People Analytics Lessons for Financial Services Leaders

Visier - Talent Acquisition

The financial services and technology industries tied for the highest proportion (21% each) of founding people analytics leadership roles reported in the underlying survey. In other words, financial services and technology lead other industries in people analytics adoption.

Improve Retention with Employee Referrals

EmployeeReferrals.com

Ultimately, there's a lot to like about referrals, particularly when it comes to improving employee retention. Let's look at four ways employee referrals can help your business optimize its retention levels. Workplace Diversity Diverse businesses typically outperform their rivals.

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9 Companies Around the World That Are Embracing Diversity in a BIG Way

Social Talent

Diverse organisations perform better. Higher levels of ethnic diversity increase revenue by a whopping 15%. According to Glassdoor, 67% of active and passive job seekers say that when evaluating companies and job offers, it is important to them that the company has a diverse workforce.

Improving Diversity in Remote Work Environment

Recruiting Daily Advisor

Companies also had to adjust by moving to remote work environments to keep employees safe while still responding to issues surrounding equity, diversity, and inclusion. New Channels to Source Diverse Talent. Retaining Diverse Talent.

Hard to Hire: Third-Party Recruiting & the State of Talent Acquisition Report

Retention/Attrition Hiring Managers: Speed of Hire and Cost of Hire HOW ABOUT THE. Sourcer: Retention HR Leads: Retention Cost of. Hire Diversity Time to Fill / 18 /. Diversity: 32% Not one Hiring Manager selected. Diversity as a KPI to track and only.

The Financial-services Sector Is Rethinking Talent in the Era of AI

Eightfold

Already undergoing a transformation before the coronavirus hit, the financial-services sector is rapidly changing the way it hires, manages, and develops employees. Lipawsky says that means certain geographies are losing their “retention advantages.”

People Analytics Maturity Linked to Better Financial Performance, Research Shows

Visier - Talent Acquisition

Let’s dive deeper into Marler and Martin’s research, and how organizations can use the findings to increase financial success. People analytics maturity is key to higher financial performance.

4 Practical Ways to Develop a Diversity and Inclusion Strategy

Ideal

Creating a diversity and inclusion strategy for your organization can seem like a daunting task, but there are practical steps HR leaders can take to get a framework up and running. Diversity and inclusion definition. Diversity is the presence of differences within a segment of people.

Do Employee Referrals Hurt Diversity?

Social Talent

Referrals have also been shown to have a faster time to hire, lower cost per hire, and higher retention rate compared to other candidate sources. There’s one catch: People gravitate towards – and therefore refer – people who are similar to themselves, meaning a hyperactive referrals program can have the unintended effect of reducing a company’s diversity. Here are five ways to preserve, and even grow diversity at your company as you increase employee referrals: 1.

How to Build High-Performing Diverse Teams at Work

Achievers - Recruiting

Today, businesses are facing immense pressure to build diverse teams at work, with several high-profile organizations compelled to divulge their diversity and inclusion statistics. The benefits of having diverse teams at work. Workplace diversity isn’t exactly a new concept.

Why Internal Mobility is Key to Building a Diverse Workforce

Visier - Talent Acquisition

Ensuring people from diverse backgrounds have a fair shot at C-level positions is crucial. Internal mobility helps nurture a culture of personal growth, which is key for maintaining morale and boosting the retention of high-performing employees. Diversity & Inclusion

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier - Talent Acquisition

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. The good news is that using workforce intelligence to understand what drives turnover can help your organization improve retention rates.

Turn Employee Retention into a Talent Advantage

Recruiting Daily Advisor

Employee retention begins by creating a more compelling experience for every worker. What follows are three retention strategies that can keep the most valuable workers on board, engaged, and productive. #1: To keep workers happy, employers must take the time and effort to learn about and address employees’ diverse needs. The post Turn Employee Retention into a Talent Advantage appeared first on Recruiting Daily Advisor. Competition for talent is fierce.

5 Major Things Recruiters Need To Know About Diversity Hiring

Recruit CRM

Before beginning to dive in at the bottom of diversity hiring , recruiters need to understand more about the superficial items related to it. You often are at crossroads when you ask yourself what diversity actually means. Few people define diversity as differences among people.

10 Companies Around the World That Are Embracing Diversity in a BIG Way

Social Talent

Diverse organisations perform better. In our E-Book on How to Increase Diversity Through Improved Hiring & Recruitment Processes , we uncovered some very interesting insights on the benefits of embracing diversity, including: Most studies surrounding diversity in the workplace have found that for every 1% increase in gender diversity, company revenue increases by 3%. Higher levels of ethnic diversity increase revenue by a whopping 15%.

Why and How to Develop Diverse Tech Talent in a Post-COVID World

Recruiting Daily Advisor

HR managers should take this time to reassess who and how they hire to look for opportunities to fix the diversity gap within their companies. It’s high time for the tech community to step up and tackle its diversity problem head-on.

