HR Value Chain

What is data analytics in HR?

Data Analytics are increasingly becoming part of the HR toolkit. You probably know that you are sitting on a wealth of valuable data but are not sure how to turn it into useful information or actionable insights.

Data Analytics combines information about what has happened in the past (lagging KPIs) and what might happen in the future (leading KPIs). It can be used to solve a wide range of HR and business problems including boosting employee engagement, identifying flight risk for talent management, improving quality of hiring and recruitment.

With the right people analytics platform, you can better motivate and manage your people, create more relevant HR strategies, and transform the value HR contributes to your business.

What metrics and KPIs should HR measure?

Depending on the business problem you are trying to solve there are a wide range of HR metrics that you can measure.

Metrics measure the cost effectiveness of the workforce and include:

  • Revenue per employee
  • Labour cost per employee
  • Cost of absenteeism
  • Training efficiency
  • Turnover rate of talent
  • Absence rate per manager/department

Metrics measure the effectiveness of your recruitment activities and include:

  • Quality of hire
  • First-year attrition
  • Cost per hire
  • Applicants per opening (including splits by diversity measures)
  • Time to fill/hire
  • % of open positions

Metrics measure people factors across the organisation and include:

  • Average age
  • Average length of service
  • Retirement rate
  • Engagement/satisfaction rates

HR predictive analytics

Predictive analytics allow you to utilise the metrics you have combined with business insights and observations to predict future behaviours and trends.

  • Capacity planning and recruitment needs to meet future business targets/goals
  • Predicting your Talent Acquisition Pipeline
  • Candidate and employee profiling to predict future productivity, skills gaps and potential flight risk.

Flexible Solutions for HR Challenges

Affordable People Analytics Packages that can be tailored for you

If you’re not sure where to start on your analytics journey, we’ve a number of packages to help get you up and running.

Bronze

Key foundation metrics for HR best practice. All your main HR data connected giving you up to date reporting in user-friendly dashboards. Includes:

  • Headcount
  • Hires
  • Diversity
  • Employee Turnover
  • Employee Progression
  • HR Finance Summary

Silver

Automate tracking the impact of attendance on productivity and improve guidance and insights for managers. Includes all Bronze features plus

  • Time & Attendance
  • Absence
  • Agency Staff Analysis

Gold

All your employee engagement and performance data connected to ensure that your organisation’s greatest asset is motivated to achieve the best results. Includes all Bronze and Silver features plus:

  • Engagement
  • Performance
  • Learning & Development
  • Succession planning

Paltinum

HR, Talent and Business data seamlessly connected so you can answer any business question quickly and with confidence. Includes all Bronze, Silver and Gold features plus:

  • Gender Pay Gap
  • Budget and Forecast Planning

Bespoke

For specific business issues that you want to resolve, tailor your solution with just the features you need.

Contact us for more information