Remove ATS Remove Data Remove HR Function Remove Metrics

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. The Metrics That Reveal the Highest Business Impacts from Talent Acquisition Actions.

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken. So, if your metrics don’t directly and unambiguously cover strategic goals like increasing revenue, productivity, or innovation, they simply won’t drive executives to act.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

24 HR Metrics that can Make a Difference in Your Business Today

CakeHR

What are Human Resource Metrics? How do you quantify the costs and impact of employee programs and HR processes? By using Human Resource metrics. Employing human resource metrics in your business is a great way to measure the progress (or demise) of your HR actions. HR metrics are priceless and most modern HR programs can help you seamlessly integrate these into your day to day HR functions. Why HR Metrics are Important?

Beyond HR KPIs: Strategic Metrics for Organizational Development

Analytics in HR

In this article, we will look beyond the scope of traditional HR KPIs. We will show that financial KPIs are not the end-goal – rather HR should step up its game and report on the leading indicators of organizational effectiveness. Are HR KPIs enough to carry out strategic workforce management? However, organizations (and society) require a strategic HR function capable to connect the workforce and organizational effectiveness. First, a new look at the “what”.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. The Metrics That Reveal the Highest Business Impacts from Talent Acquisition Actions.

HR Data Sources for Analytics

Analytics in HR

A question we commonly hear is “what are data sources that can be used for analytics?” In this article, we will list a number of common data sources in HR and the broader business that will be helpful in your people analytics efforts. HR data sources can be categorized into three groups. HRIS data. Data from the company’s Human Resources Information System , or HRIS, includes most of the company’s data about its employees. Other HR data.

10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

At first glance, senior HR executives might take that top ranking as a positive thing. As a result of being the top challenge for such a long period of time, it is clear that CEOs and board members fully understand the value of Human Capital, but they have also learned to expect a higher rate of strategic change than most HR functions have been able to deliver. Unfortunately, a study by AICPA revealed that only 12% of CEO’s were confident with Human Capital metrics.

Data 198

The Beginner’s Guide to Championing a Data-Driven Culture Within HR

Visier

Along with gaining buy-in from people at all levels, turning your HR function into a well-oiled fact-based decision-making machine will require you to attain both some new hard and soft skills. Here are four steps that you can take as an HR leader to guide teams towards a data-driven culture and turbocharge your HR impact: Step 1: Ask questions — a lot of questions. It is important to avoid a one-size-fits-all approach to data access.

Data 225

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. HR Metrics are being used in some very interesting ways by HR departments across the country.

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. Despite numerous innovations in engagement tracking technologies and digital tools, HR professionals are still struggling to answer a key question: How can engagement be leveraged to improve workforce and business outcomes? One problem holding companies back is the ineffective collection and use of engagement data. Finding the Right Metrics. Intervene at the team level.

Optimizing Data in Learning

MapHR

During the IQPC’s Chief Learning Officer Exchange in Austin, Texas, HR Exchange Network editor Mason Stevenson had an opportunity to sit down with Marshall Friday in an exclusive one-on-one interview. In the interview, Friday explains why it’s so important to measure learning and how to optimize gathered data for success. So you’ve spoken to a lot of people here at the Chief Learning Officer Exchange, what are the challenges you’re hearing from them?

Data 40

4 Foundations of Data-Driven HR

Analytics in HR

Each year, we survey hundreds of HR and business professionals and publish an HR Trends Report. In the survey, we ask questions about the state of metrics and analytics within HR departments. In 2018, HR metrics & analytics was deemed the least effective area of HR (out of 23 different areas which include headache topics like change management and workforce planning). The Foundations of Data-Driven HR. HR Analytics

7 Metrics That the Most Data-Savvy Recruiting Teams Are Tracking

Linkedin Talent Blog

And third, an important lesson for recruiting leaders, they all excel at innovation and recruiting because they rely on a data-driven decision making model. So, if you want to match their growth, recruiting domination and innovation rates, you must shift to their data-driven recruiting approach. Here are seven areas where meticulous measurement and data analysis has made a significant difference for some well-known brands.

Visit us at #HRTechConf

Compensation Today

Long gone are the days of HR being seen as a department of corporate cops. These days, HR is at the core of their businesses, reinventing the entire employee experience, and it’s enabled by some of the most forward thinking technology in business right now. It’s why thousands of people are headed to Chicago to explore the potential enabled by new HR Technologies at #HRTechConf. Some big topics are on the slate for HR Tech this year.

Big Data and HR

RiseSmart

Big Data and HR The RiseSmart Team Tuesday, October 13, 2015. It seems that "big data" is here to stay. From predicting sports and election outcomes to improving traffic flow, big data plays a role in every person's life. Across different business areas, big data has allowed organizations to make better-informed business decisions. For sales and marketing, big data and analytics can illuminate valuable information on customer and audience behavior and interests.

