Expert insights. Personalized for you.
NOVEMBER 25, 2019
But that doesn’t mean you can relax with your employee retention efforts. That creates a double-edged employee retention problem for employers. Showing results in engagement and retention. And teams who say they feel valued lose fewer workers to voluntary turnover. MORE
MAY 28, 2018
“The key to a company’s success begins and ends with retention of key employees,” Anonymous. There is a lot to lose when a business experiences high turnover rate. One such measure is the employee performance metrics, which gives constructive feedback on whether an employee is performing below, averagely, or beyond the goals of their defined tasks. Employee performance metrics is the best way to track the performance of key employees in a company. MORE
MAY 17, 2018
Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes. MORE
SEPTEMBER 9, 2016
Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry. Take turnover comparisons by performance ranking, for example. In fact, you could look at any population within your organization and perform a turnover comparison. MORE
JANUARY 28, 2016
Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). According to a survey by NSI Nursing Solutions, the average cost of turnover for a bedside RN ranges from $44,380 to $63,400. In turn, better retention is likely to lead to better care and higher patient satisfaction. MORE
SEPTEMBER 16, 2015
How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers? MORE
FEBRUARY 21, 2020
Another analysis shows that innovative companies grow faster and are more profitable than those who do not have an innovative corporate culture. The post Building an Innovative Corporate Culture appeared first on HSD Metrics. MORE
DECEMBER 14, 2017
reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy. MORE
NOVEMBER 21, 2016
Most human resources professionals worth their salt know the importance of recruiting metrics in improving the hiring process. Those that do may not even be tracking the right recruiting metrics! The purpose of tracking recruiting metrics is to gather and analyze data that can help the HR professional tie in their recruiting process with stated business goals. It is therefore important to choose just a few metrics among the multitudes to attain your goals. MORE
MARCH 2, 2020
” How Can Your Business Increase Retention With Employee Journey Mapping? Using quantitative data—like the data you cull from employee exit, new hire and stay interviews—will help you uncover key reasons employees leave, as well as high turnover moments and events. MORE
JULY 8, 2019
In our people analytics community, we’ve had a few discussions about how to calculate employee turnover and retention. In analytics, employee turnover is arguably the most-discussed metric. However, calculating turnover is much trickier than it seems. In this article, we will propose a best practice to measuring employee turnover. Calculating employee turnover: The problem. How to calculate the employee turnover rate. MORE
MAY 17, 2018
Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes. MORE
JULY 30, 2020
Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. A high turnover rate puts hospitals at risk by increasing costs and potentially impacting the quality of patient care. Nurse turnover is costly. MORE
APRIL 10, 2019
High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk. If you are looking to leverage people analytics, retention is a great place to start. A high turnover rate likely gets your attention, but what else should you be paying attention to? MORE
NOVEMBER 7, 2018
We had built a leadership development program for our Millennial population with the goal of reducing turnover costs. After the first three cohorts went through the program, we dug into the data, expecting to see just that: promotions driving retention. This was driving retention. This not only satisfied the retention need for our executives but also allowed us to market to, and support the development of, a broader audience. MORE
MARCH 4, 2021
When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Keeping employees on staff and reducing turnover requires a host of initiatives and core policies. MORE
JULY 12, 2018
HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings. MORE
JULY 2, 2018
Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost. How to Calculate Employee Retention Rate. An Important Note About Calculating Employee Turnover and Retention Rates. Compare Your Employee Turnover Rate to 2018 Industry Averages. MORE
SEPTEMBER 21, 2020
The power is right at your fingertips: just share strategically chosen recruiting metrics with hiring managers. Communicating current and long-term recruiting metrics and trends to hiring managers and teams to build trust and solve problems. Start Tracking Your Own Recruiting Metrics. MORE
JANUARY 1, 2020
Covington, KY / January 1, 2020 – HSD Metrics®, a human resources technology company with over 230 national and international clients, welcomes experienced professional, Brittany Tony, to its high-energy team of consultants, analysts and researchers. MORE
FEBRUARY 23, 2018
. Recent Studies Detail Correlation Between Employee Engagement and Retention. For two years running, the top two HR challenges have been employee retention and employee engagement. Engagement and retention are both the end results of consistent and positive employee experiences. The result, as the following studies suggest, can be dramatic improvements in both metrics. These results distill into stronger employee retention. MORE
JANUARY 26, 2015
Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. Think about the problem this way: A low turnover rate sounds like a good quality for any company, right? " Low turnover might signal to an investor that talent is too complacent, and therefore not innovating fast enough. No wonder universal talent metrics are a touchy subject. Retention , categorized by job types. MORE
DECEMBER 14, 2017
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, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? How To Reduce Employee Turnover with HR Analytics. MORE
DECEMBER 14, 2017
reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy. MORE
NOVEMBER 15, 2017
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. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. Impact on Business Metrics. MORE
AUGUST 8, 2017
Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager. 5 Manager Effectiveness Metrics for Administrative Managers. Must-have administrative manager effectiveness metric #1: Engagement score. 3 Manager Effectiveness Metrics for Mission Managers. MORE
