How analytics helps human resources in making decision towards data driven

In a highly competitive and dynamic business environment, HR role is no more limited to management of workforce. An intensely competitive marketplace demands that you play more roles than one. You have to be a critic, a qualified statistician and a keen observer of how your workforce functions in order to provide valuable insights and analytical input to keep your organization achieve its goals and objectives. 
Data is the key to this strategy helping you manage your workforce efficiently and effectively. However, it is imperative to understand that having a large dataset is of little or no importance if you fail to utilise it properly. And the key to efficient utilisation is to first decode what is relevant and useful. But then the million dollar question is how you will find the time and resources to take advantage of the information at your command. This is where the importance of people analytics is realised.
What is people analytics?
People Analytics is not a passing fad. It is the future of human resources and here to stay. People analytics, or HR analytics, in essence makes use of an organization’s workforce related data like employee performance, attrition, motivation level, salary history, compensation, etc from different systems and links it with the business’s vision, mission and objectives to ensure that the organization is on the right track. The Global Human Capital Trends-2017 report from Deloitte points towards the realisation among organization of the importance of people analytics and how it can help them remain competitive in the marketplace. The report reveals that 32 per cent of organizations are employing people analytics in one form or another marking a jump of 33 per cent over the previous year. 
How people analytics can help human resources?
Turn problems into proactive goals
Imagine how helpful it can be for an organization to nip a problem in its bud before it snowballs into something major. A delay in understanding the root cause of the problem will lead to a delay in providing timely solutions. Early identification of problems or issues can help you take meaningful actions beforehand. 
Efficient performance tracking
An organization runs on its people. People analytics can help you accurately comprehend employees’ needs and performance. You can gain insight into which employees are excelling in their work and who require further training to bring their performance up to the requisite level. 
HR Analytics course online from a premium quality online institute allows your HR department to make efficient use of people analytics to root out problems, track your success rate, increase retention and hire the right people for the right job at the right time.

Comments

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