As products like Visier for mid-market have entered the arena, small to midsize businesses are becoming aware that it’s time to start investing in proper HR data analysis. Caitlin Bigsby, Director of Product Marketing at Visier, states, “This is where democratizing data can help. MORE

While there are a variety of ways to help create an engaged workforce, many experts, including AON Hewitt and the Harvard Business Review, believe that recognition is the most important pillar of any employee engagement program. MORE

Positive employee experience leads to higher job performance and productivity. Research by Aon Hewitt reveals a statistical correlation between employee engagement and revenue growth: a 5% improvement in employee engagement leads to a 3% increase in revenue. MORE

The same study also proved that companies with highly engaged employees are 21 percent more profitable and 20 percent more productive. Good focus group questions for measuring employee engagement should focus on the 12 critical metrics identified by Rich Hein, senior managing editor of CIO. MORE

What’s your magic hiring metric? Start with the positions you hire for most or that have the most financial impact and build your metrics from there. According to an AON Hewitt study, 52% of workers said they’re open to new job opportunities. Establish clear performance metrics. MORE

3 Cisco’s study of 2000 of their teleworkers in five global regions provided an estimated $277 million in annual productivity savings, and more than 47,000 metric tons of greenhouse gases avoided. Cisco’s study shows that remote employees are most productive and creative when allowed to self-manage. For example: A virtual product development team that is designing a product for an emerging market might need to come together for 2 days every two months. . MORE

Rather, CEOs want to move the needle on productivity, customer satisfaction, retention, and revenue. For example, per IBM, employees who score highly on the experience index, which is correlated with engagement, gave 40 percentage points more discretionary effort and were therefore far more productive. Per Aon Hewitt, teams of engaged employees saw an additional 25 percent growth in Net Promoter Scores. MORE

Aon Hewitt, in their 2017 Trends in Global Employee Engagement Study , found that engagement levels have dropped for the first time in five years and Gallup recently reported in its State of the American Workplace report that a full 70% of U.S. MORE

Rather, it’s proven to be a very real business metric in areas such as productivity, employee retention, and financial performance. Employee engagement is so much more than just a “nice-to-have” item on HR’s wish list. MORE

Recently, we reviewed the 21st HR Metrics and Analytics Summit report: How to Hire and Retain the Right Talent in 2019. It shed light on HR’s journey with regards to using metrics, data, and people analytics in the workplace. Below is just a small sample of the benefits of using metrics, data, and analytics in the workplace. McLean & Company used people metrics to understand how much impact disengaged employees had on an organization. MORE

Shaswat Kumar, partner, Aon Hewitt via Business Standard. Connect business outcomes to HR metrics. Take each of these goals and break them down into processes and secondary objectives until you reach a HR-related area, where you’ll find your correlative metric. MORE

Additionally, when workers are more engaged, their managers feel better about being able to deliver on productivity goals. Aon Hewitt annually measures worldwide employee engagement, including quantifying employee advocacy and interest in staying with the current employer. MORE

When your employees can give you a unique lens to a customer market they can inform advertising, product development, customer service and more. MORE

While there, we had the opportunity to talk to Christopher Klimek, vice president of global finance and HR technology at Aon plc, and Mike Hite, director or finance technology at WeWork, about the business impact of their Workday Financial Management deployments, and why you shouldn’t replicate your current business model in a new financial management system. Aon is a leading insurance and professional services firm with 70,000-plus colleagues in 120 countries. MORE