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.

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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.

How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier - Talent Acquisition

According to the Association for Talent Development , only 35% of organizations have a formalized succession planning process. As with most things, the best way to manage these risks is to be prepared and to have a plan. Succession planning with data. Fictional data used.

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.

Cloud-Based Data Management and Analytics for Employee Wellness and Business Survival

Visier - Talent Acquisition

Data warehousing and the importance of providing business insight in a timely manner during the current COVID-19 crisis highlights the need for all data management teams to be able to react and adapt rapidly to serve the changing needs of the business. Fictional data used.

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

Organizational Agility and the CEO: Guiding the Business Through Digital Transformation

Workday

We found a distinct perception gap between the CEO and other senior leaders: across five key pillars of organizational agility, CEOs are most likely to positively rate their organization’s progress towards agility in comparison to the views of other C-suite leaders. Continuous 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.

People Analytics: Strategic Talent and HR Management for the Data Economy

TrustRadius HR

People analytics is the consolidation and use of data to solve people-problems and answer personnel-based questions for businesses. Organizational/work psychology—data in a vacuum isn’t very helpful.

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.

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.

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.

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.

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?

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?

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 -

DecisionWise

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.

Top 10 People Analytics Difference Makers to Look For

Visier - Talent Acquisition

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. .

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.

6 Areas Where People Analytics Can Help HR Get Ahead

Career Metis

It’s official – the data revolution is in full swing. According to one recent report , 90% of businesses now say that data and analytics are key to their organization’s digital transformation initiatives. 2) Strategic and Tactical Workforce Planning.

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.

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.

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.

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

DecisionWise

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.

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.

Understanding the Basics: What Is Human Capital Management Software?

Workday

Today’s workforce encompasses five generations , a range with different workplace needs and expectations. The workforce is also more nimble than ever before with salaried, hourly, contingent , and contract workers. Paying your workforce.

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.