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What Is Succession Planning, and How Can It Benefit Employers?

Zenefits

This puts you in a serious bind, which could have been prevented through succession planning. Read on to learn about succession planning, how it can benefit your company, and steps in the process. What is succession planning in companies? What are the risks of not having a succession plan?

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How HR Can Create a Comprehensive Talent Strategy

Analytics in HR

Succession planning Succession planning is another important component of any talent strategy. A talent assessment helps HR identify any skills or knowledge missing among employees, and then create a plan to address these gaps through upskilling, re-skilling, succession planning , and more to help employees flourish.

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FTE vs. Headcount: The Key Differences HR Should Know

Analytics in HR

FTE is an important metric for HR for several reasons. Headcount (also known as employee count) is a metric that calculates the number of employees in an organization at any given time. An HRIS or payroll report can quickly give you these metrics. . You may need to combine multiple systems to track more complicated metrics.

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What is Headcount Reporting? A Complete Guide for Employers

HR Lineup

By analyzing headcount reports alongside turnover metrics, HR teams can gain valuable insights into retention challenges and develop strategies to improve employee satisfaction. Headcount reporting plays a key role in monitoring D&I metrics, such as gender distribution, age diversity, and the representation of minority groups.

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Talent Planning 101: The Ultimate Starter Guide (For 2023)

Analytics in HR

Forecasting is also used to determine shifts in the labor market, turnover rates, and retirement projections to help businesses identify what skills they will need in the long term. Succession planning Succession planning is a strategy businesses use to pass down leadership roles to more junior staff members.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Contents What is HR analytics? What is HR analytics used for? We discuss more real-life examples below.

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24 metrics your C-suite expects your human resource management software to report on

cipHR

But among hundreds, if not thousands, of people metrics, what should your HR systems report on? Here are 24 metrics we typically see C-suites asking for most. Let’s explore the metrics we often see C-suites asking HR teams for – first the fundamentals, then more sophisticated reports that power advanced modelling and forecasting.