Analytics- A magic wand for HR Professionals

Analytics- A magic wand for HR Professionals Karthikeyan Damodaran BRIDGEi2i Analytics Solutions karthikeyan.damodaran@bridgei2i.com The Fifth Elephant 2012, Bangalore 28th July, 2012 @ 2012 BRIDGEi2i Analytics Solutions Pvt. Ltd. All rights reserved

I am part of an Analytics Solutions company that isfocused on embedding data driven decision making

HR has to cope with some very serious challengesHiring Effectiveness Compensation Planning & Retention Allocation 3

What is HR Analytics• It is leveraging the data lying around in the HR database and elsewhere in the organization to take the best possible decisions regarding people, their well being and their development.• It is realizing that solutions to the most intractable problems lies buried in the data 4

HR Analytics Illustration- Hiring EffectivenessQualification PERFORMANCE TENURE RATING PROMOTION Job Roles Institution SALARY ATTRITION INCENTIVES Location COST Quantify Normalize Weightage The Fitment Conundrum Data Driven Hiring Decision Engine

HR Analytics Illustration-Compensation Planning & Optimization GOALS BUDGET MARKETHow much to pay? Business/ Tolerance Fund Target Individual Level by Goal Constraints Positioning Performance Type Performance Differentiation Allowable Specialized Rating Philosophy Spread Skills OPTIMIZATION ENGINE PROBLEM SOLVED

HR Analytics Illustration- Drivers of Retention Everybody seems to be leaving!!!How do Iretain myemployees? PROMOTION MULTIVARIATE THEMES & SEGMENTATION INTERACTIONS SENTIMENTS

Visualizing a Data Driven HR Organization METRICS DRIVEN ANALYTICALLY Targeted DETERMINED and WORKFORCE optimized PERFORMANCE resource deployment Fact based decisions Measurable contribution to ENHANCED Business STRATEGIC LEVER AWARENESS OF THAT LIFTS WORKFORCE BUSINESSISSUES & TRENDS OUTCOMES

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Analytics- A magic wand for HR Professionals

by BRIDGEi2i Analytics Solutions on Aug 01, 2012

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