Remove Benchmarking Remove Industry Remove Metrics Remove Retention and Turnover

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. Unfortunately, organizations often don’t realize they have a talent problem until they aggressively track talent metrics and compare them with their industry peers.

Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. What are recruiting metrics? What can you learn from recruitment metrics? Which are the most important metrics to track? How can I have better visibility into recruiting metrics?

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Top 10 Recruiting Metrics that Every Manager Should Know

SurveySparrow

With the employment market getting more competitive, a vast majority of the hiring managers today rely on technology ( recruitment software ) and data-driven recruitment metrics to streamline the hiring process. What are Recruitment Metrics? Top 10 Recruitment metrics for every manager.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. How Do You Measure Performance Metrics?

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?

How To Calculate Employee Turnover and Retention Rates

ForUsAll

Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost. How to Calculate Employee Retention Rate. An Important Note About Calculating Employee Turnover and Retention Rates. Compare Your Employee Turnover Rate to 2018 Industry Averages.

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 our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. Employee Retention

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 our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. Employee Retention

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. Non-Specific Industry norms are also available. Insights, Segmented by Industry.

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. Non-Specific Industry norms are also available. Insights, Segmented by Industry.

Top Five Turnover Causes in Healthcare

HSD Metrics

Top Five Turnover Causes in Healthcare. Human resources professionals and their senior teams are keenly aware that turnover comes at a high cost. Employee turnover also has a rolling effect throughout any company. HR departments are left with the task of managing and improving turnover. In the last 20 years, we’ve worked with over 80 healthcare organizations to improve their employee retention and work environments by capturing key, actionable data.

How Does Turnover Impact Your Organization’s Bottom Line?

Visier - Talent Acquisition

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. While many HR departments still use turnover rate as a key indicator of success (or failure), knowing this number does very little to indicate HR’s impact on business outcomes. . Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

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.

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process. Insights enables business owners and talent acquisition leaders to gain a clear understanding of hiring performance across locations and managers, and shows this success compared to peers using industry-specific benchmarks.

How Workday is Doubling Down on Data and Analytics

Workday

We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics. By getting up-to-date, data-driven insights into your most vital business metrics, and then seeing how these key indicators compare to companies of similar size or industry, decision-makers can better understand what issues are industry-wide, and what issues are specific to the company.

Three Ways to Get More Out of Workday in 2018

Workday

We also invite those who are driving Workday adoption in their organizations to join the Workday Adoption and Metrics User Group in Workday Community (sign-in required). With our dashboards, business leaders get real-time, easily accessible, accurate data—the information they need to review, benchmark, and plan for your business. Participate in Workday Benchmarking. Workday Benchmarking can show you. So here we are, the start of a new year.

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

Ultimate Software

From Data Reporting to Prediction: A Retention Case Study. Consider the actionable insights gleaned from the following three retention metrics. Last year’s annual employee turnover. All of these metrics are determined through data and analytics, but each is more complicated (and actionable) than the last. The second metric provides slightly more insight. Data is now the most valuable currency in the world.

The Business Case for Human Resources

Everwise

Here are three example areas of focus which illustrate what can be gained when HR tools and strategies are used to their best effect: Turnover: A known issue for organizations, turnover deserves a high level of attention by HR professionals and leadership alike. Not only that, but 9% – 32% of an organization’s voluntary turnover can be prevented. Another lens to examine metrics through is by considering industry benchmarks and the activities of other peer organizations.

Talent Management Transformation in the US Healthcare Industry: Q&A with Dr. Kevin Groves

Saba

Perhaps nowhere is this more apparent than in the US healthcare industry. To learn about the state of talent management in the US healthcare industry, we turned to Dr. Kevin Groves. Kevin: It’s the shift from volume- to value-based performance metrics. Plus, they are less apt to leave the organization over time, which means lower annual employee turnover rates and personnel transitions.

Talking Candidly About Workforce Planning for HR Executives

Cisive

I recently attended a Healthcare Talent Symposium with a group of organizational leaders in the healthcare industry and had the unique opportunity to hear from both speakers and participants about their most significant concerns, challenges and struggles in talent acquisition today. Workforce planning and forecasting starts with measuring your teams efforts and metrics, understanding their limitations and the workloads they can handle to maintain optimum performance.

Amazon Coming to Town? Mitigate Talent Shortfalls with People Analytics

HR Daily Advisor

While job seekers looking to join the industry giant eagerly anticipate the final announcement, companies currently operating in those shortlisted cities are dreading the impact that Amazon will have on their ability to attract and keep their top employees. banking franchise, discovered that turnover was highest for one particular revenue-producing role. By using an analytics platform, the team crafted a strategy targeting the branches with the highest turnover for this role.

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.

5 Reasons You Need an Employee Survey

Reflektive

Engagement also leads to greater innovation, lower turnover, and more productive people. Surveys remain one of the best ways to measure this crucial metric, but naturally they only work if you do them. Improve retention: High turnover is a killer. Because replacing employees is so expensive, maintaining a high retention rate of skilled, engaged people can be life or death in some industries.

