Employee Retention: Beyond Salary and Benefits

HR Topics

Retention is about more than just money. At the end of the day, you can put your money and attention toward employee retention or you can put it toward recruitment and turnover. The keys to employee #retention all center on mutual respect and meaningful work.

8 Things You Need to Fix to Increase Employee Retention

Linkedin Talent Blog

Recently, the Department of Labor reported that turnover is now at its highest level since 2008. Because a lot of executives don’t realize the tremendous cost of turnover: (e.g. Without data to understand problem areas and plan ahead, it’s no wonder retention efforts are failing.

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7 Ways HRMS Can Transform How Your HR Department

HR Morning

A typical day in HR is… anything but typical. If you haven’t heard about HRMS, now is the time to check out the technology that can streamline HR and help you take back your day. HRMS, HRIS and HCM are various acronyms used for comprehensive HR technology. HRMS has the most modules of any HR technology, but typically has fewer customizations and advanced features compared to specialized software that focuses on an individual module.

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. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

How HR software eases workforce management for the finance sector

Zoho People

That’s why the role of HR in the finance sector is huge. From recruiting skilled employees to improving talent retention, skilled HR professionals can go a long way toward improving the success of finance organizations. Improves employee retention.

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. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Top priorities for HR due diligence in a corporate transaction

Bersin with Deloitte

For organizations involved in a corporate transaction, understanding the HR-related impacts and potential risks from a financial, people/culture, and operational/structural perspective is vitally important to maximizing transaction value. Retention concerns. HR operations.

Rub a Little HR Tech On It

Essium HRM

And while we may not be talking broken bones and stitches, we deal with fines, lawsuits, turnover, loss of productivity, and financial consequences that affect a lot of people. PRODUCTIVITY Ultimately, today’s HR tech creates an expansion of productivity.

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. Without further ado, here is your list of 100 HR metrics and KPIs.

How to Turn Your Vision for Data-Driven HR into a Reality

Visier

Many HR professionals are bombarded with blog posts and emails reminding them that if they don’t do something about people analytics, then they are missing out. People analytics is a net new capability, and it’s hard to place a value on a service HR has never experienced before.

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Here’s why HRMS is essential for the retail sector

Zoho People

Unfortunately, the retail sector is facing several pressing HR challenges regarding retention, training, diversity, and more. The employee turnover rate among retail companies stands at 80%. This is where HR software can help immensely.

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. That is because we report mostly tactical metrics that focus on costs, rather than the strategic ones that cover HR areas that impact corporate revenue.

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?’ HR analytics.

4 Facts about ClearCompany’s New and Improved Employee Onboarding System

ClearCompany HRM

According to Bersin by Deloitte, 4% of new employees leave a job after a disastrous first day and 22% of staff turnovers occur in the first 45 days of employment. Deloitte observed that over 50% of HR professionals have not yet made their onboarding and HRM processes mobile friendly.

4 Ways AI is Shaping the Future of HR and Hiring in 2020

Zenefits

Artificial intelligence (AI) is a field of computer science that allows machines to mimic the “cognitive” functions of humans. While there are numerous applications of AI, here are 4 exciting ways that AI is shaping the future of HR and hiring for 2020. Reducing turnover.

People Analytics 101 with Josh Bersin

Cornerstone On Demand

For all of the business insights HR data promises to provide—predicting performance, boosting engagement, improving succession—there are as many questions about how to implement a data program in the first place. Why is the topic of analytics just now taking off for HR departments?

7 ways HR software benefits the IT sector

Zoho People

The service delivery capabilities of the IT sector solely depend on HR. Efficient HR management plays a huge role in creating a thriving workforce, which then drives organizational success. This steps up your people management process, improving employee engagement and retention.

HR Cares & FirstLight Home Care's Culture of Care

ClearCompany HRM

Every few months Louie will share his knowledge and advice on HR best practices gleaned from his career as a seasoned HR practitioner. My experience in HR has typically been one of positivity, productivity, creativity, innovation, and collaboration. Regular retention calls.

The Impact Of Machine Learning In HR

Get Hppy

Like all aspects of modern business, technology is changing the way we operate and function. One technology that is currently making great strides in streamlining and improving the function of HR is machine learning. Analytics and reporting on relevant HR data. HR Trends

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Why Extend HR Data to Business Leaders?

