Human resources analytics gives companies information to better manage employees so organizational goals can be obtained quickly and efficiently. A hurdle of human resources analytics is distinguishing what information should be used and how to use it to improve employee performance so that the enterprise receives the best ROI from its employees.
Human resources analytics works by gathering workforce data to provide insights into each process. This data can include work history, team assessments or satisfaction scores and is used to decide if the organization should make changes. For example, changes could be altering commission rates to increase sales or fund more in training to minimize high attrition rates.
- Shared awareness for organizational alignment
- Smarter and faster decision-making
- Discover strengths and weaknesses of employees
- Make informed hiring selections based on historical data
- Identify employee retention rates
Human resources analytics can equip organizations with the ability to understand how it can improve employee performance, develop teams that achieve its goals again and again, pinpoint why some managers excel and why others fall short and predict which employees will be most successful.