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 New Workforce Planning Model: Why Position Management Is Flawed

Visier

Given that people costs make up the largest chunk of the operating expenses for a typical organization, getting the workforce plan right is fundamental to good corporate fiscal health. As a best practice, workforce planning should be continuous.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync.

Automated Workforce Planning: Tactical or Strategic?

China Gorman

An organization’s workforce is also, however, its most expensive asset, and workforce management (the development of employees, retention of skilled talent, etc.) Automated workforce management solutions can also help to reduce unplanned overtime.

Jobs Data Analysis at Davos Shows It’s Cheaper to Reskill Than Rehire Workers Displaced by AI

Burning Glass Technologies

A new Davos report using Burning Glass Technologies jobs data answers a basic question about technology and the future of work: in many cases, it’s cheaper to reskill workers than to hire new ones.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

While the same talent challenges are spurring companies to become more data-driven in workforce decision making, the approaches they are taking fall mainly into two different camps: build or rent. Data warehouse software licenses. Data integration tools licenses.

Finding Mobile App Developers Is Not Where You Expect

Burning Glass Technologies

From a volume perspective, these areas have less than 2,000 postings each in comparison to the tech hubs for the same period but have increased demand by over 500% in the last six years. Big Data Human Capital Management Labor Market Talent Shaping Workforce Planning

Certifications vs Certificates: What’s the Difference?

Burning Glass Technologies

It’s important to note that we excluded licensed occupations from this comparison, because that effectively makes the credential mandatory, and we wanted to find out how employers valued credentials when there is no regulatory pressure.

HR & Workforce Analytics Innovation (London Data Festival)

Strategic HCM

As I've posted previously, adoption of analytics in HR has been relatively slow in comparison to other departments. However, this is changing as HR departments begin to leverage the wealth of data they have about their employees to improve employee retention, morale, and recruitment.

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution.

Top 10 People Analytics Difference Makers to Look For

Visier

With the growth in volume and complexity of data , having agile visibility into and use of your people data is more critical than ever. Visier has the pre-built questions and data flows already mapped out to guide your analysis and turn data into action. .

5 Questions That Will Help You Find the Right Workforce Intelligence Solution

TalentCulture

Finding the right workforce intelligence solution is like… well, remember what purchasing your first home felt like? Through the analysis of this data, HR can maximize business outcomes by enabling better decisions about talent.

Amazon Coming to Town? Mitigate Talent Shortfalls with People Analytics

HR Daily Advisor

With Amazon planning to hire upwards of 50,000 employees, this fear should be taken seriously. A data-driven process is one smart strategy that business leaders can take to mitigate the risks—and find the opportunities—associated with Amazon’s big move. Data demystifies employee churn.

Finding the Right HR Datafication Solution: The 5 Most Important Questions You Need To Ask

Visier

If you are looking for a technology solution to transform your HR department into a data-driven decision-making entity, then you are facing the same type of highly complex and highly critical decision as buying a home. Can workforce answers be found and understood without instruction?

HRExaminer Watchlist: Analytics Integration: OneModel

HR Examiner

Category: Data Workbench. OneModel takes the clients data, as is, and integrates it into a customizable set of People Analytics. OneModel fits neatly into the Data Workbench bucket. OneModel is designed to integrate the entire range of data sources within an HR Department.

12 Org Chart Software Upgrades Worth Paying For

Pingboard

Live org charts increase efficiency, improve the onboarding process, support workforce planning efforts, and enhance company culture. Automatic data updates. You need access to the most up-to-date HR and IT data that’s available—and who has time to make manual updates?

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.

Finding the Right HR Datafication Solution: The 5 Most Important Questions You Need To Ask

Visier

If you are looking for a technology solution to transform your HR department into a data-driven decision-making entity, then you are facing the same type of highly complex and highly critical decision as buying a home. Can workforce answers be found and understood without instruction?

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types -

Decision-Wise

We recommend pulse surveys as a compliment to a yearly comprehensive employee engagement survey to target specific initiatives and to gauge action planning progress.