JUNE 4, 2021
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. MORE
NOVEMBER 22, 2019
Why Partner with HSD Metrics. At HSD Metrics , we understand your precarious position. Preparing a comprehensive report with the analysis and full feedback on what we gathered. Wondering why HSD Metrics should be your go-to? MORE
SEPTEMBER 30, 2016
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. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. Impact on Business Metrics. MORE
NOVEMBER 5, 2019
There are good reasons forward-leaning businesses care so much about employee engagement and retention. That makes getting to the bottom of your employee attrition problem more challenging and calls for a more nuanced approach to exit interviews—one driven by accurate data collection and analysis. In the absence of such data-driven analysis, exit interviews are little more than perfunctory, providing limited information businesses can use to improve engagement and retention. MORE
JANUARY 20, 2020
The negative impact of employee turnover on your business can manifest itself in several important ways. To mitigate turnover costs, businesses need to implement proactive strategies designed to reduce attrition. Quantifying Employee Turnover. MORE
AUGUST 2, 2016
We have seen a ton of interest in our approach to turnover and retention driver analysis. Our customers are realizing all the value and insight that turnover metrics provide but they are also able to move beyond metrics to driver analysis that is truly actionable. Organizations are finding this analysis capability particularly useful when applied to critical talent. Data Analysis: Key Drivers MORE
MARCH 30, 2017
Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken. So, if your metrics don’t directly and unambiguously cover strategic goals like increasing revenue, productivity, or innovation, they simply won’t drive executives to act. The Top 7 Strategic HR Metrics for Impressing Your CEO. MORE
SEPTEMBER 16, 2015
How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers? MORE
JULY 3, 2019
Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers. Califano will provide expertise in all aspects of exit interview services from marketing through set up and delivery of ExitRight turnover data. News HSD Metrics Welcome Shaun Worcester MORE
JANUARY 3, 2020
The problem for American businesses is that employee engagement is closely aligned with other metrics— those with the potential to do serious harm to business viability. Businesses that offer flexible work options (like remote work) reduce turnover by more than 25%. MORE
HSD Metrics
JANUARY 20, 2020
The negative impact of employee turnover on your business can manifest itself in several important ways. To mitigate turnover costs, businesses need to implement proactive strategies designed to reduce attrition. Quantifying Employee Turnover.
HSD Metrics
MARCH 2, 2020
” How Can Your Business Increase Retention With Employee Journey Mapping? Using quantitative data—like the data you cull from employee exit, new hire and stay interviews—will help you uncover key reasons employees leave, as well as high turnover moments and events.
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Vemo
AUGUST 2, 2016
We have seen a ton of interest in our approach to turnover and retention driver analysis. Our customers are realizing all the value and insight that turnover metrics provide but they are also able to move beyond metrics to driver analysis that is truly actionable. Organizations are finding this analysis capability particularly useful when applied to critical talent. Data Analysis: Key Drivers
Visier
SEPTEMBER 30, 2016
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. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. Impact on Business Metrics.
AssessTEAM Performance Management
MAY 28, 2018
“The key to a company’s success begins and ends with retention of key employees,” Anonymous. There is a lot to lose when a business experiences high turnover rate. One such measure is the employee performance metrics, which gives constructive feedback on whether an employee is performing below, averagely, or beyond the goals of their defined tasks. Employee performance metrics is the best way to track the performance of key employees in a company.
Cornerstone On Demand
JANUARY 26, 2015
Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. Think about the problem this way: A low turnover rate sounds like a good quality for any company, right? " Low turnover might signal to an investor that talent is too complacent, and therefore not innovating fast enough. No wonder universal talent metrics are a touchy subject. Retention , categorized by job types.
ForUsAll
JULY 2, 2018
Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost. How to Calculate Employee Retention Rate. An Important Note About Calculating Employee Turnover and Retention Rates. Compare Your Employee Turnover Rate to 2018 Industry Averages.
Ascentis
JUNE 4, 2021
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.
Visier
NOVEMBER 7, 2018
We had built a leadership development program for our Millennial population with the goal of reducing turnover costs. After the first three cohorts went through the program, we dug into the data, expecting to see just that: promotions driving retention. This was driving retention. This not only satisfied the retention need for our executives but also allowed us to market to, and support the development of, a broader audience.
HSD Metrics
JULY 3, 2019
Covington, KY / July 1, 2019 – HSD Metrics ® , a human resources technology company with over 220 national and international clients, welcomes experienced professional, Tina Califano, to its high-energy team of consultants, analysts and researchers. Califano will provide expertise in all aspects of exit interview services from marketing through set up and delivery of ExitRight turnover data. News HSD Metrics Welcome Shaun Worcester
HSD Metrics
JANUARY 1, 2020
Covington, KY / January 1, 2020 – HSD Metrics®, a human resources technology company with over 230 national and international clients, welcomes experienced professional, Brittany Tony, to its high-energy team of consultants, analysts and researchers.
 |
HR Morning
NOVEMBER 25, 2019
But that doesn’t mean you can relax with your employee retention efforts. That creates a double-edged employee retention problem for employers. Showing results in engagement and retention. And teams who say they feel valued lose fewer workers to voluntary turnover.
