metrics

Is Collecting the Data Taking Too Long? Here’s Help

While many aspirational HR leaders look to mature their strategies to include a variety of workforce and talent analytics, the majority of HR teams remain challenged with tactical and operational reporting requirements. Although a handful of showcase organizations have moved to one fully integrated enterprise suite, with HR, payroll, talent and financials all…

The More You Use Data, the Better the Business Performs

Since joining Visier, I’ve been thinking a lot about the value of workforce analytics. I came to this organization because in my prior life as a researcher, my core focus was HR technology adoption and the value organizations derive from it. In fact, a consistent finding from the annual Sierra-Cedar HR Systems Survey (which I…

Improve Your Hiring Quality With These 3 Measures

One of the most valuable performance metrics for recruitment is the quality of each hire made. However, most talent leaders believe they aren’t measuring quality of hire effectively. According to LinkedIn’s 2016 Global Recruiting survey, only 33% of respondents feel that their methodologies are strong, and an even smaller 5% felt it “best in…

Measuring the Value of Both Types of Diversity

In 1979, a Korn Ferry International survey of Fortune 1000 firms found that females and African-Americans comprised less than 0.5% and 0.2% respectively of the list’s 1,708 senior executives. In the subsequent 37 years, progress has been forthcoming, but slow. Although not a direct comparison to the Korn Ferry survey, Heidrick & Struggles reported in 2015 that women constituted…

6 Steps to Building a Winning Team

(Based on a recent article written by Pat DiDomenico for Business Management Daily.) Put your players in the right positions, but don’t be afraid to shift them around. Play to your employees’ strengths, but recognize that shaking up the status quo and giving employees opportunities to shine in different capacities can yield big…

Don’t Start Crunching Numbers Until You Know What Numbers to Crunch

I was helping a manager with the company’s analytics; the problem was framed as “falling engagement in front-line staff.” Now that is a good start because at this organization the link between the measure of employee engagement and customer satisfaction is well established, making this a business problem, not just an HR one….

How Business Intelligence Will Transform HR

TMA’s 2016 Human Capital Analytics Summit made it clear to me that despite the enormous financial benefit of an engaged workforce, the practice of collecting good data, providing thoughtful analysis, and applying that information to drive business results is in its infancy. But the potential to transform how we work is incredible. Collecting and reporting HR…

Use Your Turnover to Know If You Have a Problem

High employee turnover hurts the business bottom line. It’s estimated that the average cost of a lost employee is 38% of the employee’s annual salary. Considering the average income in the U.S. is $50 000 a year, that’s a $19,000 per person. When employees leave, the ripple effect can be felt throughout the…

Three Steps to Creating a Diversified Sourcing Strategy

We’ve all heard the wise words before: You shouldn’t put all of your eggs in one basket. Whether we’re talking about investing our money or sourcing candidates, this adage rings true. Yet, as sourcers and recruiters, we are often guilty of going back to the same old sources that have served us well…

Return on Time (ROT) – The Difference between Average Recruiters and Advanced Experts

A very important but largely overlooked stat in sourcing is return on time (ROT).  Many areas in recruiting/sourcing are judged by time, such as time to fill.  Return on time is the average hours a recruiter or sourcer takes to get a submission.  This stat changes from industry to industry, but the industry average…

Monitor Your New Hires to Help Them Be Successful

Ed Note: This Ask Barb column first appeared in 2014. We’re reposting it because of its timely advice for managers and owners. Dear Barb: How long do you give a new recruiter, before you realize you may have made a bad hiring decision? My new recruiter has had no production going on five…

It Takes A Village For An Employer to Make A Hire

536. That’s the number of people it takes to get from the top of a corporate recruiting funnel to a hire. After 10 million applications from 50 million job seeking visitors over the last decade, recruiting technology provider Jobvite has drawn some broad conclusions about the numbers it takes for employers to recruit…