Analytics in HR

NOVEMBER 5, 2018

It is time that HR analytics starts to show the value it delivers to the business. This is hard to do as people analytics is still an emerging field. For this article, I have collected 15 of the best HR analytics case studies I’ve come across in the past two years. Quite a few case studies have come from the excellent Strategic Workforce Analytics report by Corporate Research Forum. 15 HR Analytics Case Studies. Turnover at Experian. Employee retention.

Case Study 76

Case Study Analytics Study Retention and Turnover 76

Ultimate Software

APRIL 24, 2018

As our exposure to Big Data progresses exponentially, analytics and BI are playing an increasing role in overall corporate strategy. Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement. Considering talent is typically the most expensive line in the budget, this is a missed opportunity to potentially cut costs and increase productivity.

Benchmarking 113

Benchmarking Metrics Retention and Turnover Ultimate Software 113

Analytics in HR

JUNE 8, 2021

Benchmarking is a practice used across industries to make comparisons between and within organizations. HR benchmarking helps make HR processes and policies at your organization more effective. Truly valuable benchmarking looks at the nuances of your organization and geography.

Benchmarking 52

Benchmarking HR Planning Comparison Metrics 52

HRExecutive

OCTOBER 19, 2021

Advertisement Seventy-five percent of companies are using technology solutions for managing employee relations—an 11% increase from 2019—allowing them to create employee data repositories and gain better analytics capabilities.

Diversity and Equality 79

Diversity and Equality Retention and Turnover Data Analytics 79

Visier

FEBRUARY 20, 2018

Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. Turnover contagion happens when people quit their jobs simply because other people are talking about leaving, job searching, or actually jumping ship. In other words, voluntary turnover doesn’t just happen in isolation due to an individual’s job satisfaction issues. The Value of a Laser-Focused Approach to Turnover Contagion.

Retention and Turnover 195

Retention and Turnover Visier Benchmarking Data 195

Analytics in HR

FEBRUARY 9, 2021

Talent analytics enables organizations to gain incredible insights into their workforce. One of the best applications of this type of analytics is identifying and nurturing potential leaders for your organization. Contents What is talent analytics? What is talent analytics?

Analytics 78

Analytics Metrics Visier Benchmarking 78

Engagedly

NOVEMBER 30, 2021

People Analytics can be a fortune-maker for businesses! Companies can now understand how to engage, retain and ensure the productivity of their employees. People Analytics has become an indispensable strategy that allows companies to make better management and business decisions.

Analytics 52

Analytics Retention and Turnover Benchmarking Data 52

Ultimate Software

AUGUST 2, 2019

But in contrast to the murky ethics of sourcing and selling consumer-driven data , leveraging internal HR data analytics to make better workforce decisions has been a key Human Resources best practice for decades. But what exactly is HR data analytics and how can HR leverage it to achieve organizational goals? HR Data Analytics Definition. HR analytics may be referred to as people analytics, workforce analytics, or talent analytics depending on the context of the data.

Analytics 169

Analytics Data Metrics HR Planning 169

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?

Retention and Turnover 44

Retention and Turnover Analytics Metrics Visier 44

Workday

OCTOBER 10, 2017

At Workday, we’ve designed all of our products to give customers more visibility—into their workforces, financials, recruiting pipeline, and more. We’re extending this visibility with two new products, Workday Benchmarking and Workday Prism Analytics. Let’s dive a little deeper into how both these new offerings extend the power of Workday’s built-in analytics to help our customers gain even more insights into their data.

Workday 51

Workday Analytics Retention and Turnover Data 51

Zenefits

JANUARY 7, 2019

Data analytics has the potential to turn information held into actionable processes and outcomes. Data analytics has the potential to turn information into actionable processes and outcomes. More than screening for skills and experience, data analytics has the ability to spot key experiential information that may someday be widely used to predict a candidate’s potential for success. Retention. When a business invests in current staff, retention and engagement increase.

HR Planning 36

HR Planning Zenefits Benchmarking Retention and Turnover 36

Visier - Talent Acquisition

DECEMBER 3, 2019

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

Retention and Turnover 56

Retention and Turnover Analytics Visier Benchmarking 56

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.

