Wrky’s Post

💡 HR Trends 2024 - People Analytics 💡 📈 People Analytics continues to rise in importance. This trend of data-driven decision-making is becoming even more prevalent, as HR functions harness data and analytics to make smarter, more informed HR choices. 📉 CHROs and business leaders are embracing workforce data to address organisational challenges, enhance employee wellbeing, and boost productivity. 📈 By using data-driven analysis to identify business issues and develop tailored solutions, HR departments ensure informed investment decisions, thereby maintaining competitiveness in the talent market. 📉 This data-driven strategy fosters a resilient, high-performing workforce and nurtures a positive work environment, effectively shaping the future of HR with integrated analytics for enhanced productivity and employee engagement. #peopleanalytics #hranalytics #predictiveanalytics

Understanding the Financial Impact of Employee Turnover on Businesses Ever wondered about the true financial impact of employee turnover on businesses? Here's the lowdown in a nutshell: 1. Billions Lost Annually: Employee turnover costs businesses a staggering amount each year. But how much exactly? 2. Direct Costs: From recruitment expenses to onboarding and training, the direct costs of turnover can quickly add up. But that's just the tip of the iceberg. 3. Indirect Costs: Decreased productivity and morale among remaining employees can have a ripple effect, impacting overall performance and profitability. 4. Understanding the Numbers: High turnover rates not only drain resources but also undermine long-term growth and stability. It's time to dive deep into the data. 5. Optimisation is Key: By understanding the root causes of turnover, businesses can tailor retention strategies to keep their top talent happy and engaged. 6. The Power of Engagement: Investing in employee engagement isn't just a buzzword—it's a proven way to reduce turnover costs and foster a thriving workplace culture. 7. Retain and Thrive: Prioritising retention isn't just about saving money—it's about building a resilient and successful organisation from the ground up. Follow for more insightful HR Tips! #FlexiVentures #HR #MSME #EmployeeTurnover #ImpactonBusiness #MSMEGrowth

Unveiling the Power of Turnover Reports! 🌐✨ Ever wondered about the incredible benefits of collecting turnover reports? 📊 Explore this valuable tool that unveils insights into why employees leave, enabling businesses to make informed decisions, enhance engagement, and cultivate a growth-focused workplace. Don't miss the transformative journey – learn how be the change HR can guide you in effective data tracking! 🚀💼 #HRAnalytics #EmployeeEngagement #BusinessInsights#bethechangeHR #HR #humanresources #hrconsulting #hrservices

Experts say data will be the daily language of #HR by 2030, but how can it be used to make better informed decisions about your workforce? Discover how utilising people analytics can help drive business outcomes forward: https://okt.to/pCKVbO

📊 Embracing the Evolution: HR Analytics to People Analytics 📊 🔗 In today's rapidly evolving business landscape, data is the heartbeat of informed decision-making. What was once known as HR Analytics has now evolved into the transformative realm of People Analytics, redefining how organizations understand and nurture their greatest asset: their people. 🚀 🎯 While HR Analytics focused primarily on processes and outcomes within the HR function, People Analytics encompasses a broader scope, integrating data-driven insights from across the entire employee lifecycle. This shift recognizes that our workforce is not just a collection of roles, but a diverse tapestry of individuals, each with unique aspirations, strengths, and needs. 🌟 🔍 People Analytics empowers organizations to glean deep insights into employee engagement, performance drivers, career trajectories, and even wellbeing factors. By deciphering these patterns, companies can tailor strategies that enhance employee satisfaction, boost productivity, and ultimately drive business growth. 💼 🌐 As we transition from HR Analytics to People Analytics, we embark on a journey that marries technology with empathy. It's about harnessing the power of data to foster a culture where each individual's potential is unlocked and their journey within the organization is carefully curated. 🤝 💡 Join me in this exciting voyage towards People Analytics, where we not only understand the numbers, but also the hearts and minds behind them. Let's decode the human element of business success together! Connect for insightful discussions on #PeopleAnalytics and stay ahead in the dynamic world of workforce management. 📈👥 #PeopleAnalytics #HRTransformation #DataDrivenDecisions #EmployeeExperience #WorkforceIntelligence #BusinessSuccess

What's an HR trend that will persist into 2024 and beyond? Employee Experience Design. Gone are the days where we segmented HR work into neat categories like learning, development, and talent acquisition. What's emerging now is a more holistic approach, where the journey of an employee takes center stage. We're diving deep into their experiences, identifying what's lacking or could be improved, and systematically addressing these issues. It's a complete paradigm shift from the past HR practices, which often overlooked the employee perspective. And it's not just in theory; we're seeing practical applications too. Companies are now introducing roles like Head of Employee Experience or Head of Remote, especially in fully remote organizations. These roles are fundamentally different from traditional HR roles as they focus on putting themselves in the shoes of an employee, rather than viewing things from a purely HR-centric perspective. The focus on Employee Experience is reshaping how we approach HR. ____ Link to the full episode with Joris Luijke (He/Him) and The Modern People Leader below: https://lnkd.in/gxxDUWTq #HR #EmployeeExperience #FutureOfWork #HRTransformation

Experts say data will be the daily language of #HR by 2030, but how can it be used to make better informed decisions about your workforce? Discover how utilising people analytics can help drive business outcomes forward: https://okt.to/lgViBr

🌟 Are high turnover rates impacting your business? 🌟 Unlock the Power of Predictive Analytics to improve Employee Retention! With hiring costs of up to 50% to 200% of the annual salary of the open position, it is vital for any organisation to have an effective retention strategy and to carefully manage the hiring process. While traditional employee engagement programs rely on employees' active participation, predictive models utilize a variety of existing data points to calculate the likelihood of an employee to leave the organisation. This combined approach helps to anticipate and mitigate employee turnover, reduce costs and maintain a stable and productive workforce. Why Predictive Analytics? 𝗗𝗮𝘁𝗮-𝗗𝗿𝗶𝘃𝗲𝗻 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀 Make informed HR decisions with real-time insights. 𝗖𝗼𝘀𝘁 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 Reduce the financial burden of hiring and training new employees. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁 Develop personalized interventions to keep your top talent happy and productive.   Get in touch to find out how Capventis can help. A typical project will consist of 6 steps as outlined below. #EmployeeRetention #PredictiveAnalytics #HRTech #TalentManagement #DataDrivenHR