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10 vital HR metrics to track for your business

Business Management Daily

Human resources analytics, a relatively new discipline, is growing at an extraordinary rate and is quickly becoming an essential competency for HR professionals, according to Dr. Michele Rigolizzo, an assistant professor at the Feliciano School of Business at Montclair State University. It’s important in many ways.

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U.S. states are not ‘waiting on Congress’ to regulate AI

HRExecutive

Last week, I spoke with Dr. Matthew Neale, organizational psychologist and vice president of assessment products at Criteria Corp. , a company providing tools to help HR teams make evidence-based talent decisions. And, of course, most HR leaders are up to speed on New York City’s Automated Employment Decision Tool law.

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Learn a new word: Positive Predictive Value

Steve Boese

The most common applications of predictive tech in HR have been to assess and rank candidates for a given job opening, to estimate an individual employee's flight risk, and to attempt to identify those employees with high potential or are likely to become high performers. But the opposite, of course is also true.

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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

By comparing different resource cost scenarios over the life of a project, and taking salary increases and turnover into account, firms can determine how best to staff projects that yield solid customer satisfaction at an optimal cost. For example , you can look at past increase percentages for staff based on experience level.

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“5 Things We Need To Do To Close The Gender Wage Gap”, with John Schwarz CEO of Visier

Thrive Global

Organizations need to take both a macro and micro look at their pay practices to understand if they are fairly compensating their employees. If there is a clear difference in scale or compa ratios, then it is clear there is a bias. They paid them from a central payroll system operated at the HQ. I turned it down.

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Why Internal Mobility is Key to Building a Diverse Workforce

Visier

Ensuring people from diverse backgrounds have a fair shot at C-level positions is crucial. But often, leaders “miss opportunities to unleash diverse talent at lower levels,” states DDI’s recent diversity & inclusion report , which analyzes responses from over 17,000 human resource executives and leaders globally.

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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. This amount is negotiated during the hiring process and agreed upon before the employment contract begins.