April 6th 2022
While many are pushing the role of HR in companies, not enough is being said about
HR analytics. Why do companies need to focus on their HR data analytics to be successful?
Data analytics can be used to track both individual employee and organizational performance. On an organisational level, data analytics can have a strong impact on the company’s bottom line. For example, high employee turnover can have a direct impact on the success of a company.
Data analytics can also help pinpoint a specific department whose employee turnover is significantly higher than the others. We can also find out if several employees in the same department are struggling or experiencing issues. If that is the case, then it may not be the individual employee’s fault and HR and the leadership team will need to examine that department to address the issues.
With data, organizations can pinpoint exactly where an employee may be struggling and are able to help the employee before it is too late. This can also have an impact on an organization’s training and onboarding budget and resources.
With the ability to gather data and use AI backed tools, the role of a human resource team is changing and there are more opportunities for HR to add value to an organization.
Leaders should be using data analytics, because it can help discover and attract top talent, track individual and overall company performance and help an organisations predict employee growth, which in turn, can help promote a healthier bottom line.
Find out more about the EQ Train bespoke AI backed data tools. Write to me at email@example.com