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Rent” is a common dichotomy in technology buying, but what does it mean when applied to people analytics? The race to adopt people analytics is heating up: according to the Bersin by Deloitte HR Technology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”.
At our Outsmart panel , Solving the Skills Challenge with Data, Ian Cook , Visier’s VP of People Analytics, spoke with three experts about the challenges of skills development in today’s workforce. The post How 3 Organizations Solve the Skills Challenge with People Data appeared first on Visier Inc.
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.”. How much must you do?
These aren’t new questions in the field of people analytics. One of the amazing aspects of working at Visier is the engagement of our customers. We are in the fortunate position of working with many of the leaders in the people analytics space and these individuals are distinguished by their vision and their willingness to collaborate.
Through interviews with HR and Future of Work thought leaders, third-party research, insights gained from Visier’s experts, and benchmarking data, we have uncovered three critical areas where leaders must rethink their talent approaches. How to leverage people analytics and ONA to survive the ongoing health crisis
HR analytics allows HR professionals to make informed decisions and create strategies that will benefit employees and support organizational goals. In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities. Contents What is HR analytics?
That's where workforce analytics software comes in. Workforce analytics software compiles all of your data in a central location, where you can evaluate and compare a variety of metrics. In this article, we're covering the benefits of workforce analytics and some of the most powerful software options you can choose from.
Here is a challenge that many of our People Analytics prospects faced: despite making changes to improve diversity and inclusion , their overall diversity metrics had remained relatively stable. The post Why Cohort Analysis is Key to Effective D&I Programs appeared first on Visier Inc. Why your D&I numbers stay the same.
Jac Fitz-enz — now celebrated as the father of human capital strategic analysis and measurement — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old.
According to Top Products judges, Visier Vee stands out by offering data-driven insights designed to support HR leaders, managers and CHROs in their decision-making. Thirteen were chosen as winners, with a single prize given to the most innovative tool—in 2024, that is Visier Vee. Why Visier Vee?
At this year’s Visier Outsmart (our annual user conference), we were fortunate to have two notable industry thought leaders take part: Tom Davenport, Big Data luminary and pioneer of the concept of “competing on analytics,” and Dr. John Sullivan, internationally renowned HR thought leader (and guest writer on the Visier blog ).
Pay equity software helps organizations identify and address pay gaps by providing analytical insights into compensation trends, disparities, and biases. It uses data analytics and statistical methods to identify potential pay gaps related to factors such as gender, race, ethnicity, or other demographic characteristics.
Research carried out by the HR Analytics ThinkTank, a partnership between universities and private companies that compiles intelligence on the people analytics field, shows that data played a crucial role in decision making during the Covid-19 crisis, helping HR teams address immediate issues and answer unprecedented questions.
Jac Fitz-enz — now celebrated as the father of modern HR — founded the Saratoga Institute , and developed the first international HR benchmarking service. In this first wave of benchmarking, HR was provided with static comparison data that was typically 24 months old. Enter HR Benchmarking 2.0: to “we need to act.”
These are troubling times and I have been inspired by hearing how you (our customers) are using Visier to help safeguard your employees and businesses. The visual above shows an analysis in Visier People to gain insight into employee risk by location. The post To Our Customers: We’re Here for You appeared first on Visier Inc.
Below, I outline different ways people analytics can be used to support these processes. Analytics can help you evaluate: Strength of your pipeline. Analytics can help you have a more robust conversation about employee and organizational needs. For example, analytics allows you to: Evaluate commitment of high potential talent.
In a recent report we released on the female leadership ratio , we showed how our customers have improved their representation of women in the successor pool for leadership roles beyond McKinsey’s benchmark range. Clearly, our customers are making real, meaningful progress through the use of people analytics.
Effective people analytics means understanding how a company’s past and current employees relate to one another and how their duties, compensation, behaviors and more have changed over time. Data standardization is critical if people analytics is to be undertaken in an accurate, impactful way. How to use Visier to standardize jobs.
Here’s how to use those four elements to help tell your analytics story. Communicate the right context—for instance, previously established goals, historical data, KPIs, or industry benchmarks—to your audience so they understand why the data is important. Plot: What are questions are you addressing? Characters: Know your audience.
Here’s how to use those four elements to help tell your analytics story. Communicate the right context—for instance, previously established goals, historical data, KPIs, or industry benchmarks—to your audience so they understand why the data is important. Plot: What are questions are you addressing? Characters: Know your audience.
The same could be said – most recently – for the terms, “workforce analytics,” “talent analytics,” and other variants of this. Given the frequency of use of both, it is critical to understand what HR transformation really is and the role workforce analytics plays in effective HR transformation. What is HR Transformation?
The Benchmark Firm to Follow Is Google. Many Talent Acquisition leaders look for benchmark firms that can serve as a model that they can follow. I recommend that you look at Google as the analytics model to follow. a regular part of their analytic work in order to eliminate the many currently use factors that don’t predict.
