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. A retail establishment with 40% turnover is about average, but for a professional services firm , this figure would be a major red flag.

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. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

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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. More Recruiting 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.

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.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

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 these two industries, the norm is for employees to stay in their current professional specialty.

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?

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. Non-Specific Industry norms are also available. Articles Employee Retentio

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. Non-Specific Industry norms are also available.

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. Employee Retention

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.

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. Turnover/Retention – What is my new hire turnover?

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.

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.

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. The second metric provides slightly more insight.

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.

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.

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.

The Future of Business: People Analytics for Everyone

Visier

First West Credit Union , for example, noticed that turnover was increasing at an alarming rate. The pressure was on to boost retention. Sierra-Cedar research shows that organizations that outperform are those that more frequently use a higher number of data sources and metrics.

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.

Top 10 People Analytics Difference Makers to Look For

Visier

As the leader in people analytics, Visier has over 8 million employee records from working with hundreds of organizations across a variety of industries. Over 900 pre-defined metrics provide more than just a starting point. Travelling to HR Tech next week ?

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.

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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 additional support for nurses can also reduce burnout and improve retention.

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 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. Retention.

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. 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. 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. Here are a few demographic metrics you should be monitoring: 1.

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.

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What Is an eNPS Score?

Namely

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.

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.

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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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.