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What is Talent Analytics and How Can You Start Using It? (With Examples)

Contract Recruiter

Enter Talent Analytics. What is Talent Analytics? Analytics is the science of harvesting significant data points (Key Performance Indicators) about a subject and then using that data to make informed decisions. Talent analytics, then, is applying this process to your talent pipeline.

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Here’s How IBM Predicts 95% of Its Turnover Using Data

Linkedin Talent Blog

With the cost of replacing an employee sitting anywhere between 30 and 400% of that person’s annual salary, there’s obviously a strong financial case for investing in retention — not to mention the benefits of preserving institutional knowledge and protecting morale. The promotion rates of peers can also play a role in attrition.

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10 Best Talent Management Software in 2023

Recruiters Lineup

In today’s highly competitive job market, attracting, retaining, and developing top talent is crucial for the success of any organization. Talent management software has emerged as a powerful tool for HR professionals to streamline their talent acquisition, onboarding, performance management, and employee development processes.

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Top 4 Performance Management Trends of 2023 | ClearCompany

ClearCompany Recruiting

In addition to boosting the resiliency of your workforce, professional development has many benefits: It boosts employee confidence. Teach your current employees new skills and train them on additional responsibilities to prepare them for career paths within your company — which benefits retention, too.

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Using the 9-Box Grid Performance Management Strategy | ClearCompany

ClearCompany Recruiting

They’re hitting their goals, but rarely benefit from training or coaching, so they need help improving their performance to add value. Up or out dilemmas: Dilemmas can benefit from additional training and tracking individual goals closely to monitor progress. They may also benefit from one-on-one coaching sessions.

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How to Enhance Quality of Hire Using Your Talent Data

JazzHR

A high-quality hire contributes positively to the workplace with strong performance, innovation, and lasting retention. And yet, a recent JazzHR survey of 5,000+ small business talent pros and leaders found only about half calculated the quality of hire for their workforce and made efforts to improve their hiring quality.

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Understanding Digital HR’s Transformation | ClearCompany

ClearCompany Recruiting

As a result, over the past few years, firms have invested more than $15 billion in the HR technology market, and more HR software solutions are available to companies than ever before. Post-pandemic, we’re still seeing lots of competition for top talent on top of high expectations for busy teams.