How HR Analytics can help you take the right decisions based on accurate insights
Every individual in a company will be in a position to make better decisions if the decisions are based on actual and accurate insights. HR Analytics is one such tool which helps the organization as a whole, to have a look at the stats, charts and numbers. This tool also proves pivotal to making the right decisions pertaining to your organization as a whole, and human resource management in particular.
How HR Analytics Can Help You Take Correct Decisions
1. Understanding the Organization
With the use of HR analytics, you can understand your organisation much better, with the stats and insights you can rely upon. It does enable better decision making.
2. Keeping Up with the Changing World
The world is changing at a fast pace and if you don’t keep up, other companies are going to get ahead. Accurate and insightful analytics helps you decide what changes are needed in your company. This ensures your organization is not left out in the race and helps you go toe-to-toe and even ahead of your competition.
3. Hiring the Correct Personnel
While recruiting newer personnel, it is important for a company to decide how the new employee(s) will be able to serve the interest of the company. Each person has specific talents and if these talents are matched with the requirements of the company, it is the perfect combination. HR analytics assist you in this task too. The insights you derive from it will enable you to determine which areas/departments of your organization require what kind of personnel/skills. This definitely helps in making better and informed hiring decisions.
4. Helping with Employee Efficiency Projections
One of the most exciting features of HR Analytics is making insights-based projections related to employee efficiency vis-a-vis resource investment. For instance, it will help you understand things like “How much time it typically takes for a new employee of “x” department to become a valuable resource for the company? Or even for things like “how much investment (time/money) does it take before getting optimum output from a new recruit?
Many such questions can be answered by looking at the HR Analytics. As you have data that has been collected over a period of time to rely upon and have some data-points to fall back on, better decisions can be made for the future, with such insight-based projections.
Features you should look for in an HR Analytics Software
HR Analytics software enables the managers, employees and the administrators of a company to gain valuable insights based on the data collected.
This is something you can expect in sumHR. We offer a detailed yet easy to understand interface with 3 separate dashboards for Employees, Managers and Admins.
Employee dashboard enables the employees to have a look at the snapshots of their leave statistics, work habits, ranking, etc. Also, the employees can keep a track of the leave status of their colleagues for the respective months, which can help in planning their leaves, as they know when they would have to fill in for their colleagues and when can they take a leave.
As the name suggests, this one is for the managers. An overview of the leaves & attendance of his/her team can be viewed from this dashboard. The information that is displayed in the HR Analytics section, helps managers in identifying the performances of the employees. This further helps the manager in selecting the right employee for the right tasks.
A panoramic view of all the basic HR activities and HR data is provided to the administrators on this page. This dashboard will also display the number of employees on notice and F&F, daily attendees, leave trends, new employees etc.
sumHR provides you with a comprehensive gamut of features and analytics data. With sumHR, you can be assured of the best and reliable analysis of what matters for your organisation!
If you want to try our HR Analytics software for your company for free, click here.
We hope this article helped you in understanding the benefits of an HR Analytics module and how useful it is for taking the correct decisions in your company.