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Leading HR at an organization that provides HR services has its perks. That’s the case for Stefani Steinway, SVP of HR at Equifax Workforce Solutions, a subsidiary of the credit reporting giant that provides employment and income verification services to companies. What’s the most fulfilling aspect of your job?
The question “what is HR analytics?” is asked by a lot of HR professionals who want to get started with people analytics. In this post, we will explain what HR analytics is and how it will shape businesses in the future. Second, HR is regarded as soft. A lot of the work in HR is based on ‘gut feeling’.
The race to adopt workforce intelligence is heating up: according to the Deloitte Human Capital Trends 2016 report , “companies are no longer ‘stuck in neutral’ in their deployment of people analytics… Indeed, analytics capabilities will be a fundamental requirement for the effective HR business partner.”.
There’s a lot of talk about the role of the HR analyst so I thought it would be fun to compare some of the job descriptions out there. I randomly selected 5 HR analyst job openings on LinkedIn and, after removing the company-specific information, posted them below. ERG: HR Analyst. Do you see any trends?
This was a recurring theme that we saw in 2016, and thanks to analytics , Talent Acquisition has graduated from a simple candidate filling function to a strategic arm that has a direct correlation to an organization’s bottom line. When CEOs were asked about the biggest challenge they faced, human capital was listed as number one.
Getting to a fact-based and business-oriented mindset is critical for HR — 80% of executives say their company could not succeed without an assertive, data-driven CHRO, who takes a strong stance on talent issues and uses relevant facts to deliver an informed point of view. Why Data is the Key to Strategic HR Decisions.
The streamlined processes , increased transparency and more sophisticated data management associated with a total talent strategy mean organizations manag e their workforce holistically and achiev e significantly better visibility. Onboarding a total talent workforce . .
Every year we take a little time off during the summer to plan for the next twelve months. While many organizations use Q3 and Q4 for budgets, strategies and plans, we’ve found that the summer is best from a scheduling perspective. Speaking of scheduling, I’m changing up my personal planner for 2016. I hope to see you there.
In a 2016 Society for HumanResource Management (SHRM) employee engagement study , relationships with coworkers and immediate supervisors were identified as two top drivers of employee engagement. Involving key leaders in workforceplanning discussions and decisions that will ultimately affect their team.
There will always be challenges that face HR executives and practitioners. HR practitioners used to wince when they needed to justify expenses. Workforce analytics are now better than ever, but organizations need to properly access them, align their information with decision-making, and act accordingly.
As a tech company, we experience first hand the challenges faced by HR and business leaders in the hyper-competitive tech talent market. 90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. The good news?
These challenges are changing the way HR professionals approach their work and are continuing to transform the industry. We spoke with Gerry Crispin, principal and co-founder of talent acquisition community CareerXroads , to learn about the three trends he says are shaping recruiting and what they mean for HR leaders.
What is Strategic WorkforcePlanning? The Role of Talent Acquisition in Strategic WorkforcePlanning a. Technology and the Future of Strategic WorkforcePlanning 4. In fact, a survey of over 130 HR executives found that only 32 percent are actively involved in workforceplanning.
Today, HR leaders across the country are being asked by their C-suites and Boards if they can avoid the millions of dollars in overtime costs their organizations are now at risk of incurring — thanks to new overtime rules passed by the Department of Labor — without negatively impacting business objectives.
is the newest edition of the Applied Psychology in HumanResource Management textbook by Wayne Cascio and Herman Aguinis. The title has changed with “Talent Management” replacing “HumanResource Management.” occur only 5 times out of 100 as a result of chance alone. 10 Strategic WorkforcePlanning (SWP).
When it comes to talent management, there’s a paradox that continues to confound HR leaders. For a long time, HR departments have been called on to become more strategic—less fixated on matters that only concern HR, and more focused on matters that concern the entire business.
This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. Today’s business environment is more complex than ever before, creating an unmatched opportunity for HR to create value for the business. Create value through HR.
Exceptional companies know that the best people decisions drive the best business outcomes : More diverse workforces outperform others. Companies with stronger HR programs, outperform on financial metrics. Organizations with stronger HR analytics programs have a higher return on equity.
While workforce analytics and workforceplanning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. Annual headcount planning occurs in spreadsheets. HR typically finds it difficult to move up from Level 2. Level 1: Reactive.
This is up from $16.56bn in 2016. For example, HR can use business intelligence to identify skills and characteristics required to be successful in a specific role. Interestingly, their HR team was able to consolidate various monthly reports into a single BI dashboard using Tableau, allowing faster decision-making. The reason?
Companies simply cannot hire fast enough to keep up with their workforce demands and competition is fierce for those high potential people who will deliver innovative solutions or go above and beyond for customers. A version of Dave’s article first appeared in Forbes on December 28, 2016. Treat Job Candidates Like Customers.
Historically, HR executives and practitioners have faced insurmountable challenges from lack of data. This competitive urgency to utilize HR analytics isn’t new; however, in the past five years there has been a dramatic increase “data-driven equals high business impact” school of thought.
