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Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. The Better Way to Do Workforce Planning.

3 Real-Life Lessons About Workforce Planning

Pingboard

For any organization, thoughtful workforce planning can hold the keys to retaining talent, meeting employee expectations, and reaching important strategic goals. Make Better Data-Driven Decisions. The post 3 Real-Life Lessons About Workforce Planning appeared first on Pingboard.

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The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. This metric is a measure of your talent competitiveness.

Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

Talent Data ” I explained how you can impress your CEO by converting your Talent Acquisition results into dollars. It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. This metric is a measure of your talent competitiveness.

What is HR Data Analytics & How Do We Leverage It?

Ultimate Software

Data is now the most valuable currency in the world. But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

How HR Can Use Metrics And Data To Speak The Language Of Business

SuccessFactors

We have issues with data accuracy. This is no reason to avoid using the data—in fact, just the opposite. When you use the data, you and many others are looking at it, which helps identify and correct errors. However, problems can be hidden within aggregated data.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed. Develop The Right Mix of Workforce Diversity.

Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

Here’s a mind-blowing fact to spark up the late-summer doldrums: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. Companies also want: Data security. Data privacy.

How Human Resources Metrics Are Revolutionizing Business

Paycor

Using advanced technology to collect HR data analytics, or people analytics, has become the new standard. While performance metrics help businesses understand the past and protect the present, predictive analytics tell the story about the future. Harvesting HR Metrics.

5 Benefits of a Data-Driven Recruitment Strategy

Workology

Although overall job gains have slowed, according to 2016 JOLTS (Job Openings and Labor Turnover Survey) there continues to be more job openings than hires being made. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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6 Key Talent Acquisition Cost Reduction Metrics

Cielo HR Leader

There are six talent acquisition metrics that all organizations must track to identify where costs can be reduced and where improvements can be made to protect revenue, improve efficiency and increase quality of hire.

5 Benefits of a Data-Driven Recruitment Strategy

Visier

The latest JOLTS (Job Openings and Labor Turnover Survey) came out earlier this month and as the graph below shows, there continues to be more job openings than hires being made. Second, the data is siloed. What Data-Driven Recruitment Looks Like.

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Using Data to Link Talent Decisions to Business (Webinar)

TalentCulture

The HR industry talks a lot about analytics and data. Yet are we using data to link talent decisions to business? But even with powerful data readily available, are the majority of organizations using applicable information to their advantage?

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4 Foundations of Data-Driven HR

Analytics in HR

Each year, we survey hundreds of HR and business professionals and publish an HR Trends Report. In the survey, we ask questions about the state of metrics and analytics within HR departments. The Foundations of Data-Driven HR. Inform a specific workforce decision.

3 HR Talent Metrics You Should Start Tracking Today

Namely

The talent lifecycle is rich with data that often goes untapped. But you can use this data to identify and hire top talent, create a more objective method for evaluating candidates, and invest HR resources into the right talent sources. Rather than relying on instinct or intuition, data can help inform better hiring practices and allow you to track how that hire has panned out over time. So how do you use your data to start making strategic talent decisions?

Research Preview: Unlocking Organizational Agility to Drive Digital Growth

Workday

We identified five key behaviors that are crucial to organizational agility, and then grouped survey respondents based on their level of adoption of these behaviors. Here are the five behaviors that are necessary for organizational agility: Enable Continuous Planning. The parts of the business that rely on revenue through digital efforts, in particular, require rapid and continuous planning cycles. Upskill the Future Workforce.

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.

It’s Time for a People Strategy Revolution

Visier

Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”. News and Case Studies data-driven HR talent management

Results From Our Global Research: The Future Belongs to the Agile

Workday

A global survey commissioned by Workday queried 988 C-Suite executives and leaders, a third of whom have finance leadership roles, about organizational agility. Companies report stronger performance when they embrace agile ways of working: breaking down bureaucracy, eliminating data and process silos, building a workforce with modern skills, and prioritizing technologies that evolve along with them. Companies that plan to win take a holistic view of agility.

