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? By referring to the past (descriptive metrics) and studying the future we can determine WHAT TO DO to produce more positive results in the future; i.e.; prediction. If they only had time to focus on a handful of metrics, which ones should they consider? I’m a self-professed math geek.

Employee Retention: Tomorrow’s Recruiting Metric

Lighthouse

This is evidenced by our recent study on talent acquisition priorities , where half of talent leaders said that they were focused on improving the recruiting process over the coming year. Today I want to talk about first year retention, a measure that I believe is going to continue to grow as a recruiting metric, even though many companies wouldn’t consider it even remotely linked to recruiting as of today. The future of recruiting metrics.

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Virtual HR Training Event: HR Metrics and Change Management

Lighthouse

In the last few weeks I’ve had the pleasure of visiting Toronto and the Caribbean to speak about metrics, evidence, and leading change. Here’s the schedule: Tuesday, March 6th Metrics: Measuring HR’s Business Value. Session 1: Metrics: Measuring HR’s Business Value. “If Explore examples of balanced scorecards and unique metrics created to align with business objectives, as well as case studies of metrics in action.

What is Time to Fill? Everything You Need to Know About This Recruiting Metric

Analytics in HR

Time to fill is one of the most crucial recruiting metrics for any organization, irrespective of industry, size of organization, and role. Being able to measure the time to fill a vacancy is a crucial HR metric, which also impacts your business bottom line.

The New Learning Metrics: Demonstrating Business Value and Impact

Degreed

Telling your workforce development story — in fresh ways with new metrics — can capture the attention of your business leaders and make your learning program an important business priority. Where We’ve Been: Metrics Important to Learning. The new learning metrics are less transactional.

6 Workforce Metrics with Significant Financial Impact

Ascentis

Knowing which metrics and measurements to focus on is a perennial challenge for CFOs and finance departments, and the current state of workforce management makes it that much trickier. That has also changed the way we will consider which metrics matter most in the near future.

Mini Virtual HR Conference: HR Metrics and Change Management (2 Free Business Credits)

UpstartHR

In the last few weeks I’ve had the pleasure of visiting Toronto and the Caribbean to speak about metrics, evidence, and leading change. Here’s the schedule: Tuesday, March 6th Metrics: Measuring HR’s Business Value. Session 1: Metrics: Measuring HR’s Business Value. “If Explore examples of balanced scorecards and unique metrics created to align with business objectives, as well as case studies of metrics in action.

What Metrics Predict Candidate Success?

Eightfold

For instance, the average cost to hire one employee ranges from $4,000 to $7,645, depending on the types of companies studied, says Aleks Peterson at Glassdoor. What Are Recruiting Metrics and Why Track Them? Tracking metrics that are relevant to your company’s hiring goals can help companies better understand and improve their hiring processes, says Erik van Vulpen , founder of the Analytics in HR blog. Track These 6 Candidate Success Metrics.

21 Employee Performance Metrics

Analytics in HR

Employee performance metrics are key to tracking how well employees are performing. However, when done right, employee performance metrics benefit both the organization and the employee. We listed the most important ones below and included some practical examples of each metric. There are various kinds of employee performance metrics. Work quality metrics. Work quantity metrics. Work efficiency metrics. Organizational performance metrics.

8 Employee Evaluation Metrics for Manufacturing Companies

AssessTEAM Performance Management

There is nothing like one metric rule in employee evaluation for manufacturing; instead, it is a combination of both quantitative and qualitative metrics. Manufacturing companies use the evaluation results for their strategic short-term and long-term goals, as well as to gain clarity on their current standing. The metrics also provide them with substantial information that’s necessary for decision-making. “It’s impossible to manage what you can’t measure,” Anonymous.

Applying Employee Performance Metrics towards Retention of Key Employees

AssessTEAM Performance Management

Employee replacement costs a company about one-fifth of what the employee earns, this is according to a recent CAP study. They often are paid well and may get special benefits as an incentive to stay with the company. In the end, they are recognized as important persons in maintaining the investment as well as supporting relations. Employee performance metrics is the best way to track the performance of key employees in a company. Types of employee performance metrics.

