How to Use Behavioral Prediction to Improve Personnel Management
HR and business leaders have increasingly more data at their disposal thanks to predictive analytics and personnel monitoring. One Deloitte study revealed over 70% of surveyed organizations are investing more in people analytics, as data shows it improves business performance. Predicting behavior gives HR the information to make data-driven decisions from the first point of contact with employees. Many platforms begin the data collection during the hiring process through recruitment assessments, then onboarding interviews, performance [...]
Data literacy in organizations: How HR can help
HR has always been data driven in part, but with HR tooling generating more data than ever before, it’s reached extreme levels. Every aspect of employee testing, development, and performance is recorded and stored. While that’s critical for recruitment, training, and employee termination decisions, it can also be overwhelming. Additionally, many people lack the data literacy to interpret data properly despite 89% of learning and development leaders deeming it a high priority for their organizations. [...]
Upskilling and reskilling employees to reduce turnover
Digitization, cloud tooling, and fluctuating customers are a steady source of change for organizations. To keep up with these external influences, businesses will reorganize, restructure, and reinvent themselves, with ramifications felt throughout the entire organization (e.g., new work methodologies, tool adoptions, branches being dissolved, mergers). While change can be positive, it does impact your personnel and their relevance to your organization. As your business changes, so do roles and skills requirements, which can leave people [...]
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, [...]