Human Resource analytics is one of the foremost technology features that is recommended for every HR solution. It provides the opportunity to explore the HR data that can be analyzed and modeled. HR analytics is an analysis of the employee data and linking the employee with different growth opportunities. HR professionals can use analytics as a tool that can convert the raw data towards more defined structural needs. HR analytics is also seeing a rapid rise in the adoption, inducing modern technology for HR solutions. Analytics has a goal of gathering the data and understanding the trends, to create different models from the data. The process of extraction to assist the enterprises to implement the HR vision and initiatives combined with a growth path.
Here are a few takings from the HR analytics that will change the scenario in the decade.
Workforce Planning
Workforce planning can be much more complicated if you are not prepared with the requirements for the position. Recently a survey was conducted for more than 100 enterprises, after careful evaluation about different growth opportunities and recent hirings, we concluded that more than 40 percent of the hiring was done just to cover the position rather than after complete analysis of the skills. Analytics can assist the enterprises to analyze their different growth opportunities and also evaluate the candidates based on the position.
Interaction Improvement
Hiring a candidate can be a very lengthy and cumbersome process, slowing down the evaluation process. Analytics can assist in evaluating the candidates based on their performance in the interview process, past job roles and education qualifications. Analytics will make the process of training much more channelized with ease in the evaluation.
Improving the Enterprise Brand
Employer brand significantly improves with the hiring process and employee reviews, with analytics you can just be able to crack this. Analytics can significantly reduce the manual process and assist the HR departments to evaluate the needs and benefits based on performance.