Remove COMPAS Remove Compensation Remove Financial Remove Hiring
article thumbnail

16 Essential HR Metrics Not Enough Companies Monitor

Ongig

Beyond the financial impact, attrition also affects workplace morale, culture, company outlook, and revenue growth. It covers all expenses related to headcount, salary, benefits, workforce overheads, and hiring and training new employees. Over $1 trillion is spent yearly in the US due to employee attrition.

COMPAS 59
article thumbnail

What is People Analytics and How Do I Get Started?

Visier - Talent Acquisition

For example, a financial services organization used people analytics to considerably improve its workforce planning process. It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%. Applications of people analytics.

COMPAS 75
article thumbnail

AI 101: What is Artificial Intelligence and What Does It Mean for HR?

Visier - Talent Acquisition

Sabre combined lagging indicators, like compensation ratios and team makeup, with Visier’s predictive analytics to create a scale for high-performing employees at risk of exit. This was the problem faced by Pitney Bowes , a technology company that provides solutions in the areas of ecommerce, shipping, mailing, and financial services.

COMPAS 52