A New Era of Data in HR?

Compensation Cafe

A quick poll on how you use data across your HR function: First, do you rely on Excel spreadsheets, business intelligence and visualization tools, or an in-house data science team? Perhaps more importantly, are you still looking at the same metrics as a decade ago, new metrics that have emerged only over the past couple of years, or some blend of both? For all the attention, how much progress has been made in the way data is used?

Big Data and HR

RiseSmart

It seems that “big data” is here to stay. From predicting sports and election outcomes to improving traffic flow, big data plays a role in every person’s life. Across different business areas, big data has allowed organizations to make better-informed business decisions. For sales and marketing, big data and analytics can illuminate valuable information on customer and audience behavior and interests.

4 Do’s and Don’ts of Implementing HR Data Science into Your Business

HR Daily Advisor

Data science” has become more and more of a trending topic in HR circles lately—what does it actually mean? In relation to HR functions, data science is the application of data mining and data analytic techniques to people-related data. Though it is still in the process of being more widely accepted, understood, and used, the HR metric trend seems to be here to stay as an HR-related business strategy.

What is Important in HR Technology?

New to HR

E ngage with New To HR via Twitter or Instagram as we are in Paris at the HRTech World Congress. . What new HR technology can best benefit your organization? With a computerized system for almost everything, failing to utilize all of your potential resources can leave you missing the boat on a high-tech HR function. The radical mobilization of HR. Analytics and Metrics. As technology continues to evolve, so does the role of HR in business.

Four Strategies to make Data Driven HR Leaders

Analytics in HR

To stay competitive in today’s constantly evolving landscape, companies find themselves at various stages along the path to being what I call an intelligent enterprise. That is, they’re navigating between how to collect data and how to broadly use that data for day-to-day operations. HR leaders face a particular challenge with data, because there’s a ripple effect for every decision. Below, I’ve outlined four key strategies to make data-driven HR a reality: 1.

Data 48

It’s Time for a People Strategy Revolution

Visier

It goes without saying that great HR functions are strategic: they play a vocal role in critical business decisions and control a significant portion of a company’s expenses. Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”. News and Case Studies data-driven HR talent management

It’s Time for a People Strategy Revolution

Visier

It goes without saying that great HR functions are strategic: they play a vocal role in critical business decisions and control a significant portion of a company’s expenses. Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”. News and Case Studies data-driven HR talent management

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

The race to adopt people analytics is heating up: according to the Bersin by Deloitte HR Technology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. The goal was to better enable HR and business leaders to make talent decisions that would have an impact on the business.

Human Resources Needs a Common Language for Managing Business Data

Oracle HCM - Modern HR in the Cloud

True, everyone in HR shares some common metrics, such as head count and time-to-fill. But HR is not even close to having anything like the working standards established by the Financial Accounting Standards Board (FASB) or the International Financial Reporting Standards (IFRS). HR Big Data With modern HR systems now producing, collecting, and storing reams of data, a next logical step is to make sense of it all to enable intelligent business decisions.

The Beginner’s Guide to Championing a Data-Driven Culture Within HR

Visier

Along with gaining buy-in from people at all levels, turning your HR function into a well-oiled fact-based decision-making machine will require you to attain both some new hard and soft skills. Here are four steps that you can take as an HR leader to guide teams towards a data-driven culture and turbocharge your HR impact: Step 1: Ask questions — a lot of questions. It is important to avoid a one-size-fits-all approach to data access.

Data 150

To Succeed at Talent Acquisition, Go Beyond Your Applicant Tracking System

Visier

Talent acquisition is arguably the one HR area that provides the biggest advantage to a business. Research backs this up: According to one study , the ability to deliver on recruiting had a larger impact on revenue growth than all other HR areas, including onboarding and retaining new hires, managing talent, and developing leadership. Because hiring the right people for the right role is so important, quality of hire stands out as a metric that organizations care deeply about.

To Succeed at Talent Acquisition, Go Beyond Your Applicant Tracking System

Visier

Talent acquisition is arguably the one HR area that provides the biggest advantage to a business. Research backs this up: According to one study , the ability to deliver on recruiting had a larger impact on revenue growth than all other HR areas, including onboarding and retaining new hires, managing talent, and developing leadership. Because hiring the right people for the right role is so important, quality of hire stands out as a metric that organizations care deeply about.

