Remove Benchmarking Remove Data Remove Retention and Turnover Remove Strategy

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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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.

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.

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.

A Strong Dose of Strategy

HRO Today

And the lack of vision was affecting the organization’s hiring outcomes: Ninety-day retention was extremely low. Involuntary turnover was high compared to the competition. Cost of turnover was conservatively $20,000 per hire.

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.

Why Employee Turnover Spikes after the Holidays and What to Do about It

Bonusly

But come January, the environment can be drastically disrupted by New Year turnover. Why is Turnover Important? And turnover isn’t just a morale-killer – it’s expensive. Why Does Turnover Spike in the New Year? Although some turnover isn’t within anyone’s control (e.g.

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.

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

The term “Big Data” seems mysterious to many HR organizations. Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using. But only the data that affects business greatly on daily basis counts.

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Why People Leave Their Jobs (and How Their Reasons Should Shape Your Organization’s Talent Strategy)

Something Different

…In some ways this is a healthy line of thinking – focusing on the next milestone and benchmarking your performance is a good way to stay focused on your career and developing yourself. Who is a flight risk and why based on historical 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?

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?

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.

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.

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?

4 Cost Efficient Strategies to Give Your Clients a Competitive Advantage

Paycor

In today’s competitive labor market, your clients undoubtedly appreciate any advantage they can get when it comes to attracting top talent and improving retention. The good news is, we’ve discovered a way to help employee turnover without breaking the bank.

The Three C’s of a Great Global Hiring Strategy

General Information Services

The pursuit of new markets is part of many a company’s long-term growth strategy, as is global expansion. Companies need to be able to create a viable strategy for hiring, managing and keeping people — wherever they expand to. It’s a vital part of a coherent and effective HR strategy. 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 Art of Building a Solid Human Capital Strategy

Paycor

Your people are integral to the success of your company, so not having a sound strategy to help attract, retain and engage your employees is a big mis-step for any business. So, let’s take a hard look at what you should be doing with your human capital management strategy.

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.

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.

Putting rewards to work in your M&A deal

Bersin with Deloitte

Instead, companies should consider taking a data-driven, consumer-grade approach to making rewards decisions and consider employee preferences and needs as an additional input into the design of future programs. Posted by Stacey Philpot and Joan Goodwin on September 1 3 , 2019.

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 provides curated analytical content and defined workflows which are designed from your most important people strategy questions.

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

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.

What Your Employee Engagement Score Says About You

SuccessFactors

There’s a business goal too, which is to deliver increased productivity and revenue, while achieving a healthy turnover of employees. Setting a benchmark for engagement that impacts business priorities is key to having it put on the company agenda.

How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

So how can healthcare organizations optimize their nursing talent management strategy to succeed in this competitive environment? Employers have to address working conditions — including staffing levels — to reduce turnover and improve retention, she says.

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

Build Your Team and Increase Engagement with Gamification

HR Daily Advisor

Lack of engagement is a big problem in the modern workforce, but gamification can help trainers and HR professionals find the data they need and increase engagement. There is an engagement crisis in the workplace, and it has profound implications for company performance and staff retention.

KPIs Alone Will Not Fix The Diversity Problem

SuccessFactors

And when it comes to business objectives, KPIs are our go-to benchmark. We know bias in business undermines employee commitment, performance, and retention. We also take a data-driven approach to the analysis of pay discrepancy.

5 Reasons You Need an Employee Survey

Reflektive

Engagement also leads to greater innovation, lower turnover, and more productive people. Surveys should also be designed to minimize bias, so the data gleaned from them is more open and candid. Improve retention: High turnover is a killer. Because replacing employees is so expensive, maintaining a high retention rate of skilled, engaged people can be life or death in some industries.

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The recruitment process: 10 things you need to master to succeed

Workable

There are 10 main areas of the recruitment process that, once mastered, can help you: Optimize your recruitment strategy. Increase employee retention and engagement. Referrals help you: Improve retention.