Analytics in HR

JUNE 15, 2020

In this article, we will explore the key metrics that you need to prepare your organization for the future. For this article, I want to zoom in on the data and metrics that are useful to create in the Strategic Workforce Development process and why. This is where strategic workforce planning, or development, comes in.

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Metrics HR Planning Retention and Turnover Hiring Software 120

Analytics in HR

MARCH 21, 2023

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? Contents What is attrition rate?

Hiring Software 119

Hiring Software Retention and Turnover Compliance Training Compensation 119

Payactiv

NOVEMBER 20, 2024

In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%

Sexual Harassment 52

Sexual Harassment Hiring Software Background screening Staffing Software 52

HR Lineup

OCTOBER 2, 2024

This article serves as a complete guide to headcount reporting, covering its definition, importance, and best practices. Turnover Rates: Insights into the rate at which employees join and leave the organization. Hiring & Attrition Rates: Track the number of hires and separations to monitor turnover and gauge employee satisfaction.

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Staffing Software Hiring Software Report AI Recruiting 88

Business Management Daily

JUNE 14, 2023

Organizations in the US have had a problem with high turnover rates ever since 2018, when they hit an all-time high. Turnover rates have continued to increase ever since, especially during The Great Resignation — where more than 47 million Americans voluntarily quit their jobs. Does your company’s turnover rate need work?

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Retention and Turnover How To HR Planning Retirement 52

Analytics in HR

NOVEMBER 2, 2022

This article will discuss each of these types and their application in HR. If you’d like to read some examples of HR analytics and dive deeper into all that it entails, our article on What is HR Analytics written by AIHR co-founder Erik van Vulpen provides a great starting place. Contents What is human resources analytics?

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Analytics HR Planning HR Software AI Recruiting 134

15Five

JANUARY 11, 2023

If you’re at the coffee bar throwing back espresso shots this morning because you were up all night worrying about turnover at your company, you’re not alone. 15Five’s latest research shows that more than 80% of business leaders believe a decrease in employee retention presents a risk to company success. Retirement.

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Retention and Turnover Retirement HR Software Talent Experience 246

Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

Analytics in HR

OCTOBER 11, 2022

This article will provide HR managers with a clear understanding of an employee development plan and how to assist managers and employees in creating and implementing an effective plan. An engaged workforce often equates to higher productivity rates, increased profitability and employee retention. Reducing turnover. Skills gaps.

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Planning Tools HR Software Compliance Training Hiring Software 145

Analytics in HR

MARCH 16, 2023

Talent development and retention An Employee Benefits News study shows that the average cost of losing talent is 33% of a company’s annual revenue. Who is likely to be promoted, retire, be made redundant or exit the business over the next year?

AI Recruiting 130

AI Recruiting HR Software Strategy Hiring Software 130

Analytics in HR

FEBRUARY 28, 2024

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. Example: Annual employee turnover rate.) A closer look at employee turnover can reveal helpful insights, such as which departments, positions, or managers lose the most workers.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

Analytics in HR

SEPTEMBER 7, 2023

Whether you’re a student interested in HR or a professional looking to transition, this article will guide you with the information needed to be a successful human resource professional. HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits.

HR Planning 119

HR Planning Hiring Software Resources Background screening 119

Analytics in HR

NOVEMBER 15, 2022

This article provides an indepth dive into the two models, what are the benefits of each, as well as the limitations and considerations for HR professionals. FTE and headcount as resource management methods have benefits and drawbacks, which will be unpacked further in the article. Full-Time Equivalent (FTE).

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HR Planning HR Software Hiring Software Metrics 106

Analytics in HR

JULY 26, 2022

Headcount planning involves setting hiring targets, creating reskilling and upskilling plans for current employees, decreasing employee turnover, and analyzing worksite occupancy and company-specific objectives and strategies. HR and management can collaborate to make financial decisions based on accurate headcount data and future plans.

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HR Planning Planning Tools HR Software Hiring Software 141

Analytics in HR

MAY 10, 2023

This article offers a deep dive into HR’s responsibilities. They ensure that employees receive the benefits they’re entitled to, including health insurance, retirement plans, and vacation time. This shift has been slow but steady, and has led to a dramatic increase in the value HR professionals provide to any organization.

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Talent Management HR Software Compliance Onboarding Software 92

Analytics in HR

JUNE 19, 2023

Forecasting is also used to determine shifts in the labor market, turnover rates, and retirement projections to help businesses identify what skills they will need in the long term. For instance, if the head of marketing plans to retire next year, a new candidate must be identified and trained for the role.

Planning Tools 105

Planning Tools Talent Experience Hiring Software Recruiting Software 105

Analytics in HR

FEBRUARY 15, 2022

Workforce analysis takes a broader approach than people analytics by using both employee and ROI data to make informed recruitment, retention, and employee management decisions. Organizations can then address any identified gaps with a suitable solution. These insights are crucial for an effective workforce planning process.