Visier

If your job is to run an HR function, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. The Democratization of HR Data.

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The HR Leadership Revolution — Will You Thrive?

Visier

More than ever before, the business world needs strong HR leaders. 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. So when HR works, it works.

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The ultimate guide to selecting a Human Resource Management System

Zoho People

A Human Resource Management System, commonly abbreviated as HRMS, is a software application that enables HR professionals to automate all essential HR operations, including onboarding, talent management, performance reviews, attendance tracking, and more. What is an HRMS?

3 Ways Your Small Business is Losing Money on HR

Stratus

If you’re doing any of the following, your company is likely spending more than required, but don’t worry — there are ways to reduce the costs of your small business’s HR and maybe gain a few other advantages, too. #1: A single job post can bring in hundreds of applications, but if you, your HR team or your managers are weeding through the stack yourself, you’re throwing away time, productivity, and ultimately, cash. You view HR as a set of tasks, not a resource.

This is What Talent Management Will Look Like By The Year 2018 — Are You Ready?

Visier

This explains why a focus on hiring and retaining key talent in the form of talent management has become a critical part of most organizations’ HR strategies. have people insights teams that are focused on creating business outcomes from a single view of an HR data ecosystem.

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. HR Can’t Become A High Business Impact Function Unless It Adds Analytic Capabilities. Recommended Read: The Value of HR Analytics: Why Every Company Should Be A Quantified Organization ].

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Insights from Sterling’s 4th Annual Healthcare and Life Sciences Summit (Day Two) – Part One

Sterling Check

Inclusion, engagement, and retention were at the crux of his conversation. When organizations do that, they see not only higher productivity, sales and profitability, but also lower patient safety incidents, absenteeism, and a reduction in turnover.

How to HR in a growing company – A guide for every size business

Insperity

When you first start a company, amid the excitement and many competing priorities, you may not be considering the vital role of human resources (HR) in growing a company. In a perfect world, all businesses would operate in strict accordance with the laws and best practices governing HR.

Human Resources Can Cost Your Small Business Big: Here’s 7 Areas Where Outsourcing Will Help

Prism HR

And when it comes to managing these complex, Human Resources (HR) functions in-house, the time, cost and potential risk add up fast. Ernst & Young found the average, single HR task or entry of data costs businesses $4.39 But there is a better, more cost-effective way for SMBs to face – and overcome – the hurdles of HR. Small businesses often apply the “roll up your sleeves and do it yourself” mentality to the management of HR programs.

Study: The ROI of Using a PEO

Stratus

According to a new study released in September of 2019 by the National Association of Professional Employer Organizations (NAPEO), businesses that outsource their HR services to a PEO (Professional Employer Organization) have an annual return on investment of 27.2%

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Why Extend HR Data to Business Leaders?

Visier

If your job is to run an HR function, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. The Democratization of HR Data.

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3 examples of how people analytics making HR data-driven

NGA Human Resources

Organizations no longer see people analytics as separate from HR, but as an integral part of HR. Data-savvy HR professionals are seen as key enablers and companies are increasingly investing in training them to become more data-driven. How HR made customers happy.

What You Need to Know About the Changing Function of HR

Reflektive

Make no mistake, this isn’t just a facelift from new tech tools that help HR professionals do their jobs. It’s a shift in the function of human resources. While traditionally HR focuses on benefits and compensation, overseeing employee engagement and retention, recruitment, diversity, workplace issues, or installing new processes under budget, the new function is a strategic business unit. Benefits of the New Approach to HR.

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HR State of the Union: 2017 Edition

UpstartHR

Every year I republish my “state of the HR union” article from previous years with new additions and edits as a challenge to each of you. It also allowed them to see how we might be able to help them and enable their success , a primary part of how I define successful HR.

Fire-Rehire Practices Particularly Inefficient in a Tight Talent Market

Lee Hecht Harrison

The person asking the question was a senior HR executive at one of our largest clients. The people fielding the question were all the senior members of the HR team. As a result, hiring and firing decisions are often made without effective collaboration across the HR expertise fields.

This is What Talent Management Will Look Like By The Year 2018 — Are You Ready?

Visier

This explains why a focus on hiring and retaining key talent in the form of talent management has become a critical part of most organizations’ HR strategies. have people insights teams that are focused on creating business outcomes from a single view of an HR data ecosystem.