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The People Analytics Best Practices to Add to Your Talent Management Strategy

Visier

From May to July 2021 Visier surveyed its customers to gauge how well they’d advanced their people analytics practice and see what guidance they could provide to organizations newer to people analytics. In all cases, Visier’s publicly-traded customers outperform benchmarks. Managing change through culture.

Analytics 259
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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. However, the true cost of turnover can’t be analyzed by simply knowing your attrition rate and whether or not it has increased or decreased.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Example: Annual employee turnover rate.) With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards. However, certain circumstances may require incorporating external benchmarking data.

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Curbing Employee Turnover Contagion in the Workplace

Visier

Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. Turnover contagion happens when people quit their jobs simply because other people are talking about leaving, job searching, or actually jumping ship. Quitting is contagious.

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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. After drilling into their workforce data, they discovered that turnover was focused within four key sales roles on the retail banking side of the organization, specifically in one particular region.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

As with most things, the best way to manage these risks is to be prepared and to have a plan. The trifecta of talent management tools for talent gap mitigation. Having all of this information at your fingertips can help develop more informed plans for both her development as well as approaches to retention strategies.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs. By waiting too long to make diversity a priority, companies run the risk of having a small talent pool to source from later on and rushing through the hiring process in order to fill critical roles.