Developing a Talent Analytics Function: Build, Buy, or Borrow

Lighthouse

In the last eight months I have met with a variety of HR, talent, and learning leaders to understand more about how their organizations seek out, develop, and leverage these types of individuals. If someone walks in with a “strategic workforce plan” in a binder, drops it on your desk, and forgets about it, then they have failed at their goal. These dashes contained a wide array of metrics – everything from time to fill, to phone time, to pipeline funnel metrics.

The Beginner’s Guide to HR Analytics and Data Powered Talent Management

Analytics Training

When Chandler said he was into data reconfiguration and stuff, he passed it off as dull and boring. But the fact is that data has always been crucial to mankind in business operations since then and even before. Today, data has become a key ingredient to the successful operations of many companies, businesses, and startups. What is HR analytics? If you notice, HR is a treasure chest of employee data. HR Analytics Analytics Human Resources

The Optimal Technical HR Stack

China Gorman

Determining the optimal technical HR stack is big. It’s big and expensive and can make or break an HR leader’s career. I don’t assume that the majority of HR professionals know what this is, so here’s what Wikipedia says: “A technology stack comprises the layers of components or services that are used to provide a software solution or application. The report delves into thirteen major areas of HR Technology and reveals 8 separate metrics in each area.

Quantifying Company Culture

Collage

Elisha Gray is the Director of People and Culture at Street Contxt, a global communication platform for investment professionals. Combining business savvy, street smarts, and a military upbringing, Elisha brings a truly analytical mindset to modern HR. We spoke with her to learn how she thinks product development can inform people and culture and why HR metrics truly matter. __. One of the most talked-about topics in HR today is the need for metrics and quantification.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. Data warehouse software licenses.

The Disconnect Between People and Business Strategy

Visier

It goes without saying that successful HR functions are strategic: they play a vocal role in critical business decisions and directly manage or impact a majority of most companies’ expenses. but not what they need to know about talent,” says John Boudreau , a professor at the University of Southern California Marshall School of Business and research director of the Center for Effective Organizations there. HR has long focused on achieving operational excellence.

The Disconnect Between People and Business Strategy

Visier

It goes without saying that successful HR functions are strategic: they play a vocal role in critical business decisions and directly manage or impact a majority of most companies’ expenses. but not what they need to know about talent,” says John Boudreau , a professor at the University of Southern California Marshall School of Business and research director of the Center for Effective Organizations there. HR has long focused on achieving operational excellence.

The Disconnect Between People and Business Strategy

Visier

It goes without saying that successful HR functions are strategic: they play a vocal role in critical business decisions and directly manage or impact a majority of most companies’ expenses. but not what they need to know about talent,” says John Boudreau , a professor at the University of Southern California Marshall School of Business and research director of the Center for Effective Organizations there. HR has long focused on achieving operational excellence.

Which Comes First, Economic Performance or Best in Class HR?

China Gorman

This year’s survey report, “ Creating People Advantage 2014-2015: How To Set Up Great HR Functions: Connect, Prioritize, Impact ” included responses from 3,507 people in 101 countries across industries such as industrial goods, consumer goods, and the public sector. 64 HR and non-HR executives from leading companies across the world were also surveyed. Key findings from the report included the following: HR capabilities correlate with economic performance.

Why Having HR Measurements is No Longer Enough to Grow HR's Strategic Role

Cornerstone On Demand

When Google Analytics debuted in 2005, the ability to look under the hood, and see who was viewing your website (and for how long), was all at once foreign and exciting. Over a decade later, our collective obsession with metrics and analytics remains: data reigns supreme across industries with promises to improve strategic decisions. A common trap with metrics is believing that their mere existence is strategic.

How Analytics with HR Software Can Help Your Organization

Digital HR Tech

When we say analytics or workforce analytics, most people picture gigantic rows and columns of data that is too hard to collect and analyze, and therefore too much of an effort for them to take up. In organizations, data analytics has been under the purview of scientists and analysts who sit away from the functional teams, and do their own analysis, which might never reach the people it is intended for, or, even if it does, not in the right time.

The New Talent Experience

HRO Today

Today’s HR leaders face the challenge of becoming a top talent destination, building the workforce of the future, and providing critical insights to key decision-makers. The demand for a modernized HR function comes at the heels of an ever-tightening talent market, with Mercer’s 2019 Global Talent Trends Study reporting that 97 percent of executives anticipate increased competition for talent and more than half worry about the time required to fill open positions.

Employer Branding Superheroes, unite! Who do you need at your Employer Branding table?

Blu Ivy Group

When you look at the superhero teams in these movies, in most instances each member of the team brings something unique to the table, be it superhuman strength, invisibility, or spontaneous combustion. Historically, the HR function has been responsible for the people practices within an organization, and it still is – but the scope of this function has ballooned in recent decades and thank goodness for that! Who do you need at your Employer Branding table?