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HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Tracking attrition rate is helpful to monitor if the number of people leaving is growing or declining so HR teams can improve workforce planning and people management. Compensation Compensation plays a factor in whether an employee remains or chooses to leave for a higher-paying job. Work-life balance.

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What Is Human Resources?

Analytics in HR

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. Rewards include salary, perks, and benefits like health insurance, remote work, and performance-based bonuses.

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21 Highest-Paying HR Jobs in 2023

Analytics in HR

Recruitment Analytics: Measure the effectiveness of sourcing strategies , removing hiring bottlenecks, and making data-driven decisions to improve overall recruitment results. Create HR strategies that support company goals, including workforce planning, talent management , and organizational development.

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The Immutable Laws of Compensation (Part 2)

Compensation Cafe

The Third Immutable Law of Compensation: Compensation is always done for, and by, people. Second Corollary: Compensation strategies, decisions, and execution will always contain errors or assumptions that cause them to go awry. (See See Dan’s Third Law of Compensation Motion.).

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5 things to learn from the World’s Most Admired Companies

HRExecutive

Strategic workforce planning: WMACs have greater clarity on their future needs. Strategic workforce planning is the practice of mapping an organization’s people strategy with its business strategy so they work in sync. Those efforts translate to a more forward-looking workforce view.

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A Primer on Job Architecture-Part Two

Compensation Cafe

The outcomes of the design process can make compensation administration, career development and workforce planning so much more effective. Companies that have worked a lot on workforce planning may have simplified their organizational structure to support their work. Job functions. Focus area/philosophy.

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Relying on Traditional HR Will Lose You the Analytics Talent Race

Analytics in HR

The war for talent is raging across industries and countries, and nowhere is the fight more intense than in data science and analytics. In fact, Gartner anticipates that there will be a shortage of 100,000 data scientists in the United States alone by 2020. The reality: traditional HR struggles to fulfill the analytics remit.