Remove Benchmarking Remove Employee Engagement Remove Metrics Remove Retention and Turnover

24 HR Metrics to Track and Measure

Achievers - Recruiting

It can provide your organization with valuable insights related to job design, recruiting, compensation, employee training, and more. By tracking key HR metrics, you can see where your organization is strong and what needs improvement. Employee turnover. Employee feedback.

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

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. Today’s labor market is highly competitive, and there’s a heightened focus on employee satisfaction and engagement. Business Intelligence Employees

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Keeping Work Travel Balanced for Employees to Prevent Turnover

HSD Metrics

Travel is essential for many businesses and employees in order to provide a more personal connection to potential and current clients. Regardless of how necessary work trips are for the company, it is important to allow flexibility and work-life balance for employees. While only 12% of the employees included in the study traveled this frequently, employers should take considerations as to how travel plays into the physical, behavioral, and mental health of employees.

The Analytics of Human Resources

HSD Metrics

Retention is a term used a lot when it comes to HR, but do you really strategize for it? Engagement. Engagement can be one of the harder components to define and track, but it can give so much insight into how departments are functioning from an operational and performance standpoint. Performance is another metric that tends to be considered as more qualitative, but there is room for data here as well.

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. 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 that statistic means that turnover is an important metric when it comes to evaluating onboarding programs. Another set of HR metrics to consider involve sourcing.

Top 10 Recruiting Metrics that Every Manager Should Know

SurveySparrow

The employees that you hire are the ones who are ultimately going to help achieve your business objectives. These metrics provide a clear indication as to what processes are working and what needs to be changed. What are Recruitment Metrics? Annual Turnover Rate.

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?

Healthcare Professionals: Get a Pulse on Your Employee Engagement Levels

Achievers

Recent studies show a direct correlation between highly engaged employees and genuine care towards patients. On the contrary, disengaged staff lead to poor patient experiences, higher turnover, and decreased productivity. Get a pulse on your employee engagement levels by understanding how these statistics and trends may be affecting your team. The reality is that there is a direct correlation between employee engagement levels and wonderful patient experiences.

Seven Employee Engagement Resolutions for 2019

Advanced Learning Institute

The research on engagement supports what most of us already know intuitively: employees are more engaged when employers value their contributions and communicate that value in specific, visible ways. Engagement matters because engaged employees are more productive workers. Companies with successful engagement strategies enjoy 33% higher profits and 51% lower turnover rates. Resolution #1: Rethink your engagement strategy.

13 HR Stats That Will Make You Lose Sleep This Halloween

Achievers

People are the engine that drives your company’s profits, and if you’re not recognizing employees effectively , the financial fallout can be a real-life nightmare. Employee Engagement Decreases With Age. A survey by HR firm Robert Half UK found that more than twice as many employees over the age of 35 state that they are unhappy in their jobs, compared with younger workers. Employees Who Feel Dead-Ended Will Leave.

Why We Need Retail Employee Engagement Now More Than Ever

Bonfyre

When you examine issues of employee engagement in the retail industry, two things must stay top of mind. The first is that retail has experienced an incredible degree of economic and political turbulence in the past decade, and those factors have an undeniable impact on the employee experience. The second is that retail employees are not faceless workers. Even if you personally do not work in retail or manage employees that do, you know someone in your life who does.

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. ExitRight® now offers industry specific norms to help our customers benchmark their organization’s turnover trends against peers in their industry. Learn What Matters to Your Employees; the Benefit Myth. There are many myths as to why employees leave.

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. ExitRight® now offers industry specific norms to help our customers benchmark their organization’s turnover trends against peers in their industry. Learn What Matters to Your Employees; the Benefit Myth. There are many myths as to why employees leave.

Five Barriers to Improving Employee Engagement

Energage

And How Top Workplaces Prevent These Challenges on the Engagement Journey. After much debate about the merits of employee engagement, even the most critical executives will now admit employee engagement is a tremendous asset to an organization – perhaps even a strategic advantage. Deloitte’s 2017 Global Human Capital Trends report pointed to “The Employee Experience: Culture, Engagement, and Beyond” as a top trend.

Handling Conflict between Different Workplace Departments

HSD Metrics

The longer it is left alone, the worse it may become, dragging more employees in with office gossip and ruining overall morale. Get each employees’ side individually first before bringing everyone together to find any potential commonalities. Keeping open communication with employees will help them feel more comfortable coming to you should an issue arise, and the work culture will benefit from everyone feeling more appreciated.

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. Let’s be frank, the purpose of improving employee engagement is not just to create a happy and more engaged workforce. There’s a business goal too, which is to deliver increased productivity and revenue, while achieving a healthy turnover of employees. It’s time to revamp the old annual engagement score model.

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. The position you choose should be a job that would hinder success if significant turnover occurred. It could be one that experiences frequent turnover; in healthcare, for instance, this could be a nursing position.

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. Compensation-Related Metrics.

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. Employee engagement is a key competitive differentiator in today’s business climate. According to DecisionWise’s 2018 State of Employee Engagement Report , engagement is a top priority for 51 percent of executive teams, and 56 percent of organizations have a formal program in place to measure and enhance it. Finding the Right Metrics. Engage leadership.

Promoting from Within Should Be a Priority

HSD Metrics

“The department that I was in did not acknowledge the skill sets of the employees there. There are employees who have advanced degrees and who have been in management that never got promoted. It would increase the morale of the employees if the company would start to promote from within.” – Actual comment from employee exiting a company. Not only is this good for employees, but hiring from within also provides benefits for you and your company.

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. Armed with this knowledge, managers can take strategic actions to encourage that employee to stay. Here are a few telling pieces of data you can track to predict turnover and keep employees engaged.

