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What Is Human Resources?

Analytics in HR

Through workforce planning, talent management, succession planning, and applying other HR best practices , HR professionals ensure that the organization has the required talent to keep operating and meet its long-term goals. HR: Facilitates strategic workforce planning to align talent with business objectives.

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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 also covers other financial incentives like bonuses, commissions, and annual increases. Factors impacting attrition Internal factors 1.

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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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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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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.

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Minimum Wage Increase: The Positives and the Pitfalls

Paycor

To fund the wage increase, the company is eliminating its variable compensation pay (VCP), bonuses for employees with good attendance and who hit productivity targets. Unfortunately, however, many small to medium businesses don’t have a clear line of sight into their total workforce cost.

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

When you know what changes you can expect in your workforce, you also see how you should adapt your techniques, procedures, and policies. For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses). Gather sufficient data.