Netchex HR Blog

NOVEMBER 28, 2022

The term “analytics” gets tossed around carelessly these days. Like tech companies talking about “artificial intelligence” or job applicants’ not-so-clever use of “proficient in Microsoft Word,” people can use the term “analytics” to mean just about anything. What is included in HR Analytics and Reporting? Data (Metrics).

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EmployeeConnect

AUGUST 28, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

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EmployeeConnect

AUGUST 27, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

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HR Software Hiring Software Onboarding Software Recruiting Software 130

EmployeeConnect

AUGUST 27, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

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EmployeeConnect

MARCH 6, 2024

One persistent challenge stands out as a formidable hurdle for HR managers: employee retention. This blog explores the problem of high turnover rates and the multifaceted challenge of retaining valuable employees. High turnover rates signal deeper issues within an organisation, often resulting from a combination of factors.

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Retention and Turnover HR Software Bonuses and Incentives Career Development 264

Analytics in HR

JULY 22, 2024

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. They provide valuable insights into various aspects of the employer-employee relationship, such as employee engagement, satisfaction, and turnover rates. HR tip Measure employee engagement often.

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Employee Relations Metrics Hiring Software Onboarding Software 101

EmployeeConnect

JULY 25, 2024

An HRIS can revolutionise how HR departments manage and utilise their data, providing a robust platform for enhancing reporting and analytics. How HRIS Enhances Reporting and Analytics Centralised Data Management : An HRIS consolidates all HR-related data into a single, centralised system.

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HR Bartender

MARCH 5, 2019

In thinking about analytics, I could see how using the four levels of analytics could be a good approach for problem solving. Here’s an overview of the four analytics levels and how it could be applied to address a challenge many organizations face: employee turnover. DESCRIPTIVE analytics is focused on what’s happened.

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HR Lineup

OCTOBER 2, 2024

Turnover Rates: Insights into the rate at which employees join and leave the organization. Turnover and Retention Analysis Tracking headcount over time helps organizations monitor employee turnover rates and identify patterns or trends. to evaluate retention strategies and succession planning.

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EmployeeConnect

AUGUST 25, 2024

This is where Workforce Analytics, powered by Human Resources Information Systems (HRIS), becomes indispensable. The Role of Workforce Analytics in HR Workforce Analytics involves the use of data-driven methods to understand, predict, and optimise workforce behaviour and performance.

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EmployeeConnect

AUGUST 25, 2024

This is where Workforce Analytics, powered by Human Resources Information Systems (HRIS), becomes indispensable. The Role of Workforce Analytics in HR Workforce Analytics involves the use of data-driven methods to understand, predict, and optimise workforce behaviour and performance.

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HR Planning Planning Tools HR Software Hiring Software 130

Synergita

JULY 5, 2017

Predictive Analytics on the fore If you say Predictive Analytics is the future of mankind, you are not really off the mark. So, there comes Predictive Analytics which identifies the right data and converts them into intelligent reports. Sounds simple, right???

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DailyPay

JULY 13, 2021

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often. READ THE EBOOK.

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Wage and Hour Training Retention and Turnover Hiring Software Compliance Training 52

Accendo Technologies

SEPTEMBER 26, 2024

Our article dives into how talent analytics play a crucial role in improving talent retention strategies. It explores the current landscape of data analytics in HR, the common struggles organisations face when adopting these tools and provides actionable insights into how companies can effectively leverage data to boost retention.

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Peoplebox

NOVEMBER 12, 2024

Track your bounce rates through Google Analytics to spot where candidates bailout. With data, you have key metrics like turnover rates, departmental movements, and skill gaps in place. If data shows a regular turnover in certain months, you can plan ahead so you won’t have to scramble to fill positions at the last minute.

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Best Of HR

JANUARY 2, 2023

What’s the best HR analytics software? From Hibob to Whatfix, here are the 10 answers to the question, “What’s the best HR analytics software?” Hibob is the best HR analytics software for small to mid-sized businesses. IntelliHR is the best HR analytics software out there. ” Hibob.

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Empuls

SEPTEMBER 29, 2023

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%. It comes down to the nature of the job: 1.

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Hiring Software HR Software Recruiting Software Staffing Software 40

Pixentia - HCM

MAY 7, 2024

Many companies struggle with talent shortages and high turnover rates caused by changing market trends, rising employee expectations, and advanced AI technology. CHROs are more motivated than ever to find efficiencies in decision-making processes, improving company culture and talent retention.

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Accurate Background

OCTOBER 17, 2024

In today’s competitive job market, high employee turnover is more than just a minor inconvenience—it’s a significant financial drain. With the average annual turnover rate in the U.S. And, as if employee churn wasn’t painful enough, recruiting new talent to fill all this turnover isn’t cheap.

