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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. However, the true cost of turnover can’t be analyzed by simply knowing your attrition rate and whether or not it has increased or decreased.

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

Headcount planning involves setting hiring targets, creating reskilling and upskilling plans for current employees, decreasing employee turnover, and analyzing worksite occupancy and company-specific objectives and strategies. Look for team sizes and ratios benchmarks, and combine the data with your company’s growth plan.

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The 7 best HR analytics software options for today’s workforce

Business Management Daily

After doing a little digging, you discover that most of your turnover occurs during the first 3 months of employment, so you need to take an in-depth look at your onboarding process. They’ll also provide actionable insights into your employee experience, engagement levels, retention rates, onboarding, recruitment, and employee performance.

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Skills Gap Analysis: All You Need To Know [FREE Template]

Analytics in HR

You can also download a free skills gap analysis template in Excel! DOWNLOAD FREE TEMPLATE Content What is a skills gap analysis? Chipotle Fast casual restaurant chain Chipotle faces the food service industry’s common struggles of high turnover and a lack of employees with management skills.

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12 Types of HR Reports For Better Business Decisions [+ Free HR Board Report Template]

Analytics in HR

An HR report provides critical insights that enable HR professionals and organizational leaders to make informed decisions about their workforce related to recruitment , training, compensation, and resource allocation. Workforce demographics: A breakdown of the employee population by characteristics like age, gender, job roles, and tenure.

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Seven ways your HR platform should boost efficiency

cipHR

This cost-cutting agenda sadly often translates into redundancies but workforce reduction must be a last resort. That’s true not only morally, but because layoffs can have major long-term consequences for engagement, culture, retention, productivity, profitability, and reputation. Plus rework, from inevitable errors.

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HR TechStack – Performance Tracking

Workstride

DOWNLOAD FULL-SIZE GRAPHIC. ADP Workforce Now. ADP Workforce Now is easy-to-use and complete human capital management solution for companies with more than 50 employees. PeopleFluent is designed to address critical, talent-related challenges such as performance issues, high turnover, talent retention, and employee engagement.