Analytics in HR

FEBRUARY 28, 2024

In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. HR analytics, also referred to as people analytics or workforce analytics, involves gathering, analyzing, and reporting HR data. Example: Annual employee turnover rate.)

HR Planning 112

HR Planning Analytics HR Software Hiring Software 112

15Five

NOVEMBER 14, 2023

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

Course 199

Course Retention and Turnover HR Software Metrics 199

Analytics in HR

JUNE 15, 2020

In this article, we will explore the key metrics that you need to prepare your organization for the future. For this article, I want to zoom in on the data and metrics that are useful to create in the Strategic Workforce Development process and why. This is where strategic workforce planning, or development, comes in.

Metrics 101

Metrics HR Planning Retention and Turnover Hiring Software 101

HSD Metrics

MARCH 16, 2023

Although every industry is dealing with high turnover and staff shortages, healthcare professionals have been the most affected and have experienced the greatest pressure in the last few years. They are directly tied to positive patient experiences, yet industry trends point towards high-turnover rates among healthcare providers.

Industry 52

Industry Retention and Turnover Staffing Software Assessment Software 52

Analytics in HR

FEBRUARY 19, 2024

HR metrics provide a data-driven approach to managing human capital, offer insights into the effectiveness of HR practices, and ultimately predict the future. Let’s take a look at the commonly used HR metrics and how you can track and utilize them in your organization. Contents What are HR metrics?

Metrics 95

Metrics HR Software Hiring Software HR Planning 95

Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

15Five

DECEMBER 7, 2023

Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. With the pivotal role managers play in fostering employee engagement, productivity, and retention, it was imperative to equip and support them effectively.

Onboarding Software 204

Onboarding Software Onboarding Retention and Turnover HR Software 204

Pingboard

JULY 7, 2021

In this post, we’ll go over 20 HR metrics — qualitative and quantitative — that will deliver the clearest insights for your organization. . What Are HR Metrics? . As you’ll see, HR metrics include a wide range of core and non-core areas like: . Retention . Key HR Metrics: 3 Major Categories. Recruitment.

Metrics 52

Metrics Hiring Software HR Software HR Planning 52

15Five

MAY 19, 2023

According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. Most other business functions have a standard set of metrics that show the effectiveness of their team and how they’re contributing to the company’s bottom line (e.g.,

HR Planning 222

HR Planning Metrics HR Software Hiring Software 222

15Five

OCTOBER 4, 2023

Managers have an outsized impact on the outcomes that matter most to HR leaders, including employee engagement, performance, and retention. You need baseline metrics to build a strategic plan and mechanisms for continuous measurement and improvement. Managers who prioritize regular 1-on-1s are more effective than those who don’t.

Metrics 186

Metrics HR Software Retention and Turnover Planning Tools 186

Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 59

Metrics Retention and Turnover HR Software Benchmarking 59

Analytics in HR

MAY 10, 2022

Implementing a solid employee retention strategy is critical for any company. Let’s have a look at employee retention metrics that help improve employee retention at your organization. Let’s have a look at employee retention metrics that help improve employee retention at your organization.

Metrics 136

Metrics Retention and Turnover Hiring Software HR Planning 136

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

Retention and Turnover 197

Retention and Turnover HR Planning Onboarding Employee Recognition 197

Hppy

OCTOBER 30, 2023

For HR Managers, Chief Talent Managers, and Chief Happiness Officers, employee engagement and retention are top-of-mind concerns. You’re already well aware that employee wellness programs are not just an HR trend but a business imperative. The State of Employee Disengagement and Turnover Gallup reports a mere 34% of U.S.

Retention and Turnover 113

Retention and Turnover Wellness HR Software Analytics 113

HR Lineup

JANUARY 12, 2024

The HR Scorecard is a powerful tool that allows organizations to align their HR strategies with overall business objectives, monitor key HR metrics , and drive continuous improvement. It is a visual representation of key HR metrics and indicators that help in assessing the impact of HR activities on organizational performance.

HR Software 76

HR Software Assessment Software Recruiting Software Planning Tools 76

Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

UKG

JUNE 4, 2021

Knowing which metrics and measurements to focus on is a perennial challenge for CFOs and finance departments, and the current state of workforce management makes it that much trickier. Even as most industries are well on their way to recovery, the lessons learned from an unorthodox financial year continue to resonate. Data analysis.

Metrics 52

Metrics Hiring Software Staffing Software Onboarding Software 52

HR Digest

NOVEMBER 28, 2023

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Ensuring they have the resources to do their job well can ensure HR contributes to business growth in multiple, impactful ways.

HR Software 105

HR Software Hiring Software HR Planning Assessment Software 105

Bob

FEBRUARY 22, 2024

But making clear decisions about your talent management strategy is impossible without clear information—which is where talent management metrics come in. What are talent management metrics? Talent management metrics are a series of measures HR professionals use to track the effectiveness of a business’s talent management strategies.

Talent Management 97

Talent Management Metrics Hiring Software Recruiting Software 97

EmployeeConnect

FEBRUARY 14, 2024

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Simultaneously, retaining these talents is proving to be just as challenging.

