Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

15Five

MAY 19, 2023

(It’s also helpful to reference when asking for support on programs to boost retention. The less turnover you have, the less you have to spend on filling vacant roles.) Employee engagement is critical to productivity, performance, and retention, and can be tied directly to business profitability.

HR Planning 222

HR Planning Metrics HR Software Hiring Software 222

HR Shelf

SEPTEMBER 4, 2023

How can they attract and retain talent through generous yet economical financial packages? This is where salary benchmarking comes in, enabling businesses to gauge their own salaries and benefits against competitors within their industry and across the broader market. How does salary benchmarking work?

Benchmarking 52

Benchmarking Assessment Software Planning Tools HR Software 52

Cronofy

AUGUST 20, 2019

An up to date benchmark on the efficiency of your HR processes. Whether those benefits were in terms of cost, efficiency or resources, the business case points you towards the data you need to gather and analyze as part of your ROI exercise. Examples of the kind of data that may be relevant include: The flow of HR transactions.

HR Software 81

HR Software Staffing Software Assessment Software Software 81

PoliteMail

JULY 13, 2023

Benchmarking compares an organization’s performance — using metrics and key performance indicators (KPIs) – to standardized data from the historical performance within your own company or other companies within your industry. Sub-data include open rates, page views, click-through rates, and event participation.

Benchmarking 52

Benchmarking Assessment Software Planning Tools Retention and Turnover 52

Analytics in HR

FEBRUARY 19, 2024

HR metrics provide a data-driven approach to managing human capital, offer insights into the effectiveness of HR practices, and ultimately predict the future. Let’s take a look at the commonly used HR metrics and how you can track and utilize them in your organization. This has a direct impact on organizational success.

Metrics 95

Metrics HR Software Hiring Software HR Planning 95

ClearCompany HRM

JULY 28, 2022

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.

ClearCompany 435

ClearCompany Employee Engagement Hiring Software Productivity 435

15Five

APRIL 21, 2022

Read on to hear about how 15Five recently rolled out a new process to visualize compensation data and communicate total rewards value to our team. This lack of insight creates uncertainty or misunderstanding about how the employee is compensated for their efforts. The compensation conundrum. Watch the webinar on-demand > .

Compensation 223

Compensation Bonuses and Incentives Data Retention and Turnover 223

Analytics in HR

FEBRUARY 15, 2022

How to conduct a workforce analysis. Workforce analysis is a process used to collect, analyze, and interpret data to assess the current state of the workforce and turn it into actionable information which organizations can use to plan to meet their future needs. How to conduct a workforce analysis. What is workforce analysis?

Analysis 79

Analysis HR Planning Hiring Software Retention and Turnover 79

HRExecutive

JANUARY 8, 2024

You can’t expect executives to simply leap with you without building a case for why they should leap, using compelling data. Advertisement - Using data also gets HR leaders out of the vicious cycle we so often find ourselves stuck in, putting out one fire just to move on to the next. Click here to register.

HR Software 98

HR Software Assessment Software Data Retention and Turnover 98

Pingboard

JULY 7, 2021

Human Resources metrics (which we’ll refer to as “HR metrics”) are benchmarks that allow you to measure how well your HR initiatives are performing and how they contribute to the overall success of your organization. Retention . What Are HR Metrics? . Recruitment. Compensation. Onboarding . Engagement . Productivity.

Metrics 52

Metrics Hiring Software HR Software HR Planning 52

Hppy

JULY 5, 2023

In HR, data plays a crucial role in understanding employee trends, improving performance, and optimizing workforce management. However, the accuracy and reliability of HR analytics are heavily dependent on the quality of the data being used. This is where data cleansing comes into play. What is Data Cleansing?

Analytics 91

Analytics HR Software Data Planning Tools 91

6Q

JUNE 4, 2023

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

EmployeeConnect

DECEMBER 20, 2016

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.

HR Software 100

HR Software HR Planning Hiring Software Assessment Software 100

Bonusly

APRIL 10, 2019

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? And if it is, how do you focus your efforts to improve? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk.

Retention and Turnover 61

Retention and Turnover Hiring Software Interview Software Onboarding Software 61

Business Management Daily

JUNE 15, 2022

Knowing that you should assess future needs in terms of human capital is one thing, but actually coming up with how to do so is quite another. Attrition and retention. How long can we expect to keep the workers we have? How will things such as age and a strong labor market for workers impact our talent management strategies?

Planning Tools 52

Planning Tools Hiring Software Staffing Software Workforce Planning 52

HR Bartender

OCTOBER 31, 2017

The group can agree on things like less turnover, more employee engagement, and increased productivity. Then, the group can figure out how they want to track those results. Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention.

Onboarding Software 322

Onboarding Software Onboarding SilkRoad Retention and Turnover 322

Analytics in HR

FEBRUARY 9, 2022

So, how can you reduce new hire turnover in your business today? Contents What is new hire turnover? How do you calculate new hire turnover? How to reduce new hire turnover. What is new hire turnover? Different organizations have a different benchmark for what counts as new hire turnover.

Video Recruiting 116

Video Recruiting Hiring Software Hiring Retention and Turnover 116

Insperity

OCTOBER 17, 2023

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.

HR Planning 102

HR Planning HR Software Hiring Software Strategy 102

6Q

SEPTEMBER 21, 2022

In this guide, we share some clever methods to increase your employee retention rate, and keep your team for longer. For businesses across the globe, these high turnover rates are causing havoc, impacting productivity, slowing collaboration and harming the bottom line. Employee retention rate: why are workers leaving?