When I asked, “Who has a people-analytics team?”, Indeed, people analytics is coming to a theater near you. People-analytics teams range in size from 2 percent to 7 percent of the total HR workforce. There are four major categories of vendors delivering the most promising people-analytics insight and data.
Conduct A Skills Gap Analysis Assess your organization’s current skills and identify gaps using workforce analytics tools that align with your business objectives. After this, you’ll analyze and compare their web designing skills with industry standards or competitor benchmarks using trusted sources. Here’s what to do: 1.1.
Although it can be overwhelming to start it is needed to succeed and people analytics can help—a lot! Your organization is already sitting on a wealth of data, and people analytics can turn that data into actionable insights. Looking for more information on how people analytics can shape your diversity and inclusion strategy?
Decisions about hiring and training will be tied more carefully to the bottom line” (predicted by frequent Visier guest writer, John Boudreau ). “A Connecting HR Technology, Analytics and Employee Experience Design @ 1:15pm. Research Report: Measuring the Economic Impact of People Analytics @ 3:30pm.
Decisions about hiring and training will be tied more carefully to the bottom line” (predicted by frequent Visier guest writer, John Boudreau ). “A Connecting HR Technology, Analytics and Employee Experience Design @ 1:15pm. Research Report: Measuring the Economic Impact of People Analytics @ 3:30pm.
Decisions about hiring and training will be tied more carefully to the bottom line” (predicted by frequent Visier guest writer, John Boudreau ). “A Connecting HR Technology, Analytics and Employee Experience Design @ 1:15pm. Research Report: Measuring the Economic Impact of People Analytics @ 3:30pm.
If not, then consider adopting an HR analytics software program so you can start making data-driven decisions. HR analytics solutions can provide actionable insights into your employee experience, such as the effectiveness of your onboarding process. What can HR analytics software do? Is the investment really worth it?
When I asked, “Who has a people-analytics team?”, Indeed, people analytics is coming to a theater near you. People-analytics teams range in size from 2 percent to 7 percent of the total HR workforce. There are four major categories of vendors delivering the most promising people-analytics insight and data.
Recommended Read: It’s About More Than HR: Analytics Learnings from Tom Davenport and Dr. John Sullivan. The Benchmark Firm to Follow Is Google. Many Talent Acquisition leaders look for benchmark firms that can serve as a model that they can follow. I recommend that you look at Google as the analytics model to follow.
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?
People analytics is critical for business because, at the end of the day, insights into our data enable us to drive better outcomes for my organization, Merck KGaA, Darmstadt, Germany. However, our people analytics showed us that there is, in fact, no magic number. ” How we actioned on workforce insights.
While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. At the Standardized level, dashboards are a common addition to the organization’s analytic capabilities. Workforce analytics connect to business results.
Certainly annual engagement surveys do encourage companies to measure themselves against the average, and to treat benchmarks as goals, rather than to develop engagement goals based on their business and people strategies. The problem is that this data is locked away in siloed HR systems that have little to no analytic ability.
Certainly annual engagement surveys do encourage companies to measure themselves against the average, and to treat benchmarks as goals, rather than to develop engagement goals based on their business and people strategies. The problem is that this data is locked away in siloed HR systems that have little to no analytic ability.
For example, the HR Business Partners (HRBPs) from Alere , a Visier customer, use standard slide presentations featuring data visualizations to provide an organization overview that includes headcount, retention, and first year retention. The post Data Journalism for HR: The Beginner’s Guide appeared first on Visier Inc.
People Analytics is a big deal. In our last study ( Deloitte Human Capital Trends 2018 ) we found that 71% of companies believe people analytics is an urgent priority, and this year, as the job market gets even tougher, CEOs are asking for more data than ever. How do we drive higher performance in the organization? Why the Growth?
AI-Driven Workplace Collaboration and Productivity Tools AI enhances workplace collaboration through smart scheduling, automated workflows, and predictive analytics. Predictive Analytics for Employee Retention AI predicts employee attrition by analyzing work patterns, engagement levels, and historical data.
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.
Make Benchmarks Actionable. While benchmarks will demonstrate where you stand in relation to your industry peers and where you could improve, they won’t help your audience understand what needs to be done. To get to the bottom of the issue, link benchmarks to other data. By asking, “how does learning impact resignation rate?”
Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark. A powerful workforce intelligence solution provides the analytics and planning capabilities that make diverse recruitment and retention much easier to oversee.
In my previous role at an HR association, we benchmarked absence rates for over 100 organizations and found that the number of employee absences was 28 per cent higher during the first quarter of 2010 (when the Winter Olympics was in full swing) than during the first quarter of 2009 (when the H1N1 flu scare was prevalent).
By using data and analytics, companies can create a tailored and realistic action plan aimed at retaining their employees. The people analytics team at BBVA Compass , a U.S. By using an analytics platform, the team crafted a strategy targeting the branches with the highest turnover for this role. Who Can We Afford to Lose?
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