Remove Benchmarking Remove Data Remove Meeting Remove Retention and Turnover

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.

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.

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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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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.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. The interesting aspect of the model is, it suggests that there’s an inverse relationship between the ease in gathering the evaluation data and the value of the data.

Unlock the Power of Employee Data

Paycor

According to Bersin by Deloitte Research, in 2016, companies experienced a massive 120 percent increase in correlating their people data to business performance. Obviously, merely mining HR data is no longer enough; your clients are expected to actually do something with it.

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.

5 Data-Based Reasons to Make Employee Education a Priority

Achievers

But before you discard this idea, let the data speak for itself. Having the right data to back up your initiatives always makes it easier to get additional funding and leadership support. Offering Employees Training and Development Increases Employee Retention.

Putting rewards to work in your M&A deal

Bersin with Deloitte

Many companies are using mergers & acquisitions (M&As) to help drive corporate change and meet business objectives, but total rewards do not typically keep pace with this overarching M&A purpose. Posted by Stacey Philpot and Joan Goodwin on September 1 3 , 2019.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

Dropbox is committing to unconscious-bias training for all it’s employees (over 1,200 people), and to regularly release data on the diversity of its workforce. Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark.

Top 10 People Analytics Difference Makers to Look For

Visier

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. .

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.

The ROI of Recognizing Service Anniversaries

WorkHuman

Leadership can ask them during regularly scheduled town hall meetings. Another way to measure the impact of service anniversaries is through employee retention. Constantly hiring employees because of high turnover is costly and time consuming.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. In the past, companies usually measured employee engagement by analysing turnover rates. Unfortunately, that strategy relies on 20/20 hindsight instead of identifying practical ways to reduce turnover proactively. Actionable or Achievable Gathering data isn’t useful unless you can act on the intelligence in some way.

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are in industries like retail and hospitality with the highest attrition and turnover rates , so getting them access to company policies, up-to-date information, and their organization’s brand story is essential.

The Role Of HR Analytics In Workforce Planning

Get Hppy

The most recent JOLTS , or Job Openings and Labor Turnover Survey published by the US Bureau of Labor Statistics , puts the the latest job openings level registered in November 2015 at 5,431,000(p). The latest data shows that it’s not.

Talking Candidly About Workforce Planning for HR Executives

Cisive

Whether you start with replacement planning or group planning, some of the best workforce planning models use a sophisticated spreadsheet that pulls in data and reporting from multiple sources to give you a strategic staffing representation that allows you to communicate organizational performance goals, timelines and expected metrics (monthly turnover rate, human capital cost, hiring rate, retention rates, time to hire, and so on).

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Lower employee turnover. The factors that affect employee turnover vary by industry and job role, but excessive workload is a top culprit across the board. Starbucks enjoys an annual employee turnover of only 65%, in an industry that averages 150% to 400%.

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

A Full Guide to Compensation and Benefits

Digital HR Tech

While their findings were statistically significant and turnover is expensive, it’s probably not enough to convince a boss to give someone a 10 percent raise. Research shows that both distributive fairness and procedural fairness lead to higher employee retention.

Your Guide to AI Talent Acquisition

AllyO

AI talent acquisition harnesses the ability of artificial intelligence to derive insights from large amounts of data and automate much of the labor-intensive, repetitive work that goes into hiring talent. Based on this information, develop a strategic plan to meet those demands.

Talking Candidly About Workforce Planning for HR Executives

Precheck

In order to establish trust and credibility, it’s important that your company leadership knows that their goals and expectations are what drives your workforce planning and forecasting, along with how you plan to meet these expectations.

How to Measure the ROI from Your HR Software

Cronofy

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. This is a guest post by Dave Foxall.

View from the HR Tech Show Floor: Top 5 Workforce Trends

Visier

Of course, this M&A is driven by vendors realizing the complex needs of the HR industry and their desire to meet as many of those challenges as possible with as many modules as possible.

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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. Once your compensation philosophy is articulated, how do you know if it’s meeting expectations? While important, retention and satisfaction numbers don’t tell the whole story.

How to Measure Quality of Hire

HR Daily Advisor

But is there a measurable way to know how often the organization meets this goal? 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.

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are industries, like retail and hospitality with the highest attrition and turnover rates , so getting them access to company procedures, up-to-date information, and their brand story is essential. Measuring – Measuring your communications’ performance is critical to reaching your employees and meeting your business initiatives. By looking at both qualitative and quantitative data , you work toward improving reach, engagement, and retention.

How to Elevate HR (And Keep the C-Suite Happy)

WorkHuman

The survey asked more than 3,300 business and HR leaders from 106 countries to assess the importance of specific organizational challenges and how prepared they were to meet those challenges.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

Today, more of our findings, including measures of turnover, compensation, and training. Measures of Turnover. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Regional and industry benchmarking.

Engaging the workforce

HR Times

Performance and retention: Organizations with engaged workers may have employees who are 57 percent more effective and 87 percent less likely to leave than organizations with low engagement. This retention aspect is particularly pertinent.

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Engaging the workforce

HR Times

Performance and retention: Organizations with engaged workers may have employees who are 57 percent more effective and 87 percent less likely to leave than organizations with low engagement. This retention aspect is particularly pertinent.

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5 Questions Senior Leadership should be Asking HR

Cielo HR Leader

Although cost-per-hire is a useful metric for benchmarking whether your recruitment function is under-resourced or operating at peak performance, solely calculating direct cost-per-hire ignores the full organizational cost of recruitment.

How to Buy HR Software – A Step by Step Guide Complete with Best Practices

Select Software Reviews

Process: Define the problem your organization is facing in as much detail as you can Articulate this problem into a statement such as “our organization has low retention due to a lack of employee engagement that is caused by a culture which doesn’t collect or act on employee feedback.”

The Three C’s of a Great Global Hiring Strategy

General Information Services

When it comes to background screening, it turns out that not very many companies are prepared to meet the challenges of global hiring. 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. The pursuit of new markets is part of many a company’s long-term growth strategy, as is global expansion.