Remove Benchmarking Remove Comparison Remove Data Remove Retention and Turnover

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

How Workday is Doubling Down on Data and Analytics

Workday

We’re living at a time when we’re awash in data, but short on ways to quickly turn that data into information we can act on with confidence. Much like the sailor in the classic Samuel Taylor Coleridge poem who laments, “Water, water, everywhere, nor any drop to drink,” the problem isn’t the quantity of data. We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier - Talent Acquisition

Succession planning with data. Fictional data used. Fictional data used. Fictional data used. If employees are ready to move into positions of greater responsibility, and are not seeing career progression, this may result in an increased risk of unwanted turnover.

Amazon Coming to Town? Mitigate Talent Shortfalls with People Analytics

HR Daily Advisor

A data-driven process is one smart strategy that business leaders can take to mitigate the risks—and find the opportunities—associated with Amazon’s big move. By using data and analytics, companies can create a tailored and realistic action plan aimed at retaining their employees.

What Are the Benefits of Bringing Data Analytics to Payroll?

Zenefits

One of the best places to start is with salary benchmarking. What Are Salary Benchmarking and Compensation Management? Compensation management is an important component of employee retention. It is a process for attracting new talent, reducing turnover, and boosting performance by offering competitive salaries and non-monetary benefits. People who work in compensation management utilize a pool of data. Why Bring Data Analytics Into Your Payroll Process?

Hospitality Industry Rife with Gender Pay Gaps

HR Daily Advisor

Gecko Hospitality’s annual report is widely considered to be the industry benchmark for job titles, salaries, gender comparisons, location, turnover, and pay increases. Current Data and Trends. Wage and Hour bonuses data Gecko Hospitality women

8 Questions to Ask for Effective HR Reports

EmployeeConnect

That’s why staff members complain and protest about inaccurate assessments, data-driven errors and unpopular decisions – HR reporting fails to deliver unless the HR reports dig down into the databases to get the most accurate and relevant performance information, employee profile data and business intelligence. Data-driven decision management , or DDDM, is an approach that uses verifiable data to assist in decision-making processes.

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Top 10 People Analytics Difference Makers to Look For

Visier - Talent Acquisition

With the growth in volume and complexity of data , having agile visibility into and use of your people data is more critical than ever. Visier has the pre-built questions and data flows already mapped out to guide your analysis and turn data into action. .

How to Measure Quality of Hire

HR Daily Advisor

These organizations take several truly objective measures, such as turnover rates, and look at those measures in coordination with more subjective measures like performance reviews. Cultural fit (as measured by survey data). What data do you include?

Is Your Company Following its Compensation Philosophy?

Workday

Special perks like Friday yoga or in-chair massage, retention bonuses, and large cash incentives for employee referrals may be critical components. By regularly conducting fair market salary benchmarking, you can identify if there are any major gaps in your compensation plan. Market comparison. While important, retention and satisfaction numbers don’t tell the whole story.

HR Supercharged: How Modern Tech is Changing Work

ClearCompany Recruiting

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. HR teams are accomplishing this by integrating their performance management data back into the hiring process in order to hire more great employees.

20 Factors You Need to Include In Your Business Case to Get More Recruiting Budget

Linkedin Talent Blog

Unless you convert them to a standard of comparison, their dollar impacts on corporate revenue. So work with the CFO to convert recruiting results like the quality of hire, retention, vacant position days and higher offer acceptance rates to their dollar impact on revenue.