Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. When you shift to this “WOW the CEO” metric model, you need to begin using business impacts as the key selection criteria for determining which metrics to report to senior executives. The Benchmark Firm to Follow Is Google.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. Instead, you must focus on metrics that demonstrate a direct impact on what CEO’s really care about, the firm’s strategic goals. When you shift to this “WOW the CEO” metric model, you need to begin using business impacts as the key selection criteria for determining which metrics to report to senior executives. The Benchmark Firm to Follow Is Google.

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Benchmark Myopia and the Need for Business Drivers

SMD HR

It is a typical practice in many industries to be curious about, and focus on, benchmarks to get an idea of “where you stand” on a particular metric. To be clear, benchmarks are a good piece of information to know when examining your performance—but when leaders, particularly in HR, live and die (i.e., When you stop and think about it, a benchmark is just a pursuit to achieve somewhat better-than-average against a number that may not even reflect a true reality.

3 HR Talent Metrics You Should Start Tracking Today

Namely

In our HR Redefined series, we give innovators a medium to share personal reflections, professional advice, and best practice guidance. But you can use this data to identify and hire top talent, create a more objective method for evaluating candidates, and invest HR resources into the right talent sources. Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The field of human resources is changing.

The CFO Playbook: 10 Metrics to Transform Your HR Team

Paycor

CFOs are losing faith in HR’s ability to solve problems with data. In 2015, 20% of business leaders trusted HR to use data to anticipate and fill talent needs. HR teams (especially teams of one) still spend too much time on transactional HR functions that should be automated. If your HR processes are still manual, or worse, paper-based, your team simply doesn’t have time to do much else.

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. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. HR Metrics are being used in some very interesting ways by HR departments across the country.

7 Metrics That the Most Data-Savvy Recruiting Teams Are Tracking

Linkedin Talent Blog

This powerful data-driven recruiting approach requires you to shift from the traditional intuitive and past practice-based approach and start tracking metrics beyond the popular quality of hire and time to fill. Data-driven recruiting functions already know that your company’s “speed of hire” is critical, because data reveals that the top 10% of candidates are gone by the 10 th day. And HR has unfortunately remained as the #1 CEO issue for the last four years running.

The Optimal HR to Employee Ratio

Analytics in HR

The HR to employee ratio is a useful tool for assessing the optimum capacity of HR in an organization. In this article, we will look at what the HR to employee ratio is, list factors that will influence this ratio, and give a benchmark of the HR to staff ratio.

HR Analytics – The “GPS” of True HR Transformation

Visier

Since the mid-1990s, the phrase, “HR transformation,” has been a part of HR’s common vernacular. In fact, it is so often-used some regard it as almost a form of HR “smart talk” – something that many talk about, but few really understand how to do. Given the frequency of use of both, it is critical to understand what HR transformation really is and the role workforce analytics plays in effective HR transformation. What is HR Transformation?

11 Actions to Consider from the SEC’s Mandate on Human Capital Disclosure (i4cp login required)

i4cp

It is clear from those conversations that – while some have increased disclosure of human capital metrics (e.g., An example is the September 2020 World Economic Forum white paper, Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting and Sustainable Value Creation.

Strategies for Getting the Most Out of Your Payroll Data

Visier - Talent Acquisition

Enrique Sala , Senior Strategic HR Consultant at Meta4, a Cegid company, has extensive experience using data to drive strategic decisions in human resources at companies of all sizes. On the HR side, a healthy organization is one that is productive and happy.

How ‘smart automation’ can boost HR to world-class levels

HRExecutive

A “smart-automation” approach can give a typical HR organization a measurable lift when it comes to improving customer experience and efficiency, according to new research from the Hackett Group. The Hackett Group’s new Digital World Class analysis found that those typical HR organizations can reduce costs by 17% and operate with 26% fewer staff hours—while also improving effectiveness and internal customer experience. RELATED: 8 skills HR business partners need for success.

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. HR Talent Management

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

The race to adopt people analytics is heating up: according to the Bersin by Deloitte HR Technology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. The goal was to better enable HR and business leaders to make talent decisions that would have an impact on the business.

