Remove Article Remove Data Remove Retention and Turnover Remove Succession Planning
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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

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. HR analytics, also referred to as people analytics or workforce analytics, involves gathering, analyzing, and reporting HR data. Example: Annual employee turnover rate.)

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Talent Planning 101: The Ultimate Starter Guide (For 2023)

Analytics in HR

Whether that’s upskilling existing employees or hiring new ones, talent planning future-proofs your talent pool. Key elements of a talent planning strategy Developing a talent planning strategy that gets results requires following some key steps. These involve using data, being organized, and nurturing talent and relationships.

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Turnover vs. Attrition: Key Differences Plus How To Calculate Each 

Analytics in HR

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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How HR Can Create a Comprehensive Talent Strategy

Analytics in HR

It’s a strategic data-based approach to workforce planning that allows you to focus on internal mobility, flexibility and diversity. Talent development and retention An Employee Benefits News study shows that the average cost of losing talent is 33% of a company’s annual revenue. Add these gaps to your headcount planning sheet.

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Workforce Planning Model: Process, Benefits, Elements & Examples

HR Lineup

Workforce planning emerges as a crucial aspect of human capital management, offering a structured approach to anticipate and meet the demands of an ever-changing environment. Forecasting : Workforce planning relies heavily on accurate forecasting. Data-driven decision-making is crucial for effective planning.

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How to Develop a Staffing Planning (With Staffing Plan Example)  

Analytics in HR

Used as a model, a staffing plan is a detailed illustration of the organization’s talent pool. It highlights the roles needed in each business unit, the required skills and competencies, succession planning, staffing budget, and ongoing development. Hiring the right people for the right roles can’t be overstated.

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What is the Difference Between HRM and HRD?

HR Lineup

In this article, we delve into the nuances of HRM and HRD, exploring their definitions, roles, functions, and significance. HRD initiatives may include training and development programs, career planning, mentoring, coaching, and succession planning.