Making the Decision to Focus on Diversity and Inclusion

Recruiting Daily Advisor

Leadership and HR at IntelliDyne considered the movement to be a call to action and the opportunity to reinforce and expand their diversity and inclusion efforts. Retention and pay continuity was also a huge priority for us. Diversity is one of our six corporate values.

Talent Retention: Understanding What Makes 3 Generations of Workers Tick

Recruiting Daily Advisor

As we know, hiring diverse talent is great for business, but we’re not talking about skin color and gender here, we’re talking about age. Financial necessity is the main driver of this preference. The post Talent Retention: Understanding What Makes 3 Generations of Workers Tick appeared first on Recruiting Daily Advisor. Employee Retention Internal Recruiting & Workforce Planning AI automation Baby Boomers Gen Z Generation Xers HR Millennials Retaining Top Talent

15 Actionable Employee Retention Strategies You Can Use Today

Plum.io

Nearly 70% of organizations report that staff turnover has a negative financial impact due to the cost of recruiting, hiring, and training a replacement employee and the overtime work of current employees that’s required until the organization can fill the vacant position ( BLR ). Josh Bersin, founder and principle at Bersin by Deloitte, found that companies who deliberately work to encourage inclusion , diversity, development planning, and leadership development in their culture were 3.8

Q&A: The State of Diversity and Inclusion in 2019

Recruiting Daily Advisor

Diversity and inclusion are critical to the cultural and fiscal health of any organization, and there are multiple studies that show the advantages of active diversity and inclusion practices. A recent Willis Towers Watson report on diversity and inclusion helps characterize the diversity and inclusion landscape in organizations across the country. Davis : It’s great to see that organizations are finally starting to embrace diversity and inclusion.

How to Win the War on Talent in the Financial Services and Banking Industry

Achievers - Recruiting

Employee Retention. Employee Retention. Employee Retention. How to Win the War on Talent in the Financial Services and Banking Industry. How to Win the War on Talent in the Financial Services and Banking Industry. A recent study reports that turnover in the financial services and banking industry is higher than it’s been in a decade. Financial workers want recognition. A diverse workforce builds a stronger workforce. Skip to content. Press.

How CPG Is Prioritizing Diversity and Inclusion in Hiring Efforts

Recruiting Daily Advisor

Diversity and inclusion (D&I) is not just a priority among consumer packaged goods (CPG) companies to attract and retain the best talent—it’s become an essential part of an organization’s hiring strategy and has become a fundamental pillar of any successful business. For companies to become more diverse and inclusive, they must first change how they approach thinking about their teams and hiring strategies.

The Relentless Case For Diversity In Hiring In 2020

Entelo

So how do you, as an HR or Talent Acquisition leader, make sure that your organization gives DE&I more than just lip service – and convince a group of homogeneous senior level executives that you need dedicated resources to achieve a successful Diversity, Equity & Inclusion program?

4 Tips for Recruiting the Best Financial Talent Available Right Now

Eightfold

It is 2019, and the financial market is growing, changing, and transforming faster than ever before. Jim Eckenrode , the managing director of the Deloitte Center for Financial Services, lists a handful of reasons for this rapid evolution, ranging from increasingly digitized interactions between individuals to globalized tariffs and governmental changes. . Here are four steps you can take right now so you will be ready when it’s time to attract and hire new financial talent.

How to Retain Diverse Talent

Brandon Hall

Only 31% of organizations believe they have a diverse talent pipeline, according to Brandon Hall Group research, partly due to the lack of recruiting focused on diverse candidates. But another challenge is monitoring inclusion and ensuring that diverse employees have a sense of belonging, feel valued and believe they have equal opportunity for career advancement. Driving inclusion is the key to retaining diverse talent. Efforts to Drive Inclusion for Diverse Groups.

Innovation and Profitability: How Diversity Drives your Team

Zartis

Having diverse people and diverse perspectives in a team is indisputably a good thing for any business. Research shows that there is a direct correlation between gender, ethnic and cultural diversity and profitability in an organisation. What’s more, diversity leads to innovation – a key ingredient for successful and sustainable technology businesses. Yet remarkably, the technology sector continues to lag behind others in diversity polls across the US and Europe.

Are Your Best Employees Leaving? Try These 5 Strategies to Boost Retention

Eightfold

Companies that actively engage with their employees’ growth and development take an intentional, employee-centered approach that is crucial to retention. Simply put, this concept proposes that in order to attract, hire and retain the strongest and most diverse talent, you need to offer candidates at least a 30% non-monetary increase,” he writes. Offer Financial Incentives. Loyalty begets retention and retention, in turn, saves you and makes you more money.