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

Visier

At first glance, senior HR executives might take that top ranking as a positive thing. As a result of being the top challenge for such a long period of time, it is clear that CEOs and board members fully understand the value of Human Capital, but they have also learned to expect a higher rate of strategic change than most HR functions have been able to deliver. Unfortunately, a study by AICPA revealed that only 12% of CEO’s were confident with Human Capital metrics.

Data 205

Why Integrated Workforce Planning Is Vital for Business Agility

Workday

This is true especially now that the role of human resources (HR) is experiencing a transformation. This term also describes a shift in HR’s perspective, widening its focus on employees and the organization to workforce planning and even the nature of work itself.

HR Leaders Guide to Digitalisation Transformation

EmployeeConnect

The question is what does digital transformation mean for organisations in general and HR leaders in particular? HR leaders play a dual role. Acting as leaders within the HR function, they need to walk their talk and portray the true picture of digital transformation within their own team. This article serves as a roadmap to guide HR leaders through digital transformation within their own organisation. Metrics : Assess how to measure the success of the mission.

Human Resources Needs a Common Language for Managing Business Data

Oracle HCM - Modern HR in the Cloud

True, everyone in HR shares some common metrics, such as head count and time-to-fill. But HR is not even close to having anything like the working standards established by the Financial Accounting Standards Board (FASB) or the International Financial Reporting Standards (IFRS). HR Big Data With modern HR systems now producing, collecting, and storing reams of data, a next logical step is to make sense of it all to enable intelligent business decisions.

The Role Of HR Analytics In Workforce Planning

Get Hppy

Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. As technology advancements in HR system are bringing in more data and key insights into the dynamic of workplaces, workforce planning is becoming an essential business process for companies of all sizes. Leveraging HR Analytics.

6 Areas Where People Analytics Can Help HR Get Ahead

Career Metis

More specifically, HR departments seem to be lagging. HR teams that are making use of tools like people analytics, time tracking apps and business intelligence software stand a better chance of staying ahead of this curve than those that don’t.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same.

TECH+ 2021: Executive Summary

Paycor

As always, TECH+ brought together benefits brokers, financial advisors and HR consultants for two days of learning, insights and strategies designed to improve business development and client retention. 2: Your Clients Can Build an HR Team on a Budget. HR Operations.

Keeping it Simple: Driving HR analytics Value in 1 week

Analytics in HR

I attended an HR analytics conference in 2014, and was very impressed by the HR analytics work done in excel by Elouise Leonard-Cross, then of Home Group, in the North-East of England. The Home Group HR team did a great job by keeping things simple. They did the basics of HR right, they ran a range of HR initiatives, from normal – training, team sizing, balancing demographics – to some fun extras such as branded fruit juices. The HR Analytics Impact Template.

Be careful! These books can change your career: People Analytics and HR-Tech reading list

Littal Shemer

These books can change your career: People Analytics and HR-Tech reading list. Artificial Intelligence for HR: Use AI to Support and Develop a Successful Workforce. From using natural language processing to ensure job adverts are free from bias and gendered language to implementing chatbots to enhance the employee experience, AI has created a variety of opportunities for the HR function. Digital HR: A Guide to Technology-Enabled Human Resources. Be careful!

Measuring the Customer Experience of HR (Why and How)

Digital HR Tech

The argument for proactively managing the customer experience of HR (CxHR) is clear: organizations who successfully deliver on the ‘moments that matter’ (such as recruitment, onboarding, relocation, life events etc.) For the more transactional interactions within HR services, HR should deliver an ‘effortless experience’. Because by removing friction from transactional processes, HR can safeguard employee productivity and avoid damaging employee engagement.

5 Questions Senior Leadership should be Asking HR

Cielo HR Leader

HR has the ability to drive organizational performance through strategic talent acquisition processes. However, like the talent landscape, the HR function is not static – it is evolving daily. To make certain HR is maximizing their opportunities, many healthcare executives are taking a more active role in the evaluation of talent acquisition practices. What are the qualitative and quantitative results of our talent acquisition function?