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. 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 alternative, defined by Hursman (2010) , is the well-known SMART acronym.

6 Metrics Chief Customer Officers Care About & How to Impact Them

SurveySparrow

Customers these days are looking for superior experiences and would leave you for a competitor if they know that you are not treating them well. . The impact should be measurable, which is why we are trying to establish CCO metrics that will make sense for the organization. .

How (and Why) to Start a Corporate Employee Wellness Program

Fond

They may be hardworking, but they are in desperate need of an employee wellness program. Starting an employee wellness program from the ground up doesn’t have to be a challenge. Why a Corporate Wellness Program Matters. Your C-Suite should champion your wellness program.

Workforce Readiness: The Learning Metric that Leads to Real ROI (i4cp login required)

i4cp

In essence, this describes what each person will be able to do in six months that they cannot do (or do so well) now. The company develops its employees to be well-versed in a broad range of digital technologies, with specific expertise in one (or more) disciplines.

The 10 Company Culture Metrics You Should Be Tracking Right Now

CultureIQ

And everyone loves metrics. Therefore, when searching for culture metrics, it makes sense to follow the lead of companies that have had consistent financial and operational success, or in business jargon, high-performance companies. Using these qualities as metrics to track, business leaders can finally understand whether their company is on the path to culture success. Wellness. Workplace wellness encompasses the mental and physical health of employees.

10 Key Customer Engagement Metrics that Every CX Executive should Know

SurveySparrow

You can measure it by using various customer engagement metrics into consideration. 10 Key Customer Engagement Metrics . Customer Engagement Metrics are crucial indicators of how your business is faring in terms of engagement. It is the most popular transactional metric.

Wellness Programs that Make An Impact

HR Daily Advisor

Can a workplace wellness intervention help improve employee vitality and purpose? A recent study suggests that it just might. A new study published in the American Journal of Health Promotion is the first to demonstrate that a short, intensive workplace wellness intervention can produce sustained improvements in wellbeing. co-author and Vice President, Behavior Science & Advanced Analytics at Johnson & Johnson Health and Wellness Solutions.

The 5 Key Job Application Metrics You Need to Know

Yello

06/16/2017 // By tracy kelly // recruitment metrics. Here are the five job application metrics every recruiter needs to know to help improve the candidate experience. Attract qualified talent with well-written job descriptions that help candidates understand the role, and track applicant counts to find out when to modify your talent acquisition strategy and recruitment marketing efforts. Track how many applications are completed, as well as how many are started.

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. Labor productivity is a critical HR metric because it encompasses several important aspects of human resources. The studies back up this idea. The post 3 HR Metrics That Matter appeared first on Zenefits Blog.

Major Studies Detail Correlation Between Employee Engagement and Retention

Hoops

. Recent Studies Detail Correlation Between Employee Engagement and Retention. The result, as the following studies suggest, can be dramatic improvements in both metrics. The types of engagement SHRM advocates are tied to organizational values experiences, which the survey results demonstrate outperform other programs on every metric evaluated. Companies appear to be doing fairly well by this standard, but more work remains for many employers. .

10 Crucial Employee Engagement Metrics For Successful Surveys

Vantage Circle

As such organizations around the world are now trying to bridge the gap between them and their employees by taking into account the various employee engagement metrics. Measuring Employee Engagement and it’s Relation with Engagement Metrics. The last metric but surely not the least.

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. Well-being programs also result in other qualitative benefits, such as enhanced perception of the organization as a great place to work, increased employee engagement, reduced distraction, and more.

Why Modern Well-Being Programs Embrace an Expansive Approach

Limeade

When you hear the phrase “whole-person well-being,” it’s easy to nod along. But for many companies, the definition of well-being stops at the physical, leaving employees to fend for their work, emotional and financial well-being on their own. What is whole-person well-being?