It’s Time for a People Strategy Revolution

Visier

Yet the most commonly monitored HR metrics do very little to deliver true insight into the workforce. And because of that mundane reaction, when CEO’s read our metrics they certainly don’t take any action.”. News and Case Studies data-driven HR talent management

Talent Analytics Key To Unlocking Big Data’s Power

TalentCulture

Here’s a fact I find fascinating: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. For HR, there’s a gold mine of Big Data. Last spring, I welcomed the “Industry Trends in Human Resources Technology and Service Delivery Survey,” conducted by the Information Services Group (ISG), a leading technology insights, market intelligence and advisory services company. Companies also want: • Data security.

Upping your game: From functional experts to business advisers

Bersin with Deloitte

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. What’s Your Data Strategy.”

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What is HCAHPS and What Does it Mean for Healthcare Worker Engagement

Visier

The biggest factor in both dimensions is the workforce: a highly specialized and very mobile group of skilled caregivers who are constantly in short supply. However, a Towers Watson global workforce study revealed that less than half (44%) of the U.S.

Upping your game: From functional experts to business advisers

HR Times

Data and the analytics horsepower that yield these kind of insights are quickly becoming table stakes for the way most organizations interact with and engage with customers. Amid the growing noise of data, it might be easy for the deafening roar to overwhelm. What’s Your Data Strategy.”

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Big, Bad Data: How Talent Analytics Will Make It Work In HR

SAP Innovation

Here’s a mind-blowing fact: Research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. Companies also want: • Data security. Data privacy.

Promoting from Within Should Be a Priority

HSD Metrics

A compilation of the skills, education and experiences of current employees will help guide workforce planning. A recent Nexxt survey found that 78% of people plan on looking for a new job in 2019, so it is vital to ensure your employees are happy and feel engaged with the company.

Your People and Global Internet Trends

China Gorman

Data Point Tuesday’s mission is to find reports and impactful data sources that most HR professionals would never find and serve up some of their more interesting data points for consideration. But sometimes the best data and analytics sources don’t come out of the HCM arena.

Deloitte Research: How Successful Organizations Use People Analytics to Drive Decision-Making

Visier

Whether you are examining your sales pipeline, the success of a marketing campaign, or employee retention, data and analytics are essential for business decision-making. Jetblue: Harnessing The Power Of Data To Challenge Assumptions. This included: Customer survey feedback.

5 Must-Read Talent Acquisition Articles of 2016

Visier

As you get ready for 2017, here are some must-reads for Talent Acquisition leaders and practitioners: Thriving In A Data-Driven World. Measure for Measure: The Evolution of Recruiting Metrics. Closing the Loop: Linking Workforce Planning, Analytics, and Hiring.

3 Ways Data Shapes the Talent Strategy at Tesla, Chevron, and LinkedIn

Linkedin Talent Blog

The head of Talent Acquisition at LinkedIn, Brendan Browne , is quick to admit that using data and talent analytics has completely changed the way his department is perceived by the business. If you asked the managers, they’d guess compensation—but the data pointed to a different reason.

The Value of HR Analytics: Why Every Company Should Be A Quantified Organization

Visier

Since joining Visier, I’ve been thinking a lot about the value of workforce analytics. In fact, a consistent finding from the annual Sierra-Cedar HR Systems Survey (which I managed for 16 years) was that “ organizations with workforce analytics outperform.”. Data Sources.

How Four Companies Enable their HRBPs with People Analytics

Visier

Many organizations want to enable their HRBPs to adopt a data-driven approach and be the ambassadors for people analytics while providing consultative support to the business on talent strategy. The answer was a resounding yes and the numbers on the data savvy aspect were even lower for some.

How to Measure Learning and Development’s Business Impact

Visier

According to an ATD report , 35% of talent development professionals surveyed reported that their organizations evaluate the business results of learning programs to any extent. ATD cites a lack of : Access to necessary data, such as financial or employee performance records.

Post-Brexit Workforce Challenges: How to Strategically Plan Through Ambiguity

Visier

In times of uncertainty, strong people leaders who can rapidly define and shape the workforce required to strategically position the organisation for success offer more than a competitive advantage. Strategic Planning Through Ambiguity: An Opportunity for HR.

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Secure the Right HR Business Partner Manager for the Future

Visier

This week, I do the same for the strategic and data-driven HR Business Partner Manager ( template available here ). In this recent People Analytics survey , we reported that only 22% of all respondents see the HR Business Partner as an effective champion to promote use of people analytics.

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