Remove Benchmarking Remove Data Remove Information Remove Retention and Turnover

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

As our exposure to Big Data progresses exponentially, analytics and BI are playing an increasing role in overall corporate strategy. Few departments are exempt from regularly analyzing and reporting metrics to the C-suite, and long-term tracking of this data is invaluable.

How Does Turnover Impact Your Organization’s Bottom Line?

Visier

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

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Curbing Employee Turnover Contagion in the Workplace

Visier

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. In other words, voluntary turnover doesn’t just happen in isolation due to an individual’s job satisfaction issues.

Why Being Data-Driven Isn’t Enough

Visier

Even the most qualitative departments, such as Marketing, moved from “art” to “science” through the use of data. . Indeed, the “art” of modern business is that everything can be quantified and measured, and data is now the single most important type of capital that an enterprise can own.

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How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

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. Pre-turnover red flags.

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.

11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it.

3 Ways Compensation Policies Can Cause Employee Turnover

Lighthouse

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. Organizations that lag the market rate in a specific job function should expect to see higher turnover in that role. Use Compensation Benchmarking as a Retention Predictor.

ADP Research Institute Sets International Benchmark for Employee Engagement with its 19-Country Global Study of Engagement

HRO Today

Roseland, NJ – June 14, 2019 – As organizations strive to better understand the art of employee engagement in a highly competitive labor market, the ADP Research Institute’s 19-country Global Study of Engagement provides a global benchmark for engagement.

How to Calculate Employee Turnover

HRsoft

Analyzing employee turnover can be painful but necessary. As you probably already know, the costs associated with turnover can be damaging for any organization. If you’re not already analyzing turnover data, you can use this quick guide to figure out how to calculate employee turnover.

Data Journalism for HR: The Beginner’s Guide

Visier

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.

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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.

What Is Employee Turnover (and Why It Matters)

Zenefits

At some point, if your business is more than one person, you’re likely to deal with employee turnover. What Is Employee Turnover? A common definition of employee turnover is the loss of talent in the workforce over time. How Does the US BLS Calculate Turnover?

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Collect a Wide Range of Data.

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

Visier

In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making.

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5 Human Resource Management Goals for Your Small Business

OmegaHR Solutions

However, thanks to the proliferation of low-cost human resources software, SMBs can adopt a professional, organized and—perhaps most importantly—data-backed approach to their HR endeavors. Reduce Turnover—and Accompanying Expenses—by Hiring the Right Candidates.

Handling Conflict between Different Workplace Departments

HSD Metrics

A great way to receive honest feedback from your employees is by utilizing stay interviews, such as HSD Metric’s StayRight program, which provides you with comprehensive information and data insights that help you drive change when and where you need it most.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. What is Employee Feedback Data?

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. What is Employee Feedback Data?

Unlock the Power of Employee Data

Paycor

Your clients are sitting on a treasure trove of information that can help them make more strategic HR and benefits decisions. According to Bersin by Deloitte Research, in 2016, companies experienced a massive 120 percent increase in correlating their people data to business performance.

Delivering talent to your industry: Public Sector

InforHCM

There is a wealth of information that is applicable to all industries and their hiring strategies in The Center for Digital Government’s report called “Improving Recruitment and Retention: How new science-based talent solutions can help government agencies hire, develop and retain the right employees for the right jobs.”. Data analytics heralds a new recruiting model for state and local governments. Get the full report on Improving Recruitment and Retention.

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.

Three Ways to Get More Out of Workday in 2018

Workday

And, we want your business leaders to gain the insights they need, leveraging both your own internal and relevant external data, to make the best decisions for your organization. With this information, your organization can create a plan to expand feature adoption and roll out new capabilities as they are released. Data is the world’s new currency. Participate in Workday Benchmarking. You’re probably using data internally to measure progress against your goals.

Strength in Numbers

HRO Today

Cigna’s CHRO John Murabito leverages a data-rich people strategy to drive proactive business decisions. He also shares two enablers of Cigna’s talent strategy: data and unique employee benefits. How does the data you have help advise and guide the business?

The Future of Business: People Analytics for Everyone

Visier

First West Credit Union , for example, noticed that turnover was increasing at an alarming rate. The pressure was on to boost retention. With this information, the company developed more effective recruitment, hiring, promotion, and training strategies, which led to $2.5

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. One problem holding companies back is the ineffective collection and use of engagement data. By taking heed of employee engagement data, HR can lead the way in fostering a productive workforce.

Top 10 People Analytics Difference Makers to Look For

Visier

Whether you’re interested in employee experience, D&I, attracting and retaining top talent or employee career pathing–all these topics require fact-based information. Visier has the pre-built questions and data flows already mapped out to guide your analysis and turn data into action. .

Retaining Home Healthcare Workers with Employee Engagement Surveys

HR Daily Advisor

Employee retention and satisfaction are more central to leadership agendas and a top priority at strategic planning sessions and industry conferences. Surveys Help Improve Communication and Reduce Turnover.

Promoting from Within Should Be a Priority

HSD Metrics

Stay interviews help you strengthen your overall employee retention plan, whether it is needed in a particular department or across the entire organization. “The department that I was in did not acknowledge the skill sets of the employees there.

The Three C’s of a Great Global Hiring Strategy

General Information Services

But HireRight’s Employment Screening Benchmark Survey for 2018 found out that background checks are not being used nearly enough for either global employees based in the U.S. Few organizations have developed a formal global screening policy, yet 66% of those HR professionals said they struggle with finding qualified candidates, and 55% with employee turnover. GIS | HireRight’s Blog is provided for informational purposes only and should not be construed as legal advice.

Calculating Your ROI with Talmetrix: Free Trial of Our ROI Calculator

Talmetrix

Studies have linked increased employee engagement to better productivity and reduced turnover – but what about its impact on your financials? If you don’t know these costs for your company, you can also use industry benchmarks to estimate your ROI.

12 Ways to Get C-Suite Buy-In for Great HR Initiatives

Visier

Imagine a world where every great HR initiative gets properly funded: Retention programs are fully backed by the C-suite, recruitment snafus are nipped in the bud before they become big problems, and even the CFO meets employee engagement initiatives with near-giddy enthusiasm.

Introduction to Recruiting Metrics FAQ

Workable

Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. The first step is to determine what kind of data you need to monitor. Decide how to collect recruiting data.

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

The Future of Workforce Planning

HR Daily Advisor

Employee turnover is extremely expensive, costing up to 1.5 That’s a lot of information to keep track of for just one employee. If they don’t have the information they need or the tools, things can quickly fall through the cracks, leaving employees unsatisfied.