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Don’t forget internal talent in workforce planning and recruiting

HRExecutive

It is important to track this measure as part of a balanced set of measures that includes KPIs like the total cost of recruiting, cycle time to fill open positions, quality of hire and retention. Major changes can make it less viable to hire internally. Weigh the cost of internal hiring as one consideration, among others.

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Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. As a result, almost all large companies dedicated an entire department to workforce planning, and HR was asked to perform a vital and powerful role.

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The 7 best HR analytics software options for today’s workforce

Business Management Daily

If not, then consider adopting an HR analytics software program so you can start making data-driven decisions. After all, there are many reasons why 80% of businesses use HR software , and it’s not just to automate repetitive and time-consuming tasks (although that’s a big part of it, too). What can HR analytics software do?

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Why Banking On Your Workforce Boosts Business Results

Visier

A 2015 report by Deloitte indicates that in order to tackle HR’s challenges, “CHROs may… consider revising their HR technology strategy and upgrading the skills of their HR teams to reinforce their analytical skills and integration with the business.”. HR should not only align with the business but drive it forward.

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What is an HRIS? A Beginner’s Guide to Human Resource Information Systems

HR Digest

An HRIS (Human Resources Information System) is a software solution that helps organizations manage and automate core HR processes like payroll, time tracking, and employee benefits administration. There are many central features that make up these human resource information systems. What is an HRIS?

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How Talent Intelligence Gives Global Employers a Competitive Advantage

Eightfold

Recruitment and hiring are challenging enough for companies operating in a single domestic market. For companies that build their workforces from a global talent pool, though, recruitment and hiring take on exponential levels of difficulty. This is where talent-management technology comes in.

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The Role of an Employer of Record in Streamlining HR Processes

Recruiters Lineup

This is where an employer of record (EOR) comes into play, offering a valuable solution to streamline HR processes. This enhances employee satisfaction and reduces the burden on internal HR staff. Efficient HR management ensures the right talent is recruited and retained.