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10 vital HR metrics to track for your business

Business Management Daily

Robust data collection and analysis helps companies see if a particular change impacts employee morale, for example. Which hiring metrics are most important to track? For example, does it matter who conducts the interview? 10 HR metrics to track Knowing the value of data analytics for HR is one thing, applying them is another.

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Key Human Resources (HR) Pillars: Your 101 Guide

Analytics in HR

HR drives and provides oversight to these functions, which include: Workforce strategy : HR should drive a company’s workforce strategic plan , which includes assessing staffing needs, both in numbers and skills, maintaining competitive pay and benefits, supporting the performance management and career development process.

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Beyond Reporting: Empowering HR Professionals with Actionable Insights

Netchex HR Blog

However, traditional reporting methods often consume valuable time and resources, leaving little room for HR professionals to address critical issues and drive meaningful change. These insights go beyond simple reporting and enable HR professionals to identify trends, patterns, and opportunities that impact their organization’s success.

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Putting Employees In The Driver’s Seat Of Career Development

HR Tech Girl

It’s no mystery that career development is a top priority for employees but, according to Glint’s most recent Employee Well-Being Report, only 1 in 5 employees believe they can: Meet their career goals where they currently work; and Have both their manager’s and organization’s support to pursue those goals?even

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The New Learning Metrics: Demonstrating Business Value and Impact

Degreed

Telling your workforce development story — in fresh ways with new metrics — can capture the attention of your business leaders and make your learning program an important business priority. You’ve still got a story to tell, one that reinforces the value and impact of learning, talent development, and career mobility.

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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

For example, if you started the quarter with 100 people and ended it with 85, that quarter’s attrition rate is 15 percent. In our example above, we’ll say 20 employees left. In the case of our example, the formula looks like this: (100 + 85) / 2. Again, for our example, the formula looks like this: (20 / 92.5)

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3 Key Ways Learning Benefits the Business

Linkedin Talent Blog

According to LinkedIn’s 2024 Workplace Learning Report , companies with a strong learning culture have a 7% higher rate of promotions to management, 23% higher internal mobility rate, and 57% higher retention rate than those where learning is less robust. Consider the example of software development company Vertafore.