It goes without saying that people are key success of any organization. It is no surprise that any business which can attract the right competencies, manage work-life balance, utilize talent effectively is setting itself up for long-term success. HR departments are generating more data than ever before, but they are often struggling to turn their data into actionable insights. Here is a list of HR analytics every manager should know about:
Recruitment analytics is based on the competency acquisition analytics. This report mainly focuses on finding the desired competencies your organization requires. By quickly sifting through the large blocks of information, HRMS can dive intelligently to social media sites, job portals, forums, journals and other platforms to extract information related to specific candidates. With HRMS, employers can understand candidates work patterns, level of interests, track their engagement activities and what potential opportunities that candidates are looking forward in the future.
Employee Performance Analytics
Your business needs dedicated high-performing employees. Employee performance analytics can help greatly in assessing individual employee performance. The insights can reveal who is performing best and who may need additional support. HRMS HROne can help in innovative ways by collecting and analyzing performance closely.
Analyze the various dimensions of the management team with management analytics. For example, poor leadership, whether of a business, division or team that is hampering productivity or obstructing the path of a business from realizing its potential.
Employee Attendance Analytics
This gives you a clear idea to measure how punctual your employees are. With HRMS, you can easily track and review the report of check-in and check-out. This way you can monitor the punctuality and keep a check on productivity and improve attendance at work.
Employee Churn Analytics
Hiring employees, training them and making them as your valuable assets demand concrete time and efforts. Employee churn analytics help to predict the future and help to reduce employee churn. It also analyze historical employee churn, staff advocacy score and the employee satisfaction index. The key here is to remember that a healthy level of churn can be desirable.
Embrace all the above-mentioned HR analytics techniques to improve your business operations, which will help you attain your business goals and simultaneously retain the talent!