Four Ways to Harness Your HR Analytics
For all medium to large-sized companies, an effective HR department is crucial. It provides the backbone of your organization, and connects to all other parts of your enterprise – from the sales team through to the executives. But HR are more than just the payroll facilitators and the friendly face of you internal messaging – it’s also the part of your business where you’re able to reap the most through analytics. This article takes a look at your HR analytics, showing you how to harness their potential in 2020.
One of the major upheavals that the COVID-19 pandemic has brought about is in the locations at which we work. More than ever before, staff have been connecting to the workplace through digital software and cloud-based file databases, which they can access from anywhere in the world. This is tremendously exciting, but it requires coordination on the part of your HR team. Not only will you need to contact staff more regularly with updates across the business they might not be party to; you’ll also need to use analytics to monitor productivity and absences from each and every member of staff working remotely.
Next up is the way in which your business uses the cloud. Now, this is of course linked to remote working: without the cloud, you’ll not be able to share documents and data with your staff in disparate locations. But you’ll have had cloud-based software long before the pandemic hit, and your HR team’s software ought to be positioned there, too. To find the right HR software cloud, you need to look into which program will allow you to best analyze your staff’s cloud-based activity. These HR programs are themselves on the cloud, harnessing the very same technology that they’ll be analyzing throughout your organization.
Many businesses lose hundreds of thousands of dollars every year through skills shortages and misallocation of workers in roles they cannot perform well in. This is especially true in larger organizations, which tend to be less flexible in terms of who works where. With the right analytics software, though, you’ll be able to make subtle changes to your teams by monitoring their workloads, seeing where they’re quick and where they’re slow, and listing the key skills that they have to give to other teams in your business. By doing so, you’ll balance out the skills gaps within your business.
Finally, HR teams aren’t only concerned with internal processes; they’re also deeply interested in talent from outside. It’s your HR team that will ordinarily process applications for jobs at your organization – and there are plenty of analytical software packages which can help your team quickly sort the wheat from the chaff when it comes to applicants for a particular position. From machine learning resume readers through to automated tests which you’ll send out to applicants, using software to help you in the hiring process can save your HR teams dozens of hours and plenty of headaches.
There you have it: four ways in which you can truly harness the power of HR analytics software this year.