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 59

Metrics Retention and Turnover HR Software Benchmarking 59

Extensis

DECEMBER 20, 2023

You may also download the complete report , which provides more in-depth information and actionable guidance. These technologies can also help HR functions become more efficient, equitable, and data-driven. AI-powered HR tools can help organizations make decisions and manage their workforces more effectively.

HR Trends 101

HR Trends HR Software HR Planning Trends 101

ClearCompany HRM

MAY 11, 2023

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.

ClearCompany 417

ClearCompany Competencies Hiring Software Hiring 417

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

Analytics in HR

FEBRUARY 6, 2024

Talent retention : For example, improve employee retention rates. AI integration and automation: For example, incorporate AI and automation tools for more effective and data-driven recruitment. Remove subjectivity and rely on data instead. Digital HR : For example, leverage technology to enhance recruitment processes.

Video Recruiting 89

Video Recruiting Recruiting Software Hiring Software Recruitment 89

Analytics in HR

FEBRUARY 15, 2022

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. This enables managers to make more informed transfer and severance decisions.

Analysis 79

Analysis HR Planning Hiring Software Retention and Turnover 79

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. These metrics cover a wide range of areas, including recruitment, retention, training, employee satisfaction, performance, and productivity. This list is by no means exhaustive.

Metrics 95

Metrics HR Software Hiring Software HR Planning 95

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. They either don’t know how to access the materials that explain their compensation or don’t understand them because the information is confusing or not presented in a comprehensive way.

Compensation 223

Compensation Bonuses and Incentives Data Retention and Turnover 223

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

Analytics in HR

JULY 31, 2023

A well-crafted staffing plan: Minimizes labor costs Maximizes productivity Provides a competitive edge in the market Improves the quality of new hires Reduces turnover Drives career and skills development Fosters a more engaged and satisfied workforce. Collecting information about the broader labor market and industry trends is also valuable.

Staffing Software 81

Staffing Software Staffing HR Planning Planning Tools 81

ClearCompany HRM

JULY 28, 2022

This post was originally published in October 2019 and updated in July 2022 to reflect new information about how employee recognition impacts employee engagement and productivity. A lack of engagement can lead to a decrease in productivity and employee retention — and it’s expensive, too. 18% lower turnover for high-turnover companies.

ClearCompany 435

ClearCompany Employee Engagement Hiring Software Productivity 435

EmployeeConnect

FEBRUARY 1, 2024

Human Resource Information Systems (HRIS) have become integral in streamlining HR processes, enhancing employee experiences, and contributing to organisational success. From automating routine HR tasks to providing data-driven insights for strategic decision-making, the benefits of HRIS are vast.

Assessment Software 147

Assessment Software Onboarding Software HR Planning HR Software 147

HR Shelf

SEPTEMBER 4, 2023

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. However, first of all we need to know how salary benchmarking works ? How does salary benchmarking work? Why is salary benchmarking important?

Benchmarking 52

Benchmarking Assessment Software Planning Tools HR Software 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

DecisionWise

APRIL 10, 2024

It can lead to lower quality of care, higher turnover, and increased risk of errors and patient harm. They can also help identify the drivers and barriers of employee engagement, and provide benchmarks and best practices for comparison.

Survey 246

Survey Assessment Software Onboarding Software Retention and Turnover 246

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

Visier

JUNE 24, 2020

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. Fictional data used. Fictional data used.

Succession Planning 372

Succession Planning Planning Tools Data Talent Experience 372

Bob

OCTOBER 9, 2023

However, it’s also vital that your teams be able to derive key insights from the wealth of HR data the tech will make accessible. What is HR data literacy? Data literacy skills not only unlock the true value of your people data but also build the credibility of your HR team. Who uses HR data across the company?

HR Software 78

HR Software HR Planning Onboarding Software Recruiting Software 78

Bayzat

FEBRUARY 7, 2024

Data-Driven Decision-Making In uncertain times, data becomes a valuable asset for decision-making. By leveraging data-driven decision-making, businesses can make informed choices that optimize resource allocation and mitigate risks in turbulent economic environments.

HR Software 52

HR Software Hiring Software Onboarding Software Recruiting Software 52

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 . Employees can self-report these details or you can use the data already in your system. Recruitment.

