INTERVIEW: Dr. Jac Fitz-enz on Human Capital Metrics

HR Bartender

In 1977, you founded the Saratoga Institute (SI), which is well-known for its work in human capital metrics. Is there a place in HR for both metrics and analytics? If they only had time to focus on a handful of metrics, which ones should they consider?

5 Exit Interview Metrics Your Business Should Be Tracking

HSD Metrics

In other words, you’ll want to ask the questions that generate trackable metrics (if for example, you’re assessing the effectiveness of a given manager, you might ask an employee to rate the manager’s performance on a sliding scale of 1 to 10).

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What to Do With Metrics

Compensation Cafe

Everywhere they turn these days Compensation practitioners are finding themselves bombarded by a repeated self-help message; you need to establish compensation metrics for your organization. If you’re collecting data for compensation metrics, congratulations. Use of Metrics.

Human Resources KPIs: An In-depth Explanation with Metrics & Examples

Analytics in HR

KPIs are strategic metrics. Only metrics that have a direct link with the organizational strategy can be called KPIs. Human Resources key performance indicators (HR KPIs) are metrics that are used to see how HR is contributing to the rest of the organization.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. That’s why today’s software applications for measuring key performance metrics are so valuable.

Hire-to-Retire – Rethinking HR with Oracle HCM Cloud

Oracle HCM - Modern HR in the Cloud

The answer : focus on the hire-to-retire lifecycle. Given the breadth of the hire-to-retire lifecycle, HR teams now play a much bigger and strategic business role in any enterprise organization. Oracle HCM Cloud Offers the Hire-to-Retire Functionality for the Modern Digital Enterprise.

Remote Workforce NPS: The Most Important Metric You’re Missing

ConnecTeam

There are so many different metrics and acronyms, you’re forgiven if you don’t recognize this one. NPS may be the one metric you’ve never heard of that meets the speed and flexibility of the modern workforce. Rather than complex survey data stuck in lengthy analysis at corporate headquarters, this is a metric designed for frontline teams to prioritize issues and act. The post Remote Workforce NPS: The Most Important Metric You’re Missing appeared first on Connecteam.

A Comprehensive Guide to Building a Talent Management Process

Digital HR Tech

In our article on talent management metrics , we mention a number of critical recruitment and selection metrics you may want to check out! Whether someone moves on because they are looking for a different challenge, or they retire, at some point you have to say goodbye.

Bridging the Generational Gap between Employees

HSD Metrics

Having several generations working together is extremely common, especially as more individuals find themselves having to work well beyond the typical retirement age. The post Bridging the Generational Gap between Employees appeared first on HSD Metrics.

The New workforce Analytics and Business Performance

New to HR

HR Technology Big Data HR HR MetricsAnalytic data is allowing the human resources function to more accurately measure their successes, formulate effective strategies for future human capital development and justify the implementations of new policies and practices. The existence of easily accessible data is transforming business performance, leaving less room for error and guesswork and more space for educated predictions of business and talent progression within the company.

Using Data to Link Talent Decisions to Business (Webinar)

TalentCulture

Let’s take a deep dive into a few HR metrics that truly matter to the business (and these are just a handful). Let me also acknowledge that these metrics don’t just magically bubble to the surface. In fact, be sure not to flaunt it in front of a retired HR pro.

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How To Build a Successful Mentoring Program

HR Bartender

The Boomer generation is planning to leave the workforce (or at least transition to part-time or semi-retirement). One last thing to consider is developing the metrics for evaluating the mentoring program. So the metrics should correspond to those goals.

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The Questions Leaders Ask When Great Talent Leaves

The Tim Sackett Project

Plus, demographics are playing into the job seekers favor with so many people retiring. This happens all the time, especially in organizations that segment and track turnover by performance and hold managers accountable to this metric. Communication Culture Feedback Hiring HR Department of One Leadership Metrics Performance Retention SHRM The HR Rules Trench HR TurnoverEmployee Turnover is a major problem in the majority of organizations, and it’s going to get worse.

Maximizing Team Performance with Workforce Planning

New to HR

The Schaefer Center for Public Policy published a study into the depths of workforce planning, and suggests some general areas of assessment when formulating your plan, including estimating the number of employees in “ mission-critical functions ” who may retire in the next five years, the turnover of new hires and their potential to succeed to management roles, survey results detailing intentions to stay with the company and current training expenditures and assessment plans for managers.

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate.

Is Your Average Cost-Per-Hire $4100? @SHRM

The Tim Sackett Project

SHRM Released their Human Capital Benchmark Report this past week and it’s loaded with a ton of metrics to compare your HR and TA operations against. Taken out of context this metric is meaningless. It’s the one thing I know actually helps in retention, as those who participate in your retirement plan are less likely to leave your organization and have a longer tenure on average. Data Analytics Metrics SHRM Trench HR

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate.

