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How to Create a Data-Driven Employee Retention Plan in 10 minutes

Visier

Solving employee turnover and retention is hard. Voluntary resignations are high, unemployment rates are at an all-time low, and most organizations are still trying to operate HR without using data as evidence to back up their strategies. The data is there, of course.

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.

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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?”

Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor

In fact, the ADP Workforce Vitality Report found that job switching in the U.S. HR and business leaders see this firsthand as they fight to keep innovative, eager talent engaged and on their teams and are leveraging their people data to improve the hiring and talent retention process.

Retaining Managers: New Data Reveals the Impact of People Analytics

Visier

Reducing Manager Turnover: Does People Analytics Drive Results? In terms of addressing manager turnover, a big question for many HR leaders is whether people analytics actually delivers value. Insight #2: Visier customers lowered manager turnover by 17%.

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.

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.

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. These insights are available on all ExitRight user reports and on our instant reporting dashboards.

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. These insights are available on all ExitRight user reports and on our instant reporting dashboards.

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

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? Both employers and employees believe workers need to leave their organization in order to achieve higher pay and career advancement, according to the ADP Research Institute® report, The Evolution of Work 2.0: The report explains this is a global phenomenon with varying viewpoints depending on the country: In every country except India, Netherlands, U.S.,

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.

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.

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?

8 Questions to Ask for Effective HR Reports

EmployeeConnect

HR departments and companies invest billions to develop and upgrade their databases without spending enough time to design relevant and useful HR reports. 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.

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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.

How Healthcare Employers Can Overcome Unprecedented Turnover

Precheck

How Healthcare Employers Can Overcome Unprecedented Turnover Oct. It’s not just your organization — turnover is rampant across healthcare employers. The challenge for healthcare HR is to improve their own organizations to improve retention.

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.

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?

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?

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.

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. This will get even easier with Workday 30, when you’ll be able to directly add new features announced in the “What’s New in Workday” report in Workday Community to your adoption plans. Data is the world’s new currency. Participate in Workday Benchmarking.

HSD Metrics® Expands Staff With Hiring of Brittany Tony

HSD Metrics

Tony will provide expertise in all aspects of exit interview services from marketing through setup and delivery of ExitRight turnover data. For most organizations today retention is a priority, and accurate, timely data is the first step to decreasing turnover.”.

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.

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. That’s why we predict in our HR Trends 2020 report that people analytics will continue to spread.

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

HSD Metrics

Califano will provide expertise in all aspects of exit interview services from marketing through set up and delivery of ExitRight turnover data. For most organizations today retention is a priority, and accurate, timely data is the first step to decreasing turnover.”.

What Are the Benefits of Bringing Data Analytics to Payroll?

Zenefits

One of the best places to start is with salary benchmarking. What Are Salary Benchmarking and Compensation Management? Compensation management is an important component of employee retention. It is a process for attracting new talent, reducing turnover, and boosting performance by offering competitive salaries and non-monetary benefits. People who work in compensation management utilize a pool of data. Why Bring Data Analytics Into Your Payroll Process?

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. In fact, DecisionWise reports that only 33 percent of companies say their programs are successful or very successful. share engagement trends with leaders through quarterly reports.

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.

Retaining Home Healthcare Workers with Employee Engagement Surveys

HR Daily Advisor

The Bureau of Labor Statistics (BLS) reports that approximately 25% of all new jobs in the us will be health care and home-based care. Employee retention and satisfaction are more central to leadership agendas and a top priority at strategic planning sessions and industry conferences.

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.

Hospitality Industry Rife with Gender Pay Gaps

HR Daily Advisor

The 2017 Restaurant Management Salary Survey Report, the third annual report from Gecko Hospitality, the largest hospitality recruiter in the United States, finds the gender pay gap is still widespread, with starting pay and bonuses for men considerably higher than for women.

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. Looking for better reporting analytics?

How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

Research by the American Association of Critical-Care Nurses says that while nurses report being highly satisfied with their career path, 54 percent said they plan to leave their current job within three years. What are your pay benchmarks?