EmployWise - How HR Analytics Contributes Towards Improving Performance?

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If you think that HR Analytics is just another management view, then you are absolutely mistaken. The latest trends state that HR analytics are massively contributing by driving insights to action. These days, organizations are bringing these analytics into play for effectively managing and improving performance.

When workforce investments affect operational costs...

This new trend is helping organizations in improving profitability by balancing the lowest effective headcount and efficient workforce cost control along with ensuring delivery of services in a satisfactory manner. If executives and line managers wish to have a view of top and bottom performing employees, HR analytics can assist them at every step.

This not only allows them to retain their key talent pool, but also addresses various looming gaps that affect the development of organization. If there is a need for event-based and scheduled alerts (push technology), then this analytics solution can proactively send these alerts via email, text messages or even personalized dashboards.

When HR Analytics Addresses Information Needs...

Organizations can dig into issues using HR analytics and use the analytical workflow to gain insight on various matters and then accordingly take an action. But there are various aspects, when HR analytics can be of a great assistance, for example:

1. To develop a strategic workforce plan, analytical workflow can provide an insight on current headcount level, turnover trends and even projected turnovers, so as to forecast the capacity of different teams.
2.  These workflows provide a high level metrics of newly hired candidates, average time and cost of hiring, best candidate source and much more. Specialists can always use this information to have a view of the recruiting pipeline and can develop a recruitment plan.
3. Effectiveness of learning programs, organizational skill maps, development plans, employee potentials and much more. All these analytics can be brought to play while developing workforce capabilities and increasing employee engagement.

These days, various business intelligence software applications are easily available for HR departments that tend to improve work performance and assist people with Business Acumen, as well.

Employwise is an Online HR Software for the life-cycle of an employee including Leave and Attendance software, Employee Database, Travel and Expense Management. Start your free trial for 30 days....