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Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. You can use KPIs to measure the effectiveness of specific aspects of your human resources department, such as hiring, onboarding, retention, and company culture.

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25 Workforce Management Metrics You Should Track

Analytics in HR

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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Human capital management: How to improve employee engagement

Business Management Daily

Some major HCM solutions include: ADP Workday Oracle HCM Paycor UKG Each solution will offer slightly different features, but some standard components of HCM solutions include: People analytics : Review and analyze your workforce metrics and employee data with detailed and customizable reporting. More resources: Under 50 employees?

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9 Best Workforce Analytics Software for 2024

Terryberry

RELATED: Talent Development: 7 Ways to Secure and Retain Top Talent Talent Acquisition and Retention Workforce analytics software provides insight into recruitment effectiveness, candidate quality, and employee turnover. Native integrations include ADP, SAP, Workday, Taleo, and other programs.

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The ROI of Recognizing Service Anniversaries

WorkHuman

Another way to measure the impact of service anniversaries is through employee retention. Constantly hiring employees because of high turnover is costly and time consuming. In the busy workday, it can be easy to focus on the work and forget the celebration. The results can be tracked over time and analyzed by workgroups.

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How Workday is Doubling Down on Data and Analytics

Workday

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. Why is this important? See How Your Organization Compares.

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How to Improve Retention of High-Potential Employees

Everwise

In recent years, employee turnover has become an increasing problem. So, how do you improve retention? Motivating employees to lean in isn’t about giving them a busier workday, or more projects. This engaged learning makes a positive difference in your company’s turnover rate. Set a retention rate to stay above.