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. Fitz-enz] I first became involved with HR, then called personnel and training, in 1969. Is there a place in HR for both metrics and analytics?

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).

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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


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.

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.

How To 472

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


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. Oh, and you can also use it for punch clocks, training, chats and all that.

Using Employee Feedback Data to Train the Next Generation of Management


As Baby Boomers retire, the need to shape younger workers to fill available management roles grows stronger. Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. Key Metrics.

A Comprehensive Guide to Building a Talent Management Process

Digital HR Tech

When employees feel like they’re being heard, challenged and trained (among other things), there is a big chance they’ll feel satisfied with their job and the company they work for. Learning and development, or training, has the same purpose.

Expert’s Top Tips for Training a Retail Workforce for the Holiday Season


For employers, this volume of new workers presents significant hiring, onboarding and training challenges. When onboarding for seasonal hires, adjust to specific roles and responsibilities but still include training in culture, vision, and company standards.

Using Data to Link Talent Decisions to Business (Webinar)


We all know that talent acquisition, training and onboarding is time consuming and expensive. Let’s take a deep dive into a few HR metrics that truly matter to the business (and these are just a handful). In fact, be sure not to flaunt it in front of a retired HR pro.

Data 79

The New workforce Analytics and Business Performance

New to HR

When analytics are used by HR in these areas to outline new training programs, recruitment tactics, talent sustaining and skill development, it can vastly improve business performance and influence the advancement of high potential employees who feel valued, and strategies that are tailored to the specific needs of the organization. HR Technology Big Data HR HR Metrics

Strategically Managing Manufacturing Skills Gaps With Learning Analytics


A shrinking pool of workers with advanced manufacturing skills, along with baby boomer retirements, is contributing to this major talent shortfall. To deal with the shortage, internal employee training and development is typically the preferred solution.

How To Reduce Employee Turnover with Workforce Analytics


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.

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.

Top 10 U.S. Cities Facing Aging Workforce Challenges

Burning Glass Technologies

Every workforce development agency has one metric they follow closely: the average age of their local workforce. For instance, North Port, the metro area with the highest level of aging workers, is located in Florida which is commonly known as a retirement state.

How To Reduce Employee Turnover with Workforce Analytics


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.

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.

ATS 316

5 Ways To Recognize Employees in the Transportation & Logistics Industry


Referrals may fill some open headcount but not enough to replace retiring drivers. Encouraging Training & Continued Education. The most common types of training are Commercial Driver’s License (CDL) programs. Metrics-Based Recognition.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics


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.

Recruiting Trends 2020 Report: Predictions for the Year Ahead


Recruitment automation, artificial intelligence , interactive training, predictive reporting, employee turnover, chatbots, employee engagement and performance are just some of the areas companies are processing and using data to improve. “Worktirement” will replace retirement.

Improve Your Company Culture Using Data


When performing your analysis, remember not to report solely on single metrics as these won’t tell the whole story. Find out how promotions are affected by things such as compensation ratio, pay increases, tenure, performance, and training opportunities.

Data 408

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.

Data 64

Mending the Gap: Overcoming Understaffing


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. Training Displaced Workers.

How HR Can Tackle Diversity Using the Rooney Rule


Dropbox is committing to unconscious-bias training for all it’s employees (over 1,200 people), and to regularly release data on the diversity of its workforce. As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them.

10 Workforce Intelligence Cures for Improving Nurse Retention


With the demand generated by the Affordable Care Act, baby boomers starting to retire, and more people battling chronic conditions , patient care is needed more than ever. These metrics help you accomplish this task: Resignation Rate. Use these metrics to drive these discussions.

HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

The demographic pressures and the tsunami of retirements are high level barometers of more to come. Although constantly recruiting and training new employees is expensive, it is the ancillary effects on productivity, customer satisfaction, manger effectiveness and engagement metrics that truly impact the overall business operations. Actively train and support managers in developing coaching and mentoring skills, and offer them rewards for building and sharing talent pools.

The 2020 Workforce: Misconceptions Between Management and Employees

China Gorman

As of now, only 50% of HR departments state that they use quantifiable metrics and benchmarking in workforce development and only 47% say they know how to extract meaningful insights from the data available to them.

The Changing Role of Human Resource Management – HRM


The members of the HRM department are responsible for providing the necessary tools, knowledge, administrative services, coaching and training, talent management, legal and management advice for the rest of the organisation in order to successfully operate. This new paradigm shift in the role of Human Resource Management involves HRM metrics, strategic direction, and measurements to demonstrate their worth.

Diagnosing and Preventing Nurse Burnout Using People Analytics


As baby boomers reach post-retirement age, their demands on the healthcare system increase. Determine the metrics that will to shed insight into overwork and use them to inform a fatigue policy.

How Canada Can Tackle the Gender Wage Gap


These measures include laws that prohibit employers from asking about previous salaries, employer reporting on a number of equality metrics and requiring some form of pay transparency. A wage gap also increases the likelihood that women will be living in poverty, both during their work years and in retirement. Visier was founded in Vancouver, B.C., Canada and we continue to operate one of our head offices here.

15 New Roles for the Future of Human Resources


To do this, you act as a coach and mentor, training the managers of your organisation and give them the tools to actively contribute to talent management. Everything that you do is personalised, from work conditions to wellbeing , training insurances and career plans.

Why Banking On Your Workforce Boosts Business Results


Companies with stronger HR programs, outperform on financial metrics. To be clear, this is not just about being more data-driven or focusing on the usual metrics, but understanding how HR can better connect what it does to the business.

What is Competency Management and Why Do You Need It?


Conduct skills gap assessments to pinpoint crucial weaknesses, so you can provide exactly the targeted training they need. Provide those employees the training, development plans, support, and experiences that will strengthen their leadership competencies. Retirement.

Case Study: Fox Motors Hires 1,400 Employees Through Partnership with Hireology


And dealerships are facing more challenges than ever before when it comes to hiring, due to a record-low unemployment rate, few job seekers interested in retail automotive careers and baby boomer employees retiring at a rapid rate.

What is Employee Experience and How Is It Different From Engagement?


Recruiting, onboarding, training, talent development, performance feedback, advancement. Even retirement matters. Notably, every single one of these metrics is still in use today in some fashion, signifying their value has not been lost in this progression.

6 Best Steps to Prepare Employee Development Plan


When a competent staff, equipped with apt knowledge, training and qualifications is hired, they contribute to an organization’s assets. It is detrimental to train these human assets. Lawrence Bossidy: American author and retired businessman.

The 5 Main Roles in HR


Several disciplines make up the HR department, but HR practitioners might perform more than one of the six main duties: talent management, compensation and benefits, training and development, compliance and workplace safety. Training and Development.