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4 Benefits of Competency-Based Hiring | ClearCompany

ClearCompany HRM

Its benefits range from eliminating bias to decreased employee turnover rates. They increased workforce diversity by 6%, with new hire retention rates of around 90%. Recruiters can use benchmarks to write accurate job descriptions and speed up the selection process. Learn more about hiring for #CoreCompetencies: 2.

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Recognition Boosts Employee Engagement and Productivity | ClearCompany

ClearCompany HRM

A lack of engagement can lead to a decrease in productivity and employee retention — and it’s expensive, too. High employee turnover rates lead to increased hiring costs, which can be as much as two times the employee’s salary. 18% lower turnover for high-turnover companies. 43% lower turnover for low-turnover companies.

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5 Ways to Measure Employee Onboarding Effectiveness | ClearCompany

ClearCompany HRM

According to Talent Board’s 2022 North American Candidate Experience (CandE) Benchmark Research Report, resentment among new hires increased, meaning that they had more negative experiences last year than they did in 2021. You can compare these turnover metrics with new hire turnover to see if there’s an overlap.

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8 Ways to Use AI for Recruiting and Hiring | ClearCompany

ClearCompany HRM

Predictive analytics analyzes past recruitment patterns, employee turnover rates, and market dynamics to forecast future hiring needs. It can even identify those most likely to be successful based on data from your best employees. As a result, their hiring rate for people of color now exceeds industry benchmarks.

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What Makes a Good Performance Management System for HR?

ClearCompany HRM

It’s not surprising that amid the increased stress, burnout, and turnover of the pandemic, performance management changed. Goals are one of the best ways to engage employees — they provide clarity, and motivation, set performance expectations, and set benchmarks for success. Evaluate Performance Data with HR Analytics.

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HR Supercharged: How Modern Tech is Changing Work

ClearCompany HRM

The best talent systems now have talent forecasting tools to show when a role may see turnover or when to start planning for successions. There are ways to identify A Players based on data from current and past employees, and with the right system to help HR teams analyze this data, it can make the best hiring decision clearer.

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HR TechStack – Performance Tracking

Workstride

Retain historical review data or integrate with third-party applications where historical data can be maintained. Note: The list is not in any particular order, and the list is constantly updated, bookmark this page for your future reference & fresh data. Enable 360-degree feedback between managers, employees, and peers.