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

CakeHR

What are Human Resource Metrics? 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. HR metrics are priceless and most modern HR programs can help you seamlessly integrate these into your day to day HR functions. Why HR Metrics are Important? HR metrics can help a company focus its resources on what’s more important. Don’t know which metric to use?

The Payroll Performance Metrics You Need to Track

BambooHR

As management legend Peter Drucker once said, “If you can’t measure it, you can’t improve it.” This philosophy has grown into an essential tenet of. Benefits & Comp

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Current Quality of Hire Metrics and Hiring Managers

Survale

A recent study by ATS Vendor Jobvite reveals that current quality of hire metrics are the most important metrics for recruiters today. A full 31% identified current quality of hire metrics as a top performance indicator, followed by retention rate at 23%, time to hire at 21% with cost per hire bringing up the rear at 7%. Right off the bat, retention rate should be a part of all current quality of hire metrics. So what are typical quality of hire metrics?

Cost-per-hire metrics, demystified

Workable

Cost-per-hire (CPH) is one of the most intriguing recruiting metrics. Were on payroll as temporary staff and promoted into a full-time position. Have fixed term contracts of more than a year and are on the company’s payroll. Employees who are on a third party’s payroll. SHRM and ANSI define this additional cost-per-hire metric. This metric can be more useful than CPH. Companies that use this metric consistently, have its one great advantage in mind.

Global Payroll Q & A with George Delaney, CFO Immedis

Immedis

As CFO, what are your payroll/workforce planning pain points? What factors do you consider as critical when you review payroll strategy? When planning, what tools do you leverage to best capture the payroll and workforce planning models?

Quality of Hire: So Much More Than a Metric

ClearCompany HRM

Despite the booming HR tech industry and advances in HR management, bad hires, low performers and toxic employees somehow make their way onto the payroll and wreak havoc on company resources. Maintaining a competitive advantage in this marketplace can be challenging. That’s where. Quality of Hire. comes in, but defining the term and having the means to measure it don’t come easy. Quality of Hire

What a Career in Global Payroll has Taught Me About Customer Service

Immedis

Simply put, I believe that the people, culture, technology, and vision of Immedis will transform the lives of global payroll professionals and continue to drive the industry forward. However, by sheer fate, I came upon a global payroll company, and my background fit perfectly.

The Best Way to Process Payroll [Updated for 2020]

SwipeClock

Payroll is one of the most important processes to handle correctly. Learn to Process Payroll Efficiently and Legally. We’ve created a comprehensive 5-part payroll processing guide to help you. How Payroll Processing Works. Best Practices For Processing Payroll. How To Avoid The Top 6 Payroll Mistakes. What To Do If You Can’t Make Payroll. 5 Important Things to Know About Payroll in 2020. How Payroll Processing Works.

3 HR Metrics That Matter

Zenefits

I asked human resources experts to weigh in on the HR metrics that matter most, and why. #1 L uckily, there are many convenient productivity measures, says Langbert, who adds that these measures may combine using HR metrics with other analytics, such as sales. For instance, Scanlon gainsharing plans measure productivity by taking the ratio of total payroll cost to the sales value of production,” he explains. The post 3 HR Metrics That Matter appeared first on Zenefits Blog.

Learning Opportunity: FREE #HR and #Payroll eSymposium

HR Bartender

That’s why I wanted to share with you some information about an upcoming event dedicated to HR and payroll professional development. Agenda: Kronos HR & Payroll eSymposium. Our friends at Kronos are hosting an HR & Payroll eSymposium on Wednesday, November 14, 2018 from 10 a.m. The eSymposium is designed to bring HR and payroll pros education on the topics we deal with most. It allows HR to learn more about payroll and vice versa.

