So, let’s take a hard look at what you should be doing with your human capital management strategy. You can also click through to our benchmarking quizzes to see where your company either falls short or is doing it right. People management. Benchmark your labor costs here. MORE

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. Analytics Performance MORE

The best way to demonstrate the value of your performance management system, is to link it to business impact. Learn how to calculate the cost of employee turnover, engagement and productivity and use these KPIs to measure ROI of your new performance management system. MORE

In addition to the impact on motivation, retention, and productivity, the C-suite is now keenly aware of the financial benefits of focusing on engagement and culture. In a Talent Management article last month titled “What Should CEOs Expect From HR?” MORE

With many employees making the decision to stay with a company long-term within the first 6 months , and employee turnover costs and impact high on the management agenda, it’s an area seeing increasing investment. Increase employee retention , and deliver associated cost savings. MORE

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. MORE

The infographic, found in Linkedin’s Talent Blog, 4 Recruiting Trends to Watch in 2016 , boils the report down to 4 key points – and they are good ones: Quality of Hire is the magic metric. Employee retention is growing as a top employer priority. Turnover/Retention. MORE

In addition, properly leveraging engagement data can prevent attrition by giving organizations the insight to immediately address employee concerns, helping them feel heard and developing interventions to reduce turnover. Finding the Right Metrics. MORE

1 global online influencer in talent management. #6 Social Advantage (Management 2.0 SuccessFactors Performance and Talent Management Blog. The second thing is that performance is always contextual. People management strategy. Talent management. (75). MORE

But every employer is at a different point in their data journey; some we work with have very little or even no people data to draw on at all, while others use a balanced scorecard to identify their financial, internal, customer, learning and growth metrics. For example, in our field of dispute resolution, a commonly cited financial metric is staff turnover. The softer metric is bullying and harassment scores taken from latest employee engagement surveys. MORE

As Baby Boomers retire, the need to shape younger workers to fill available management roles grows stronger. 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. MORE

For Reneé Maxwell, employee retention, successful training and development, and internal promotability stand out as key signifiers of employee engagement. For our latest installment of Around the Bonfyre, we talked to Maxwell about the qualities an HR Director needs to address engagement and culture, while also prioritizing employee performance. Like many HR managers, I didn’t go to school for it, but I truly have found what I love doing. MORE

New employee onboarding is the process of getting new hires adjusted to the social and performance aspects of their new jobs quickly and smoothly. In Fortune 500 companies, it has been estimated that 500,000 new managers transition into new roles or companies each year. Paycor Perform. MORE

That’s why staff members complain and protest about inaccurate assessments, data-driven errors and unpopular decisions – HR reporting fails to deliver unless the HR reports dig down into the databases to get the most accurate and relevant performance information, employee profile data and business intelligence. Data-driven decision management , or DDDM, is an approach that uses verifiable data to assist in decision-making processes. MORE

Performance Tracking Tools. It helps organizations establish employee performance standards and enables managers to evaluate employees’ job performance in relation to these standards. Allow users to evaluate employee performance in relation to overarching company goals. MORE

These tools are powerful and disruptive, and they have the potential to redefine how we manage our organizations. As the economy grows and the job market gets hotter, employee engagement and retention have become a top priority. We know managers are biased. MORE

Not to mention, the potential of a system to include Artificial Intelligence and predictive analytics in sourcing , recruiting and managing people more efficiently. HR departments, for instance, use applicant tracking systems to manage job ads, sort resumes, shortlist applicants, coordinate with their team/candidates and so on. The best talent systems now have talent forecasting tools to show when a role may see turnover or when to start planning for successions. MORE

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). Talent Management MORE

New employee onboarding is the process of getting new hires adjusted to the social and performance aspects of their new jobs quickly and smoothly. In Fortune 500 companies, it has been estimated that 500,000 new managers transition into new roles or companies each year. Paycor Perform. MORE