What Can HR Analytics Do for My Company?
If you run a medium to large business that employs more than 100 people, HR data analytics can help you in several ways. We all know that data can be used in many ways and the HR data that you collect can be analysed using cutting-edge software, enabling your managers to make data-driven decisions.
Here are some of the areas of HR that data analytics can be of use.
- Recruitment – By gender or job level. You can compare various departments and know the sources of employees
- Hiring new staff – Attract the right people. Hiring unsuitable people is going to cost you in more ways than one and data analytics can help you to select the right people for key positions.
- Leave – Absenteeism and availability. Find out what the most common reason for leave is and get automated reports on all aspects of staff leave.
- Performance management – Set 9 performance measurements and collate the data.
- Termination – Analyse all termination data.
- Salary – To analyse salaries by age, profession and gender.
Making Data-Driven Decisions
When you use an established provider of HR analytics, you have the benefit of automated reporting solutions and that puts you in an informed position when you have to make HR decisions. This is a very powerful tool that can be used in other areas of a business, not only HR. If you search with Google, you will find a leading Australian provider of data analytics and they can show how this can assist your organisation in many ways.
Managing the Workforce More Efficiently
If you have a few hundred employees, you will need some assistance with workforce management in order to make the best use of available human resources. Of course, you have many departments and shop floor availability is always a concern, especially in the manufacturing sector, where production lines need to be manned 24/7.
Retaining Employees
If employee retention isn’t as good as it could be, this is one aspect that data analytics can help. Discover the data regarding how long your employees remain with the company and with automated reporting solutions, the data is analaysed and is visible on your dashboard.
Full Support
When you enlist the help of a data analytics specialist, you have round the clock support, plus the provider also offers employee training, ensuring that your key staff have a good understanding of how the data analytics works.
Companies with many employees need to make the best use of HR data analytics in order to make data-driven decisions that make all the difference. Specific business software can automate many of your processes and some businesses are not taking advantage of this.
If you would like to learn more about HR data analytics, Google is your best friend.