"What gets measured gets managed." But sometimes we measure too much and manage too little. 📈 Truth bomb: Your HRIS is probably full of metrics you never use. Meanwhile, the numbers that could transform your company are hiding in plain sight. 🤔 Take Cost-per-Hire: - Most track the basics (job boards, agency fees) - Few track the hidden costs (hiring manager time, onboarding resources) - Even fewer balance cost with quality The result? Companies optimize for the wrong things. They chase lower costs instead of better hires. 🎯 This stops today. We've created a framework for the 9 metrics that actually predict company success: 1. Employee Turnover Rate 2. Revenue Per Employee 3. Performance Rating Distribution 4. Time-to-Fill 5. Training Completion Rate 6. Cost-Per-Hire 7. Employee Engagement Score 8. D&I Metrics 9. Absenteeism Rate No vanity metrics. Just numbers that drive decisions. 💪 P.S. What's the most valuable HR metric you've tracked? Share the impact it had on your organization 👇
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Are you evaluating a people analytics solution in an effort to prioritize and improve your organization's workforce management? Steve Boese and I have pulled together a guide to help you navigate the process. We'd love your feedback on guide helpfulness. It's a free download so be sure to share it too! Thanks https://lnkd.in/g-TwavCp #wfm #HR #hrtech #analytics #peopleanalytics #workplace #workforcemanagement
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It can be tough managing a project-based workforce. This blog explores how workforce analytics can help you optimize your teams and boost project success. #workforceanalytics #projectmanagement #HRtechnology
To HR leaders at project-based businesses, are you tired of guesswork when it comes to your most valuable asset - your people? It's time to embrace the magic of workforce analytics. 📈 We are here with all the information on how analytics can transform your human capital strategies. From optimizing resource allocation to predicting skills gaps before they happen, it's like having a fantastic playbook for boosting outcomes for your people. But that's not all! We're also unlocking the secrets of a connected HR platform that'll have you breaking down data silos and unlocking game-changing insights. Head here to know more: https://lnkd.in/dsT6_qyn #WorkforceAnalytics #HRAnalytics #ProjectManagement #DataInsights #ConnectedHR #HumanCapital
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Data silos got you down? Learn how a connected HR platform can break down the barriers and unlock the power of your workforce data. #dataproblems #HRsolutions #projectbasedbusiness
To HR leaders at project-based businesses, are you tired of guesswork when it comes to your most valuable asset - your people? It's time to embrace the magic of workforce analytics. 📈 We are here with all the information on how analytics can transform your human capital strategies. From optimizing resource allocation to predicting skills gaps before they happen, it's like having a fantastic playbook for boosting outcomes for your people. But that's not all! We're also unlocking the secrets of a connected HR platform that'll have you breaking down data silos and unlocking game-changing insights. Head here to know more: https://lnkd.in/dsT6_qyn #WorkforceAnalytics #HRAnalytics #ProjectManagement #DataInsights #ConnectedHR #HumanCapital
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🔍 HR Analytics: Data-Driven Decision Making 📊 In today’s data-driven world, HR analytics is a powerful tool for understanding workforce dynamics and making strategic decisions. 📌 Key insights from our analysis: ✔ Current employees: 1,233 ✔ Employee termination rate: 19.22% ✔ Total salary paid: $8.4 million ✔ Job satisfaction levels: 407 employees reported "Very High" satisfaction ✔ Work-life balance: 765 employees rated it as "Better" 💡 Why does this matter? Helps in understanding employee turnover and retention trends. Enables companies to improve workplace culture and job satisfaction. Supports data-driven hiring and retention strategies. 🚀 By leveraging HR analytics, organizations can refine their policies and make informed decisions to enhance productivity and employee retention. 📢 How does your company use HR analytics to improve workplace experience? Share your thoughts in the comments! 👇 #HRAnalytics #DataDriven #EmployeeExperience #WorkforceManagement #PeopleAnalytics
