Best Of HR

FEBRUARY 11, 2023

What are some best practices for talent management metrics? From employee mobility to net talent exporter, here are 10 answers to the question, “What are the most important talent management metrics, and why?” Therefore, having a high turnover rate means high costs in terms of finance, productivity, and engagement.

Metrics 75

Metrics Talent Management Talent Experience Retention and Turnover 75

HR Lineup

FEBRUARY 9, 2024

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.

Metrics 52

Metrics Payroll Staffing Software Wage and Hour Training 52

Vantage Circle

JANUARY 18, 2023

Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction. "Employee turnover" is a word that makes HR practitioners' hearts skip a beat. What is Employee Turnover? What is Employee Turnover?

Retention and Turnover 91

Retention and Turnover HR Planning Hiring Software How To 91

PandoLogic

MARCH 31, 2023

When hiring in the healthcare industry, keeping an eye on key staffing metrics is critical to improving hiring practices and the quality of care. What are the Most Important Staffing Metrics for Healthcare Facilities to Track? It is an important staff metric because it impacts the quality of care that patients receive.

Staffing Software 52

Staffing Software AI Recruiting Staffing Metrics 52

Business Management Daily

JANUARY 20, 2023

As organizations become more complex, data helps clarify the picture of what’s going on as it relates to employee engagement and retention. It also helps companies spot and anticipate trends across the field of HR to know what to do in the future. It allows companies to examine what they have tried and what differences it has made.

COMPAS 59

COMPAS Metrics HR Planning Hiring Software 59

MP Wired For HR

OCTOBER 29, 2024

By incorporating workforce planning into financial models, organizations can predict costs related to hiring, training, and employee turnover, leading to more precise budgeting. Higher Employee Retention: Financial investments in employee development, guided by HR insights, can significantly enhance employee retention.

Workforce Planning 115

Workforce Planning Planning Tools Retention and Turnover Talent Acquisition 115

HR Lineup

OCTOBER 2, 2024

It provides a comprehensive view of the number of employees within a company, segmented by various categories such as department, job function, location, and employment status. Turnover Rates: Insights into the rate at which employees join and leave the organization.

Staffing Software 89

Staffing Software Hiring Software Report AI Recruiting 89

15Five

NOVEMBER 14, 2023

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

Course 245

Course Retention and Turnover HR Software Metrics 245

15Five

MAY 19, 2023

According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. Most other business functions have a standard set of metrics that show the effectiveness of their team and how they’re contributing to the company’s bottom line (e.g.,

HR Planning 263

HR Planning Metrics HR Software Hiring Software 263

15Five

JANUARY 18, 2024

Excessive turnover can cripple an otherwise healthy organization. While all organizations have to accept some level of turnover, too much of it can significantly affect performance. That’s why knowing what a turnover rate is and keeping track of it is important for HR departments. Check out our guide here.

Hiring Software 241

Hiring Software Retention and Turnover Onboarding Software HR Software 241

15Five

MARCH 15, 2024

Founded in 2012 and headquartered in Austin, TX, the company is responsible for over 130 employees. When she joined TrustRadius, employee turnover was 40% — a number that Jamy needed to reduce quickly. Engagement is a key driver of turnover, so when they took a look at their retention rates they saw massive improvements.

HR Software 240

HR Software Onboarding Software Retention and Turnover Employee Engagement 240

15Five

JANUARY 23, 2024

Turnover is just part of doing business. While some turnover is normal, too much can damage your organization’s performance, lower morale, and even interrupt important projects. That’s why, as an HR professional, you need a simple way to calculate, analyze, and manage your turnover rates.

Retention and Turnover 257

Retention and Turnover Hiring Software How To Onboarding Software 257

FingerCheck

OCTOBER 19, 2023

A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?

Talent Experience 52

Talent Experience Retention and Turnover Strategy Hiring Software 52

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?

Retention and Turnover 52

Retention and Turnover How To HR Planning Retirement 52

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

Analytics in HR

OCTOBER 8, 2024

Culture metrics provide crucial information into the ‘pulse’ and overall health of a company’s culture and work environment. Positive company culture has many business advantages, so you should know how to measure it and which relevant metrics to track. Contents What are culture metrics?

Metrics 85

Metrics Hiring Software Onboarding Software Assessment Software 85

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

Insperity

JANUARY 21, 2021

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee turnover? So, the turnover rate in this example is 21.62

Retention and Turnover 80

Retention and Turnover Hiring Software Retirement Onboarding Software 80

Essium HRM

NOVEMBER 8, 2023

It typically serves as an introduction, providing incoming employees with critical insights into their new roles, environments, and company cultures. Here are some metrics that can help you measure the success of your onboarding program. As a result, onboarding often has a direct impact on employee retention.