Talent Acquisition 147

Talent Acquisition Hiring Software Recruiting Software HR Software 147

Analytics in HR

FEBRUARY 6, 2024

Talent retention : For example, improve employee retention rates. AI integration and automation: For example, incorporate AI and automation tools for more effective and data-driven recruitment. Increase efficiency and reduce costs: Well-defined goals will guide your efforts and streamline your processes.

Video Recruiting 89

Video Recruiting Recruiting Software Hiring Software Recruitment 89

HR Digest

APRIL 13, 2023

In recent years, HR has undergone a significant transformation as organizations seek to become more data-driven and evidence-based in their decision-making. HR metrics and analytics have emerged as a powerful tool to help organizations make better HR decisions and embrace workforce planning. What are HR metrics and analytics?

Metrics 105

Metrics Analytics HR Planning HR Software 105

Cornerstone On Demand

APRIL 5, 2017

According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function.

Metrics 352

Metrics Recruiting Software Hiring Software Retention and Turnover 352

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

HR Planning 186

HR Planning Retention and Turnover Objectives & Key Results HR Software 186

15Five

APRIL 16, 2024

However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover. Sizability and scale Assess how well the tool will scale in your organization. Is there a compensation management tool ?

Onboarding Software 206

Onboarding Software Assessment Software HR Software Planning Tools 206

Business Management Daily

JUNE 21, 2023

Employee turnover has been on the rise for many years now in the US, and that trend isn’t set to change anytime soon. In fact, voluntary turnover is set to hit 35% in 2023 , which has been steadily rising since hitting an all-time high in 2018. What’s employee turnover rate?

Metrics 52

Metrics Retention and Turnover Hiring Software Onboarding Software 52

Analytics in HR

JANUARY 4, 2024

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

Retention and Turnover 84

Retention and Turnover HR Planning How To Retirement 84

Bob

AUGUST 8, 2022

Employee attrition and retention are like peas in a pod—attrition is the peas, employee retention is the pod. When employee retention is low, you have a problem: Happiness is down, engagement is off, or maybe the economy is strong, and people are leaving for greener pastures. Attrition vs. retention.

Metrics 148

Metrics Retention and Turnover Hiring Software HR Software 148

Analytics in HR

MARCH 21, 2023

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? These include: Employee retention rate.

Hiring Software 109

Hiring Software Retention and Turnover Compliance Training Compensation 109

Analytics in HR

JULY 31, 2023

A well-crafted staffing plan: Minimizes labor costs Maximizes productivity Provides a competitive edge in the market Improves the quality of new hires Reduces turnover Drives career and skills development Fosters a more engaged and satisfied workforce. Hiring the right people for the right roles can’t be overstated.

Staffing Software 81

Staffing Software Staffing HR Planning Planning Tools 81

Business Management Daily

FEBRUARY 28, 2023

Most companies have long taken a data-driven approach to sales, marketing, and customer satisfaction — but more and more companies now realize the benefits of tracking HR analytics (also called people analytics). With that in mind, how do you know which KPIs and HR metrics to track at your organization? Why are HR metrics important?

Metrics 111

Metrics HR Software Hiring Software HR Planning 111

Primalogik

JUNE 15, 2023

HR metrics help organisations measure performance data and make sense of it. Through the right metrics, HR managers and leaders can learn how to better support employees and strengthen results. To observe trends, HR should measure the same metrics over time. The Importance of HR Metrics 2. The 26 Best HR Metrics 3.

Metrics 96

Metrics HR Planning HR Software Hiring Software 96

Acendre

MAY 19, 2023

It is emerging as powerhouse solution for measuring recruitment success (and retention success). It’s also making strides in an increasingly data-driven recruitment-scape. And truthfully, it’s a game-changing resource if you’re used to relying on your better judgement, making do with inadequate vanity metrics, or both!

Talent Acquisition 52

Talent Acquisition Recruiting Software Hiring Software Recruitment 52

Rise

APRIL 18, 2024

In the modern workplace, corporate wellness programs are becoming more important for retaining top talent and improving employee performance. From offering healthy snacks and fitness classes to providing mental health resources and facilitating physical health, there are plenty of choices for what wellness activities to include.

Wellness 52

Wellness Assessment Software Hiring Software Planning Tools 52

Analytics in HR

JUNE 7, 2022

Let’s have a look at all you need to know about employee wellbeing metrics. Contents What are employee wellbeing metrics? Useful employee wellbeing metrics. What are employee wellbeing metrics? Financial wellbeing: Managing money well. Check out the employee wellbeing metrics in more detail below.

Metrics 130

Metrics Retention and Turnover Assessment Software Hiring Software 130

Extensis

JULY 14, 2022

To grow, they must have a data-driven decision-making culture. But with so many HR metrics available to measure, which are the most important? From turnover rate to revenue per employee, let’s explore the 14 most critical HR metrics for today’s SMBs. To calculate this metric: . Turnover rate. through 2027.

Metrics 98

Metrics HR Planning HR Software Hiring Software 98