At first glance, the connection between the emerging role of chief digital officer and HR would seem tenuous, at best. For example, a 2016 study from PwC found that 19 percent of 2,500 large global companies reported having a CDO in place, up from just 6 percent of employers surveyed in 2015. It’s that important.”.
This statement, delivered by Rolls-Royce’s chief executive days before the UK voted to leave the EU in June of 2016, identifies one of the biggest challenges Brexit has created for businesses so far. For HR leaders, these trends will undoubtedly lead to medium- and long-term impacts on the supply and demand dynamics of talent strategy.
Studies show that the workforce is vital to the bottom line for healthcare organizations: 86% of healthcare executives say talent plays a critical role in determining their patient satisfaction scores. Fostering a committed, energized workforce requires more than striving to reach a certain engagement threshold.
This blog is part of a special series providing insights into HR certification. Look for a follow up article discussing HR certification options for our profession. In the HR profession, one of the most talked about, debated about and argued about topics over the last couple of years has been the topic of HR Certification.
We used email lists to target HR executives. The breakdown of participants looks like: CHRO and Vice President of HR: 30%. The survey was sent to approximately 50,000 HR professionals and leaders in the US and 16,000 in the UK and Europe. WorkforcePlanning. Engage Talent (Workforce Logiq). IBM HR Solutions.
The HR world is undergoing major transformation. It used to be that HR’s tasks were simply to make sure everyone got their paychecks and benefits, process performance reviews, and handle conflicts too complex for managers to deal with themselves. People analytics is a key focus for HR. Currently, there are 5.2
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. Why should HR make employee retention a priority? HR analytics’ or ‘talent analytics’).
Workforceplanning is often mentioned – but rarely explained. What is workforceplanning, and how do you do it? When used well, strategic workforceplanning enables HR to plan for the capabilities they need in the future. What is WorkforcePlanning? The workforceplanning process.
KPMG recently released its 2016 Global HR Transformation Survey report , which indicated that while the benefits of cloud HR technology are huge, they are not materializing for some businesses. The good news is that there are simple strategies they can use when moving their HR processes to the cloud.
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. However, knowing your turnover rate does little to support strategic business plans.
According to studies, Indeed delivered 65% of all hires made in the United States from online sources in 2016, which represents a further widening of an already commanding lead. Besides enabling applicant tracking, Greenhouse also offers a holistic HR administration to create focused interviews and a culture that is free of bias. .
We’ll highlight the use of data in optimizing employee experience, the importance of people analytics in creating a better organizational structure, real-world insights from interviews with HR leaders on how to win with people analytics and people analytics tools for HR to maximize business impact. What is people analytics in HR.
In just the past year, Millennials surpassed Baby Boomers as the nation’s largest living generation and started inching their way to making up the majority of the workforce. For HR professionals, this shift in the workforce can create a challenge, as Millennials are known for job hopping more than previous generations.
Moving forward, C-suite leadership will talk about company culture at board meetings, hire visionary HR leaders who can evolve culture for the better, and recognize culture as a conveyor of business success. Technology and artificial intelligence (AI) will be part of the HR team, with responsibilities, outcomes, and cultural impact.
Data Point Tuesday’s mission is to find reports and impactful data sources that most HR professionals would never find and serve up some of their more interesting data points for consideration. Usually the reports come out of the Human Capital Management arena: academic papers, vendor survey analyses, white papers, etc. In the U.S.,
There’s less information on how HR and Talent Acquisition leaders can set up Returners Programmes (or “Returnships”) themselves. The programme continues to go from strength to strength, with 2017 applications increasing by 240% over 2016, and 100% attendance at our assessment days for two years running.
Most strategic workforceplanning tools, HR reports, and other scorecards cannot be categorized as analytics. From an HR perspective, insights into people processes and workforce capability is definitely a step in the right direction; but it is not the end of the story. Dashboards sell.
In a video interview with Oracle customer Dow Chemical, Don Gaertner, the company’s global director of HR systems, spoke about a prior struggle with “spot solution” analytics that led to inaccurate reporting. Role-based, user-friendly templates can help HR leaders digest valuable data points.
In a video interview with Oracle customer Dow Chemical, Don Gaertner, the company’s global director of HR systems, spoke about a prior struggle with “spot solution” analytics that led to inaccurate reporting. Role-based, user-friendly templates can help HR leaders digest valuable data points.
New research from CUPA-HR has found that although employees across the higher education workforce saw the most substantial pay raises in 2022-23 than in the past several years, they are still being paid less than they were in 2019-20 in inflation-adjusted dollars. Explore this data and more in CUPA-HRs newest interactive graphic.
It should be a good event, with some great speakers: Andrea Eccles, Chief Executive and Editor of Measuring Up, City HR Association David Littlechild, Group Head of Engagement & Insights, Lloyd's Banking Group Rachel Credidio, Group People and Transformation Director, Aster Group Laura Sherlock-Smith, Head of HR Report and Analytics Development, (..)
Many charities adopt a professional approach to HR, with practitioners from organisations like the Samaritans and The Childrens Society being acknowledged for their contributions. However, HR professionals working in this field often deal with challenging situations. To start with, not all charities are created equal.
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