Remove Benchmarking Remove HR Function Remove Performance Management Remove Retention and Turnover
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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Trend 3: Advancing HR technology integration AI isn’t just in movie plots anymore—it’s here, and it’s here to stay. AI-powered HR tools can help organizations make decisions and manage their workforces more effectively. These technologies can also help HR functions become more efficient, equitable, and data-driven.

HR Trends 102
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What Is Human Resources?

Analytics in HR

As a function, HR covers the processes, practices, and strategies to attract, develop, and retain employees who contribute to the company’s overall success. HR is vital in aligning the organization’s business objectives and employees’ needs and aspirations.

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How to Measure HR Effectiveness with 12 Key Metrics

15Five

(It’s also helpful to reference when asking for support on programs to boost retention. The less turnover you have, the less you have to spend on filling vacant roles.) Employee engagement is critical to productivity, performance, and retention, and can be tied directly to business profitability.

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People Analytics and HR-Tech Reading List

Littal Shemer

“Technology can have huge benefits for the HR function: saving time by streamlining processes, boosting engagement by enabling analysis of people data or improving employee development by allowing staff to access the content they need on different platforms, wherever and whenever they need it. Boudreau , Wayne F. Fink (2019).

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HR Metrics for 2023: The Definitive Guide

Primalogik

“Metrics are measures of the effectiveness, value and/or costs of a particular program or process,” explains the Society for Human Resource Management (SHRM). To observe trends, HR should measure the same metrics over time. Instead, choose a sampling that represents different aspects of talent management. New hire turnover rate.

Metrics 96
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Why Is Human Resources Important? 8 Top Reasons

Analytics in HR

In the past, many organizations saw HR as a function to hire, fire and protect against compliance risk. Today HR is much more important, and the contribution stretches even further. Given the challenges of AI, an aging workforce, and global skills shortage, a good HR function is key to the success of the organization.

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Talent Management: 10 Tips for a Successful Strategy

Analytics in HR

Let’s break this definition down: HR processes: Talent management is about a set of HR processes that integrate with each other. It goes beyond individual HR functions. A talent management strategy requires a holistic outlook on these processes to maximize its potential. This is called inboarding.