article thumbnail

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

Analytics in HR

HR analytics, also referred to as people analytics or workforce analytics, involves gathering, analyzing, and reporting HR data. 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.

article thumbnail

How to Build a Staffing Model for Your Business

Replicon

These temporary workers are referred to as augmented staff and are directly handled and compensated by the company. Statistical Regression Analysis This method uses the previous labor needs as a reference to estimate future staffing requirements.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Human Resources also refers to the workforce or people employed in an organization.

article thumbnail

The Relationship Between Planning and Organizational Culture in HR

Hppy

There’s no doubt that a strong company foundation and healthy working culture produce success in terms of employee happiness and financial gain for the company. How much of that is due to strategic planning? Well, statistics show that 71% of fast-growing businesses refer to their business plan often. Many reasons.

article thumbnail

The Ultimate List of 60+ Job Description Benefits

Ongig

Performance bonuses Employers reward employees when they meet performance goals or exceed performance expectations. It can take the form of commissions, incentives, and spot bonuses and can be given either in a lump sum or at the end of the year. Some topics covered are managing debt and credit, saving, investing, and taxes.

article thumbnail

The Compehensive Dictionary of HR Terms To Know [In 2024]

Analytics in HR

It’s a handy reference to refer to the next time you encounter an unfamiliar term. Garden leave Garden leave refers to a period during which an employee is paid to stay away from work, typically after resignation, to prevent them from starting a similar job or sharing sensitive company information. ” 7. ” 10.

COMPAS 78
article thumbnail

Building An HR Department: A Step-By-Step Guide

HR Tech Girl

Without these professionals fostering and handling employee retention, succession planning and hiring skilled talent would be challenging. When doing that, consider the following: Employee hourly wage and salary Employee retirement saving Health insurance Employee well-being fund Paid time off Employee raises and bonuses.