Beyond HR KPIs: Strategic Metrics for Organizational Development

Analytics in HR

In this article, we will look beyond the scope of traditional HR KPIs. We will show that financial KPIs are not the end-goal – rather HR should step up its game and report on the leading indicators of organizational effectiveness. Let’s take a look at the reasons: Silo HR.

24 HR Metrics that can Make a Difference in Your Business Today

CakeHR

What are Human Resource Metrics? How do you quantify the costs and impact of employee programs and HR processes? By using Human Resource metrics. Employing human resource metrics in your business is a great way to measure the progress (or demise) of your HR actions.

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20 HR Metrics To Consider Adding to Your Company’s KPIs

Pingboard

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? . For that reason, they’re also referred to as HR key performance indicators (KPIs). .

3 HR Talent Metrics You Should Start Tracking Today

Namely

In our HR Redefined series, we give innovators a medium to share personal reflections, professional advice, and best practice guidance. 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. Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The field of human resources is changing.

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

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Compensation-Related Metrics. HR Metrics are being used in some very interesting ways by HR departments across the country.

Survey Says…

HRO Today

Despite numerous innovations in engagement tracking technologies and digital tools, HR professionals are still struggling to answer a key question: How can engagement be leveraged to improve workforce and business outcomes? But to find the patterns and links between engagement and productivity, well-being, management, and all the other factors that drive business success, organizations need to ensure that they are gathering the right information. Finding the Right Metrics.

Developing a Talent Analytics Function: Build, Buy, or Borrow

Lighthouse

In the last eight months I have met with a variety of HR, talent, and learning leaders to understand more about how their organizations seek out, develop, and leverage these types of individuals. It can’t be static and based on a single snapshot in time, and that includes our discussion of talent analytics as well. One key element to making the run at talent analytics stick within the organization is to adopt a more evidence-based approach to HR.

What the Pandemic Revealed about Employee Well-being: An Interview with Author and i4cp Thought Leader Jeffrey Pfeffer (i4cp login required)

i4cp

In mid-2020, well into the COVID-19 pandemic, the Institute for Corporate Productivity (i4cp) partnered with Dr. Jeffrey Pfeffer on research to identify vital organizational stakeholders, their responsibilities, decision-making criteria, and other key aspects of the healthcare ecosystem.

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Sure, it doesn’t contain every single HR metric you could think of, but it represents some of the most important, and for most of the major HR functions. Without further ado, here is your list of 100 HR metrics and KPIs.

How an HR Operating Model Changes with Scale

Analytics in HR

If HR departments want to deliver excellence, they need to set up an effective HR operating model. In this article, we’ll look at how the HR operating model evolves in a rapidly scaling company that goes from 40 to 400 employees in just three years. Metrics.

Analytics Must Be HR’s Top Priority To Be Strategic

Visier

What could be more important than realizing that the world of HR is on the edge of a dramatic shift that will literally change the entire focus of HR? Unfortunately, HR leaders are frequently so busy that most haven’t found the time to realize that “The War For The Future of HR” is already over, and “data analytics” has won! The Business World Has Changed and HR Can’t Afford to Lag Behind. And that approach served HR executives well.

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. In 2018, HR metrics & analytics was deemed the least effective area of HR (out of 23 different areas which include headache topics like change management and workforce planning). The Foundations of Data-Driven HR. HR Analytics

Which Comes First, Economic Performance or Best in Class HR?

China Gorman

This year’s survey report, “ Creating People Advantage 2014-2015: How To Set Up Great HR Functions: Connect, Prioritize, Impact ” included responses from 3,507 people in 101 countries across industries such as industrial goods, consumer goods, and the public sector. 64 HR and non-HR executives from leading companies across the world were also surveyed. Key findings from the report included the following: HR capabilities correlate with economic performance.

HR Analytics – The “GPS” of True HR Transformation

Visier

Since the mid-1990s, the phrase, “HR transformation,” has been a part of HR’s common vernacular. In fact, it is so often-used some regard it as almost a form of HR “smart talk” – something that many talk about, but few really understand how to do. Given the frequency of use of both, it is critical to understand what HR transformation really is and the role workforce analytics plays in effective HR transformation. What is HR Transformation?

11 Actions to Consider from the SEC’s Mandate on Human Capital Disclosure (i4cp login required)

i4cp

It is clear from those conversations that – while some have increased disclosure of human capital metrics (e.g., An example is the September 2020 World Economic Forum white paper, Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting and Sustainable Value Creation.

Steal this People Analytics Leader Job Description!

Visier

You need the right People Analytics Leader in order to build an effective and strategic people analytics function. It could be Human Resources, Information Technology, HRIT, HR Operations, Talent Management, and even Organization Development–but ideally, in order to produce the most value to the business, they should report to a C-level position. He worked with Experian’s HR leadership team and business leaders to promote the use of data to support workforce decision-making.

Strategically Managing Manufacturing Skills Gaps With Learning Analytics

Visier

If you work in HR for the manufacturing sector, you may be wondering if your company should be following suit: By 2025, over 2 million manufacturing jobs could go unfilled. This kind of strategic planning can’t be accomplished with isolated metrics like learning completions or learner satisfaction scores. Instead, it requires a rich analysis of data from within and outside of the learning function, combined with a razor sharp focus on business goals and an eye towards the future.

7 Ways to Make the Shift From HR Pro to HR Leader

EmployeeConnect

While many CEOs think about their business as ‘People First’, a lot of HR professionals are still looking for their place at the executives’ table. However, only few are those business leaders who integrate the factor HR in their decision-making process. The HR function is confronted to the re-invention of organisational business models and is a witness of the irreversible demographic shift that is happening today.

