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?

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

Analytics in HR

If you do not define what ‘good performance’ looks like and how you can measure it, how will you find out if you’re doing well? KPIs are strategic metrics. Only metrics that have a direct link with the organizational strategy can be called KPIs.

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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.

Wellness: The Next Generation

HRO Today

Investing in a holistic well-being benefits strategy is a win-win for employees and employers alike. Wellness has become a popular catchphrase. Employers are now truly seeing how well-being is contributing to organizational effectiveness and the bottom line, if only indirectly.

Taking the Temperature of Health and Financial Wellness Programs

Employee Communications Council

When it comes to well-being in the workplace, which extends to one’s personal life, there are two key points to consider. When the two are put together, the result is a useful health and financial wellness program and a better-run company. Health and Financial Wellness

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

Oracle HCM - Modern HR in the Cloud

According to EBN “ Employers can do better with Wellness ,” employers who are focusing on wellness, increase engagement, resulting in higher workplace enjoyment, loyalty, and retention. The answer : focus on the hire-to-retire lifecycle.

A Comprehensive Guide to Building a Talent Management Process

Digital HR Tech

Speaking of hiring the right people, a well-functioning talent management process also has a positive impact on your employer brand – and by extension on your recruitment efforts. When these things are done well, HR creates a positive ROI on their efforts.

Quality Hires Take Front Stage. What’s the Catch? Paying Them Well

Compensation Today

For example, our research indicated that for Millennials, flexible working hours supersede starting salaries, but for older workers the chance to put away money in a retirement fund is much more attractive. Tess C.

The 7 Steps to Launch and Maintain a Great Wellness Program

HR Daily Advisor

Ryan, who recently shared her expertise in a webinar presented by BLR® and HR Hero®, is a certified Worksite Wellness Program Consultant and serves as Chair of the Board of Directors of the Worksite Wellness Council of Massachusetts. The 7 Steps to Your Organization’s Comprehensive Wellness Program. Here are Ryan’s essentials to building a successful wellness program: 1. From wellness to engagement to development, the brave new world of HR is here.

Whole-Self Benefits

HRO Today

Many companies are stepping up to the plate by offering holistic benefits packages that encompass the entire spectrum of employee wellness. Creating a corporate culture that prioritizes health and wellness is a powerful way to get employees engaged with all available benefits.

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. It will be time well-spent.

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. Well that just isn’t the case anymore. Well, kind of.

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The Questions Leaders Ask When Great Talent Leaves

The Tim Sackett Project

The economy might not continue to be as strong in the near future as it has been, but it doesn’t look to be any major downturn as well. 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.

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.

Why I Started Best Money Moves

Best Money Moves

We’ve got booths at both events (we’re booth #753 at HR Tech) and we’d love to show you our Best Money Moves financial wellness solution and explain why we’re winning awards, closing deals and making employees everywhere smarter about money.

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.

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

Referrals may fill some open headcount but not enough to replace retiring drivers. Showing your workforce that you value their health and well being also sends a powerful message. Rewarding employees for being and staying tobacco-free is an important component of any wellness program.

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.

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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Recruiting Trends 2020 Report: Predictions for the Year Ahead

Yello

Hopefully your recruiting team has had a chance to reflect on the past year’s successes, identify areas for improvement and celebrate a job well done together. Once a niche discipline, people analytics has become another well-established function of any human resources team.

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.

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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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.

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.

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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The Better Way to Handle Headcount Reduction

Visier

In looking to reduce headcount, perform “what-if” analyses to explore different layoff scenarios, as well as alternatives to letting people go. For example, you could test how implementing early retirement could deliver Finance’s targets over time.

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.

Lights! Camera! Action!!

Compensation Cafe

To accomplish this you should create quantifiable metrics that will collectively illustrate the well-being of your compensation program(s) - and then establish baselines (current state) and targets for each performance indicator. Commonly Used HR Metrics : Average salary/wage.

Do Better 401(k) Plans Equal a Better Bottom Line?

HR Daily Advisor

We know a well managed 401(k) can help employees plan for retirement, but what do 401(k)’s do for employers? Rowe Price Retirement Plan Services Inc. Rowe Price’s retirement and financial education team, which conducted the study with T.

Bridging The Gap Between HR And Business Outcomes

Get Hppy

Connect business outcomes to HR metrics. Take each of these goals and break them down into processes and secondary objectives until you reach a HR-related area, where you’ll find your correlative metric.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

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.

The 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

Unfortunately, many companies still base their talent plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel.

How Tech is Helping Government Recruiters Win the War on Talent

Yello

And with a global talent shortage , a decades-low unemployment rate and an increase in federal employee retirement , the race is on to win top talent. An aging workforce: Federal retirement rates are increasing, and Baby Boomers are leaving the workforce at a rate of 10,000 per day until 2030.

Why Millennials Want More Feedback, More Often

Reflektive

Because today’s technology enables communication to flow, millennials expect their workplace tools to be user-friendly as well. Ultimately, though, a manager needs to develop the skills to give effective feedback to all of their employees, from the newest recruit right out of college through the person about to retire. The performance review itself needs to be a well-thought out process. Everyone needs feedback.