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Analysis HR Planning Hiring Software Retention and Turnover 96

Dr. John Sullivan

DECEMBER 3, 2023

The silliest practice in retention is counting all quits equally in your turnover calculations. So the purpose of this article is to “open your mind” about the problem of measuring only aggregate “total turnover. Which I call “devastating turnover.”An

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Retention and Turnover AI Recruiting Hiring Software Diversity 146

Analytics in HR

MAY 29, 2024

This article unpacks 93 HR terms, including a usage example for each. As for the latter, this article is a great place to start. HR term example: “Examples of ageism in the workplace include marginalization, reduced training opportunities, (semi) forced retirement, and unequal pay.” This is called reverse ageism.

COMPAS 89

COMPAS HR Software HR Planning Hiring Software 89

Achievers

SEPTEMBER 12, 2024

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response.

Retention and Turnover 123

Retention and Turnover Hiring Software Employer Branding Recruiting Software 123

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.

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

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? How To Reduce Employee Turnover with HR Analytics.

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

Analytics in HR

JUNE 28, 2022

Employee attrition and employee retention are important HR metrics for developing and managing a robust, productive workforce, especially in the context of Great Resignation. Employee attrition and retention are two concepts on the opposite ends that address the same situation. What is employee retention? Why measure retention?

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Retention and Turnover Metrics Employer Branding Talent Experience 143

Analytics in HR

JUNE 30, 2023

Doing this well leads to lower turnover, higher productivity, and increased engagement. Reducing costs – A well-designed talent acquisition strategy helps reduce recruitment costs by streamlining the hiring process, improving the quality of hires, and lowering turnover rates, saving both time and resources in the long run.

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Talent Acquisition Video Recruiting Hiring Software AI Recruiting 25

Analytics in HR

NOVEMBER 24, 2021

How many are approaching retirement?). Be sure to include factors such as these: New products or services on the horizon Prospective mergers or acquisitions Labor costs Projected employee retirements/vacancies and turnover rates Technological advances and automation. How do employees rank in the performance evaluation data?

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HR Planning Planning Tools Resources Video Recruiting 97

DecisionWise

APRIL 13, 2024

Employee engagement and retention play a pivotal role in the success of any organization, and manufacturing companies are no exception. In this article, we’ll delve into strategies to enhance employee satisfaction, reduce turnover, and create a positive work environment within manufacturing organizations.

Employee Engagement 130

Employee Engagement Decisionwise Retention and Turnover Onboarding Software 130

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 140

HR Lineup

JANUARY 22, 2024

This article explores the intricacies of the workforce planning model, breaking down its process, highlighting the benefits, identifying key elements, and providing real-world examples. This includes predicting retirements, turnover rates, expansion plans, and changes in skill requirements.

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Workforce Planning Planning Tools HR Planning Hiring Software 59

PI Worldwide

FEBRUARY 4, 2022

The fact is, employee turnover isn’t completely under your control. Other times, turnover is high because of a competitive market or other outside factors. In this article, we’ll show you powerful strategies to keep retention high. How do I calculate voluntary and involuntary turnover? “They’re leaving now ?

Retention and Turnover 129

Retention and Turnover Strategy Hiring Software Background screening 129

EmployeeConnect

FEBRUARY 12, 2023

Employee retention is a critical issue facing companies in today’s competitive business environment. In this article, we will explore the causes of employee turnover, the benefits of employee retention, and the best practices and strategies for managing a successful and productive workplace.

Hiring Software 130

Hiring Software Retention and Turnover Onboarding Software Productivity 130

Analytics in HR

JANUARY 4, 2024

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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Retention and Turnover HR Planning How To Retirement 102

Analytics in HR

SEPTEMBER 12, 2024

This article discusses how you can use a workforce planning template to make the process more efficient and effective. This not only improves the organization’s ability to meet future challenges but also enhances employee engagement and retention by providing clear career paths and growth opportunities.

Workforce Planning 52

Workforce Planning Planning Tools HR Software HR Planning 52

Sterling Check

DECEMBER 21, 2020

I don’t think we can underestimate the reality of turnover.” Others have retired, or simply left the healthcare workforce permanently. ” A December 15th Los Angeles Times article reports that California has “so far acquired just one in 10 temporary contracted positions needed to treat surging caseloads.”

Competencies 62

Competencies Hiring Software Staffing Software Hiring 62

HR Lineup

SEPTEMBER 27, 2024

This article explores the key differences between Human Resource Information Systems (HRIS) , Human Capital Management (HCM) , and Human Resource Management Systems (HRMS) , helping HR professionals understand which system best suits their organizational needs. Think of it as the HR software focused on record-keeping.

HR Software 52

HR Software Onboarding Software Planning Tools Recruiting Software 52

Best Money Moves

JULY 14, 2021

4 ways financial wellness can boost employee retention. Retention is an increasing problem in the post-COVID workforce. In the post-COVID world, retention is an increasingly complex problem that organizations are struggling to solve. . Consider these four ways that financial wellness benefits can help boost employee retention.

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Wellness Planning Tools HR Software Retention and Turnover 116

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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Retention and Turnover Hiring Software Interview Software How To 98

Analytics in HR

SEPTEMBER 13, 2022

Dysfunctional turnover does not only cost organizations a lot of money, but it also disrupts work and affects productivity. So let’s look at what dysfunctional turnover is and how you can reduce it in your organization. Contents What is employee turnover? What is dysfunctional turnover? What is employee turnover?

Retention and Turnover 118

Retention and Turnover Hiring Software HR Planning Interview Software 118