Tag: Metrics
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HR Analytics: Start with the Story
Back in college I wrote a ton of papers for various classes. Without fail, my writing process would look like this. Read some of the research available and form an opinion. Write an essay based on that opinion. Go back and find data to back up my essay’s key points. Get about 95% finished and…
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Stop Wasting Time Measuring HR Data
Please. For goodness sake, please stop measuring HR data. See, I know why you’re doing it. You heard this “big data” thing it was a good idea, and you started gathering information. Then you realized how easy it was, so you started pulling together even more from a variety of sources. You’re hitting up your…
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Sold Out: A Lesson on Event Content (and the Future of HR)
This summer at SHRM I was looking through the sessions in the app in an attempt to figure out which I wanted to attend, and I saw this one right up front. SOLD OUT – #707: HR Metrics that Matter: The Process of Developing a Business Scorecard It made me stop and think, especially in…
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The New Recruiting Metric: First Year Retention
As HR is increasing its presence as a strategic part of the business, key performance indicators, or KPIs, are becoming a key part of the language for discussing how it is actually performing. Recruiting, in some ways, is actually easier to measure because it is very similar to sales: you either have results or you…
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Analytics Driven by Business Accountability
Analytics in the business world serve many purposes, and a survey by the American Management Association uncovered the top five reasons business leaders say analytical skills are necessary today. Which of the following create the greatest need for analytical skills in your organization? Accountability for results 67.0% Competitive environment 61.6% Complexity of business environment 52.6%…
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Big Data for Small Business
Last week a friend called me for some help. He’s working on some 401k reporting requirements, and the data the provider needs from him is fairly detailed. In prior years, we could have pulled some quick reports from the accounting system and gotten everything plugged in after some love sessions with a keyboard. However, the…
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Strategic HR: Measuring Quality of Attrition #SHRMTalent
It’s day two of the 2014 SHRM Talent Management conference, and I attended a great session on Quality of Attrition: Management’s Favorite Human Capital Metric. The bottom line is that we know that every person that leaves the business is not the same. Why they left, how valuable they were, and what the organization could have…