One of the most important aspects of a company, is the ability to provide resources for it’s humans. With the drive of technology in the past few decades, the HR department has been forced to rethink their approach on how they manage their people. SaaS (software as a service) is a common theme in this journey, and one being adopted by more companies every day. The following points touch upon why SaaS is the only solution that makes sense. Continue reading
The absence of innovation, breeds stagnation. In other words, if you don’t start the race with the other runners, you’re left at the start line. In order to meet the needs and demands of employees, HR should modernize their approach. This can be achieved through moving away from old practices and understanding online HR software. But is technology the future of human resources? Continue reading
The old fashioned fuddy-duddy HR department is changing.
The Geeks have arrived.Today, for the first time in the fifteen years I’ve been an analyst, human resources departments are getting serious about analytics. And I mean serious. I was in a meeting several weeks ago in San Francisco and we had eight PhD statisticians, engineers, and computer scientists together, all working on people analytics for their companies. These are serious mathematicians and data scientists trying to apply data science to the people side of their businesses.
- Nearly 33% of new hires look for a new job within their first six months on the job. (Among Millennials, that percentage is even higher … and it happens earlier.)
- Twenty-three percent of new hires turn over before their first anniversary.
- The organizational costs of employee turnover are estimated to range between 100% and 300% of the replaced employee’s salary.
- It typically takes eight months for a newly hired employee to reach full productivity.