4. NEED
Reduced hiring costs.
Live analytics
Improves employee engagement.
Increase the retention rate.
5. METRICS USED
Time to hire
Time to fill
Source of hire
Sourcing channel cost
Quality of hire
Cost per hire
Candidate job satisfaction
Selection ratio
Offer acceptance rate
Open positions vs positions filled ratio
6. TIME TO HIRE/TIME TO ACCEPT
CANDIDATE IS APPROACHED
CANDIDATE ACCEPTS THE JOB
TIME TO HIRE
EXAMPLE:
If a candidate is approached on 1st jan and the
candidate accepts the job on 5th jan then the time to
hire=4 days
7. TIME TO FILL
PUBLISHING A JOB OPENING
HIRING THE CANDIDATE
TIME TO FILL
EXAMPLE:
If a job is published on 1st jan and the candidate is
hired on 5th jan then the time to fill =4 days
8. SOURCE OF HIRE
Defines the sources used to hire the employees.
Helps to identify the effectiveness of each recruiting
channels.
Different recruiting channels are:
Social media
Company’s career page
Sourcing agencies
9. QUALITY OF HIRE
High first year performance ratings are indicators of
good hire.
Low first year performance ratings are indicators of
bad hire.
It is the input for the success ratio.
10. SUCCESS RATIO
Number of hired candidates
Success ratio = considered satisfactory
Total number of
candidates hired
11. SELECTION RATIO
Selection ratio =
Number of hired candidates
Total number of candidates
Also called submittals to hire ratio.
12. COST PER HIRE
Cost per hire =
Total number of hires
Total recruitment cost
15. ON-BOARDING ANALYTICS
Can be defined as the technique through which the new
employee acquire knowledge, skills etc to become
effective organizational member.
16. 4 C’S
Compliance : Teaching employees.
Clarification : Ensure that the employee understand
his new job.
Culture : Providing both formal & informal norms.
Connection : Inter-personal relationships.
17. METRICS USED
Yield ratio
Orientation costs
New hire survey
New hire separation
New hire engagement
Speed to performance
19. ORIENTATION COST
Average
orientation =
costs per
employee
(Time x pay x number) +
department
Number
Time = Amount of time spent in orientation.
Pay = Average hourly rate per employee.
Number = total number of employees in orientation.
Department = Average HR department cost.
20. OTHER METRICS
New hire survey: To generate the feedback data
collected through questionnaire.
New hire separation: Through resignation or
termination.
New hire engagement: Engaged employees will help
the organization to grow.
Speed to performance: Managers should take care with
how they get new employees up to speed.
22. IMPORTANCE
Big data allows staffing firms to make informed
business decisions and achieve success.
Historical analytics provide valuable data allowing
staffing firms to learn from past practices
Real-time analytics demonstrate the effectiveness of
current efforts and identify areas that need
improvement.
Predictive analytics are helpful in setting long-term
goals and making business decisions regarding
resource allocation.
Use Google Analytics to improve the interaction
between visitors and your website.
24. METRICS USED
Work quality metrics: Quality of the employee
performance.
Work quantity metrics: Measure the quantity.
Work efficiency metrics: Consider the resources
needed to produce a certain output.
Organizational performance metrics
25. WORK QUALITY METRICS
360 degree feedback: Employee’s peers, subordinates,
customers and manager are asked to provide feedback
on specific topics.
180 degree feedback: Only the employee’s direct
colleagues and manager provide feedback.
Number of errors
Product defects
Forced ranking: Way of ranking based on the best to
worst by asking the managers.
31. METHODS USED
Market Data Comparison – using your internal payroll
data to compare market averages from external salary
surveys.
Labor Cost Analysis – merging payroll data such as
base salaries, bonuses, overtime pay, and benefits to
determine overhead costs.
People count Analysis – providing an accurate picture
of staffing levels and compensation costs to assist with
salary and workforce planning.
Retention Analysis – looks at employee’s risk of leaving
by reviewing compensation levels and performance
data.
32. METHODS USED
High Performer Analysis – profiles high performers by
analyzing performance levels and correlates with
rewards, training, previous work experience and
education to assist with recruitment and retention
efforts.
Sales Compensation Analysis – calculates
commissions, bonuses, quotas and hours worked to
determine sales per hour.
Geographic Pay Analysis – review payroll costs by
location to assist with geographic investment and
expansion strategy decisions.
*payroll defines the money paid to employees
34. METHOD OF EVALUATION
Kirkpatrick model
CIRO model
Cost-benefit analysis
ROI in training.
35. KIRKPATRIK MODEL
Model used to analyze & evaluate the result of training
& educational programs.
