Learn what is People Analytics and the process of People Analytics. Visit greytHR website. Link - https://www.greythr.com/blog/predict-business-success-with-people-analytics/?utm_source=google&utm_medium=organic&utm_campaign=sharepresentation_November
List some of the HR software tools and its advantages
List some of the HR software tools
and its advantages
People Analytics is not just a buzz word anymore.
Predict your business success with
People Analytics
Understanding People Analytics
People Analytics is commonly referred to as HR Analytics or Talent Analytics. It is a
strategic study focused towards understanding the challenges, processes, roles and
prospects using statistical and data interpretation techniques. With People
Analytics, it is not only easier to assess the right talent, but it is extremely relevant
in the entire employee life cycle including performance management and retention
too. However, People Analytics does not restrict itself to improving HR processes; it
empowers organizations to create better organizational structure, increase overall
productivity, and achieve business goals. The data collected from the existing HR
tools are organized and represented in easily consumable charts and graphs. These
provide actionable insight to the management to take data-backed decisions for
sustainable business growth.
The process of People Analytics
Companies today who believe in cutting-edge technology do not depend on biases
and whims when it comes to people-decisions. Predictive analytics helps
companies understand the granular aspects of –
Why the attrition has suddenly spiked up?
What is making the most tenured employees quit?
Which management practice was received well across the organization? Etc.
People Analytics- The game changer
There are instances where organizations have used People Analytics to analyze the
number of resignations and retirement rates per year to determine the number of
new recruitment and skill sets that would help them drive the organizational goal.
While most of the companies have digitized their HR functions, like attendance,
leave, onboarding, HR Project Management, help desk, etc. it has become easier to
implement People Analytics. A massive variety of data feeds into the system from
different functions, resulting in decisions with far-reaching impact if appropriately
analyzed.
The first step towards People Analytics is to define the objective. Even before we
start exploring how to do it, we must find an answer to why we are doing it? And
what are our exact goals? Analyzing the data will undeniably give us insights, but it
would not yield the best result without a clear objective for People Analytics.Visit
the greytHR website.
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