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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. How are organizations using HR analytics to increase employee recruitment and retention? Dr. Rigolizzo: Regarding recruitment, thoughtful data can reveal built-in biases that keep you away from qualified candidates.

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Workforce Planners: 4 Steps to Improving Profit Margins for Services

Visier

To learn more about strategic workforce planning , check out this blog post). Getting that magic ratio of junior to senior staff is a big part of strategic planning for professional services projects. For example , you can look at past increase percentages for staff based on experience level.

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Why Internal Mobility is Key to Building a Diverse Workforce

Visier

In addition to boosting employee retention, this can also support a strategy of hiring from within the organization instead of competing on the open market for talent. “?An Companies now have to rethink their workforce and hiring strategies and instead invest in upskilling their workforce,” she states.

Diversity 377
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What is People Analytics and How Do I Get Started?

Visier

For example, a financial services organization used people analytics to considerably improve its workforce planning process. It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%.