8 Steps to Workforce Planning Success Workforce planning is a strategic, forward-thinking process that requires commitment. It won't happen overnight and could take months to reap results. But the benefits are enormous, they include saving on labor costs and improvements in productivity through ...

Cost per Hire: Exploring Hidden Expenses with People Analytics In the realm of human resources, understanding the intricacies of hiring costs is pivotal for strategic decision-making. The direct costs—like advertising and recruiter fees—are often meticulously tracked. However, it’s the indirect ...

Net Hire Ratio: What It Is, Why Use It, and How to Calculate It Net Hire Ratio is a must-have recruiting metric in a data-driven HR culture. This guide will tell you everything you need to know about the Net Hire ratio and provide some best practice advice. Table of Contents What is the Net Hire ...

For HR Leaders: How to Build a Winning Business Case I n the business world, the business case is a ubiquitous tool, crucial for securing approval and resources across various organizational levels. Whether the organization is large or small, public or private, the preparation and presentation of a ...

Turning Data into Action with People Analytics Leveraging People Analytics Data to Drive Business Growth The ability to gather, analyze, and act on data is crucial for organizational success, especially in the current data-driven business environment. Companies that leverage data effectively can ...

Top 25 Questions to Boost Your Workforce Analytics Why Workforce Analytics is Essential for Growth The workforce or human capital is critical to the growth and success of any business. However, many struggle to know which key workforce metrics and insights are required to create an optimal ...

Time to Start: What It Is, Why Use It and How to Calculate It Time to Start is another top metric that every Recruiting and HR team should track and monitor regularly. Different from Time to Fill , Time to Start represents the number of days that a vacated position stays empty until a new hire is ...

Cost per Hire: What It Is, Why Use It, and How to Calculate It Cost per Hire is among the list of most important recruiting metrics that all HR teams should measure. Not only does this metric help organizations track and benchmark the expenses associated with the process of hiring, but it also ...

Internal Hire Rate: What It Is, Why Use It and How to Calculate It Despite the changing labor market, internal hiring remains one of employers’ best talent sources according to a recent study by the University of Minnesota . Not only does it incur fewer expenses, but employees who are hired ...