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18 Benefits of HR Analytics For Your Business [With Examples]

AIHR

With this data, you can spot weaknesses across the business and improve these to boost efficiency, productivity, retention rates, training effectiveness, and more—all of which will benefit your bottom line. Insights such as this can help you tailor your offering to boost morale and retention. HR analytics benefits. Preventing turnover.

Benefits 112
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How to build a billion dollar digital marketplace – examples from Uber, eBay, Craigslist, and more

Andrew Chen

Transactions require strong retention of both demand and supply, and if a marketplace can improve that stickiness, more activity can be generated on the platform. In many ways, this is just a classic retention problem, except with multiple players within the ecosystem. Grow supply + demand stickiness. Or perhaps all of them!

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How to break into Silicon Valley

Andrew Chen

And that’s how I ended up being exposed first to concepts like retention curves, DAU/MAU, viral loops, and so on. I had a superpower in my domain knowledge of CAC, A/B testing, funnel optimization, lead gen, etc, and began to merge all of this thinking with consumer products. Thank you!)

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28 ways to grow supply in a marketplace — by Lenny Rachitsky, ex-Airbnb

Andrew Chen

The biggest gains in optimization don’t come from brute-force A/B tests, but from trying to understand the real barriers to people using your product. What : Getting new users to a key milestone that you believe is important for long-term retention. Tactic #21: Optimize retention. Track retention by cohort, vs. globally.

Retention 111
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15 HR Analytics Case Studies with Business Impact

AIHR

This was a proven, important condition for first-year retention. This was measured through A/B testing. Employee retention. For example, the first check-in with their manager had to happen within a certain time span after hiring, otherwise, it would trigger a notification. Sick days at E.ON. tackle employee absence.

Staffing 102
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The 3 Pillars of an Effective Data Management Strategy: Monitoring, Tracking, and Reporting

SME Strategy

For instance, in Marketing, data is being used to calculate ROI on marketing campaigns, or come up with new pricing strategies based on A/B testing of campaigns which helps marketing and managers bring in more revenue, and stay ahead of the competition. For example, let's say your organization's goal is to increase revenue.

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Develop Your Talent Acquisition Strategy With 6 Practical Examples

AIHR

A/B testing everything will be incredibly valuable. This way, IBM can attract top talent after graduation and boost their retention rates. It can also tell you if certain questions in your application process deter candidates from filling them out or completing them so you can eliminate these questions.