5 HR Analyst Job Descriptions – A Brief Analysis

Analytics in HR

There’s a lot of talk about the role of the HR analyst so I thought it would be fun to compare some of the job descriptions out there. I randomly selected 5 HR analyst job openings on LinkedIn and, after removing the company-specific information, posted them below. What I really wanted to know what these requirements are for the HR analyst. In addition, most functions are for juniors. ERG: HR Analyst. Assist in rollout and implementation of HR programs.

Celebrating the Union of Finance and HR

Oracle HCM - Modern HR in the Cloud

This was ‘The Union of Finance and HR’, an interactive event that brought together senior Finance and HR professionals to debate why now, more than ever, Finance and HR need to collaborate across all aspects of corporate processes, reporting, systems, and strategy. Opening proceedings, he commented, “Dearly beloved, we are gathered here today to witness the possible union of Finance and HR. “The challenge is to bring Finance and HR closer together.

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.

HR Supercharged: How Modern Tech is Changing Work

ClearCompany Recruiting

Recently, we evaluated the findings of Bersin by Deloitte’s High-Impact HR research. Technology has made quite the impact on both what tools are being used in modern HR departments, as well as what features and functionality users expect. In a 2014 IDG survey, only 24% of enterprise organizations migrated or planned to migrate HR functions/applications to the Cloud. Modern HR Tech: Employee Onboarding, Performance Management with Goal Alignment and Feedback.

HR Tech Weekly: Episode #253: Stacey Harris and John Sumser

HR Examiner

Hosts Stacey Harris and John Sumser discuss important news and topics in recruiting and HR technology. HR Tech Weekly. Belgium’s SD WORX Acquires Pointlogic HR Link ». About HR Tech Weekly. HR Tech Weekly Episodes.

Around the Bonfyre with Reneé Maxwell of Hansgrohe North America

Bonfyre

As the Director of Human Resources and Organizational Development for Hansgrohe North America, a German-owned manufacturer of kitchen and bath hardware, Maxwell strives to meet engagement and employee development benchmarks while navigating the nuanced hurdles that come with a large, multicultural and international organizational population. Like many HR managers, I didn’t go to school for it, but I truly have found what I love doing. What is HR doing for you?

Your Guide to AI Talent Acquisition

AllyO

In this article, I draw on my more than two decades in HR tech as well as the expertise of other leaders to explain: In this article: How AI transforms every phase of talent acquisition. HR pros often use the terms recruitment and talent acquisition (TA) interchangeably, but there are crucial differences. Artificial intelligence is helping HR departments perform better in all of them, though rollout is at varying stages depending on the process.

Don't blame the Ulrich model

Strategic HCM

I’m looking forward to chairing Symposium Event’s Successful HR Business Partnering Summit on 5th November. Well, maybe not quite these words… but examples of businesses that have identified and developed business partnering approaches which make sense for them – their sector and organisational context, business strategy, capability of existing HR staff and line managers etc. also see details on Symposium’s Leveraging HR Technology Forum ) Capability.

HR TechStack – Performance Tracking

WhoKnows

The HR TechStack for Performance Tracking Tools. HR TechStack – Performance Tracking Tools. Built from the ground up with a single database, the fully integrated ADP Workforce Now suite features Human Resource Management, Payroll, Benefits, Talent Management, Time & Labor Management and HR Analytics capabilities. Plus, Workforce Now integrates simply and securely with other best-of-breed HR and business applications through convenient APIs and the ADP Marketplace.

Getting The Green Light: How To Get Your HR Project Funded

SAP Innovation

Yet many HR initiatives that will help address these challenges do not get funded or get cut when budgets are tight. The result is a perilous situation: CEOs and CFOs increasingly expect HR to deliver business results and support rapid organizational change, yet HR departments have been suffering for years from a lack of investment in the tools and capabilities they need. So how can we increase the chance of securing approval for an HR transformation project?

HR TechStack – Onboarding Software

WhoKnows

HR Onboarding Software Definition. It is the process through which new hires learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization. Onboarding is one of the most common HR practice across companies of all sizes & types. One of the important ways that HR can impact the workforce and effectiveness of organizations is through the strategic use of the process termed onboarding. Kin HR. EMP Trust HR.