Metrics 52

Metrics Hiring Software HR Software HR Planning 52

Bob

SEPTEMBER 21, 2023

Among many other benefits, an HCM helps you save hours of admin time by automating repetitive tasks—and we know that time is money—and provides real-time people data you can share with C-level executives for guiding the company’s long-term strategy and use for regulatory reporting.

Hiring Software 78

Hiring Software Onboarding Software HR Software Recruiting Software 78

Visier

FEBRUARY 20, 2018

Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. Turnover contagion happens when people quit their jobs simply because other people are talking about leaving, job searching, or actually jumping ship. Quitting is contagious.

Retention and Turnover 153

Retention and Turnover Planning Tools HR Software Visier 153

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

Insperity

OCTOBER 17, 2023

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. It’s the question employers are constantly asking: How do I get my employees to stay for the long term ?

HR Planning 102

HR Planning HR Software Hiring Software Strategy 102

Lighthouse

JULY 30, 2018

Did you realize that the way your company approaches compensation policy can actually create (or reduce) employee turnover? 3 Ways Compensation Practices Can Lead to Retention Risk. Below are three examples of how attention to compensation can uncover potential retention risk. What Causes Employees to Decide to Leave.

Compensation 113

Compensation Policies Retention and Turnover Benchmarking 113

Visier

APRIL 17, 2018

For the average person, data without a narrative is like a trip into the wilderness without a compass: overwhelming and disorienting. That’s why data journalism — a kind of factual storytelling based on data — has become a big trend. Why HR Needs Data Journalism. That’s a lot of data.

HR Software 214

HR Software Data Hiring Software Retention and Turnover 214

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? 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. For example, companies often see a turnover spike in January.

Retention and Turnover 61

Retention and Turnover Hiring Software Interview Software Onboarding Software 61

Analytics in HR

NOVEMBER 5, 2018

This information was provided anonymously to managers so they could reduce turnover risk factors and retain their people better. Turnover at Experian. The company was facing levels of turnover that were 3-4% higher than they wanted it to be. This was a proven, important condition for first-year retention.

Case Study 96

Case Study Analytics Study HR Software 96

Precheck

DECEMBER 16, 2019

Some of the most common approaches to recruiting forecasting include: Replacement planning is a charting technique that lists each business role according to department, notes whether the role is currently filled and if so, provides relevant information about the employee holding the position.

HR Planning 83

HR Planning Workforce Planning Planning Tools HR Software 83

EmployeeConnect

JANUARY 15, 2023

This lack of staff involvement and growth can result in lower productivity, greater employee turnover , and an inability to assume leadership responsibilities. Gather and evaluate the data. Utilize the data to detect skill shortages and choose which skills should be prioritised. Prioritize the objectives and aims.

HR Planning 264

HR Planning Planning Tools Assessment Software Compliance Training 264

Zenefits

JANUARY 7, 2019

A wealth of data has been at the fingertips of HR professionals itching to delve into it for valuable insight. Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. Almost every process in HR can be measured and improved upon.

HR Planning 41

HR Planning HR Software Analytics Assessment Software 41

ClearCompany HRM

JANUARY 31, 2023

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.

Onboarding Software 398

Onboarding Software ClearCompany Onboarding Hiring Software 398

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. The increase in turnover is partly due to employees wanting more from their employer. What is employee turnover? Calculating staff turnover rate.

HR Software 98

HR Software Video Recruiting Retention and Turnover Hiring Software 98

Cisive

OCTOBER 15, 2019

Some of the most common approaches to recruiting forecasting include: Replacement planning is a charting technique that lists each business role according to department, notes whether the role is currently filled and if so, provides relevant information about the employee holding the position.

HR Planning 84

HR Planning Workforce Planning Planning Tools HR Software 84

UKG

JUNE 4, 2021

CFOs are seeking out data on absences for sickness or injury, varying rates of absence across multiple worksites, average lengths of time off, and other wellness-related data that was previously thought of as more the domain of human resources. Data analysis. Some noteworthy data analysis KPIs might include: Overtime hours.

Metrics 52

Metrics Hiring Software Staffing Software Onboarding Software 52

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. First published: May 14th, 2018.

HR Software 52

HR Software HR Planning Analytics Hiring Software 52