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An effective HR dashboard makes it easy for People Teams to gain insights into turnover rates, labor costs, and other workforce metrics. HR dashboards typically include metrics related to recruitment, employee performance , turnover rates , absenteeism , training and development, employee engagement , and workforce diversity.
They use data sets to gain actionable insights on supply costs, customer retention, future business, and sales revenue to improve efficiency, productivity, & profitability. More companies are beginning to realize this, and they’re using HR analytics software to help make sense of all their employee data. How can it do that?
For instance, let’s say that you have a problem with retaining employees, so you turn to your analytics platform to find out why. After doing a little digging, you discover that most of your turnover occurs during the first 3 months of employment, so you need to take an in-depth look at your onboarding process.
Better Decision-Making with Data Analytics AI tools for HR can also collect and analyze large amounts of employee data, providing valuable insights for decision-making. From predicting turnover rates to identifying skill gaps, this information can help HR teams make informed decisions about talent management and retention strategies.
Visier AI for Predictive Workforce Analytics 22. PredictiveHR AI for EmployeeRetention and Turnover Analysis 23. Gusto AI for Benefits Personalization Onboarding and Offboarding Automation 34. Offboard AI to Manage Employee Exit and Retention Data Compliance and Risk Management 36. Compliance.ai
As the floor for compensation moves up , it’s not just the people below the line who feel the impact–the employees who are above the line may also need to see changes. Since all companies will raise their wages as a result of the new bill, some companies have voluntarily decided to pay above minimum wage as a retention strategy.
“Measurement is critical to making progress towards creating a healthy workplace—where employees, especially women who may be returning to the workforce, can bring their full selves to work—and cultivating an environment where employees want to stay.” For instance, are enough women in the talent pipeline? Lexy Martin. Whitney Benner.
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