Remove Benchmarking Remove Data Remove Retention and Turnover Remove Survey

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. Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement.

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. feedback from the “Great Place to Work Survey.”.

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Top 20 Employee Pulse Survey Tools

Vantage Circle

Getting the employee feedback through pulse surveys at a regular interval helps the organisation in the decision making process. With the adoption of pulse survey tools, organizations adopted a data-driven approach by collecting, measuring, and acting on real-time employee feedback.

Top 20 Employee Pulse Survey Tools

Vantage Circle

Getting the employee feedback through pulse surveys at a regular interval helps the organisation in the decision making process. With the adoption of pulse survey tools, organizations adopted a data-driven approach by collecting, measuring, and acting on real-time employee feedback.

The Analytics of Human Resources

HSD Metrics

How can you use data to understand people? Isn’t HR an inherently qualitative department, more about understanding people rather than using data and numbers? Here are some of the key components: Demographic data.

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. Turnover contagion happens when people quit their jobs simply because other people are talking about leaving, job searching, or actually jumping ship. In other words, voluntary turnover doesn’t just happen in isolation due to an individual’s job satisfaction issues. Otherwise, examining project team data can be of benefit.

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. If you are looking to leverage people analytics, retention is a great place to start. A high turnover rate likely gets your attention, but what else should you be paying attention to? Pre-turnover red flags.

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

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. But what exactly is HR data analytics and how can HR leverage it to achieve organizational goals? HR Data Analytics Definition. From Data Reporting to Prediction: A Retention Case Study.

5 Reasons You Need an Employee Survey

Reflektive

If you haven’t conducted an employee survey before, getting started can be rife with questions: What should it encompass? How do we avoid bias and get the most out of a survey? Plus, the most pressing question of all: Why even do an employee survey ? It’s helpful to understand what an employee survey does before diving into the why behind conducting it. The main function of the employee survey is to assess: The level of employee engagement and what may drive it.

Survey 138

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. The study surveyed more than 19,000 employees (1,000 per country in a stratified random sample) around the globe to measure their level of engagement and identify the work conditions most likely to attract and retain talent.

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. And the results of the survey paid off: “We have increased employee engagement levels,” Sholly says.

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. But learning how to calculate employee turnover rates, assuming certain costs with lost staff, and building a business plan that anticipates some amount of employee turnover can better prepare you and your business for voluntary terminations. What Is Employee Turnover? A common definition of employee turnover is the loss of talent in the workforce over time.

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

Visier

The latest survey from the prestigious Conference Board ranks Human Capital as the #1 challenge facing global CEOs. 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. 10 Reasons To Shift To A Data-Driven High Business Impact HR Model.

Data 205

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. A report from NSI Nursing Solutions says the average cost of turnover for a bedside RN can range from $38,900 to $59,700, with the average hospital losing $5.1 The challenge for healthcare HR is to improve their own organizations to improve retention. Here are some tips for lowering turnover.

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. Even so, this amount of data is usually so large that traditional software can’t analyze it. How people use Big Data for business. Data can actually make a big difference if used wisely.

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. But how do you define the best plan for long-term employee development and ultimately, better retention? But gathering data and analyzing results is burdensome without some sort of digital aide.

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. Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention.

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?

How to Get the Most Out of Your Employee Engagement Survey

Achievers - Recruiting

Employee Retention. Employee Retention. How to Get the Most Out of Your Employee Engagement Survey. How to Get the Most Out of Your Employee Engagement Survey. If you’re savvy about today’s artificial intelligence capability, you may be wondering if employee engagement surveys still play a role in managing your people. Before I discuss the components of a great employee engagement survey, I want to mention a key piece of interesting behavioral research.

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 exit interviews, like ExitRight® , will give your company turnover benchmarks and analytics, so you are able to effectively improve your employee retention for others.

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? Employee feedback data helps to retain top talent by keeping stakeholders engaged, happy and productive, and also plays a role in shaping the professional development of young workers looking to ascend the corporate ladder through continuous feedback.

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. 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.

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. Today’s organizations have an operational business imperative to extract insights about their workforces that are informed by data. What impact employee turnover is having on productivity.

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.”.

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.

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. We undertook a thorough review of each of the legacy company’s policies and benchmarked industry standards as well. With the survey responses, we do considerable analysis to help us understand where we have issues and where we don’t.

What Your Employee Engagement Score Says About You

SuccessFactors

Sure, the annual employment engagement survey gives a snapshot into employee morale and satisfaction at one particular moment in time. There’s a business goal too, which is to deliver increased productivity and revenue, while achieving a healthy turnover of employees. But if we don’t measure engagement often enough or measure the right metrics throughout the year, then engagement surveys will become another pointless set of data.

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. Check out these five data-based reasons why you should make employee education a priority in your business. Offering Employees Training and Development Increases Employee Retention. As a manager or HR professional, you’re well aware of the costs associated with employee turnover.

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.”. Tina’s knowledge will enable HSD Metrics to expand its retention management consulting to clients.

The Employee Engagement Hoax? What Every HR Professional Needs to Know

Visier

Employee turnover was around 4%, most of it involuntary or driven by economics. Today, educated and skilled people are in short supply, with an average turnover above 10%. This comes at a time when Big Data and mobile apps are causing a major disruption in how HR monitors engagement. And how can organizations already drowning in workforce data make the best use of even more data ? Analysis of an engagement survey’s results is not analytics.

Banking Industry Plans to Increase Hiring, Salaries in 2018

HR Daily Advisor

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. Crowe, a public accounting, consulting, and technology firm, conducts the annual survey, now in its 36th year. The survey, which compiled data from 375 banks, also shows salary and bonus benchmarks for 263 job positions.

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. The survey, which includes feedback from numerous segments and focuses on various job titles in the hospitality industry, sheds light on the compensation inconsistencies hospitality workers face nationwide.

Promoting from Within Should Be a Priority

HSD Metrics

A recent Nexxt survey found that 78% of people plan on looking for a new job in 2019, so it is vital to ensure your employees are happy and feel engaged with the company. Gain a better, more comprehensive understanding of your organization’s effectiveness by utilizing an employee engagement survey, such as SurveyRight®. Stay interviews help you strengthen your overall employee retention plan, whether it is needed in a particular department or across the entire organization.

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. If you want to dig deeper recruiting metrics that matter, add metrics like application completion rate, hiring manager satisfaction or new hire turnover. The first step is to determine what kind of data you need to monitor. Hiring software, like an HRIS or ATS, can help you collect relevant data.

Quality of Hire: A Vaguely Valid Metric?

China Gorman

Turns out they did a bit of a miscalculation and corrected data that looked askew. As I looked at a relatively new infographic about their survey data, I was again intrigued by some of their findings. Employee retention is growing as a top employer priority. Linkedin’s data show that around the world, the KPIs that define quality of hire shift between three primary metrics: New Hire Performance Evaluation. Turnover/Retention.

SurvaleTM Announces Record Growth, New Capabilities and Awards for 2018

Survale

New features such as Reference Checking , Text/SMS feedback collection, Shared Insights hiring manager self-monitoring feedback views, internal peer benchmarking, new reports and more. “Hiring managers now know we’re surveying these candidates and they’re accountable for what is occurring in these interviews,” added Matt McDonald, Director of Talent Acquisition for Survale client Workiva. “I