Strategic use of HR analytics is about using data to gain insight into your business practices and using that insight to make strategic decisions. Proper implementation of analytics can revolutionize the way you and other decision makers see your organization, the problems it faces, and potential solutions. Consider these tips as you undertake your organization’s HR analytics project.
1. Involve key decision makers from across your organization.
The power of analytics is that the insights you gain enable you to make strategic decisions to optimize many aspects of your business. As such, your HR department should be an integral part of your company’s strategic decisions. It’s important to have HR software that delivers the right metrics to your HR department so that they can contribute valuable data to the company.
2. Start your investigation with a problem.
Rather than beginning by looking at raw data for correlations and possible causative relationships, start with a problem that needs to be addressed. Are you having trouble attracting customers? Is your company spending more on payroll than it can sustain? Are customers complaining about service? Are tasks falling through the cracks? Begin with your business pain, and use the data to find a solution.
3. Use insights into correlation and causation to predict outcomes.
Once you have identified a problem and analyzed the relevant data to find correlations and make causative connections, you will have a reasonable foundation on which to predict the outcomes of particular human resources decisions. The process of trying to solve your business problems will begin to resemble scientific inquiry more than a game of blind man’s bluff.
4. Employ analytics for strategic workforce planning.
The ability to cultivate a strong workforce is the essential to the strength of any business. Analytics can empower your human resources department to attract, hire, and retain top talent. You can measure the effects of certain onboarding or training programs, for example, or of offering particular salary and benefits packages. Understanding how various HR tactics affect your workforce will allow you to entice and nurture outstanding team members.
StarGarden’s HR and payroll software can empower your human resources department with the data it needs in order to contribute to your company’s success and also increase your company’s efficiency in assigning and communicating its specific tasks. Contact the StarGarden Corporation today to learn more.
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