Analytics in HR

FEBRUARY 28, 2024

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Contents What is HR analytics? What is HR analytics used for? We discuss more real-life examples below.

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HR Planning Analytics HR Software Hiring Software 124

HR Digest

JANUARY 12, 2024

“As Baby Boomers and Gen Xers get closer to the ends of their careers, we’ll see a bigger emphasis from employees and employers on financial wellness and retirement preparedness. In 2024, financial wellness will be front and center as employers take a more active role in ensuring their employees are financially prepared to retire.

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Analytics in HR

MARCH 16, 2023

This is essential because employees are promoted, retire, and move companies all the time, so you need a solid strategy in place to ensure your business-critical roles are always filled with qualified people who will succeed in their job. Who is likely to be promoted, retire, be made redundant or exit the business over the next year?

AI Recruiting 140

AI Recruiting HR Software Strategy Hiring Software 140

Analytics in HR

JULY 26, 2022

Headcount report usually has information on every employee relating to: Job status (active or inactive) Job title Schedule status (part-time, full-time, contract) Time in role / tenure Salary Exemption status (exempt or non-exempt from receiving OT pay) Age Gender Ethnicity Education level Location Retirement age Veteran status.

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Analytics in HR

MAY 29, 2024

Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range. HR term example: “Examples of ageism in the workplace include marginalization, reduced training opportunities, (semi) forced retirement, and unequal pay.”

COMPAS 99

COMPAS HR Software HR Planning Hiring Software 99

Analytics in HR

NOVEMBER 2, 2022

Efficiency metrics that HR has traditionally tracked fall under the descriptive analytics category. An uptick in activity surrounding retirement planning or medical and family leave policies can lead to staffing recommendations that will address departures and long-term absences. Descriptive analytics examples.

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Analytics in HR

JUNE 30, 2023

A key metric to track during this phase is the offer acceptance rate , which is the percentage of accepted offers divided by the total number of offers made. However, it’s important to note that these analytics are only of benefit when the teams understand the data points and metrics they need to collect and measure and why.

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15Five

JULY 10, 2024

Overall job satisfaction is at one of its lowest points in 16 years Gallup’s yearly employee engagement survey tracks several metrics around engagement, including overall job satisfaction. Now that we’ve covered the ins and outs of job satisfaction, let’s cover some important stats.

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Hiring Software Survey Employee Engagement Trends 130

Analytics in HR

JUNE 19, 2023

Forecasting is also used to determine shifts in the labor market, turnover rates, and retirement projections to help businesses identify what skills they will need in the long term. For instance, if the head of marketing plans to retire next year, a new candidate must be identified and trained for the role.

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Planning Tools Talent Experience Hiring Software Recruiting Software 105

Analytics in HR

SEPTEMBER 7, 2023

HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits. HR analytics : HR gathers and analyzes employee data related to employee performance, engagement, turnover, and other relevant metrics to make strategic decisions.

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HR Planning Hiring Software Resources Background screening 119

HRExecutive

JUNE 6, 2023

A self-described “numbers and analytics person,” Riddle got to use those skills during a crash course on retirement plan management in a college internship at a Washington, D.C., nonprofit. “I Click here to read more HR leadership stories.

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Staffing Software HR Software Hiring Software Recruiting Software 104

Hire Road

JANUARY 22, 2024

Authentic, data-driven people analytics goes beyond the basic metrics you might pull from your ATS, HCM, or HRIS systems. These insights serve as the bedrock of effective workforce planning, highlighting issues such as looming retirements or high turnover rates among younger employees. So how does it work? The real game-changer?

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Planning Tools Workforce Planning HR Software Staffing Software 64

Vantage Circle

JANUARY 18, 2023

This includes resignations, layoffs, retirement, termination, transfers, or deaths. Basically, it includes any reason of exit other than natural causes such as retirement. Did you know employee turnover rate is more than a significant and widely used HR metric? Why to Calculate Employee Turnover Rate at All?

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Retention and Turnover HR Planning Hiring Software How To 91

HiBob

AUGUST 8, 2022

This is essentially the opposite of attrition metrics, which measure the percentage of employees who leave the company. The truth is that retention is a complex metric that, on its own, doesn’t tell us all that much about organizational health. It can often be inevitable due to retirement, layoffs, and resignations.

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Metrics Retention and Turnover Hiring Software HR Software 148

Analytics in HR

MAY 10, 2023

They establish metrics that align with the plan and provide regular feedback, facilitating employee improvement and contributing to achieving the company’s objectives. They ensure that employees receive the benefits they’re entitled to, including health insurance, retirement plans, and vacation time.

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Analytics in HR

JULY 10, 2023

Performance management : HR managers facilitate performance evaluations, establish performance goals and metrics, provide feedback, and implement performance improvement plans when necessary. – Presented information and guidance to employees on benefits, insurance, and retirement plans.

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Careerminds

NOVEMBER 27, 2024

Organizations need to be prepared for any massive shifts in employee skills, characteristics, or large exits like the retirement of baby boomer employees. Watch Your Metrics We can’t say it enough. People will leave, be promoted, or retire. There is nothing more measurable than cold, hard stats. The market may have a hiccup.

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Workforce Planning Planning Tools HR Planning Hiring Software 52

Analytics in HR

FEBRUARY 15, 2022

Projections are made based on turnover rates—the number of resignations, retirements, promotions, and terminations that have occurred so far—to help inform how this will affect the future workforce. Metrics such as productivity levels and undesired behaviors of ill-suited employees can be tracked. Improve company culture.

