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The Reason Companies Should Calculate Cost Per Hire

HR Bartender

Personally, I’m a big fan of the cost per hire metric. Internal recruiting costs include salary and benefits for everyone involved in the recruiting process as well as recruiting software, etc. I believe the goal of calculating CPH is to provide organizations with a benchmark for their recruiting activities.

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11 Important Employee Relations Metrics To Track

Analytics in HR

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. According to an HR Acuity report , tracking employee relations metrics has multiple business benefits. What are employee relations metrics? Contents What is employee relations?

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

Recently, I learned about a large software organization’s quest to build a people analytics solution. To achieve this, the company hired an HR business intelligence team, standardized their reporting metrics, and invested over $3 million in a data warehouse and business intelligence (BI) software. Software maintenance fees.

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Top 15 Tips to Track Payroll Metrics

HR Lineup

However, payroll management goes beyond simply issuing paychecks; it involves tracking and analyzing various metrics to ensure that the process is running smoothly and effectively. In this article, we’ll explore the top 15 tips for tracking payroll metrics to help businesses optimize their payroll processes and ensure compliance.

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A Practical Guide to Candidate NPS

Analytics in HR

It’s based on a well-known Net Promoter Score metric, which measures customer experience. cNPS is a recruiting metric and KPI that companies use to evaluate their candidate experience to improve the recruitment and selection process and employer brand. After the collection of data, the software consolidates the result.

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9 Best Workforce Analytics Software for 2024

Terryberry

Thousands of various data points and metrics can be used to describe your workforce, but gathering all of the data in one place and seeing it in an easy-to-understand format can be tricky. That's where workforce analytics software comes in. What is Workforce Analytics Software?

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

This HR software helps manage and process all the employee details above —along with HR policies and procedures—which you can summarize into a single, easy-to-understand report. Create a headcount report dashboard to gain accurate information on your current headcount status and key metrics in real-time. Prepare for multiple scenarios.