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Organizations are increasingly relying on data-driven insights to make informed decisions and stay competitive. This trend is particularly evident in the field of Human Resources, where HR analytics is transforming the way companies approach talent management, employee engagement, and workforce planning. By understanding how to leverage data effectively, you can make a significant impact on your organization's success and position yourself as a strategic partner in driving business outcomes. 1.Talent Outcomes 2.Fundamentals of HR Analytics 3.HR Metrics - Descriptive Analytics 4.Data Insights – Diagnostic Analytics 5.Statistics Overview – Predictive Analytics 6.Design Choices- Prescriptive Analytics 7.Design Principles of Visualization 8.HR Storytelling Essentials
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To HR leaders at project-based businesses, are you tired of guesswork when it comes to your most valuable asset - your people? It's time to embrace the magic of workforce analytics. 📈 We are here with all the information on how analytics can transform your human capital strategies. From optimizing resource allocation to predicting skills gaps before they happen, it's like having a fantastic playbook for boosting outcomes for your people. But that's not all! We're also unlocking the secrets of a connected HR platform that'll have you breaking down data silos and unlocking game-changing insights. Head here to know more: https://lnkd.in/dsT6_qyn #WorkforceAnalytics #HRAnalytics #ProjectManagement #DataInsights #ConnectedHR #HumanCapital
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Is your project team a well-oiled machine, or a constant source of stress? Workforce analytics can help you identify the gaps and optimize the value of your team!
To HR leaders at project-based businesses, are you tired of guesswork when it comes to your most valuable asset - your people? It's time to embrace the magic of workforce analytics. 📈 We are here with all the information on how analytics can transform your human capital strategies. From optimizing resource allocation to predicting skills gaps before they happen, it's like having a fantastic playbook for boosting outcomes for your people. But that's not all! We're also unlocking the secrets of a connected HR platform that'll have you breaking down data silos and unlocking game-changing insights. Head here to know more: https://lnkd.in/dsT6_qyn #WorkforceAnalytics #HRAnalytics #ProjectManagement #DataInsights #ConnectedHR #HumanCapital
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In our latest report, we saw positive trends in how HR leaders viewed their data around talent acquisition and onboarding. However, confidence around employee retention, workforce planning, and employee development data came in quite low. With substantial costs tied to high turnover rates impacting both the financial health and performance of organizations it’s an important area to focus on and improve. For a comprehensive overview and recommendations on how to better understand employee retention rates, download the full report: 🔗 https://lnkd.in/gmREJAzd 👉 A Few Key Takeaways on measuring and understanding retention that you’ll find in the report: - Turnover Rates: Understand turnover by calculating it over specific periods and analyzing patterns. - Voluntary vs. Involuntary Turnover: Insight into why employees leave is crucial for targeted improvements. - Retention Specifics: Look into turnover rates by department, tenure, and the reasons behind departures to pinpoint critical areas. - Engagement and Performance: Regular surveys, performance metrics, and development opportunities are vital in predicting and enhancing employee retention. - Demographics and Feedback: Analyzing diverse data helps address potential retention disparities and incorporates employee feedback effectively. #TalentAcquisition #EmployeeRetention #HRData #WorkforceDevelopment #datadrivenhr #peopleanalytics #humanresources #hranalytics
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Data-driven decision-making in HR: Are you missing out? In today's business world, data isn't just a buzzword—it's a driving force. Many HR departments still rely heavily on intuition rather than insights from data analytics. This approach could be costing companies dearly! By integrating HR analytics into decision-making processes, organizations can better understand employee engagement, turnover rates, and even predict future hiring needs. The potential to harness this information for positive organizational change is enormous. So, what’s holding us back? Is it the lack of tools or perhaps a skills gap? I'd love to hear your thoughts! How is your organization leveraging data in human resources? Let's discuss in the comments below!
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Sales Account Manager | Driving Monthly Ambitious Revenue Growth |
2moYes, I completely agree. What gets measured gets managed