs say they get at least a basic set of human capital metrics from HR – but only 24 percent of survey respondents (made up of business and HR leaders from 168 companies) said HR also provides analytics that connect their people metrics to business metrics. People Analytics Leadership business outcomes data-driven HR

The Disconnect Between People and Business Strategy

Visier

In the Harvard Business Review Analytic Services (HBR-AS) study, How CEOs and CHROs Can Connect People to Business Strategy , 67 percent of CEOs say they get at least a basic set of human capital metrics from HR – but only 24 percent of survey respondents (made up of business and HR leaders from 168 companies) said HR also provides analytics that connect their people metrics to business metrics. People Analytics Leadership business outcomes data-driven HR