Remove Benchmarking Remove Data Remove Metrics Remove Retention and Turnover

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?”

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.

HSD Metrics® Expands ExitRight® Staff With Hiring of Tina Califano

HSD Metrics

Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers. News HSD Metrics Welcome Shaun Worcester

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.

Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. 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.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

Data is now the most valuable currency in the world. But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades.

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.

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. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. How Do You Measure Performance Metrics?

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Top Five Turnover Causes in Healthcare

HSD Metrics

Top Five Turnover Causes in Healthcare. Human resources professionals and their senior teams are keenly aware that turnover comes at a high cost. Employee turnover also has a rolling effect throughout any company. Give Your Team the Data They Need. Employee Retention

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our recent article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

Here’s How IBM Predicts 95% of Its Turnover Using Data

Linkedin Talent Blog

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.

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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A Step-by-Step Guide to Calculating Turnover

HRsoft

Calculating turnover is important for developing retention strategies and supporting a strong company culture. To begin calculating turnover in your organization, select a benchmark job to validate internal and external metrics.

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.

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.

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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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.

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

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015.

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. Finding the Right Metrics.

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.

3 HR Talent Metrics You Should Start Tracking Today

Namely

The talent lifecycle is rich with data that often goes untapped. But you can use this data to identify and hire top talent, create a more objective method for evaluating candidates, and invest HR resources into the right talent sources. Rather than relying on instinct or intuition, data can help inform better hiring practices and allow you to track how that hire has panned out over time. So how do you use your data to start making strategic talent decisions?

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process. Turnover/Retention – What is my new hire turnover?

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? Key Metrics.

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? Recently, i4cp assembled a collection of some of the top D&I metrics used by high-performance organizations—those considered leaders in profitability, revenue, market share, and customer satisfaction over a five-year period.

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.

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 post Promoting from Within Should Be a Priority appeared first on HSD Metrics.

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.

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. We also invite those who are driving Workday adoption in their organizations to join the Workday Adoption and Metrics User Group in Workday Community (sign-in required). Data is the world’s new currency. Participate in Workday Benchmarking. Workday Benchmarking can show you.

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?

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. .

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. Here are a few demographic metrics you should be monitoring: 1. Metric to watch: Diversity of interviewed candidates.

Opinion: Why ‘bad’ data can be good news for your organisation

cipHR

When HR professionals talk about data analytics , generally they focus on the good stuff. But every employer is at a different point in their data journey; some we work with have very little or even no people data to draw on at all, while others use a balanced scorecard to identify their financial, internal, customer, learning and growth metrics. For example, in our field of dispute resolution, a commonly cited financial metric is staff turnover.

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.