Data Literacy: An Essential Skill for HR Professionals

Analytics in HR

If HR professionals want to stay relevant in the current and future business world, they need to be data literate. What exactly does data literacy mean in HR, why is it essential, and how can you develop your data literacy? Contents What is HR data literacy?

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Everything #HR Needs to Know About Machine Learning

HR Bartender

Walsh] In the last decade, HR professionals have seen the amount of data they oversee proliferate. All of these are use cases that HR professional have confronted for decades, but the growth of Big Data means machine learning tools are now capable and even needed to confront these familiar problems. A great HR example is around compliance auditing. The future for ML in the HR space is full of use cases that are ready to make this next leap in data driven innovation.

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The HR Value Chain: An Essential tool for Adding Value to HR

Analytics in HR

The question “What value does HR add to an organization?” In this article, I will discuss the HR value chain. Not only helps this tool to show the added value of HR, it also constitutes an excellent framework for people analytics. In fact, it helps analyze how HR contributes to business outcomes. The HR value chain in research. The HR value chain is a tool that shows how HR adds value to organizational goals. The HR value chain solves this problem.

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What Is An HR Business Partner? A Guide | CuteHR

CuteHR

Although HR business partnering roles back to the 1990s, the concept recently started gaining currency for its plethora of benefits. What is an HR Business Partner? With the complexity that comes with such a crucial position, the HR manager is often confused with HRBP.

The Optimal HR to Employee Ratio

Analytics in HR

The HR to employee ratio is a useful tool for assessing the optimum capacity of HR in an organization. In this article, we will look at what the HR to employee ratio is, list factors that will influence this ratio, and give a benchmark of the HR to staff ratio. Role of HR.

15 New Roles for the Future of Human Resources

EmployeeConnect

The era of transactional HR is not coming to a close but is rather shifting to encompass more strategic and relational activities in the HR function. Today’s HR professionals are becoming specialists who master new and traditional areas of the people department. Explore the 15 specialised HR profiles below and see what your next role could be in just a few years if not months! HR professionals with a people mover profile are natural influencers.

Getting Started with People Analytics

Namely

After reading the barrage of exciting developments in analytics within HR, it's easy to downplay our own company’s opportunity within the space. This can be one of the more misleading assumptions in the modern HR function. Adopting an internal strategy for People Analytics marks a key milestone in the evolution of HR. Bersin by Deloitte recently found that 56 percent of HR functions are still in a phase of reactive and operational reporting.

HR Benchmarking: All You Need to Know to Get Started

Analytics in HR

For HR professionals, it is no different. HR benchmarking helps make HR processes and policies at your organization more effective. Let’s look at what HR benchmarking is, why it’s useful, and what the best practices for HR benchmarking are. HR costs.

The 5 Universal Truths of Small Business Operations

Trainual

Margaret suggests starting with the high-level goal (sometimes referred to as your north star metrics) and letting it trickle down from there. As well as map out a vision for your company. Often, hiring and HR functions are the last place people invest in their business.

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

Visier

As a tech company, we experience first hand the challenges faced by HR and business leaders in the hyper-competitive tech talent market. As a result, innovative HR is needed to acquire, retain, and engage a global talent pool that is spoiled for choice to work in new startups or in multinational technology giants. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

The HR Leadership Revolution — Will You Thrive?

Visier

More than ever before, the business world needs strong HR leaders. A February 2015 study — conducted by Harris Poll on behalf of Visier — surveyed 301 corporate executives at companies with revenue of $1 billion or more across America and asked about sought-after HR leadership skills. 81% of executives say that when hiring new senior HR talent they value business acumen more than technical HR skills. Why The Talent Function is Under Pressure to Perform.

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10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

At first glance, senior HR executives might take that top ranking as a positive thing. As a result of being the top challenge for such a long period of time, it is clear that CEOs and board members fully understand the value of Human Capital, but they have also learned to expect a higher rate of strategic change than most HR functions have been able to deliver. Unfortunately, a study by AICPA revealed that only 12% of CEO’s were confident with Human Capital metrics.

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6 Books Every Human Resources Professional Should Read

HR Digest

The field of Human Resource is ever-changing, and it is essential for HR to keep themselves updated and abreast of the changes. As such, to keep them updated on every information today, we brought human resources books which should be a must-have for every HR professional.

Predictive Analytics in HR: The Game Changer

CakeHR

Predictive analytics in HR is one of the most recent key trends to follow in 2018 and there’s good reason for it – businesses need it, especially if they want to keep up with their competition! For those of you that are still asking the question ‘What is HR Analytics?’ let’s take it back to HR analytics…. HR analytics. Simply put, HR analytics is the data-driven approach to strategic planning by the Human Resources function. Predictive Analytics in HR.

Business Acumen for HR Professionals: Everything You Need To Know

Digital HR Tech

This skill is underdeveloped in HR. Indeed, 4 in 10 CHROs consider business acumen the most lacking skill in HR talent. So what is business acumen in HR, and how can you develop this competency? Contents What is business acumen in HR? What is business acumen in HR?

Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

The race to adopt people analytics is heating up: according to the Bersin by Deloitte HR Technology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”. But, as more and more HR organizations grow their analytics function, I’ve noticed that not all journeys are the same. The goal was to better enable HR and business leaders to make talent decisions that would have an impact on the business.

A Guide to HR for Small Businesses: How to Create Amazing Experiences for Your Employees

CakeHR

Meanwhile, 87% of professionals say a wellness policy is essential to them when considering new opportunities. The solution is a well-planned human resources (HR) strategy. Managing HR processes requires juggling many complexities. What is HR? 4⃣ General HR.