Tag: HR Strategy

The Importance of Data-Driven HR Analytics

data-driven HR analytics

Data-driven HR Analytics has been very beneficial for human relations departments. Professional HR should apply this practice in order to recruit the right people in the right departments. Hiring employees is not easy because they should contribute their best talent to the company. This is why there is such a great need of using HR data analytics

HR analytics data analytics refers to analytics of people, workforce, or talent. The data enables an organization to estimate a range of HR metrics’ impact on the whole business performance. simply, HR analytics is Human Resources Management’s data-driven approach.

Heuvel & Bondarouk define the most applicable scientific HR analytics definition. Decades ago, human resource management might have applied a conventional approach to the process of recruitment, training, and maintaining employees. This HR analytics data-driven approach has been such a great development for human resources management worldwide.

What are The Main Function of Data-driven HR Analytics?

Data-driven HR is the procedure of getting data for informing decisions that relate to every human relation aspect. Those decisions relate to the recruitment process to hiring human resources to provide the salary, benefits, and compensations. The department of HR will analyze data about employees as it gets insights into the main motivation of human resources in joining the company. 

The best thing about Data-driven HR is that the HR department can make workers or employees love their jobs and feel engaged. The analytics is also important to find out the reason why an employee decides to resign. It means data-driven HR is very beneficial in informing HR staff about the effort in improving the satisfaction and retention of employees.

How Beneficial HR Data Analytics Usage Is

Regardless of how easy it is to use data in HR analytics effectively, human resources staff should know several important things. The first and foremost thing is to get as complete data as possible about the current employees. The data may cover reviews of employees’ performance, demographic information, and so forth.

Once the data is complete, the human resource staff should organize it for the sake of easier analysis. It is as simple as creating databases or files like a spreadsheet containing the whole relevant information. After the completion of the analysis, HR staff can get detailed decisions about the strategy of human resources. 

HR data analytics delivers great benefits for an organization. Analytics allows any kind of organization for measuring the people policies’ business impact. Predicting the workforce’s future is one of HR data analytics benefits as management can measure the practices of Human resource financial impact.

HR Analytics Facts

The HR department is required to mix HR data from various systems to start the HR analytics. One of the most common examples is the measurement of employee engagement’s impact on financial performance. The HR department should combine the annual engagement survey with performance data for measuring this relationship. The main areas of human relationships can change, depending on the information from HR analytics. 

Data-driven HR analytics can calculate the budget for the development of learning with the business impact, or estimate new employees who will perform the best in the coming years. It is even amazing that predict employees who will resign within a year. It means that HR analytics can change the procedures of recruiting and selecting.

Data-driven HR helps human resource management in making better decisions in certain aspects, such as: 

Supporting The Levels Of Engagement 

Any organization needs to maintain strong employee engagement. Yet, it is easier said than done. By using HR data analytics, the HR department can figure out the company’s engagement levels from the gathered data from surveys, reviews of performance, and so forth. Improving engagement is beneficial to increase productivity among employees who were low in morale.

Improving the Quality of Recruitment 

The human resource department’s main role is recruiting. It is not an easy role as it requires time, effort, and money. The use of data-driven HR Analytics can target the recruitment process by saving time and money. What’s more, the department has better chances of getting talented human resources.

Ability to Maintain Employees

After recruiting the most talented employees, then HR departments should maintain them by using the HR analytics data. It doesn’t only track the rates of employee development, but also identifies the most common problem areas. Putting together a strategy for retention which addresses common issues is much easier with HR analytics data. 

Increasing Initiatives For Learning And Developing

Any company will have programs for employees to learn and develop. The data can help the HM department to understand the most effective training program. The department will customize the training that meets the employees’ needs by using People Analytics.

Starting HR analytics

The first and foremost thing to do is by finding out certain employees who might be very potential in making progress significantly. It is as easy as using standard statistics. This method can calculate organizational outcomes and people’s potential relationships. Besides, this kind of analytics will help a company to follow certain aspects like performance, absenteeism, burnout, and so forth.

The work of the human resource department will be much easier by using data-driven HR analytics. The available insights will lead to premeditated decisions while optimizing the step-by-step process of business. The work environment has a better atmosphere when the human relation department knows how to motivate the employees.

Keep in mind that data-driven HR analytics is very important for the human resource department. By optimizing its power, HR management can take the best decisions that relate to each aspect of employees’ strategy. The HR department of a company can use the data to make decisions properly as there are significant changes that took place in employment, as there is massive hybrid work popularity.

It requires comprehensive training for all HRD staff to apply the analytics, especially from a company with more than fifty employees. There are various professional courses available in HR data analytics. There are certificates for People Analytics Programs that will enhance the value of the HR department.  

Human Capital Strategy

Human capital and intellectual properties are the most important assets of organization. Large field would be nothing without people to cultivate it. High tech equipment is weapon but without the operator, it would be useless. Huge fund is vital to build business but without people to manage the money, it would be wasted. For that reason, human capital strategy takes a big portion on the growth of the company. Continue reading “Human Capital Strategy”

Tips for Recruitment Strategy with Social Media

How do you usually hire new employees? Do you share advertisements on TV, newspapers and other old-fashioned advertising media? Though it is still useful, there is more practical way to save your time. It is using the social media.

More and more people go online. They do not only use search engines to look for information or visit commercial websites to shop. Today, they spend their time most on the World Wide Web to access their social media accounts. It means that you will need to use the same platforms to get connected to them.

The social media users are not just the commoners. Even professional and famous people also us the same tools to communicate and share thoughts to others. If you are looking for the suitable candidates to your vacancies, it is going to be a good strategy when using the social media platforms to find them. It is what now called as social hiring.

Continue reading “Tips for Recruitment Strategy with Social Media”

Some HR Tools that Companies Need to Use

Human Resources Department (HRD) can be seen as the base part of a company. It may stand alone as department or have integrated function with other departments. HR has functions in training and development, organizational development and career development where each of them is related to the people. And it is not as simple as it seems as there are three main challenges faced by HRD, i.e. minimizing turnover, maximizing employee performance and developing career plans. Continue reading “Some HR Tools that Companies Need to Use”

Career Plan Process

In this day, many people find themselves trap in the office and doing the job they don’t like. Doing the job that makes people unhappy is not the way to live although sometimes people can’t avoid any of this. This is when career planning comes through, where it basically helps people to focus on their career and give people the best chance to get what they really want in their life. Continue reading “Career Plan Process”

The Importance of Talent Management

Talent management is another term that can be heard of in human resources department. In fact, many HR professional develop some concern about this term due to the many studies that show an increasing number in workers that was needed in the future. Talent management itself refers to the act of recruiting, developing and retaining talented employee for the sake of the company itself, to achieve their goal in the first place. Continue reading “The Importance of Talent Management”

Remuneration Policy in Every Company and Organization

In every company and organization, there is something that called remuneration policy. Remuneration policy or compensation policy is form of compensation that was given to someone in exchange for the service or work that was performed.  People know it mostly by its other name, salary or wage. But, monetary form is not the only one that considered as remuneration policy, since there are other types of non monetary form as well. Continue reading “Remuneration Policy in Every Company and Organization”