Bonusly
APRIL 10, 2019
High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk. If you are looking to leverage people analytics, retention is a great place to start. A high turnover rate likely gets your attention, but what else should you be paying attention to?
Analytics in HR
JULY 8, 2019
In our people analytics community, we’ve had a few discussions about how to calculate employee turnover and retention. In analytics, employee turnover is arguably the most-discussed metric. However, calculating turnover is much trickier than it seems. In this article, we will propose a best practice to measuring employee turnover. Calculating employee turnover: The problem. How to calculate the employee turnover rate.
Visier
AUGUST 8, 2017
Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager. 5 Manager Effectiveness Metrics for Administrative Managers. Must-have administrative manager effectiveness metric #1: Engagement score. 3 Manager Effectiveness Metrics for Mission Managers.
Visier
DECEMBER 14, 2017
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, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? How To Reduce Employee Turnover with HR Analytics.
HSD Metrics
FEBRUARY 21, 2020
Another analysis shows that innovative companies grow faster and are more profitable than those who do not have an innovative corporate culture. The post Building an Innovative Corporate Culture appeared first on HSD Metrics.
HSD Metrics
MAY 17, 2018
Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes.
HSD Metrics
MAY 17, 2018
Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. Here are 2017’s top five employer influenced turnover causes across all industries, pulled from a list of 12 reasons. When respondents were asked if lack of upward mobility contributed to their decision to leave, they ranked this cause is second in importance out of 12 turnover causes.
HSD Metrics
JANUARY 3, 2020
The problem for American businesses is that employee engagement is closely aligned with other metrics— those with the potential to do serious harm to business viability. Businesses that offer flexible work options (like remote work) reduce turnover by more than 25%.
Outmatch
SEPTEMBER 21, 2020
The power is right at your fingertips: just share strategically chosen recruiting metrics with hiring managers. Communicating current and long-term recruiting metrics and trends to hiring managers and teams to build trust and solve problems. Start Tracking Your Own Recruiting Metrics.
Vemo
SEPTEMBER 9, 2016
Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry. Take turnover comparisons by performance ranking, for example. In fact, you could look at any population within your organization and perform a turnover comparison.
Zenefits
MARCH 4, 2021
When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Keeping employees on staff and reducing turnover requires a host of initiatives and core policies.
Get Hppy
NOVEMBER 21, 2016
Most human resources professionals worth their salt know the importance of recruiting metrics in improving the hiring process. Those that do may not even be tracking the right recruiting metrics! The purpose of tracking recruiting metrics is to gather and analyze data that can help the HR professional tie in their recruiting process with stated business goals. It is therefore important to choose just a few metrics among the multitudes to attain your goals.
Visier
SEPTEMBER 16, 2015
How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers?
HSD Metrics
NOVEMBER 22, 2019
Why Partner with HSD Metrics. At HSD Metrics , we understand your precarious position. Preparing a comprehensive report with the analysis and full feedback on what we gathered. Wondering why HSD Metrics should be your go-to?
Visier
JANUARY 28, 2016
Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). According to a survey by NSI Nursing Solutions, the average cost of turnover for a bedside RN ranges from $44,380 to $63,400. In turn, better retention is likely to lead to better care and higher patient satisfaction.
Visier
SEPTEMBER 16, 2015
How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people. In the long run, this is not just good for engagement, but also for retention. So it’s important to use metrics that will help you answer questions like: Which managers retain the most top performers?
HSD Metrics
NOVEMBER 5, 2019
There are good reasons forward-leaning businesses care so much about employee engagement and retention. That makes getting to the bottom of your employee attrition problem more challenging and calls for a more nuanced approach to exit interviews—one driven by accurate data collection and analysis. In the absence of such data-driven analysis, exit interviews are little more than perfunctory, providing limited information businesses can use to improve engagement and retention.
Visier - Talent Acquisition
NOVEMBER 15, 2017
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. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. Impact on Business Metrics.
Visier - Talent Acquisition
JULY 30, 2020
Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. A high turnover rate puts hospitals at risk by increasing costs and potentially impacting the quality of patient care. Nurse turnover is costly.
LaborSoft
JULY 12, 2018
HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.
Hoops
FEBRUARY 23, 2018
. Recent Studies Detail Correlation Between Employee Engagement and Retention. For two years running, the top two HR challenges have been employee retention and employee engagement. Engagement and retention are both the end results of consistent and positive employee experiences. The result, as the following studies suggest, can be dramatic improvements in both metrics. These results distill into stronger employee retention.
SMD HR
DECEMBER 14, 2017
reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy.
SMD HR
DECEMBER 14, 2017
reduce turnover) your organization is facing. Think about the the employee lifecycle measurement approach below to address the eternal issue of turnover. Turnover – Bad News/Good News. voluntary turnover rate is 23.4% Direct replacement costs are typically 50-60% of an employee’s annual salary, with total turnover costs ranging from 90-200% of the employees annual salary. How to keep your best employees: Developing an effective retention policy.
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