The balancing beam of diverse teams: On hiring women in tech

Workable

I’ve been incredibly fortunate, as the employers I’ve worked for, not only recognized the importance of diverse teams, but were also prepared to invest both the time and sometimes the money that was necessary to source candidates from non-traditional backgrounds. I’ve been exceptionally lucky to work with just a few of them, including Rachel Bates, Workable’s SVP of Sales & Marketing, who shared her own strategies in building a gender-diverse tech sales team.

The power of inclusive leadership: An interview with Simon Haigh

Social Talent

This can impact knowledge management retention and mentoring for younger employees. Retention . So, having a truly effective Diversity & Inclusion system within companies is not only a nice to have, it is economically and financially essential.

The Time for Diversity and Inclusion is Now

Eightfold

Mercer and Red Thread Research recently released an in-depth report detailing the current state of the diversity and inclusion (D&I) technology market[1]. The drivers behind this growth include: Clear awareness that the same old approach to diversity won’t work in the #metoo era. Increasing financial and publicity penalties associated with a lack of diversity and a workplace that doesn’t promote inclusivity. Engagement/Retention. Uncategorized Diversity

Embrace Talent Diversity in Your Sourcing Strategy

Entelo

It's no secret that many companies struggle to nurture and promote diversity. As we see time and time again, diversity and its advancement are goals without easy solutions. Rather than be turned off by complexity and difficulty, companies and recruiters must approach diversity like they would any other issue, with determination, curiosity, and creativity. By doubling your diversity, you could increase earnings by 8 percent or more. inclusion bias diversity hiring

Using Diversity, Equity, and Inclusion Software to Support Initiatives

Recruiting Blogs

Diversity, equity, and inclusion in the workplace can affect your business in a positive way. Companies with diverse talent on their management teams see a 19% increase in revenue compared to less diverse competitors according to BCG research.

Salary Transparency in the Workplace: How it Affects Recruitment and Retention

Recruiterbox

Pay employees too much, the company might not be profitable enough to stay financially viable. Additionally, if hiring for diversity is a priority, posting a salary range with your job opening is an excellent way to boost your efforts. The post Salary Transparency in the Workplace: How it Affects Recruitment and Retention appeared first on Recruiterbox Blog. blog hiring retention salaryLet’s break the wall of silence and talk about salaries.

3 Ways to Establish an Enviable Diversity Program

CareerBuilder

There’s no denying that over the last few years, diversity initiatives have been thrust into the spotlight. Although organizations have touted their commitment to diversity for years, it was Intel CEO Brian Krazanich who, at this year’s CES event, put it most emphatically : It is not good enough to say, ‘We value diversity’ and then not have a workplace that reflects the talent pool of women and under-represented minorities.”. Retaining a Diverse Workforce.

Learning Corner With Jeffrey Pfeffer: Why It’s Important to Include Age in Diversity and Inclusion Efforts

Cornerstone On Demand - Talent Management

At Stanford University, during the 2018-2019 academic year, virtually every meeting of the faculty senate included a report—or two—on the university’s diversity efforts. Clearly, diversity and inclusion are becoming a priority for all types of organizations. As of February 2018, diversity and inclusion roles, as a share of all job postings, were up by 35% from two years prior, according to Indeed.

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The Top 20 Job Boards for Diversity Hiring

Breezy HR

At first, diversity hiring can seem like a tough nut to crack, but with the right tools and resources, you can make it a natural part of any rock-solid recruitment system. Looking for diverse talent? In fact, 71% of companies say they want an inclusive culture but only 12% have reached a level of diversity and inclusion that can be described as “mature”. But first, let’s have a quick refresher on why the hunt for diverse talent is definitely worth your time.

5 Biggest Challenges for HR Leadership Teams

Achievers - Recruiting

Improving employee retention. When company leaders do audits to figure out the source of financial leakage, employee churn will always show up as an expense to be reduced. Building a diverse workforce. Diversity means looking at many more factors than the basic demographics of gender, ethnicity, or age. It also means seeking out job candidates who bring new perspectives, diverse problem-solving skills and different types of backgrounds.

Rethinking Disability Hiring Practices in the Economic Aftermath of COVID-19

Recruiting Daily Advisor

The widespread availability and success of remote work opportunities mean that HR professionals can recruit from a more geographically diverse pool of talent. There are also tangible benefits to making diversity and inclusion top priorities within company hiring practices.

5 Ways to Attract and Retain Alternative Workers

Recruiting Daily Advisor

Take care to support the total wellness of your alternative workforce—including their financial wellness—to keep them engaged and healthy.”. Respect — “Alternative workers, while diverse, are also similar in many ways to your permanent, salaried workers. Retention Strategies.

Can AI make your company more diverse? Learn from Pymetrics

SmartRecruiters

This makes it one of our most powerful tools for promoting diversity, equality, and inclusion and we are starting to see this tool being put to good use. Each of these platforms has tangibly improved diversity outcomes for companies, helping them achieve record levels of diversity across gender, ethnicity and socioeconomic status. There are many stories detailing a future where algorithms dictate our decisions. Some of this fear is justified.