Retention and Turnover 40

Retention and Turnover Analytics Benchmarking Analysis 40

Visier - Talent Acquisition

JULY 25, 2019

Not only are the direct costs of hiring replacements expensive, but there are costs associated with lost productivity while new managers are coming up to speed, as well as the lost revenue while a position is vacant. Reducing Manager Turnover: Does People Analytics Drive Results? In terms of addressing manager turnover, a big question for many HR leaders is whether people analytics actually delivers value.

Visier 84

Visier Retention and Turnover Analytics Data 84

nettime solutions

OCTOBER 15, 2015

Workforce analytics help businesses define, predict, and enhance their performance. When applied to the HR world, workforce analytics help HR staff analyze data relating to productivity levels, performance, if training is effective, and can even predict turnover. To understand just how significant workforce analytics are in your organization, below are three questions to consider: How can you reduce turnover and increase employee retention?

Analytics 109

Analytics Retention and Turnover Metrics Benchmarking 109

EmployeeConnect

MARCH 20, 2017

The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. Unfortunately, that strategy relies on 20/20 hindsight instead of identifying practical ways to reduce turnover proactively. Productivity: Productivity doesn’t just measure wages against production.

Metrics 125

Metrics Retention and Turnover Benchmarking Staffing 125

Get Hppy

APRIL 14, 2016

Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. The most recent JOLTS , or Job Openings and Labor Turnover Survey published by the US Bureau of Labor Statistics , puts the the latest job openings level registered in November 2015 at 5,431,000(p). Leveraging HR Analytics.

Workforce Planning 111

Workforce Planning Analytics SilkRoad Talent Acquisition 111

InforHCM

JULY 10, 2017

There is a wealth of information that is applicable to all industries and their hiring strategies in The Center for Digital Government’s report called “Improving Recruitment and Retention: How new science-based talent solutions can help government agencies hire, develop and retain the right employees for the right jobs.”. Data analytics heralds a new recruiting model for state and local governments. Get the full report on Improving Recruitment and Retention.

Retention and Turnover 59

Retention and Turnover Industry Benchmarking Interview Software 59

HSD Metrics

OCTOBER 15, 2018

Creating a cohesive, productive team from these various backgrounds can pose a challenge, but with the right approach, is possible. Offensive jokes can lead to bad morale, turnover among employees, or even worse, potential legal problems. Help to reduce employee turnover by taking the time to know your employees and their skills, knowledge, abilities and unique capabilities. “Most of the people in IT are younger – hired out of college, or after just a few years of experience.

Retention and Turnover 40

Retention and Turnover Benchmarking Retirement Analytics 40

Hireology

MAY 31, 2017

Insights enables business owners and talent acquisition leaders to gain a clear understanding of hiring performance across locations and managers, and shows this success compared to peers using industry-specific benchmarks. The longer a position goes unfilled, the more productivity is disrupted as employees spend time covering for the open role. Turnover/Retention – What is my new hire turnover?

Metrics 65

Metrics Hiring Software Hiring Report 65

SuccessFactors

AUGUST 31, 2017

Big Data also has an affect on existing staff; for example, by learning what increases and decreases productivity, work processes can be adjusted. Analyzing various internal surveys can help HR understand what improves retention. If common employee complaints are identified in surveys, HR can eliminate them to prevent employee turnover. Survey analysis can also help HR: plan new, more effective talent-retention programs. learn how to benchmark workers effectively.

Retention and Turnover 52

Retention and Turnover Data Analysis Benchmarking 52

Visier

JANUARY 23, 2018

Imagine a world where every great HR initiative gets properly funded: Retention programs are fully backed by the C-suite, recruitment snafus are nipped in the bud before they become big problems, and even the CFO meets employee engagement initiatives with near-giddy enthusiasm. When this is missing, all the necessary hard work you may already be doing — like gathering the hard facts to report on turnover or recruitment trends — will be for naught.

Visier 218

Visier Benchmarking Retention and Turnover Metrics 218

Analytics Training

OCTOBER 19, 2021

Attraction: A good organization always wants to break the benchmark and provide quality products/services to users. Retention/ Separation: The Retention stage is considered a critical step in the Employee Life Cycle Model. Introduction.