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HRExecutive

AUGUST 29, 2024

This philosophy has elevated people analytics to an organizational imperative for many companies. One organization that has adopted a tech-driven people analytics approach is Gore Mutual Insurance, an Ontario-based firm with more than 600 employees. Why people analytics?

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Analytics HR Planning Visier HR Software 118

Engagedly

MARCH 10, 2023

One of the most interesting staffing and employment trends that we’re seeing is the use of new technologies like artificial intelligence (AI) and machine learning (ML) to help companies identify the best candidates for their open positions. Importance of Staffing and Employment Trends Staffing and employment trends are changing.

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Hppy

APRIL 23, 2024

From a more efficient workflow to AI developments and implementation, you must be ready for the new and unique HR trends that will transform the sector’s future. Today, we’ll delve into more detail about the latest HR trends for 2024 and explain their potential benefits. This is tightly connected to the firm’s turnover.

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Talentia

OCTOBER 10, 2024

Define your KPIs To identify trends and assess the impact of your strategic workforce plan , you need to have the right KPIs in place. Common KPIs include employee headcount, retention rate, promotions, quality of hire, voluntary vs. involuntary turnover rates and diversity metrics.

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EmployeeConnect

FEBRUARY 14, 2024

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Simultaneously, retaining these talents is proving to be just as challenging.

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Analytics in HR

OCTOBER 1, 2024

These metrics also enhance the employee experience by preventing overwork, boosting satisfaction, and improving retention. These KPIs assess key areas like employee productivity, turnover, schedule adherence, and labor cost efficiency. Addressing these issues quickly can improve employee satisfaction and reduce turnover.

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Metrics Retention and Turnover Hiring Software Staffing Software 52

Visier

MAY 29, 2018

Hiring, vacancies and turnover are critical measures on both the state of the economy and the health of the organization. Some turnover is healthy for organizations, but the danger in such record-setting times is passing a critical threshold of talent loss. For many organizations, voluntary turnover costs millions of dollars.

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Hiring Software Analytics Retention and Turnover Onboarding Software 152

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. Why should HR make employee retention a priority? The Era of Foot Locker Workforce Analytics.

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Analytics HR Software Retention and Turnover Hiring Software 150

Acendre

OCTOBER 3, 2023

It’s no secret that employee retention has skyrocketed to the top of the HR agenda across industries. But what is the best way to go about creating a solid retention strategy? Well, a whopping 82% of organizations (according to SHRM Research) now embrace people analytics to tackle the turnover challenge.

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Analytics HR Software Retention and Turnover Onboarding Software 52

Hire Road

DECEMBER 11, 2023

Talent retention is a critical aspect of HR. But they often struggle with: Identifying the root causes of high turnover Implementing effective strategies to boost talent retention But fear not! In this article, we’ll discuss how people analytics can transform your talent retention efforts. HR operations know this.

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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.

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Analytics HR Software Retention and Turnover Hiring Software 150

HR Bartender

JANUARY 5, 2020

One approach to make for better data gathering and problem solving would be to use analytics. Here’s an overview of the four analytics levels and how they could be applied to address a challenge many organizations face: employee turnover. DESCRIPTIVE analytics is focused on what’s happened. It’s just an example.).

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Business Management Daily

MARCH 18, 2024

There’s one thing these questions all have in common: you can answer them all by digging into your people analytics. What is people analytics? People analytics is so important to HR departments because it helps form essential HR KPIs (key performance indicators). How can you improve employee engagement ?

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HR Software Hiring Software Onboarding Software Interview Software 105

Analytics in HR

AUGUST 9, 2022

Therefore, HR leaders are very concerned with keeping employee turnover low. That’s why employee turnover data analysis is a valuable tool in your HR arsenal. Understanding employee turnover helps you prevent employees from leaving and retain top talent. Contents What is employee turnover data analysis?

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Analysis Data Retention and Turnover Hiring Software 129

Peoplebox

SEPTEMBER 17, 2024

Companies’ year-on-year turnover rates will be 50-70% higher in the future. We all know it takes high-level engagement to increase retention but with daily tasks, for HRs, it’s hard to manage both work and engagement practices. This blog shares top employee retention software from which you can choose the best for your business.

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HR Software Hiring Software Onboarding Software Planning Tools 52

HRExecutive

APRIL 8, 2024

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Mitigating the costs of employee turnover for frontline workers isn’t just an HR issue.

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Netchex HR Blog

JANUARY 18, 2023

Like every year, several HR trends for 2023 have emerged. Here are the top 10 HR trends for 2023 that you must work towards (with the help of HR technology) this year: Weather the recession by empowering people. Demonstrate value with data & analytics. DISCOVER: How Technology Makes HR Reporting & Analytics Easier.

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Analytics in HR

OCTOBER 24, 2024

There are as many reasons for employee turnover as there are people who leave their jobs. This article explores some of the most common reasons for employee turnover and ways to prevent it. Contents What is employee turnover? Let’s get started!

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