HR analytics allows HR professionals to make informed decisions and create strategies that will benefit employees and support organizational goals. This has a significant impact on organizational performance, leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. In this article,…
Getting started with HR analytics – also called People Analytics – is a big step for many HR professionals and organizations, and an important one, too. With a good command of HR analytics and a data-driven mindset, you’re better prepared to navigate today’s business challenges and ready to unlock insights for strategic decision-making, optimizing workforce…
Attrition rate is an important HR metric that provides organizations with insight into their workforce’s stability and satisfaction. It also reflects the effectiveness of retention strategies, highlighting potential areas for improvement in workforce planning, employee management, and engagement. This guide will detail how to calculate attrition rate, factors that impact attrition, and how to analyze…
HR professionals who harness ChatGPT for people analytics gain a powerful tool for extracting meaningful insight from the vast amounts of data being collected. With its ability to comprehend language and generate text, ChatGPT can participate in a conversation that simplifies your efforts to leverage data effectively. In this article, we’ll explain how to use…
The people analytics market in Japan is anticipated to more than triple to an impressive 9.5 billion by 2025. Similar trends can be observed worldwide, with the global people analytics market projected to reach 7.7 billion US dollars by 2031. Organizations are increasingly investing in building people analytics teams. Insights222 reports that 65% of organizations…
The promotion rate is a key metric that helps HR and business leaders understand how many employees are promoted internally within the company. Knowing how to calculate the promotion rate and benchmark your internal promotion rate against competitors allows businesses to understand how well they are promoting from within and pinpoint areas where promotion policies…
People analytics is collecting and applying organizational, people, and talent data to improve critical business outcomes. It enables HR departments to gain data-driven insights to make decisions on different people processes and turn them into actions to drive the performance of an organization. People analytics is key to practicing evidence-based HR. Organizations use people analytics…
An offer acceptance rate is the percentage of job offers accepted by candidates who have been offered a position within an organization. This metric is used by HR professionals to gauge the effectiveness of their recruitment and selection process and to identify any areas where improvements can be made. A high offer acceptance rate indicates…
As an HR community, we’re obsessed with metrics. We depend on metrics to meet HR regulatory standards and monitor the process variation month-on-month. But do metrics displayed on our dashboards give us a robust roadmap for how to improve them? Or do they provide information about the hidden root causes when we observe improving or…
Having a people analytics team within your organization enables you to make data-informed HR and business decisions, helping your company perform better. How can you build a solid people analytics team or task force? Let’s find out. ContentsWhat does a people analytics team do?How to build your people analytics team What does a people analytics…
