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10 vital HR metrics to track for your business

Business Management Daily

As organizations become more complex, data helps clarify the picture of what’s going on as it relates to employee engagement and retention. How are organizations using HR analytics to increase employee recruitment and retention? There are many ways to use it down to where recruitment dollars should go.

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What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

Today, more of our findings, including measures of turnover, compensation, and training. Measures of Turnover. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Other turnover factors listed by participants included: High potentials. Reasons for leaving.

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Compensation and Benefits

Analytics in HR

HR uses compensation to attract top talent and boost retention rates. This amount is negotiated during the hiring process and agreed upon before the employment contract begins. Every new hire should receive a clear report of their compensation package and know who to contact if they have any questions.

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What is People Analytics and How Do I Get Started?

Visier

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%. To capitalize on this demand for insights, several software companies offer analytics capabilities with their reporting solutions. Tackle turnover problems.

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What is Compensation Management?

HRsoft

Learn what compensation management is and why it is important to increase employee retention , motivation, and productivity. Organization’s must diversify and consider different compensation practices to ensure they stay ahead on employee motivation, job satisfaction and retention. What Is Compensation Management Software?

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16 Essential HR Metrics Not Enough Companies Monitor

Ongig

There are no simple fixes, but a successful retention strategy must start with measuring the most important HR metrics. Common HR metrics measured in the workplace Turnover This statistic displays the number of employees who quit the organization in a particular year. That’s a large but real stat.

COMPAS 59