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Analytics Unleashed: Practical Applications in HR Analytics can be an intimidating word for many HR professionals, often conjuring images of endless spreadsheets, eye-watering pivot tables, and a level of technical complexity reserved for data scientists alone. Picture your HR data scattered like puzzle pieces across multiple tables.
Whether its market expansion, tech transformation, or reducing turnover, every HR move should support the bigger picture. Use Workforce Analytics to Drive Smart Decisions Gut instinct isnt a strategy. Tap into workforce analytics to understand turnover trends, employee performance, skills gaps, and future talent risks.
Accurately forecasting workforce needs helps organizations avoid talent shortages, reduce turnover, and remain competitive. This informs strategies related to recruitment, retention, and talent management and development. Workforce planning covers both short-term (e.g., annual budgeting and planning) and longer-term needs.
Turnover Rates: Insights into the rate at which employees join and leave the organization. Turnover and Retention Analysis Tracking headcount over time helps organizations monitor employee turnover rates and identify patterns or trends. to evaluate retention strategies and succession planning.
With a strategic mindset, HR staff can support employee development and boost retention for the long term. Strategic HR focuses on big picture goals: Productivity and team building Career growth and leadership development Engagement and retention Community involvement and branding Choose one or the other? Or do you need both?
HR analytics helps HR professionals and their organizations to improve decision-making through data. There are 4 types of HR analytics methods that HR professionals can use, namely, descriptive, diagnostic, predictive, and prescriptive analytics. Contents What is human resources analytics? Descriptive analytics 2.
HR analytics allows HR professionals to make informed decisions and create strategies that will benefit employees and support organizational goals. In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. Contents What is HR analytics?
Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.
In 2025, people analytics has emerged as a transformative force, enabling HR professionals to gain deeper insights into employee behaviour, engagement, and performance. This blog explores the growing significance of people analytics, its benefits, and how organisations can leverage it to foster strategic HR initiatives.
For example, if a large proportion of a target group is nearing their retirement age, or if engagement scores for key employees are very low, make them pop out! Instead, provide guidance in the graphs by pinpointing results that should catch the viewer’s attention.
Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The Stages of the Hire-to-Retire (HTR) Process HTR involves several stages that align with an employee’s career trajectory.
Dr Dieter Veldsman, Chief Scientist (HR and OD) at AIHR, says: “A data-driven workforce planning approach allows you to balance your business’ talent demand and supply, ensuring you are proactive in skills development, acquisition, and retention.” Key takeaways Embrace data and analytics in HR decision-making processes.
Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? Contents What is attrition rate?
Using analytics helps leverage data to evaluate the existing workforce’s performance and identify any skills gaps, determining which skills and employees need further development. Workforce analytics can assess the current workforce’s skills, experience, and knowledge. Employees expect more than just a salary from their employers.
Workforce analysis takes a broader approach than people analytics by using both employee and ROI data to make informed recruitment, retention, and employee management decisions. Don’t hesitate to ask your people analytics team or your data department for help with choosing the right type of analysis and for running the analysis.
Providing employees with learning opportunities can boost employee engagement, resulting in higher productivity and profitability while lowering employee turnover. An engaged workforce often equates to higher productivity rates, increased profitability and employee retention. Reducing turnover. Skills gaps.
In the past, companies usually measured employee engagement by analysing turnover rates. Unfortunately, that strategy relies on 20/20 hindsight instead of identifying practical ways to reduce turnover proactively. That’s why today’s software applications for measuring key performance metrics are so valuable.
Organisations face significant challenges in talent acquisition , employee retention, and workforce development. Job market analytics : Helps organisations identify skills shortages and hiring trends in their industry. Microlearning & gamification : Increases engagement and knowledge retention through interactive training methods.
A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C., HR’s Rising Stars Meet this year’s class: The winners of HR’s Rising Stars Mana Fletcher: This HR Rising Star’s key to innovation?
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. However, knowing your turnover rate does little to support strategic business plans.
There are as many reasons for employee turnover as there are people who leave their jobs. This article explores some of the most common reasons for employee turnover and ways to prevent it. Contents What is employee turnover? Let’s get started!
These platforms centralise workforce data from recruitment to retirement and turn it into actionable insights. With real-time analytics dashboards, predictive modelling, and workforce trends, HR leaders can make informed decisions that align with broader business objectives.