How To Reduce Employee Turnover with Workforce Analytics

Visier

However, knowing your turnover rate does little to support strategic business plans. HR, with its understanding of human capital dynamics, is uniquely positioned in the organization to ensure the workforce is aligned with the needs of the business at the optimal cost.

Diagnosing and Preventing Nurse Burnout Using People Analytics

Visier

HR needs to take a compassionate approach to reducing nurse burnout and, strange as it may sound, people analytics and data can truly help in the effort to see the issues from the nurse’s point of view. How to Leverage Data as Your Diagnostic Tool.

Aligning HR and Finance

Vemo

Being able to make various comparisons and provide answers to key questions ensures HR a permanent seat at the decision table. Vemo offers enterprise Cloud-Based Workforce Planning and Analytics technology.

Fire-Rehire Practices Particularly Inefficient in a Tight Talent Market

Lee Hecht Harrison

Our data further suggest that larger corporations on average rehire 10-15% of their laid off employees. For many organizations, the failure to do this type of comparison could be a costly mistake. It was an excellent question for which there was no easy answer.

What is HR Reporting and Which Suites Do It Best?

TrustRadius HR

HR Reporting is an analytical tool designed to compile data, statistics, and metrics on employees. To execute this strategy, HR managers purchase specific software to compile this data (discussed in further detail below). At its core, HR Reporting is a data-driven system.

The Means To The Ultimate End – Decision Analytics

Compensation Cafe

In an almost hour-long conversation, I reiterated some of the now familiar topics of big data, predictive analytics, applied behavioral science, data visualization and leveraging machine learning, artificial intelligence and other algorithm-driven techniques.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. The Era of Foot Locker Workforce Analytics. The problem was that HR had no data to prove it.

Understanding the Employee Engagement Survey Provider Landscape: A Guide to the 6 Vendor Types - DecisionWise

Decision-Wise

We recommend pulse surveys as a compliment to a yearly comprehensive employee engagement survey to target specific initiatives and to gauge action planning progress. The service typically includes a standard employee survey with little or no customization, templated reports, benchmarking comparisons, and prescribed recommendations. They offer many additional services including help with mergers and acquisitions, compensation plans, workforce planning, and benefits structuring.

Pay Transparency – Is it Really a Spectrum or Just a Series of Options?

Compensation Cafe

In a nutshell, nominal scales are used to depict data with labels but without quantifiable values. A good example of nominal data would be a scale associated with a question, “What is your hair color?”

What Makes Someone an Executive?

Compensation Cafe

For one thing, I couldn’t help but think that a better, though still far from accurate, compensation comparison for Federal executives would be non-profit executives. . Editor's Note: Today's post comes to us courtesy of guest contributor Joe Thompson.

Key takeaways from People Analytics World, London 2018 – Part 1

Littal Shemer

People Analytics World is a leading European annual conference on HR Analytics, Workforce Planning and Employee Insight, in which I was privileged to attend on April 2018. Fortunately, the conference organizers offered interactive tools that helped me to plan my agenda in advance.

Trump's First Labor Nominee: Burgers, Bikinis and Mocking Low Wage Workers.

The HR Capitalist

Puzder pulling out hurt the timing of this post - I was planning to write about him in the context of his ability to lead Labor - but from the perspective of how he viewed labor, not personal events/issues. Still, Puzder’s estimation of the workforce remained low.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Healthcare has long been a highly regulated industry with a diverse and specialized workforce — one that’s hard to hire and even harder to retain at the best of times. Stay on top of how workforce dynamics, such as resignations, are impacting your patient readmission rates.

The dynamic duo: talent maturity and business impact

HR Times

We now have data and insights that can guide organizations looking to grow in these markets. The Bersin by Deloitte Talent Management Maturity Model: Comparisons across markets. Global insights and findings about Brazil, China, and India.

The dynamic duo: talent maturity and business impact

HR Times

We now have data and insights that can guide organizations looking to grow in these markets. The Bersin by Deloitte Talent Management Maturity Model: Comparisons across markets. Global insights and findings about Brazil, China, and India.