13 HR Stats That Will Make You Lose Sleep This Halloween

Achievers - Recruiting

People are the engine that drives your company’s profits, and if you’re not recognizing employees effectively , the financial fallout can be a real-life nightmare. Employee Engagement Decreases With Age. A survey by HR firm Robert Half UK found that more than twice as many employees over the age of 35 state that they are unhappy in their jobs, compared with younger workers. Employees Who Feel Dead-Ended Will Leave.

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Today on the blog, he’s offering a deep dive into one of the most significant issues facing employers today — the employee experience — including common pitfalls and suggestions backed by the most up-to-date analyst research. How does employee engagement/employee experience have an impact on business success? In Forrester’s view, the engagement is an outcome of the employee experience. Lower employee turnover.

AON 136

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? 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. Improve retention: High turnover is a killer.

Survey 138

Planning your recruitment budget for 2020: expert advice from a finance VP

Workable

With a standardized setup, you can start comparing past, present and future budgets by measuring them against established benchmarks.). Plus, if you onboard poorly, turnover increases, and you’re back to square one. Also crucial: Turnover rate. Craig will consult with HR and find out what the company’s turnover rate is – here’s a tutorial on how you can calculate that yourself. Solution: Implement a formal employee retention program.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

As technology has improved, so has our ability to analyze employee-related factors and improve business outcomes. HR professionals can gather data points from a wide variety of internal sources, including employee surveys, salary and promotion history, demographics, geographical locations, recruitment processes, and other tools housed within Human Capital Management (HCM) solutions. From Data Reporting to Prediction: A Retention Case Study.

Measuring Social Impact

Porpoise

We use financial statements to measure financial performance, we measure turnover, we measure social media impressions, click through rates, attendance rates, customer retention and the list goes on. When you compare your giving metrics to your financial performance metrics it can yield some fantastic results. You can use the first year of measurement to determine a benchmark metric of what your organization is currently achieving.

The ROI of Recognizing Service Anniversaries

WorkHuman

Employee engagement impacts the bottom-line. One of the reasons that companies are focused on employee engagement is because engagement is directly linked to bottom-line profits. According to Gallup, high levels of employee engagement can boost productivity and profitability 20% or more. Recognizing service anniversaries tells employees that their efforts are valued. And effort is a core element in employee engagement.

Hire-to-Retire – Rethinking HR with Oracle HCM Cloud

Oracle HCM - Modern HR in the Cloud

The role of HR in an enterprise organization has evolved from transactional functions, like hiring and firing, to become a strategic business function that oversees the most valuable asset of an organization—the employees. When the company has the right talent and robust HR practices that help to engage employees, the company can propel forward toward exponential business growth, especially if it is about expanding in new growth markets or mergers and acquisition.

How Workforce Analytics Can Take You Beyond The Clock

nettime solutions

When applied to the HR world, workforce analytics help HR staff analyze data relating to productivity levels, performance, if training is effective, and can even predict turnover. To understand just how significant workforce analytics are in your organization, below are three questions to consider: How can you reduce turnover and increase employee retention? What are you doing to increase employee engagement? Turnover and retention.

KPIs Alone Will Not Fix The Diversity Problem

SuccessFactors

And when it comes to business objectives, KPIs are our go-to benchmark. There is no doubt that progress is being made, but much of this progress is happening with a view of metrics and providing proof that businesses are in the game as opposed to a greater desire to change the game altogether. We know bias in business undermines employee commitment, performance, and 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. Survale’s powerful analytics overlays candidate feedback and behavior with hiring manager and recruiter feedback and other metrics like quality of hire, onboarding effectiveness, hiring manager satisfaction, new hire satisfaction, employee engagement, and employee turnover/retention.

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. When this is missing, all the necessary hard work you may already be doing — like gathering the hard facts to report on turnover or recruitment trends — will be for naught.

Easy Ways to Improve Your Healthcare Recruiting Process

Hireology

Outside of strategic time management, one of the easiest ways to put more time back in your day and get more done is to manage your daily, weekly, and monthly operations through the use of performance metrics. Recruitment Performance Metrics to Track. Retention rates and turnover.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

In the wake of today’s talent challenges, having an engaged employee base is critical to success in any industry. 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? Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%. Key Metrics.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

In the wake of today’s talent challenges, having an engaged employee base is critical to success in any industry. 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? Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%. Key Metrics.

What Is an eNPS Score?

Namely - Talent

Employee Net Promoter Score (eNPS) is a metric used by companies to gauge employee satisfaction with their employment experience. The metric is derived from Net Promoter Score, which companies use to calculate customer satisfaction with their product or service. In HR’s case, employees are considered the customers. It’s no secret that high turnover and low productivity can be costly, and it often falls on HR to address these problems.

This Is The Tech Every Hospitality HR Manager Needs For Success

Owiwi

Relentless turnover challenges the sanity of even the most composed hotel manager. I would know: after owning two restaurants that employed 70 people at peak times, the constant battle against turnover triggers plenty of stressful memories. Rising rents and low wage growth, have sharpened employee focus on gross wages above all else. The HR manager sources potential candidates through online platforms like Hcareers , employee referrals, and personal networks.

How to Measure Quality of Hire

HR Daily Advisor

This entire premise—measuring how effective we are at hiring the right talent—is the basis for the “quality of hire” metric. Most organizations use a set of metrics together as a group. These organizations take several truly objective measures, such as turnover rates, and look at those measures in coordination with more subjective measures like performance reviews. Employee engagement levels. How to Create a Quality of Hire Metric.

Creating your Employer Brand Architecture

Blu Ivy Group

The blueprint or foundation that your organization builds all creativ, storytelling and employee experience programs from, is your Employer Brand Architecture. . Statistics show that employees are likely to leave a company that failed to engage them in an innovative way.