Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

In the following graph, we see how many hires are being made, by comparison to the number of job openings: For nearly the entire history of the JOLTS data, more hires are tracked than job openings, but recently this relationship has switched. The Better Way to Do Workforce Planning.

A Crash Course in Job Descriptions

HR Daily Advisor

This in turn allows the company to have a more successful recruitment process by allowing a better-matched skill set for a given role. Similarly, job descriptions can be used in succession planning and skills gap analyses.

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups.

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

Succession #9. Offer acceptation rate Referral hire rate Re-hire rate Interviewee satisfaction rate (in relation to the recruitment process) #5 – Internal Movement Indicators Promotion Rate: the number of employees that have been promoted in comparison to the total number of employees.

How To Use Cohort Analysis for Better Workforce Decisions

Visier

Instead of accepting an intuition-based decision, consider performing a data-driven cohort analysis, where you look at each employee’s detailed work records and perform comparisons against similar employees and employee groups.

Aging Workforce Challenges: Trends, Statistics and Impact

Digital HR Tech

As a comparison, for every 10 Generation Z members, there are 12 people aged 65 or older in the EU. Of course, there are heaps of other things you can do (up the salary, extra holidays, more health benefits). Succession. workforce to play in your succession planning.

Workers are looking – and leaving – for career development

HR Morning

Employee development is at the heart of successful talent management. Succession planning. Succession planning is a talent management must-do for organizations of all sizes, whether a global corporation, a small non-profit, a mid-sized college or a family business with a dozen employees. Whenever employees leave, organizations lose hard-to-replace knowledge about what has been successful and unsuccessful in moving strategy forward.

“Fixing What is Broken” – Hear the Changing Role of Talent Acquisition

AllyO

8 Important Things You Must Learn From Millennials

SAP Innovation

By doing strategic workforce planning : looking at the composition of your workforce today and in the far future. They have seen Pac-man turn into GTA5 (Grand Theft Auto 5 is the most successful game, earning over $1 billion US in just 3 days).