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.

Keeping Work Travel Balanced for Employees to Prevent Turnover

HSD Metrics

Attempting to work through that can easily cause burnout, driving good employees away, and if the practice does not change, high turnover could become common within the role. The post Keeping Work Travel Balanced for Employees to Prevent Turnover appeared first on HSD Metrics.

HSD Metrics® Expands ExitRight® Staff With Hiring of Tina Califano

HSD Metrics

Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers. News HSD Metrics Welcome Shaun Worcester

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.

Compensation Dictionary

what, the metrics the employee is measured against, and so forth. Often misunderstood, but a very critical part of evaluating compensation, is the benchmark job. benchmark job is what you use to compare pay at your organization with pay in the market.

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.

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?

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 most industries, pay ranked third in importance out of the top 12 turnover causes.

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 most industries, pay ranked third in importance out of the top 12 turnover causes.

Quality of Hire: A Vaguely Valid Metric?

China Gorman

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.

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

Handling Employee Harassment by Customers

HSD Metrics

A third-party system from HSD Metrics will ensure employees feel comfortable sharing honest feedback anonymously, so you know what’s going on without anyone attempting to sugarcoat the issue. The post Handling Employee Harassment by Customers appeared first on HSD 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. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

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. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

Handling Conflict between Different Workplace Departments

HSD Metrics

A great way to receive honest feedback from your employees is by utilizing stay interviews, such as HSD Metric’s StayRight program, which provides you with comprehensive information and data insights that help you drive change when and where you need it most.

A Step-by-Step Guide to Calculating Turnover

HRsoft

Calculating turnover is important for developing retention strategies and supporting a strong company culture. To begin calculating turnover in your organization, select a benchmark job to validate internal and external metrics.

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.

Bridging the Generational Gap between Employees

HSD Metrics

Offensive jokes can lead to bad morale, turnover among employees, or even worse, potential legal problems. Help to reduce employee turnover by taking the time to know your employees and their skills, knowledge, abilities and unique capabilities.

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.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. Human Resources Metrics : According to a survey from Korn Ferry, 98 percent of executives believe that onboarding programs are the key to employee retention.

3 HR Talent Metrics You Should Start Tracking Today

Namely

Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. Then establish standards for what “good retention” means.

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?

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? Recently, i4cp assembled a collection of some of the top D&I metrics used by high-performance organizations—those considered leaders in profitability, revenue, market share, and customer satisfaction over a five-year period.

5 Human Resource Management Goals for Your Small Business

OmegaHR Solutions

Reduce Turnover—and Accompanying Expenses—by Hiring the Right Candidates. But how do you define the best plan for long-term employee development and ultimately, better retention? Define Measurable Benchmarks for HR Success. Metrics are undoubtedly where HR software shines.

Promoting from Within Should Be a Priority

HSD Metrics

Stay interviews help you strengthen your overall employee retention plan, whether it is needed in a particular department or across the entire organization. The post Promoting from Within Should Be a Priority appeared first on HSD Metrics.

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. Workday Benchmarking, our first Data-as-a-Service (DaaS) offering, is now generally available.

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.

Survey Says…

HRO Today

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.

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.

13 HR Stats That Will Make You Lose Sleep This Halloween

Achievers

It’s all too common for HR professionals to completely separate the metrics of employee well-being from customer experience. On average, it costs $4129 for each hire, according to SHRM’s Human Capital Benchmarking Report.

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.

13 HR Stats That Will Make You Lose Sleep This Halloween

Achievers

It’s all too common for HR professionals to completely separate the metrics of employee well-being from customer experience. On average, it costs $4129 for each hire, according to SHRM’s Human Capital Benchmarking Report.

Amazon Coming to Town? Mitigate Talent Shortfalls with People Analytics

HR Daily Advisor

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. Strategic HR data employees turnover workforce

Top 10 People Analytics Difference Makers to Look For

Visier

Growing rapidly, these records are anonymized and available to all customers, enabling you to benchmark against trends within your industry such as age, gender, resignation rates, promotion, ethnicity, and more. Over 900 pre-defined metrics provide more than just a starting point.

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.