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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. Yet, there’s no shortage of human resources KPIs out there, so how do you know which you should track? What are the benefits of tracking HR KPIs?

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Beginner’s Guide to Collecting and Analyzing HR Metrics

Homebase

Are you struggling with high employee turnover, low staff engagement, or escalating training costs? recruitment, retention) Employee behavior and performance Overall workforce planning and strategy Data Scope HR-specific data (e.g., Are you aiming to increase productivity, enhance employee engagement, or reduce turnover?

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5 ways to reduce employee turnover in restaurants

Homebase

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Example: Annual employee turnover rate.) This reduced the number of hours and staff required to screen applicants effectively. With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards.

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New York City Law to Mandate Salary Transparency

Extensis

This is the latest move to encourage salary transparency and address systemic pay discriminations. Advocates of this bill argue that this forces applicants and potential employees into “unequal negotiations throughout the hiring process without the critical piece of knowledge around salary.” . What does the law cover? .

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Talent acquisition strategy and recruitment success

Acendre

Addressing this capability gap is a business imperative, given the need to effectively manage staffing and meet operational goals.” It is emerging as powerhouse solution for measuring recruitment success (and retention success). Talent acquisition strategy He has a point. A talent acquisition strategy is important at any time.

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The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

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.

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