Remove Benchmarking Remove Data Remove Retention and Turnover Remove Trends

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.

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.

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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.

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. Our norms weigh industry trends against each other.

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. Our norms weigh industry trends against each other.

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. That’s a lot of data.

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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? 3 Ways Compensation Practices Can Lead to Retention Risk. Below are three examples of how attention to compensation can uncover potential retention risk. Organizations that lag the market rate in a specific job function should expect to see higher turnover in that role. Use Compensation Benchmarking as a Retention Predictor.

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. The post Top 10 HR Trends to Watch in 2020.

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.

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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View from the HR Tech Show Floor: Top 5 Workforce Trends

Visier

They are varied, but we are seeing HR focus on critical areas such as retention, recruiting, diversity requirements, and generational divides. Here are our top 5 trends for the not-so-distant future: Trend #1: Companies will double-down on retention and recruiting.

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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?

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. Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark.

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

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. Seek trends. Instead, we look for trends.

Top 10 People Analytics Difference Makers to Look For

Visier

It’s the place to be for the latest and greatest in HR technology trends–especially analytics. . With the growth in volume and complexity of data , having agile visibility into and use of your people data is more critical than ever. Travelling to HR Tech next week ?

Putting rewards to work in your M&A deal

Bersin with Deloitte

2019 Global Deloitte Human Capital Trends. 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.

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.

6 Employer Branding Trends For 2019

Blu Ivy Group

It was also a year that more than doubled the volume of Employer Brand leadership functions internally, demonstrating that this is no passing trend, but a strategy that companies realize has the potential to shape their people and talent solutions well into the future.

HR Supercharged: How Modern Tech is Changing Work

ClearCompany HRM

Check out these trends in modern HR and how to apply them to find a system that helps your workforce reach its potential. The best talent systems now have talent forecasting tools to show when a role may see turnover or when to start planning for successions. There are ways to identify A Players based on data from current and past employees, and with the right system to help HR teams analyze this data, it can make the best hiring decision clearer. HR Tech Trends

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are in industries like retail and hospitality with the highest attrition and turnover rates , so getting them access to company policies, up-to-date information, and their organization’s brand story is essential.

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

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

Quality of Hire: A Vaguely Valid Metric?

China Gorman

In November I wrote about Linkedin’s 2016 Global Recruiting Trends Report (you can re-read it here ) and took them to task about their methodology. Turns out they did a bit of a miscalculation and corrected data that looked askew. Turnover/Retention.

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

Visier

Deloitte’s Global Human Capital Trends 2015 report rated culture and engagement as “the most important issue overall, slighting edging out leadership (the No. Employee turnover was around 4%, most of it involuntary or driven by economics.

A new operating model for talent acquisition

HR Times

Human Capital Trends. But, they filled open positions 20 percent faster and had 40 percent less turnover in new hires. Many companies have already developed “systems of engagement” for their employees in order to boost retention and motivation.

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are industries, like retail and hospitality with the highest attrition and turnover rates , so getting them access to company procedures, up-to-date information, and their brand story is essential. By looking at both qualitative and quantitative data , you work toward improving reach, engagement, and retention. It’s time we took care of deskless employees who are 80% of the global workforce.

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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A new operating model for talent acquisition

HR Times

Human Capital Trends. But, they filled open positions 20 percent faster and had 40 percent less turnover in new hires. Many companies have already developed “systems of engagement” for their employees in order to boost retention and motivation. A large retailer was struggling with high employee turnover, a lack of focus on the candidate experience and overall brand/social presence as it tried to raise the level of talent in the organization.

Measuring HR: Bringing People Analytics to Human Resources

Zenefits

A wealth of data has been at the fingertips of HR professionals itching to delve into it for valuable insight. Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. Using big data and AI , professionals are measuring HR efficiencies, project outcomes, boost culture, and more. Data analytics has the potential to turn information held into actionable processes and outcomes.