Recruiters, Adopt an Infinite Mindset In 2020

Cornerstone On Demand

Yep, according to yesterday’s metrics. Meanwhile, the Baby Boomer brain drain will continue unabated as nearly all of them will have retired, creating skilled worker shortages that will live on for the foreseeable future.

Strategically Managing Manufacturing Skills Gaps With Learning Analytics

Visier

A shrinking pool of workers with advanced manufacturing skills, along with baby boomer retirements, is contributing to this major talent shortfall. This kind of strategic planning can’t be accomplished with isolated metrics like learning completions or learner satisfaction scores.

How to Make Your Government Organization a Better Place to Work

Cornerstone On Demand

A career in the public sector offers employees an opportunity to make a difference while providing competitive benefits like vacation time, retirement and pension plans. There are numerous reasons to work for the federal government.

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ICYMI: What We Learned at SHRM 2019

Cornerstone On Demand

For example, hiring older workers who are typically considered “overqualified" or “too close to retirement" can create a multi-generational workforce that offers different types of viewpoints, mentorship opportunities and a healthy exchange of ideas that you won't see in an office of all millennials.

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How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. These metrics help you accomplish this task: Resignation Rate.

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

Referrals may fill some open headcount but not enough to replace retiring drivers. Metrics-Based Recognition. The most objective way to answer that question is a consistent set of metrics. You can then rank your drivers by any of these metrics.

Hiring Costs Trending Up - Why That's Important

Hoops

The costs of hiring employees is an important metric for businesses to track. As costs to hire increase, it’s critical to find the best candidates available, to keep them invested in the hiring process, and to keep employees engaged from recruitment to retirement.

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Hiring Costs Trending Up - Why That's Important

Hoops

The costs of hiring employees is an important metric for businesses to track. As costs to hire increase, it’s critical to find the best candidates available, to keep them invested in the hiring process, and to keep employees engaged from recruitment to retirement.

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How to Choose a Small Business 401(k) Provider

Guideline

The race for talent, coupled with the fact over 90 percent of employees expect retirement benefits, has created a crowded market of 401(k) providers, consultants, and technology platforms. Learn more > Retirement benefits come at a cost—not just to companies, but to their employees.

International Women’s Day: Addressing Gender Pay Equity

Ultimate Software

But while it’s easier to rationalize away the uncontrolled gender pay gap because it’s not “equal work,” what the uncontrolled metric really reveals is that, due to a variety of structural and societal barriers, women are significantly less likely to hold high-level, high-paying jobs.

How to Create a Data-Driven Employee Retention Plan in 10 minutes

Visier

Begin by ensuring your resignation rate is calculated using the same metric by all departments and locations. Is a large portion of your workforce reaching retirement age? Solving employee turnover and retention is hard.

Recruiting Trends 2020 Report: Predictions for the Year Ahead

Yello

Less than 1 in 4 recruiters say that key metrics are available to everyone on their HR team. “Worktirement” will replace retirement. This crisis has led to multiple financial fears: never being able to retire, always living paycheck to paycheck, and living in debt forever.

Closing the Loop: Linking Workforce Planning, Analytics, and Hiring

Visier

We often talk about the employee lifecycle , the “recruit to retire” journey of an individual through multiple human capital processes. Find ways to visualize data and make it meaningful to business users, without overwhelming them with HR facing metrics.

7 Intriguing Employee Engagement Trends for 2019

15Five

With more Boomers retiring each year, millennials are on track to make up 75 percent of the workforce by 2030 and continue to heavily influence employee engagement trends. Data can be a valuable metric, but the feedback/engagement connection is also intuitive.

Improve Your Company Culture Using Data

Visier

When performing your analysis, remember not to report solely on single metrics as these won’t tell the whole story. Combine this qualitative information with your other metrics in order to find the right solution that will positively impact and change turnover.

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4 Do’s and Don’ts of Implementing HR Data Science into Your Business

HR Daily Advisor

Though it is still in the process of being more widely accepted, understood, and used, the HR metric trend seems to be here to stay as an HR-related business strategy. Calculating this metric is a simple equation of total revenue divided by total number of employees.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them. Here are a few demographic metrics you should be monitoring: 1. Metric to watch: Diversity of interviewed candidates.

How to Use Technology to Improve the Employee Experience

Ultimate Software

Employee Experience and Employee Engagement Gallup began tracking employee engagement back in early 2000, and employers have been hyper-focused on improving this metric ever since.

Mending the Gap: Overcoming Understaffing

DATIS

As the Baby Boomer Generation approaches the traditional retirement age, keeping a fully staffed Health and Human Service Organization is becoming a top priority throughout the country. Along with this, Healthcare professionals are beginning to retire at earlier ages and the industry as a whole is experiencing high turnover rates with its younger workers.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

As Baby Boomers retire, the need to shape younger workers to fill available management roles grows stronger. Key Metrics. Satisfaction – An amalgam of factors including the above, employee satisfaction can be the hardest but most critical metric to consider.