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Hr analytics
- 1. HRANALYTICS
- 2. What gets measured, gets managed; What gets managed gets executed” --PeterDrucker
- 3. TREYresearch Add a footer 3 What is HRAnalytics? • Human resource analytics • Area that deals with people analysis by applying analytical process to human capital within organization • Improves employee performance + improving employee retention • Aim is to provide better insight to human resource processes, gathering related data
- 4. TREYresearch Examples Analytics helps you to answer these questions about HR system in organization • How high is your employee turnover rate? • Do you know which of your employees will leave your organization within a year? • What percentage of employee turnover rate is regretted loss? 4
- 5. TREYresearch BENEFITS OFHRANALYTICS • Improves the hiring process • Reduces attrition • Improves employee experience • Make your workforce productive • Improve your talent processes • Gain employee trust 5
- 6. TREYresearch TYPESOFHRANALYTICS 6 1. Employee churn 2. Capability 3. Organizational culture 4. Capacity 5. Leadership
- 7. HR ANALYTICS AND METRICS • HR METRICS are measurements used to determine the effectiveness and efficiency of HR policies • Metrics helps to compare different data points: For example, if turnover was 5% last year and now 7.5%, it has increased by 50%. The former are data points, the latter is the metric. • Metrics don’t say anything about a cause they just measure the difference between numbers
- 8. • HR ANALYTICS , also called as people analytics is the quantification of people drivers on business outcomes. • Analytics measures why something is happening and what is the impact of what’s happening
- 9. TREYresearch 9 Analytics is a way to generate insights from data and metrics
- 10. TREYresearch 10 Analytics tracks the effects of metrics on business performance
- 11. TREYresearch Add a footer 11 1. EFFICIENCY METRICS • They show how efficient HR is in its work. • Examples include cost of training, cost of hiring, number of applications etc. 2. EFFECTIVENESS METRICS • Tell us how HR is performing its role. • Outcomes include employee retention, employee engagement, employee performance etc. 3. IMPACT METRICS • Business impact of everything HR is doing • Results that count and that influence the (long-term) viability of the company
- 12. TREYresearch HRANALYTICSTRENDS -2020 • AI and automation in hiring • Virtual onboarding and training • Performance management • Predictive reports 12