U.S. Adds 661,000 Jobs; Unemployment Rate Drops

SHRM Resources

payrolls increased by 661,000 in September, less than what was expected, as the pace of rehiring has slowed and more layoffs are expected. Economic Trend Analysis Labor Market Data Talent Acquisition Metrics and Analytics

Increase Employee Engagement with Automated Payroll and Onboarding

Hireology

Keep Employees Engaged Early on Through Automated Payroll and Onboarding. Below, we’ve pulled together several ways to tap into automated payroll and onboarding to increase employee engagement. Paperless onboarding through a hiring and talent management platform can include signing the employee handbook, filling out direct deposit information for automated payroll, completing tax forms, and filling out benefits paperwork. Blog Payroll

Metrics You Should Know – Cost-Per-Hire And Cost-Per-Attrition

Entelo

As any data-driven recruitment team knows, if you aren’t tracking key hiring metrics then you have little power to improve them. From time-to-hire, to engagement metrics and candidate satisfaction scores, to funnel conversions and drop-off metrics, the data you collect can tell you a lot about the areas of your hiring process in need of some attention. Your cost-of-hire metric is exactly what it sounds like: the total costs you incur to make one hire.

Three Ways Metrics Can Help Avoid Common Compliance Mistakes

Cornerstone On Demand - Talent Management

Too many firms treat compliance as a box-checking exercise, making employees sit through training to attest that they understand the rules, but failing to assess the effectiveness of their compliance programs, or doing so with faulty metrics," the HBR report states. Below, he shares the most common compliance mistakes organizations make—and the metrics that can help avoid them.

Are You Asking the Right Questions to Evaluate Your Payroll System?

Hireology

Most businesses reevaluate their payroll systems every few years to determine if the system is meeting their needs and expectations. When reviewing your payroll system – and debating whether or not it’s time to switch to a new provider – it’s important to keep in mind that payroll is about far more than paying employees. The next time you’re evaluating your payroll system, ask yourself the following questions to see if your current system works for your business.

Key Metrics Your HRMS should be measuring

Unicorn HRO

Such software can help HR staff perform a variety of functions, from benefits administration to payroll, as well as recruiting and job training; all in one package. Below are some metrics your HRMS should be measuring. Performance metrics can allow HR staff to look at the work their best employees have been doing and use this information to see if these employees are properly compensated.

1% of Payroll: The Magic Number For Social Recognition Investment

WorkHuman

Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll. Companies that make this level of investment are nearly three times as likely to rate their program as excellent, compared to companies that invest less than 1% of payroll. 1% of Payroll: The Magic Number for Social Recognition Investment Click To Tweet.

1.4 Million Jobs Gained in August; Unemployment Rate Falls to 8 Percent

SHRM Resources

payrolls increased by 1.4 Labor Market Data Critical Evaluation Talent Acquisition Metrics and Analyticsmillion in August, about what was expected, as the pace of rehiring has slowed and layoffs continue. The unemployment rate fell to 8.4 percent from 10.2

Five great places to start analyzing payroll data

Sage HRMS

Benoit Gruber, VP, global product marketing at Sage, shares five unexpected places to look when examining your payroll data. Payroll is a vital source of data in your business and has the potential to have an immediate financial benefit. Businesses are required by law to keep live payroll information, so there is no chance of your making decisions based on old news. With these numbers, you can build other metrics into your analysis such as a return on investment (ROI).

Introducing Insights: User-Friendly Reporting & Analytics To Unlock Your Hiring Metrics

Hireology

Hireology is excited to announce its latest feature: Insights – easy-to-understand reporting that provides clear visibility into hiring metrics, highlighting points of strength and weakness in the hiring process. Payroll – How long does it take my sales hires to become profitable?

HR Metrics Cheat Sheet

Paycor

The answers to HR’s most pressing business problems—everything from troubleshooting a recruiting pipeline to predicting labor costs, overtime and turnover—are in their company’s HR, payroll, ATS and time systems. Paycor reviewed proprietary data from nearly 3,000 customers and found that many standard HR and recruiting metrics are tactical, in that they track project management, or, at most, basic dollar-in, dollar-out cost analysis.