Retention and Turnover 52

Retention and Turnover Benchmarking Onboarding Retirement 52

Zenefits

FEBRUARY 21, 2019

One of the best places to start is with salary benchmarking. What Are Salary Benchmarking and Compensation Management? Compensation management is an important component of employee retention. It is a process for attracting new talent, reducing turnover, and boosting performance by offering competitive salaries and non-monetary benefits. Much of the data they use comes from a process called salary benchmarking. Why Bring Data Analytics Into Your Payroll Process?

Compensation 32

Compensation Benchmarking Payroll Comparison 32

Visier

FEBRUARY 9, 2017

In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making. HR Can’t Become A High Business Impact Function Unless It Adds Analytic Capabilities. Recommended Read: The Value of HR Analytics: Why Every Company Should Be A Quantified Organization ].

Data 214

Data Metrics Visier Retention and Turnover 214

Analytics in HR

MARCH 30, 2021

Retention rate: percent of employees retained over a defined period. Turnover rate: the ratio of separations against the total workforce. You want to have enough candidates to compare to make the right choice unless you hire for that position frequently enough to have a good benchmark.

Hiring Software 87

Hiring Software Hiring Benchmarking Onboarding 87

Visier - Talent Acquisition

AUGUST 12, 2021

It makes doing analysis on issues like employee turnover and pay inequity difficult, leading to a murky view of a company’s workforce. Data standardization is critical if people analytics is to be undertaken in an accurate, impactful way. People change jobs all the time.

Visier 52

Visier Comparison Data Analysis 52

HRO Today

OCTOBER 21, 2019

We wanted to be in control of our messages to the organization so that employees didn’t let uncertainty or absence of information get in the way of productivity. We undertook a thorough review of each of the legacy company’s policies and benchmarked industry standards as well. How are you leveraging HR analytics to gain insight into your talent? We have an HR analytics team that is really passionate about data.

Retention and Turnover 43

Retention and Turnover Analysis Benchmarking Human Capital Management 43

Visier - Talent Acquisition

APRIL 27, 2020

Manufacturers will be wary of burning through cash to make products that don’t sell, and movie theater operators will not want to play films to empty cinemas. It will be imperative to have a people analytics capability that can support advanced planning and handle immediate priorities.

Visier 82

Visier Analytics Data Benchmarking 82

Visier

NOVEMBER 12, 2015

Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs. Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark. Alternatively, if your hiring process is doing well and landing a diverse set of new employees, but you see no change in overall organizational diversity, then you need to review the retention of your diverse employees – not just the hiring part.

Diversity 221

Diversity Metrics Visier Hiring 221

Visier - Talent Acquisition

NOVEMBER 5, 2019

Over the last two decades, we’ve seen almost all corporate functions infuse analytics into their businesses. Today, organizations have to redefine what it means to be “data-driven” as technology and analytics capability continue to change and aggressively mature. “Today, organizations have to redefine what it means to be “data-driven” as technology and analytics capability continue to change and aggressively mature. The pressure is on to boost retention.

Analytics 57

Analytics Visier Data Benchmarking 57

Analytics in HR

MAY 11, 2020

A perspective and toolkit used to understand the users of certain products/services, so that products and/or services can be developed further with a focus on the user experience. An economy where the product and service experience is key, not the product or service itself.

Onboarding 78

Onboarding Metrics Retention and Turnover Analysis 78

Vantage Circle

SEPTEMBER 16, 2020

Pulse survey tool offers an excellent way to set an industry benchmark for companies and gain insights into employee survey. Peakon has evolved to become a full-fledged SaaS for employee retention. Benchmarking. Pros: Improvement in Team Productivity. Reporting/Analytics.

Planning Tools 52

Planning Tools HR Software Survey TinyPulse 52

Vantage Circle

SEPTEMBER 16, 2020

Pulse survey tool offers an excellent way to set an industry benchmark for companies and gain insights into employee survey. Peakon has evolved to become a full-fledged SaaS for employee retention. Benchmarking. Pros: Improvement in Team Productivity. Reporting/Analytics.

Planning Tools 52

Planning Tools HR Software Survey TinyPulse 52

Visier - Talent Acquisition

DECEMBER 9, 2020

Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs. Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark.

Diversity 87

Diversity Metrics Visier Hiring 87