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6 Workforce Metrics with Significant Financial Impact

UKG

CFOs are seeking out data on absences for sickness or injury, varying rates of absence across multiple worksites, average lengths of time off, and other wellness-related data that was previously thought of as more the domain of human resources. Data analysis. Some noteworthy data analysis KPIs might include: Overtime hours.

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4 Key Questions for Making Smart and Strategic Workforce Management Decisions

UKG

Developing an organization-wide workforce management strategy requires high quality data and a reliable plan for gathering, assessing, and implementing that information. How do you analyze your data? With very few exceptions, today’s workplace is driven by data. Reducing employee turnover.

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HRIS vs. HCM Software

TrustRadius HR

At its core, an HRIS is a central repository of employee data, including professional and relevant personal data like addresses and direct deposit data. This data source is used to enable HR functions that every business uses, such as payroll , personnel tracking, and benefits administration. What is an HRIS?

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Workforce Optimization Best Practices for Blue Collar Employers in Labor-Driven Industries

UKG

A few common labor costs to account for include: Hourly and salaried employee wages. Learning management and training programs. Health insurance and other employee benefits. Time and attendance: Making a clear-eyed assessment of your workplace’s time and attendance data is at the core of any workforce optimization plan.

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Making a Business Case for Investing in Workforce Management

UKG

Think about how much time and energy your HR and payroll teams spend responding to scheduling questions from confused employees, or participating in email back-and-forths while trying to correct timesheet errors. Workforce management data can and should be a major element in setting a predictable and accurate budget forecast.

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HR TechStack – Performance Tracking

Workstride

Allow users to evaluate employee performance in relation to overarching company goals. Enable 360-degree feedback between managers, employees, and peers. Retain historical review data or integrate with third-party applications where historical data can be maintained. The HR TechStack for Performance Tracking Tools.

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Understanding the Gender Pay Gap: The Importance of Gender Pay Equity

UKG

How Ascentis Can Help. According to the most recent data published by the U.S. In 2016, the Equal Employment Opportunity Commission (EEOC), under the Obama Administration, announced it would be adding “Component 2” data to the EEO-1 report. Review learning management modules and take courses to strengthen your team.