Why You Shouldn’t Run Your Payroll Through Your Dealership Management System

Hireology

Using a DMS for payroll and talent management often requires time intensive workflows to pay employees, administer benefits and run other HR processes. Rather than relying on your DMS as an HR tool, leave it to what it’s best at – tracking critical business metrics to help improve sales and customer service. By using your DMS to run payroll, you may not even be aware of how many other systems you use for various HR processes.

Webinar: Industry Spotlight: Higher Education - People Management and Labor Metrics that every CFO and President should know

Paycor

Paycor reviewed proprietary data from nearly 4,000 customers to identify key metrics that uncover opportunities to lower your labor costs and increase the productivity of your people. Identify key metrics that can be tracked and benchmarked for improved performance. Dean Bishop, Paycor’s ABACC Relationship Manager, will analyze the critical labor and people management metrics that matter to you and your executive peers.

What Can You Do to Improve Your Payroll Process Using HCM Technology?

Synchr

Improving your payroll process may be an ongoing endeavor, but a cloud-based HCM platform will allow your finance team to begin progressing almost immediately. Integral features like fully-automated, non-linear and retroactive payroll calculations, and the distinction of people versus position add nuance and provide insight into the inner workings of people-related accounting. The post What Can You Do to Improve Your Payroll Process Using HCM Technology?

January Jobs Gains Kick the Year Off with a Bang

SHRM Resources

Payroll additions exceeded the 158,000 new jobs that were expected by economists, and when considered against an unemployment rate holding at a 50-year low, the report shows the economy still has room to grow even in a tight labor market."The Labor Market Data Critical Evaluation Talent Acquisition Metrics and AnalyticsEmployers in the U.S. added 225,000 new jobs in January, according to the latest Bureau of Labor Statistics report.

Where to Start with Global Payroll Reporting?

NGA Human Resources

A stated aim of many global payroll projects is to (finally) be able to benefit from global reporting, yet many organizations find it hard to articulate what this mythical benefit actually should look like. Conceptually, it is understood that a global payroll solution should deliver greater insight via reports such as labor cost, headcount and turnover. However, what specifically should be demanded and expected from a global payroll vendor?

HR Analytics for Better Data-Driven Decisions

SutiHR

HR analytics make data accessible to HR professionals; whether they require the latest information on time and attendance to streamline the scheduling process or a payroll report to address issues. HR Human Resources Analytics in HR Data-Driven Decision-Making in HR HR Data Analytics HR Metrics & AnalyticsPeople analytics can provide HR teams with better data collection, reporting, and the information required to make data-driven business decisions.

Data Conversion Essentials

HRchitect

It can be a nightmare for any organization going through an implementation of a new HRIS and payroll system; however, with some preparation and analysis, this process can become a bit easier. If you are implementing a new payroll system, you will want to make sure you are also mapping your earning and deduction codes from your legacy system to the new system. Operate both systems in parallel for a few payrolls to verify and compare the two systems are in balance before going live.

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Survey Says…

HRO Today

Finding the Right Metrics. We find there are several key performance metrics that we can measure that are direct indicators on how our employee engagement efforts are doing—all of which are tied to our corporate goals,” says Pryor. Team-specific issues in recruitment, on-boarding, training, mobility, diversity, communications, payroll and benefits, leadership, and change management can then be addressed quickly and efficiently.

Stop Wasting Time Measuring HR Data

UpstartHR

You’re hitting up your applicant tracking system, payroll system, and other data feeds to get what you want. Payroll: what is more valuable to the organization, calculating how many zip codes employees live in or calculating how many have benefits and how that number trends over time? General MetricsPlease. For goodness sake, please stop measuring HR data. See, I know why you’re doing it.

