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People Analytics
HR Effectiveness
More and more, business leaders are realizing the importance of Human Resources (HR) departments in creating a thriving organization. While many business leaders are aware of the benefits of HR, they’re unsure of how to measure its effectiveness. In this article, we will discuss the ins and outs of what makes HR impactful, as well as ways to measure and improve the effectiveness of your HR team.
Employee Lifecycle
The blood of a company is the employee lifecycle. In order for a company to be successful, and to take proper care of their employees, it is vital for them to understand each stage of the employee cycle. How to implement the employee lifecycle properly can be difficult. This article will provide a better understanding of the employee lifecycle as a whole, each stage of that cycle, and how to properly implement each stage.
Turnover Rate
Any good company knows it needs to retain its top talent in order to be successful. Understanding your company’s turnover rate will help you increase retention.
Offer Acceptance Rate (OAR)
Improving your offer acceptance rate can decrease your time to fill and spend per hire, and increase your retention rate. Read on to show your executive team the effectiveness and cost savings that HR and recruiting can achieve.
Standard Deviation
During a meeting someone mentions the results of a standard deviation analysis and you don’t feel it applies to you. But actually, standard deviation is a great analysis you need to be familiar with. Read on to discover its impact in human resources.
Hiring Quota
Hiring quotas have been used to make a noticeable impact on diversity goals. Read on to learn more about hiring quotas and how they help accomplish diversity goals.
Satisfaction Rate
Employee satisfaction is an important indicator of how pleased a person is with their job and working conditions. A happy employee is generally more engaged, productive, and dedicated to their job, which can lead to enhanced performance and favorable outcomes for the firm.
Labor Cost
What is the impact of hiring an employee on your company’s bottom line? Knowing your company's labor cost can help you answer that question and ensure sustainable workforce growth and profitability.
Training Efficiency
You know training will make your business better, but are unsure how to communicate the importance to your boss or leadership. Being able to explain the training efficiency helps you provide both personal stories as well as data to make a convincing case and ensure your program is on the right track. Read on to see how this can help your business.
Human Capital Metrics
Have you ever wondered if your recruiting efforts are cost-effective? Perhaps you want to know if a new rewards program is reducing employee turnover or a training program is increasing employee productivity. Human capital metrics, also known as HR metrics, help employers make decisions by tracking operational measures and evaluating business success.
Voluntary Turnover
Shock and disbelief: your best employee has submitted their resignation. How can you prevent this from happening? Read on to learn the primary causes of voluntary turnover, how to calculate it, and tips on how to prevent it.
HR-to-Employee Ratio
How big should your HR team be? To determine that, you need to calculate the HR-to-employee ratio. Read on to learn what this ratio means, why it is important, and what factors to consider when calculating the ratio.
Revenue per Employee
Do you ever wonder if your organization is utilizing your employees efficiently? Are you unsure if or how to measure it? Let's explore the Revenue Per Employee metric and how your organization can apply it to increase the bottom line.
Employee Replacement Costs
We all want to keep our retention rates high, but employee turnover is natural and unavoidable. It’s also very expensive. Read this article to learn how it impacts your organization, along with a step-by-step way to calculate the cost and apply the data to make your company stronger.
Employee Net Promoter Score
Some people call the Employee Net Promoter Score the ultimate survey question. The research behind this question has built its credibility over time. It can be very telling of your employees feelings about your company and how likely they are to recommend your company to friends and colleagues as a place of employment.
Getting Started With People Analytics to Enact Change w/ Joseph Ifiegbu
In episode 25, we talk with Joseph Ifiegbu to hear about the value people analytics tools add to organizations of all sizes—even small businesses.
Involuntary Turnover
What is involuntary turnover, and how does it compare to voluntary turnover? Although involuntary turnover can be difficult to manage, having a thorough understanding of it will help you reduce risk at your company. Continue reading to learn how you can identify various types of involuntary turnover, how to calculate it, and different methods you can use to decrease involuntary turnover.
Cost per Hire
How much does it cost you to hire a person, and why is that helpful to track? Cost Per Hire (CPH) is a commonly used metric that helps you understand how you align to similar organizations and how you might improve your recruiting strategy. Read on for more details about why this is an effective metric for determining the productivity of your recruiting process.
People Analytics
Do you want to understand your workforce better and be an asset to leadership? People analytics helps you discover and implement ways to improve the health and success of your workforce while taking a leadership role in supporting company performance.
Employee Tenure
Need to determine the average tenure in a hurry? Not sure how to entice your employees to stay with your company longer? This employee tenure article will give you everything you need to know, from understanding what tenure is to a step-by-step guide for increasing tenure at your company.
Time to Hire
Time to hire is a key recruiting metric that provides an easy way to measure and improve HR’s impact. Recruiting is one of HR’s most important functions, so how can you be sure that you’re doing a good job? Equally as important, how can you show company leaders that you’re doing a good job? Never fear, time to hire is here!
Bell Curve Performance Management
How is your performance management system working? Is it fair? Does it determine raises and promotions? Does it encourage employees to collaborate? Traditional concepts such as bell curve (or “forced ranking”) performance management have been accused of treating employees unfairly and too harshly, but some companies struggle to identify a realistic and effective alternative. Read on for help in evaluating your system and considering potential options.
Giving Your Talent Lifecycle the TLC It Deserves w/ Ariel Leonard
In episode 12, we sat down with Ariel Leonard to learn about her experience in HR and how giving the talent lifecycle the TLC it deserved would get the results she was after.
Employment Cost Index (ECI)
This article explores the three main reasons to leverage the employment cost index to the benefit of your business. Read on to learn what the employment cost index is and how your business can utilize it.