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? The Era of Foot Locker Workforce Analytics.
HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits. Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention.
Doing this well leads to lower turnover, higher productivity, and increased engagement. Reducing costs – A well-designed talent acquisition strategy helps reduce recruitment costs by streamlining the hiring process, improving the quality of hires, and lowering turnover rates, saving both time and resources in the long run.
Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. Data analytics has the potential to turn information held into actionable processes and outcomes. When a business invests in current staff, retention and engagement increase.
They ensure that employees receive the benefits they’re entitled to, including health insurance, retirement plans, and vacation time. HR professionals must also be aware of factors such as employee turnover , staff about to retire, and external economic trends that could impact the organization’s workforce.
Headcount planning involves setting hiring targets, creating reskilling and upskilling plans for current employees, decreasing employee turnover, and analyzing worksite occupancy and company-specific objectives and strategies. HR and management can collaborate to make financial decisions based on accurate headcount data and future plans.
Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. It’s important in many ways.
FTE is useful when comparing the performance of part-time and full-time employees and budgeting for hiring, training, and turnover rates. Identify key areas where analytics will help you solve problems and meet goals that add value to the organization from a business perspective. The benefits of a headcount analysis.
HR term example: “There are different types of HR Chatbots, including recruitment chatbots, onboarding chatbots, HR analytics chatbots, and (many) more.” HR term example: “Examples of ageism in the workplace include marginalization, reduced training opportunities, (semi) forced retirement, and unequal pay.”
Talent Attraction and Retention: The Harvard Business Review highlights that comprehensive family benefits, including childcare, can significantly influence a candidate’s decision to join or stay with an organization. A survey from Global Workplace Analytics indicates that 80% of employees consider telework a job perk.
Below, I outline different ways people analytics can be used to support these processes. Analytics can help you evaluate: Strength of your pipeline. Is there a retirement risk among the succession candidates on your slate? Analytics can help you have a more robust conversation about employee and organizational needs.
Looking to optimize workforce productivity and retention? Eliminate the guesswork with an employee engagement analytics strategy that will benefit your people and your larger goals. And what happens when we equip ourselves with strong people analytics and employee engagement data to start strategically planning ahead?
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). In turn, better retention is likely to lead to better care and higher patient satisfaction. Look for the symptoms.
This includes predicting retirements, turnover rates, expansion plans, and changes in skill requirements. This may involve recruitment strategies, training programs, workforce restructuring, or talent retention initiatives. Data Analytics and Insights: Data Collection: Gathering and analyzing relevant data is fundamental.
Therefore, HR leaders are very concerned with keeping employee turnover low. That’s why employee turnover data analysis is a valuable tool in your HR arsenal. Understanding employee turnover helps you prevent employees from leaving and retain top talent. Contents What is employee turnover data analysis?
The Silver Tsunami refers to the increasing number of veteran professionals heading into retirement and taking their skills and institutional knowledge right along with them. Offer part-time, phased retirement, or “ returnships ” to keep more senior team members engaged in the workforce for longer. What is the Silver Tsunami?
It includes talent acquisition , performance management, and employee engagement, aiming to optimize workforce productivity and retention. Benefits administration: Managing employee benefits, such as health insurance, retirement plans, and PTO (Paid Time Off). Think of it as the HR software focused on record-keeping.
If your senior engineers are retiring in two years, you must nurture technical leaders now. Predictive analytics now enables strategic decisions backed by solid evidence. Use the data to understand what works and what needs adjustment, helping companies save millions in potential turnover costs.
We often talk about the employee lifecycle , the “recruit to retire” journey of an individual through multiple human capital processes. Workforce planning and analytics may sound intimidating, but it’s important to note that it does not require a huge investment in technology and solutions to get started. Where Workforce Data is Used.
Ask Visier is a weekly column where a people analytics expert dives into one of the 2000+ business questions available in Visier and shares how to take action on the answers you might uncover on that topic. Next, you can use Visier to see how turnover is trending and look for patterns over time. Drivers of Resignation Rate.
If your senior engineers are retiring in two years, you must nurture technical leaders now. Predictive analytics now enables strategic decisions backed by solid evidence. Use the data to understand what works and what needs adjustment, helping companies save millions in potential turnover costs.
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