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Dr. John Sullivan

MAY 19, 2024

Most HR metrics are “so what metrics” because they don’t create a sense of urgency or drive action. In direct contrast, the metrics recommended here have been proven to spur action because they allow managers to easily see performance trendlines, what actions must be taken, and what problems are coming.

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Metrics HR Software AI Recruiting Retention and Turnover 109

HR Lineup

SEPTEMBER 24, 2024

Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The Stages of the Hire-to-Retire (HTR) Process HTR involves several stages that align with an employee’s career trajectory.

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Analytics in HR

SEPTEMBER 12, 2024

Aiding in risk management Properly aligned workforce planning helps organizations anticipate and mitigate potential workforce-related risks, such as retirements, turnover in critical roles, or labor market shifts. Finally, outline a development plan for candidates, set performance metrics and KPIs, and establish a monitoring process.

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Workforce Planning Planning Tools HR Software HR Planning 52

15Five

JANUARY 11, 2023

Retirement. When an employee retires, or a specific job is eliminated due to automation or some other industry or business change, this is typically not a major financial concern and can actually reduce short-term costs in many cases. When an employee leaves a company because of a natural event or process, this is considered attrition.

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15Five

JANUARY 23, 2024

Key Metrics for Calculating Turnover To calculate a simple turnover rate, you only need two figures: Employee departures: The number of employees that left within the period you’re calculating for. With just a few metrics, a bit of data, and a simple formula, you can calculate exactly how much of your workforce heads out the door every year.

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Retention and Turnover Hiring Software How To Onboarding Software 291

Vantage Circle

DECEMBER 19, 2023

Companies with data-driven PeopleOps teams use a range of metrics to gauge their success in retaining their workforce. This article explores these employee retention metrics. We’ll look at key metrics to track, as well as calculations, best practices, case studies, and more. What are Employee Retention Metrics?

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Metrics Hiring Software Retention and Turnover Assessment Software 98

HiBob

SEPTEMBER 18, 2024

HiBob HR leaders use HiBob’s powerful enterprise HR software, Bob , to manage all aspects of the employee lifecycle —from recruitment to retirement—within a single, user-friendly platform. Prospective users are encouraged to conduct their own research to make the best decision for their organization.

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Analytics in HR

MARCH 31, 2023

The researchers found that if a store’s employee experience metrics progressed from the bottom quartile to the top one, its revenue would increase by more than 50%, with profits improving almost as much. Celebrate milestones, new roles, promotions, and even retirements with private acknowledgments or public recognition events.

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HR Software Hiring Software Onboarding Software Staffing Software 119

Analytics in HR

JULY 31, 2023

As a department, it is responsible for managing HR activities from recruitment and onboarding, compensation and benefits, learning and development, performance management, and employee relations to separation or retirement. It includes reviewing organizational and HR metrics to measure HR initiatives’ effectiveness on business results.

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Hire Road

SEPTEMBER 5, 2024

Identify growth opportunities and potential skills gaps, in addition to determining how retirements and promotions will impact your staffing levels. Establish and Track Key Metrics Finally, you need to identify metrics that will reveal how effective your talent acquisition efforts are. But don’t stop there.

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15Five

JANUARY 18, 2024

But tracking, managing, and lowering this metric isn’t as simple as it seems. Other types of turnover include: Involuntary turnover Voluntary turnover Avoidable turnover Healthy turnover Retirement Whether you include them in your turnover rate depends on what you’re trying to calculate.

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Hiring Software Retention and Turnover Onboarding Software HR Software 246

HR Bartender

APRIL 21, 2015

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. Organizations are facing some unique challenges when it comes to talent.

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Visier

DECEMBER 14, 2017

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. Impact on Business Metrics. Senior managers?

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

Visier

SEPTEMBER 30, 2016

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. Impact on Business Metrics. Senior managers?

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

Visier

MAY 9, 2018

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. Which employees are likely to leave?

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Compliance Training Analytics Onboarding Software HR Software 153

Visier

OCTOBER 20, 2021

Visier makes it possible to look at your overall turnover rate, and how it’s broken down by exit type: resignation, involuntary turnover, and retirement. Read more on using people analytics to find out why employees exit: 11 Key Metrics to Know for Retaining Your Employees The Big Quit: Who’s Leaving and Where Are They Going?

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Visier Hiring Software Planning Tools Analytics 221

Analytics in HR

DECEMBER 8, 2023

As explored in our HR Metrics & Dashboarding Certificate Program , the goal of strategic workforce planning is to have a workforce with the right size, shape, cost, and agility. From this cumulative data, you can calculate, analyze, and report on HR metrics. It is conducted by HR but led by business and HR leaders.

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Ask a Manager

MARCH 23, 2023

What would the PIP metrics even be — don’t lie? My coworker blew up at me when I asked about documenting her job before she retired I read this post about ageism and it got me thinking about a past experience when I was explicitly hired on a contract to document, improve, and create processes for a one-person team at a small organization.

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MP Wired For HR

OCTOBER 17, 2024

Upcoming Retirements: Identify employees nearing retirement age and plan for knowledge transfer. Metrics and Predictive Analytics Incorporate metrics and predictive analytics to forecast potential turnover, skill shortages, and growth areas.

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