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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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5 ways to reduce employee turnover in restaurants

Homebase

Employee turnover can be one of your biggest costs as a restaurant owner. From creating a job posting , to interviewing candidates , to providing training , employees require a huge investment in both cost and time. High employee turnover is a common battle that restaurants face. And when they leave, it can be expensive.

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Mastering Talent Acquisition and Retention in 2024: A Holistic Approach

EmployeeConnect

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Learning Management System (LMS): A robust LMS is invaluable for addressing the skills gap.

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What Is Your Onboarding Data Telling You?

ExactHire

An effective onboarding process can have a positive impact on nearly every aspect of your business, from improving retention and engagement to strengthening your company’s culture and employer brand. But to create a stellar onboarding process, you need to understand where you’re currently falling short.

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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Employee Hiring and Retention Undeniably, HR strategies for growing businesses begin with hiring and retention.

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

Analytics in HR

Example: Annual employee turnover rate.) Example: Developing an algorithm that predicts what type of onboarding a new hire will need according to their experience and skill level.) This reduced the number of hours and staff required to screen applicants effectively.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. That’s because nothing will hurt your retention rates like bad managers that stress out your employees. Why are referrals so great?