Onboarding Software 81

Onboarding Software Onboarding Hiring Software Retention and Turnover 81

Business Management Daily

FEBRUARY 26, 2024

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. A key performance indicator is a metric that measures the effectiveness of something, and it can take all sorts of forms. How is that?

HR Planning 98

HR Planning HR Software Hiring Software Retention and Turnover 98

Analytics in HR

MAY 10, 2022

Implementing a solid employee retention strategy is critical for any company. Let’s have a look at employee retention metrics that help improve employee retention at your organization. Let’s have a look at employee retention metrics that help improve employee retention at your organization.

Metrics 142

Metrics Retention and Turnover Hiring Software HR Planning 142

Vantage Circle

DECEMBER 19, 2023

Employee retention is pivotal for businesses that cultivate a productive and satisfied workforce. High employee turnover is costly and disruptive. No wonder companies go to great lengths to keep employees happy and engaged so that they won’t leave. This article explores these employee retention metrics.

Metrics 97

Metrics Hiring Software Retention and Turnover Assessment Software 97

Pingboard

JULY 7, 2021

In this post, we’ll go over 20 HR metrics — qualitative and quantitative — that will deliver the clearest insights for your organization. . What Are HR Metrics? . As you’ll see, HR metrics include a wide range of core and non-core areas like: . Retention . Key HR Metrics: 3 Major Categories. Recruitment.

Metrics 52

Metrics Hiring Software HR Software HR Planning 52

Empuls

SEPTEMBER 29, 2023

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. With the challenges of demanding customers, repetitive tasks, and, sometimes, stringent performance metrics, it's no surprise that keeping employees motivated and satisfied can be challenging.

Hiring Software 40

Hiring Software HR Software Recruiting Software Staffing Software 40

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

Retention and Turnover 244

Retention and Turnover HR Planning Onboarding Employee Recognition 244

15Five

DECEMBER 7, 2023

Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. With the pivotal role managers play in fostering employee engagement, productivity, and retention, it was imperative to equip and support them effectively.

Onboarding Software 263

Onboarding Software Onboarding Retention and Turnover HR Software 263

15Five

OCTOBER 4, 2023

Managers have an outsized impact on the outcomes that matter most to HR leaders, including employee engagement, performance, and retention. The more effective managers you have across the organization, the better your employees—and the company—will perform.

Metrics 241

Metrics HR Software Retention and Turnover Planning Tools 241

Homebase

MAY 10, 2023

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Staffing Software 52

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 Which I call “devastating turnover.”An

Retention and Turnover 146

Retention and Turnover AI Recruiting Hiring Software Diversity 146

Peoplebox

NOVEMBER 12, 2024

In this guide, we’ll walk you through how to use data to spot, attract, and land the talent your company actually needs. It’s not endless A/B testing of job descriptions or obsessing over every minor metric. With data, you have key metrics like turnover rates, departmental movements, and skill gaps in place.

Video Recruiting 52

Video Recruiting AI Recruiting Recruiting Software Hiring Software 52

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. What is turnover?

Retention and Turnover 238

Retention and Turnover Retirement HR Software Talent Experience 238

Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 59

Metrics Retention and Turnover HR Software Benchmarking 59

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

HR Planning 241

HR Planning Retention and Turnover Objectives & Key Results HR Software 241

EmployeeConnect

NOVEMBER 21, 2024

For instance, instead of simply tracking employee turnover, analytics can help HR leaders identify turnover patterns, understand root causes, and implement targeted retention strategies. This includes metrics such as recruitment, retention, employee engagement, performance, and productivity.

Planning Tools 130

Planning Tools HR Software Hiring Software Recruiting Software 130

HiBob

FEBRUARY 13, 2023

One of the best ways to understand how to translate organizational needs into new hires and guarantee a strong team with high-quality professionals and low attrition rates is to leverage workforce planning metrics. What are workforce planning metrics? Use the tenure distribution metric to understand who your high-potential talent is.

Workforce Planning 148

Workforce Planning Metrics Planning Tools Hiring Software 148

Cornerstone On Demand

APRIL 5, 2017

According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function.

Metrics 352

Metrics Recruiting Software Hiring Software Retention and Turnover 352

Primalogik

SEPTEMBER 19, 2024

To accomplish your organizational goals, it’s vital to address employee attrition and reduce turnover. Let’s take a look at some key stats about attrition vs. turnover. Gallup has found that 1 in 2 employees are open to leaving their company. Turnover happens when employees depart their organization for a job elsewhere.

HR Software 52

HR Software HR Planning Hiring Software Retention and Turnover 52