Remove Bonuses and Incentives Remove Data Remove Retention and Turnover Remove Tools
article thumbnail

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

Analytics in HR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? In other words, HR analytics is a data-driven approach to Human Resources Management.

article thumbnail

Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

Read on to hear about how 15Five recently rolled out a new process to visualize compensation data and communicate total rewards value to our team. Because they’re not getting a complete picture, some employees may feel undervalued or under-compensated, ultimately leading to turnover. The compensation conundrum.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is the Great Resignation really over? Getting to the root of retention problems

HRExecutive

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Mitigating the costs of employee turnover for frontline workers isn’t just an HR issue.

article thumbnail

Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Bonuses and Commissions: Additional incentives provided to employees based on performance, sales targets, or other predefined criteria. Equipment and Supplies: The cost of providing employees with necessary tools, equipment, and supplies to perform their job duties efficiently.

article thumbnail

How To Set Your Recruitment Goals In 2024

Analytics in HR

Talent retention : For example, improve employee retention rates. AI integration and automation: For example, incorporate AI and automation tools for more effective and data-driven recruitment. Remove subjectivity and rely on data instead. Why set recruitment goals? Use metrics to evaluate your past performance.

article thumbnail

Industry Insights: Healthcare

Payactiv

We built this page with you in mind – use it as a learning tool, reference page, and more! We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. The turnover rate near double creates the perfect storm. Hiring is a multi-layered process.

article thumbnail

Industry Insights: Senior Care

Payactiv

We built this page with you in mind – use it as a learning tool, reference page, and more! We have compiled the latest stats, arming you with all the data you need to make informed decisions when looking at your hiring plan. Read how partnering with Payactiv results in a significant increase in employee engagement and retention.