HR Analytics: What you Need to Know
Data analysis is a game-changer in so many ways and every business should store all their data over the years, as this can really help an organisation to make the right decisions. Data-driven practices are the norm for medium to large businesses and HR is just one department that can benefit from data analytics.
Measuring employee development potential
This is one way that you can use HR analytics; to measure the development potential of your employees and that has a bearing on who is offered development opportunities. By analysing your employee performance and outcome data, you can make the right decisions regarding further learning and employee development opportunities.
Of course, you want to hire the right people who will drive the organisation forward and by analysing the following data:
- Recruitment by gender
- Recruitment by job level
- Recruitment processes
By looking at employee retention, you can gain an insight into how workers feel about their prospects and let’s not forget that most people are ambitious and if they feel there are no real prospects, they are likely to look elsewhere. If you get recruitment wrong, this will impact the business at every level and by analysing all your HR data, you get to make the right decisions.
All employees need time to recharge their batteries and with leave analysis, you can discover how availability is at any given time. Analysing the reasons for absence also helps you to gauge the future and plan for better availability, while advanced planning is essential.
Diversity & inclusion
It is essential that your workplace promotes diversity and inclusion; gender percentages and other data can be analysed in many ways and HR analytics gives you the data that you need to make the right choices at the right time.
Microsoft Power BI
The best reporting solution, Microsoft Power BI analyses the data and with automated reporting, you can make data-driven decisions to make your processes more efficient and get more out of your HR.
From a single interface, you can see all of the data and automated solutions mean there is nothing to do except making decisions that are based on real-time data analytics.
You can monitor the following:
- Employee diversity
Each category has sub-categories, allowing you to delve into data that has already been analysed and all your KPIs are in one place.
If you would like the best HR analytics, start with a Google search to locate a local specialist company and talk to them about their products and services. Medium and large companies have many employees and this is when HR analytics comes into its own, empowering business managers to make data-driven decisions.