5 Ways to Use Predictive Analytics in HR
Predictive analytics tools can help HR identify risks, measure employee turnover, and determine when people need assistance. While they were originally available only to large-scale organizations and enterprises, these tools have become more accessible to small and mid-sized businesses. That's important as organizations shift HR processes and data to cloud tooling, giving you data sources and streams to feed those tools. Robust predictive modeling relies on establishing data validation processes. You have to know your [...]
How to Prevent Employee Turnover With Predictive Analytics
On average, 24% of employees research new job opportunities annually, with 46.6 million Americans quitting their jobs in 2022 alone. Employee turnover is one of the largest expenses organizations face. Estimates show replacing an employee costs an average of six to nine months of their annual salary — which can total in the hundreds of thousands of dollars, depending on the role. Reducing that churn saves your organization significantly on advertising costs, assessing talent pools, [...]
How to Implement Skills-Based Hiring and Compensation
Company’s today face increasing challenges when hiring and retaining employees. Job roles change quickly, with one study from LinkedIn showing skill sets for jobs have changed globally by an average of 25% since 2015. That fluctuation is attributed to the implementation of new technology, automation, and new roles — and it’s only expected to accelerate. Hiring people for specific competencies requires investing (often significantly) in re-training them to meet the requirements for your role. One [...]
7 Tactics To Prevent Burnout in Your Employees
Employee stress is at an all-time high. Unlike previous generations that could easily decompress once they left work, employees today have to be available constantly and are often asked to learn an ever-changing set of skills, as well as frequently adapt to new technology. That combined with other work stressors from leadership, high workloads, commutes, and colleagues creates an environment where many feel strained. As a result, 52% of all employees on average experience burnout [...]
The importance of compassionate leadership and how to foster it
If you tune into most office-themed television shows or settle in to watch a film based on a workplace, the leadership is often portrayed the same way. The C-suite is filled with tyrants, be it the bossy CEO or the ballpoint pen-busting finance manager. The bottom line is the bottom line, and deadlines and quotas must be met at all costs. It makes for easy screenwriting, of course, because almost everyone can relate to a [...]