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Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor

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. Benchmarking. Benchmarking can help with a host of concerns.

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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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. 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.

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.

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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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.

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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HR TechStack – Applicant Tracking Systems

WhoKnows

An applicant tracking system (ATS) manages the recruiting process by collecting and organizing applicant information. These systems are used in the recruiting and hiring of new talent. Breezy is the modern, collaborative and user-friendly applicant tracking system for all.

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.

Delivering talent to your industry: Public Sector

InforHCM

This is due to Talent Science’s ability to scale with the needs of high-volume hiring companies, a vital need for municipalities, school systems, and government agencies like those found in the public sector of the marketplace. Data analytics heralds a new recruiting model for state and local governments. A custom blueprint for jobs, a lexicon for defining success, online assessment tools, and data analytics can work together to create benchmarks for hiring top performers.

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.

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. Managers often make poor decisions based on gut feeling , while data-driven decisions are reserved for HR and senior leaders.

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. For most, this program consists of employee feedback systems (60 percent), company events (52 percent), recognition programs (45 percent), and more.

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. .

Promoting from Within Should Be a Priority

HSD Metrics

While that may hold true in some cases, more often than not, it is because the current internal systems aren’t working or, quite possibly, those in charge are unaware of the existing skills in current employees.

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.

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. Turnover/Retention.

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.

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.

HR Supercharged: How Modern Tech is Changing Work

ClearCompany HRM

As the world becomes more and more mobile-focused, those cloud-based systems are beginning to take the form of apps and other mobile-friendly platforms. Not to mention, the potential of a system to include Artificial Intelligence and predictive analytics in sourcing , recruiting and managing people more efficiently. However, as the options grow, so too does the chance of selecting a system or process that doesn’t uphold the needs of your company.

8 Questions to Ask for Effective HR Reports

EmployeeConnect

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. Data-driven decision management , or DDDM, is an approach that uses verifiable data to assist in decision-making processes.

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SurvaleTM Announces Record Growth, New Capabilities and Awards for 2018

Survale HR

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.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

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. The system must be flexible enough to add relevant details and import relevant material from social media, blogs and other internal and external sources. Actionable or Achievable Gathering data isn’t useful unless you can act on the intelligence in some way.

Top 10 HR Trends to Watch in 2020.

CuteHR

When you consider the fact that millennials now make up the majority of the workforce and are defining the new age organizational culture, we realize that they are setting the benchmark of all change drivers. Evaluate the quality of the data.

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. All these aspects of onboarding contribute to employee satisfaction and retention.

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.

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%. Satmetrix Systems, Inc.,

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15 HR Analytics Case Studies with Business Impact

Analytics in HR

This information was provided anonymously to managers so they could reduce turnover risk factors and retain their people better. Turnover at Experian. The company was facing levels of turnover that were 3-4% higher than they wanted it to be. Employee retention.

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.

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.

Going Beyond Basic Benefits

HRO Today

By building a family-friendly workplace, employers can do more than just lift the burden off their employees: They can improve productivity, employee engagement, loyalty, retention, diversity, and ultimately, business performance. Historical enrollment data. Benchmark.

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Employee Engagement in Healthcare: 5 Facts You Need to Know

Bonfyre

This is because the signifiers of engagement are consistent across industries–higher productivity, job satisfaction, retention, profit margins, and more. Its study observes that because employee engagement in healthcare trends higher than global norms, any goals or benchmarks set to raise these scores must reflect this data. When measuring employee engagement in healthcare, it’s critical that realistic, data-informed criteria directs your goals. turnover.