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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. Your KPIs are your first line of defense for costly issues like high turnover rates and dipping engagement levels. How is that?

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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. That’s where your onboarding data comes in. Data and KPIs will help you identify ways you can improve your onboarding process.

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Enhancing Talent Acquisition Efficiency: Strategies for Reducing Time-to-Hire

EmployeeConnect

Calculating Time-to-Hire: To compute time-to-hire, meticulous documentation of successful hires, spanning from initial application to offer acceptance, is imperative. This data typically leaves a digital trail, facilitating retrospective analysis. Leveraging an applicant tracking system (ATS) can automate this process efficiently.

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Top Strategies for Effective Headcount Planning in the Modern Workplace

hrQ

Gathering and Pulling Data Accurate information forms the basis of successful workforce planning. It is critical to collect precise data regarding both the present number of employees and the organization’s strategic objectives to guide decisions in effective headcount planning.

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Making Data-Driven Decisions with an Applicant Tracking System

Manatal

The manual hiring process can face many challenges, which is why many new hires end up with poor performance scores and high turnover rates. With the advancement of technology and more applicants turning to online applications and utilizing social tools such as LinkedIn, there is a lot of available data on applicants.

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20 HR Metrics To Consider Adding to Your Company’s KPIs

Pingboard

Retention . Why It’s Important To Track Human Resources Metrics and Who It Benefits. Tracking and analyzing HR efforts empowers organizations from top to bottom. Better decision-making: HR metrics give you concrete data in hand to set realistic expectations, invest in the right resources, and back each new initiative with facts.

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