Survey 138

How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

First and foremost, healthcare organizations need to address problems in the work environment that can lead to employee dissatisfaction, burnout and turnover, and that starts with nursing management. Investing in educating and supporting frontline nurse managers is a key strategy to improving retention of direct care nurses,” says Beth Ulrich , principal investigator for the study. Investing in additional support for nurses can also reduce burnout and improve retention.

Easy Ways to Improve Your Healthcare Recruiting Process

Hireology

Businesses were shuttering their doors or reducing headcounts across every single industry. Performance metrics allow you to better understand how efficiently your business is (or isn’t) running and whether you are adequately staffed to the appropriate levels to accomplish your goals. .

Strength in Numbers

HRO Today

We undertook a thorough review of each of the legacy company’s policies and benchmarked industry standards as well. For example, we use regression analysis of survey data combined with our HRIS data to understand key drivers of engagement and retention. This provides the ability to do predictive modeling of turnover data in order to identify employees who are at the highest risk of leaving the organization.

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. Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%. Key Metrics.

Around the Bonfyre with Reneé Maxwell of Hansgrohe North America

Bonfyre

For Reneé Maxwell, employee retention, successful training and development, and internal promotability stand out as key signifiers of employee engagement. When you get into the details of it, for us employee engagement is a reflection of retention, promotability, and advancement. Happy workers are great and you have lower turnover, but what are we doing with it? Right now, from a manufacturing standpoint, I am outperforming industry standards.

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. Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%. Key Metrics.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

A Mckinsey & Co study showed that ethnically diverse companies are 35% more likely to have financial returns above national industry medians and gender diverse companies are 15% more likely to do the same. Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs. Here are a few demographic metrics you should be monitoring: 1. Metric to watch: Diversity of interviewed candidates.

8 Questions to Ask for Effective HR Reports

EmployeeConnect

It’s critical to evaluate staff strengths and weaknesses, training, education and the company’s current and long-term needs to determine which information and benchmarks are critical for defining progress or indicating that remediation is needed. The ability to generate custom HR reports is critical because the benchmarking process varies widely among departments and company stakeholders.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier - Talent Acquisition

Recent events have called attention to the state of workplace diversity at organizations in all industries. Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs.

Data Journalism for HR: The Beginner’s Guide

Visier

Whether it’s the role of non-monetary rewards in driving performance or the link between employee turnover and customer retention, collective mental models about how people actually drive business performance can be inaccurate, leading to gradual but potentially damaging effects in the long-term. Yes, even turnover rates and headcount numbers can be turned into memorable stories, and people experts are in a good position to tell them.

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The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Lower employee turnover. The factors that affect employee turnover vary by industry and job role, but excessive workload is a top culprit across the board. Conversely, several studies show that when employers pay close attention to employee workload and help employees balance the demands of their jobs with key resources such as technology and training, they can sharply reduce burnout and employee turnover.

AON 150

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. It’s no secret that high turnover and low productivity can be costly, and it often falls on HR to address these problems. Use industry benchmarks to help you understand where you fall.

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. Add in the appeal of jobs in less low wage industries, and hiring and retaining quality candidates with a passion for hospitality was always the top challenge. Retention. Turnover for most hotels reaches far into the double digits.

A Strong Dose of Strategy

HRO Today

And the lack of vision was affecting the organization’s hiring outcomes: Ninety-day retention was extremely low. Involuntary turnover was high compared to the competition. Cost of turnover was conservatively $20,000 per hire. He supplemented this feedback with data, leveraging metrics like time to fill, number of hires, hiring manager satisfaction, candidate satisfaction, and industry benchmarks to identify opportunities and develop a business case for change.

Healthcare Professionals: Get a Pulse on Your Employee Engagement Levels

Achievers

On the contrary, disengaged staff lead to poor patient experiences, higher turnover, and decreased productivity. From there, determine where your employee engagement levels stand today, and create reasonable timelines and benchmarks. If retention, engagement, and alignment are priorities for your organization (and they should be, given their profound impact on bottom line results), use these as metrics and reward managers for meeting targets.

The Role Of HR Analytics In Workforce Planning

Get Hppy

The most recent JOLTS , or Job Openings and Labor Turnover Survey published by the US Bureau of Labor Statistics , puts the the latest job openings level registered in November 2015 at 5,431,000(p). or PG&E, is one such example – they’ve successfully created workforce-planning platform that can help them predict any disruptions to the industry and minimize any negative impact on their business operations, in terms of talent management.

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. According to the New York Times , one in every ten Americans works in the retail industry. When the Great Recession hit in 2009, retail, like many other industries, suffered heavy losses. But unlike other industries, it was strength and growth in the retail sector that helped the U.S. Retail turnover is breaking records–bad ones.