15 HR Analytics Case Studies with Business Impact

Analytics in HR

For this article, I have collected 15 of the best HR analytics case studies I’ve come across in the past two years. Each of these case studies are connected with a concrete business impact. For each case study, I will refer to their original publication. Quite a few case studies have come from the excellent Strategic Workforce Analytics report by Corporate Research Forum. This is one of the few papers that has collected case studies with business impact.

This vaccination metric can teach us a lot about diversity and inclusion efforts

EverFi - HR

And so, the most important public health metric is the percent of the population that’s been vaccinated. And with 9 peer-reviewed efficacy studies , our programs work. The post This vaccination metric can teach us a lot about diversity and inclusion efforts appeared first on EVERFI.

4 Key Reporting Metrics for HR Leaders

Motus

This same line of thinking also applies to which HR reporting metrics leaders should focus on to achieve business success. According to the HR Daily Advisor, a good first step when choosing metrics for your Human Resources team is to fully understand and align with business objectives defined by other members of your executive leadership team. At Motus, the key HR reporting metrics are a direct result of the company culture we strive to uphold.

4 Key Reporting Metrics for HR Leaders

Motus

This same line of thinking also applies to which metrics HR leaders should focus on to achieve business success and this definition of success will also vary from business to business. According to the HR Daily Advisor, a good first step when choosing metrics for your Human Resources team is to fully understand and align with business objectives defined by other members of your executive leadership team.

Five metrics your performance management system should be tracking

Impraise

Here are the top five metrics your performance management system should help you track. Participation rate of performance reviews and surveys This is one of the most basic metrics you should be measuring through your performance management system. Without tracking this metric, not only will your team struggle to keep up with submissions, but you won’t be able to draw any interesting insights on a company-wide or team scale.

How to Improve Employee Engagement By Studying Your Employees

SocialChorus

Understanding your employees by studying data about them takes the guesswork out of strategy building, and helps you deliver a seamless, tailored employee experience (much like a customer experience). Second, after you’ve created personas for all your target employee groups, study which communication format would work best for each group, such as video, engagement apps, email, etc. A well-informed and engaged workforce leads to higher productivity and, ultimately, higher revenue.

Study 68

Want a productive workforce? Focus on employees’ well-being

HR Digest

Leaders had to focus not just on profitability and productivity, but on the mental health and well-being of employees in a time of intense anxiety. As the pandemic rages on, schools reopen in fits and starts and a contentious political environment as the US election approaches, organizations can’t afford to pull back on meeting the well-being needs of their people if they want to be in position to recover faster. Prioritize well-being and mental health.

Gaps in Planning Impact Ability to Manage Benefits Costs, Says Study

HR Daily Advisor

A new study explores the complexity of managing benefits and the value of multiyear planning to better position Human Resources as business strategists to the executive suite. Hub International Limited (HUB)—a global insurance brokerage—has released the results of its second annual employee benefits study: Employee Benefits Barometer 2017: Why Human Resources Must Take a Long-Term View. Benefits HR Hub International study wellness

Study 46

Are Your HR Metrics Outdated? Try These Four

Namely

When it comes to getting a full, clear view of a modern workplace and the people in it, standard HR metrics—productivity, costs, and turnover—just don’t cut it anymore. Better metrics make managers react proactively—rather than reactively—to changes in workplace culture and employee engagement. That’s not to say that tracking standard metrics is no longer necessary. That’s where the following metrics come into play. Metric 1. Metric 2. Metric 3.

Tracking employee health metrics: Great idea or big mistake?

Insperity

Some wellness programs ask employees to volunteer information, such as whether they smoke or exercise. A word of caution: Be careful about implementing wellness programs that require participation, or penalize employees who are unable to participate. If not designed correctly, these wellness programs can violate federal laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Affordable Care Act (ACA).

People Analytics Case Study: How HR made customers happy

Analytics in HR

At AIHR we get a lot of requests for case studies to make the analytics process more tangible. In their new book, Predicting Business Success , Scott Mondore and co-authors provided one of the most interesting studies we’ve come across. We conducted two studies – 2017 and 2016 – that assessed how often each of the most commonly measured employee attitudes (survey categories) were found to be a statistically significant driver of business outcomes.