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How to Help Your Clients Find Metrics that Matter

Paycor

After reviewing proprietary data from nearly 3,000 Paycor clients, we found the most successful HR teams map people management metrics to business outcomes. As a trusted advisor, encourage your clients and CFOs to help their HR teams become more data-driven and track metrics by asking a few simple questions. And if their HR & Payroll platform is incapable of giving them answers (as well as explaining the “why” behind the “what”), maybe it’s time they switch to a new provider.

Is Collecting the Data Taking Too Long? Here’s Help

TLNT: The Business of HR

Although a handful of showcase organizations have moved to one fully integrated enterprise suite, with HR, payroll, talent and financials all on a common platform, most are still dependent on a variety of disparate systems; this makes even ordinary reporting tasks a regular headache. Future of HR HR Insights HR Management HR Trends analysis Data Featured metrics

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On-Demand In Demand

HRO Today

Today’s technology developments can improve the ease and efficiency of payroll and rewards processes. Payroll is just another reflection of this as businesses work to accommodate human beings’ insatiable need for instant information.”. With instant access to payroll information, employees can access this information at any time throughout the month and at the click of a finger,” says Robinson. “It

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Time and Attendance and Payroll at APA Fall Forum

SumTotal

Demystifying the Complexities and Compliance Issues Associated with Processing Time and Attendance and Payroll. I recently had the opportunity to attend the American Payroll Association Fall Forum in Orlando. This was a small but very well run and informative conference focused on current issues and trends in time and attendance and payroll processing. 2) Big Data is coming to Payroll and Time & Attendance! 3) Global time and payroll processing.

The 4 Metrics You Need to Gauge Employee Performance

Namely

However, the 2014 Global Assessment Trends Report from CEB found only half of respondents use talent metrics to prove ROI, and only 45 percent currently use objective measures of potential to guide development and succession plans. But where employee performance metrics are concerned, less is more. In an effort to accurately gauge the performance level of your employees, consider scaling down from too many subpar measurements to these four tried-and-true talent metrics: 1.

Putting Service Reliability and Assurance First for our Global HR & Payroll Clients

NGA Human Resources

Metrics are frequently defined at the local team level, making it difficult to compare similar services provided by similar teams, or even single teams supporting multiple clients. Highly visible metrics The digital display boards (DDBs) allow all supporting team members to review critical metrics daily. The most important metrics for gauging the successfulness of the team are listed here.

Quantifying Company Culture

Collage

We spoke with her to learn how she thinks product development can inform people and culture and why HR metrics truly matter. __. One of the most talked-about topics in HR today is the need for metrics and quantification. In our conversation, Elisha shared her in-depth process for tracking and analyzing HR metrics, a recent case study, and her greatest HR goals and challenges. How do you determine which strategies or metrics are most important?

5 Ways to Decrease Administrative Time at Your Home Healthcare Agency

Hireology

All payroll software is not created equal. While some payroll platforms solely provide your employees with a paycheck, there’s so many more capabilities and features that can decrease the administrative burden that’s often associated with payroll and HR tasks. And if you’re looking for a deeper dive into the payroll purchasing process, you can read our Payroll Buyer’s Guide here. Gauge Success With Metrics.

7 Ways HRMS Can Transform How Your HR Department

HR Morning

And on top of it all, you still have to answer questions about payroll and keep up with compliance reporting. A human resource management system (HRMS) integrates all of the core and strategic HR functions into one solution, improves recruiting, offers a self-service portal, automates data entry and administrative processes, streamlines information in a central database, reduces payroll and compliance errors, and facilitates data-driven strategies.

6 Ways Big Data Will Change HR

Aberdeen HCM Essentials

Performance metrics have been one of the most widely adopted uses of big data for HR and are used to improve workplace conditions and facilitate optimal performance by teams. Being able to look at metrics and analytics in a company-wide spectrum aids in the management/improvement of employee training and development in a significant way. HCM Essentials enterprise resource planning ERP HR software hris hris systems payroll programs payroll software

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