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Workforce Analysis: HR’s Introduction and Guide

Analytics in HR

Conducting a workforce analysis helps you do just that. Contents What is workforce analysis? Why should you conduct a workforce analysis? How to conduct a workforce analysis. What is workforce analysis? You can carry out several different types of analysis, including: Supply analysis. Demand analysis.

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A Guide to Compensation Analysis

Analytics in HR

Compensation analysis is vital to providing fair, equitable compensation. A thorough compensation analysis provides the data and insights for critical decisions as it relates to salaries and total benefits for employees. The purpose of this guide is to provide a basic understanding of compensation analysis and its associated benefits.

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Compensation Analysis: The Definitive 2022 Guide

Decusoft

Conducting compensation analysis is a lengthy, necessary project. A thorough compensation analysis will provide insights for human resources and senior management to make crucial decisions regarding salary and benefits packages. What Is a Compensation Analysis? A few include: External Businesses in Similar Industries.

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13 HR Analytics Courses Online To Check Out in 2024

Analytics in HR

While this course does present an overview of people analytics theory and some of its basics, it does not teach complex data analysis. Use data visualization to present findings. The Data Analysis for Improving Organizational Performance will show you how to bring HR data to life and make it work for you.

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Strategic workforce planning: why and how to begin

Insperity

Perform a current-state analysis. This is called a current-state or internal supply analysis. To determine future talent supply , some organizations make projections based on historical turnover numbers or industry benchmarks. Which roles and/or skill gaps present the greatest strategic risk to your success?

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

Here are some of them: Essential for financial planning & analysis. Forecasting should be part of your headcount planning to evaluate previous trends, the present situation, and future events. Look for team sizes and ratios benchmarks, and combine the data with your company’s growth plan.

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12 Types of HR Reports For Better Business Decisions [+ Free HR Board Report Template]

Analytics in HR

A well-structured headcount report should include an executive summary for quick insights, visual elements like charts and graphs to make the data more digestible, and an analysis of any challenges or risks related to workforce management. Frequency analysis: Metrics indicating how often employees are absent and any patterns that emerge.

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