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HR KPIs: Guide, 20 Examples & Free Template

AIHR

For example, if you have to cut costs in your learning and development budget while also trying to stimulate innovation, it creates a strategic challenge. Many resources you’ll find online list tens, sometimes even close to a hundred HR KPI examples. In other words, to measure success, you need clear performance indicators.

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Cracking the Retention Code: Why Do Call Centers Have High Turnover Rates?

Payactiv

Turnover Rate = Number of Separations ÷ Average Number of Employees x 100 Today, modern HR software tools can automatically analyze your company’s turnover trends by month, year, or quarter. per hour, which amounts to a total yearly salary of about $38,000 for full-timers. The cost of recruiting, hiring, and training new agents.

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Retail Worker Scheduling

nettime solutions

You have to know what the store needs, have a sense of sales trends, and be able to anticipate shopping spikes, all while making sure to keep the wishes of your employees in mind. When employees who are earning $10 per hour feel like they have no control of the schedule, it’s natural for them to consider other lines of work.

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Upgrade your construction payroll: save time, cut costs, and stay compliant

FingerCheck

If your business involves multiple job sites, varying wage rates, and compliance with diverse tax regulations, managing payroll could be a major challenge. It is likely that your manual payroll makes it overwhelming to keep track of employee hours, ensure accurate payments, and comply with labor laws.

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What is the Labor Management System?

HR Lineup

By leveraging biometric authentication, RFID technology, or mobile applications, organizations can accurately track employee hours, reducing instances of time theft and ensuring compliance with labor regulations. What is a Labor Management System? This ensures optimal utilization of workforce resources and enhances operational efficiency.

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From Fleeting to Forever: Combating Quick Service Restaurant Turnover Rate

Payactiv

Great staff is a critical element of success for every quick-service restaurant (QSR). However, the industry is renowned for its extremely high turnover rate. As of May 2024, the average employee turnover rate in the restaurant industry was 5.5%, compared to 3.4% across all sectors, according to the US Bureau of Labor Statistics.

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Are you doing enough to leverage tech for employee relations?

HRExecutive

Plus, two-thirds of respondents are sharing data and analytics directly with senior leadership to identify trends and hot spots, and develop actionable initiatives to address areas of concern. This year’s study was based on in-depth research from more than 125 organizations, representing approximately 4.5 million employees in the U.S.