Hiring Software 119

Hiring Software HR Software Onboarding Software Retention and Turnover 119

HRExecutive

APRIL 18, 2024

After breaking down cross-industry data on internal hiring, we provide guidance for how to benchmark this measure and think critically about your use of internal hiring. Benchmarking within your industry is a good place to start since industry can often dictate the external talent market and the feasibility of tapping into it.

Workforce Planning 60

Workforce Planning Planning Tools Recruiting Software Hiring Software 60

cipHR

SEPTEMBER 14, 2021

Learn about the causes of high staff turnover, how to calculate your churn rate and various practical strategies to improve staff retention. Over the course of the last year, how many employees have left your workplace? The increase in turnover is partly due to employees wanting more from their employer.

HR Software 98

HR Software Video Recruiting Retention and Turnover Hiring Software 98

Analytics in HR

NOVEMBER 2, 2021

Voluntary turnover is a normal occurrence, as employees seek new opportunities or leave because they are unsatisfied with the current role for a multitude of reasons. The Great Resignation has certainly caused employers to look at their HR practices and what is causing a mass voluntary turnover. One of them is voluntary turnover.

Retention and Turnover 81

Retention and Turnover Hiring Software Interview Software HR Software 81

Bob

MARCH 1, 2023

When you keep your people in the dark, they can get tense and paranoid and may even resign—and the cost of turnover isn’t something you can afford, especially at a time like this. Transparency saves money A company culture of openness and honesty helps boost retention. But secrecy has a negative impact on people.

Company 109

Company Hiring Software Retention and Turnover How To 109

Bob

FEBRUARY 22, 2024

From recruitment and onboarding to training and development, retention programs, and succession planning, it’s important to understand what’s happening at every stage of the employee lifecycle. Without data, it’s impossible to know exactly how effective your talent management system is. Why measure talent management KPIs?

Talent Management 97

Talent Management Metrics Hiring Software Recruiting Software 97

Precheck

DECEMBER 16, 2019

How to Gain Support from Executives for Your Workforce Planning Strategies. While we use lots of data to make decisions in HR and recruiting, the only metrics that matter to your leadership team are the ones that have a direct impact on your company’s bottom line. Workforce Planning Supports the Entire Organization for the Long Term.

HR Planning 83

HR Planning Workforce Planning Planning Tools HR Software 83

Littal Shemer

OCTOBER 11, 2022

If you are interested in additional free resources for data science and R programming, check the comment section of this post. “Technology, data analytics, and artificial intelligence already impact how people work and engage with organizations. Click titles for Kindle versions (Work in progress. And be careful!

HR Software 52

HR Software HR Planning Analytics Hiring Software 52

Cisive

OCTOBER 15, 2019

How to Gain Support from Executives for Your Workforce Planning Strategies. While we use lots of data to make decisions in HR and recruiting, the only metrics that matter to your leadership team are the ones that have a direct impact on your company’s bottom line. Workforce Planning Supports the Entire Organization for the Long Term.

HR Planning 84

HR Planning Workforce Planning Planning Tools HR Software 84

EmployeeConnect

SEPTEMBER 12, 2022

In this blog, we will discuss what staff attrition is and how to determine your attrition rates. In addition, we’ll discuss how to control employee attrition within your company. Most people usually mix it with employee turnover, which is slightly different from it. So, how to calculate employee attrition rate?

Compliance Training 245

Compliance Training Workforce Planning Trends Benchmarking 245

HR Lineup

JUNE 14, 2023

HR KPIs provide measurable data that enables HR professionals to track their performance, identify areas for improvement, and demonstrate their value to the organization. In this article, we will explore the importance of HR KPIs, common HR KPIs, and how to effectively implement them. Why are HR KPIs important?

HR Software 88

HR Software Retention and Turnover Assessment Software Recruiting Software 88

15Five

JANUARY 23, 2024

Turnover is just part of doing business. While some turnover is normal, too much can damage your organization’s performance, lower morale, and even interrupt important projects. That’s why, as an HR professional, you need a simple way to calculate, analyze, and manage your turnover rates.

Retention and Turnover 210

Retention and Turnover Hiring Software How To Onboarding Software 210

Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Allow telecommuting. 44% of U.S.

Wage and Hour Training 119

Wage and Hour Training Strategy Hiring Software Retention and Turnover 119

Linkedin Talent Blog

JUNE 17, 2019

With the cost of replacing an employee sitting anywhere between 30 and 400% of that person’s annual salary, there’s obviously a strong financial case for investing in retention — not to mention the benefits of preserving institutional knowledge and protecting morale. Last year, job attrition in the U.S. She’s still with IBM today.

Data 56

Data Retention and Turnover Planning Tools Metrics 56

Analytics in HR

JULY 31, 2023

Let’s go over the 12 key HR functions : Human Resources planning – The systematic and data-driven practice of optimizing the company’s workforce. Internal mobility helps organizations improve employee engagement and retention while reducing hiring costs. These are the HRM outcomes.

HR Planning 57

HR Planning Resources Hiring Software Onboarding Software 57

EngagementMultiplier

APRIL 21, 2022

The benefits of employee engagement are manifold: surveys, studies and papers galore agree that better morale, improved employee retention, increased productivity, more innovation and higher levels of employee satisfaction are some of the benefits of having an engaged team. Track data that captures the impact of employee engagement.

Employee Engagement 86

Employee Engagement Hiring Software Assessment Software Retention and Turnover 86

Engagedly

APRIL 2, 2022

Companies carry them out to get valuable exit interview data and act on them. Sadly, most companies carry out exit interviews as a mere ritual, and as for the data, it sits away collecting dust. . There are a lot of reasons to conduct exit interviews and act on their data. We carry out exit interviews to find out why.

Interview Software 52

Interview Software Data How To Hiring Software 52