It contains 4 levels:
Reaction: Measures the reaction of the participants.
Learning: Analyze whether the participant understood
the training.
Behavior: Analyze whether the participants are utilizing
what they learned.
Results: Determines whether the material had a positive
impact on the organization.
36. CIRO MODEL
Developed by Warr, Bird & Rackham.
4 components of evaluation are:
Context evaluation: Identifying & evaluating training
needs
Input evaluation: Analyzing the effectiveness of the
training courses & also analyze the organizational
resources.
Reaction evaluation: Analyze the reaction of the
delegates to the training.
Outcome evaluation: It defines what actually
happened as a result of training.
37. COST-BENEFIT ANALYSIS
Helps to analyze the benefits of training.
It compares the cost of the program & the expected
benefits to the company.
There are 4 stages for cost-benefit analysis.
Stage 1 : Determining the training cost.
Stage 2 : Identify the benefits like employee retention,
fewer errors etc.
Stage 3 : Benefit will be converted in terms of cost.
Stage 4 : Cost & savings per participant is calculated &
their relation to business performance is assessed.
38. ROI IN TRAINING
Monetary benefits obtained by an organization for a
specific time period in return for an investment.
It is the extent to which benefits of training exceeds
cost.
Return on Investment= Benefit Calculated X 100
Estimated Cost
39. MEASURES USED
Engagement: Looks at how the training being used by
the learners, course completion rates, test scores etc.
Improved performance: Compare the performance
before & after training.
Reduced seat time: If the oldest training program was
efficient, then the time for existing training program
will reduce.
Increased retention: Analyze the retention rate.
41. IMPORTANCE
Used as a tool for quality assurance & quality
improvement.
Used as a tool for increasing retention rates.
Helps to check the performance of employees while
the training module is taking place.
Helps to manage the organization more efficiently.
Increase employee motivation.
42. PROMOTION ANALYTICS
It is used to determine whether a given employee will be
successful if he is promoted to a higher level position.
43. BASIS FOR PROMOTION
On merit basis: Based on employee’s skill, knowledge,
ability, efficiency etc.
On seniority basis: Based on the duration of service or
experience at the same post.
On merit-cum-seniority basis: Consider both
employee’s skills & experience.
44. METRICS USED
Revenue per employee = Total revenue
Full time equivalent(FTE)
[FTE equivalent to one employee working full time.]
Profit per FTE = Total profit
FTE
Overtime per employee = Total hours of overtime
FTE
Human capital ROI: Value of human capital i.e.,
knowledge, habits etc.
Absenteeism rate.
47. STEPS
Pre-planning: Done by HR manager to train employees
who have high potential but not able to utilize it.
Assessment: Managers identify the future leaders of
the organization.
One-on-One & group meeting: Personal & group
meeting with managers.
CEO discussion: Regular discussions with business
leaders & CEO.
Ongoing review: Continue this process.
49. METHODS
Rules based monitoring: To identify the known frauds
& compliance risks.
Anomaly detection: Recognize new fraud &
compliance risks.
Network analysis: To identify potentially illegal
activities inside the organization.
Text analysis: To sense written documents for analysis.
Visual analysis: To summarize the results for the
stakeholders.
51. METRICS USED
Number of employees who left the
Attrition rate = company during the year
Number of employees employed by
the company during the year
Existing employee attrition
Total employee attrition
52. REASONS FOR EMPLOYEE
ATTRITION
Bad relationship with the employers.
Bad relationships with coworkers.
Less salary.
Unfair working times.
The job did not meet expectations.
Feeling undervalued.
Lack of proper coaching & feedback.
Lack of growth opportunities.
Bad company culture.
53. HOW TO MINIMISE EMPLOYEE
ATTRITION
Hire the right people.
Offer competitive pay & benefits.
Motivate & praise the employees.
Allow flexible timings.
Give opportunities to learn new skills & knowledge.
55. STEPS FOR EMPLOYEE RETENTION
Step 1: Churn prediction: Create models to identify the
employees at risk of leaving.
Step 2: Attrition root cause: Identify the reason for
attrition
Step 3: Resignation segments: Compare how the
resignation rate varies with respect to location, age
groups, function etc.
56. METRICS USED
Number of employees
Accession method = recruited during a year X 100
Avg no: of employees
Total separation during
Separation method = the year X 100
Avg no: of employees
57. METRICS USED
Combined method = [(Accession +Separation)/2 ] X 100
Avg no: of employees
Replacement method = (Accession - Separation) X 100
Avg no: of employees
58. IMPORTANCE OF EMPLOYEE
RETENTION
Reduces time & money investment.
Positive impact on customer service.
Increases goodwill of the company.
Facilitates knowledge transfer.