article thumbnail

What is HR Analytics? All You Need to Know to Get Started

AIHR

Absenteeism rate = (Number of absent days / Total working days) x 100 Revenue per employee This is the average revenue generated per employee, usually calculated on an annual basis. Incentivize staff to pursue external education and certification in HR data analytics. What is the difference between HRIS and HR analytics?

article thumbnail

The Compehensive Dictionary of HR Terms To Know [In 2024]

AIHR

HR term example: “Examples of discretionary benefits include remote work options, employee discounts, employee wellness programs , educational assistance, and commuter benefits.” HR term example: “Revenue per FTE converts the hours that part-time and contingent workers make into full-time equivalents.” ” 15.

article thumbnail

Your A-Z Guide of HR Acronyms & Abbreviations

AIHR

Did you know A study by Harvard Business Review, analyzing three years of data from a global retail giant, revealed that improving a store’s employee experience from the bottom to the top quartile can boost its revenue by over 50% and nearly as much in profits. Learn more 9 Inspiring Employee Experience Examples To Boost Your EX F 23.

ROI 62