First, analytics should be used more often for forecasting and generating predictive models. Driving business results with data september, 20 strategic workforce planning. Construct a framework that can address the span of strategy alignment to operational measurement of core metrics. An hr metrics and workforce analytics can contribute to improving organizational effectiveness. Hr analytics in practice university of tilburg tilburg university.
Mar 01, 2016 here is my list of hr analytics every manager should know about. Practitioners such as patrick coolen 2016b, manager hr metrics and. Our team delivers truly endtoend workforce analytics solutions. These metrics form the basis of datadriven decision making in hr. No context, no value understanding the world of analytics 7. Intro to hr metrics and workforce analytics gather data understanding the world of analytics 8. This view shows the number of personnel per branch or unit of the organization. Whether your organization is just starting out with workforce analytics or using some form but looking to expand the maturity of your metrics, it is strongly recommended that you focus on three fundamental hr areasturnover, recruiting and employee performancebefore moving. Gathering good data to describe and define employee performance with hr metrics and analytics isnt as simple as deriving metrics from warehousing or marketing campaign performance data. Turn metrics into analytics for effective management decisions. These tools are used to present detailed employee performance to provide a better understanding and assist in overall management. Hrms case study ch 6 determining hris needs 1 regional. The ultimate list 100 hr metrics every manager needs to know.
This proven solution has been used by fortune 500 companies around the globe for almost thirty years to help them inform and execute their business strategy. Continue to transform, expand advocate and improve analytics, including data access. The use of workforce analytics is transforming human resource strategy. But as technology has advanced, these tools have become increasingly easy to use. Members may download one copy of our sample forms and templates for. Intro to hr metrics and workforce analytics gather data understanding the. The degree to which the hr function is a strategic partner. Identify the right hr metrics what to measure, types of measurements etc.
The role of hr analytics in workforce planning an unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Given its relative novelty, the field of people analytics remains rather. All hr professionals have their own stories to tell about how their organization. The science and practice of workforce analytics damoremckim. Introduction to hr metrics and workforce analytics webinar recording informa middle east. Traditional hr metrics are largely efficiency metrics turnover rate, time to fill, cost of hire, number hired and trained, etc. By leveraging the power of data, hr professionals can leverage hr metrics and analytics. Kronos workforce analytics transforms your integrated workforce data into actionable, rolebased insights. Companies are eager to measure employee data and gain visibility into where their business is headed. The new workforce analytics and business performance.
Kavanagh after completing this chapter, you should be able to discuss the factors that have led to increased organizational interest in hr metrics and workforce analytics discuss why the information from numeric systems like hr. Educate users about the data, information, and tools available. Revenue per employee the most effective way for measuring the productivity and innovation output value of your workforce. Roublers intuitive analytics dashboards and reports provide you with a range of key workforce and business metrics to help you make data driven decisions in real time. Aug 10, 2017 hr metrics and analytics make workforces more valuable employing metrics and analytics to improve logistics, operations and forecasting is a good first step, but not enough.
Use of workforce analytics for competitive advantage. Enabling business results with hr measures that matter deloitte. Recently it seems to be getting more common for people to. Capability analytics the success of your business depends on the level of expertise and skill of your workforce.
Workforce analytics describes a set of tools that measure, characterize and organize sophisticated employee data. Workforce analytics for retail turn retail labour and sales data into actionable business intelligence with kronos tools that highlight key performance metrics and. The best practices to excel at people analytics emerald insight. A discussion is provided on the usage of hr metrics and workforce analytics methods and their. Less than half of the global companies use objective data when making workforce decisions, and. The new workforce analytics and business performance new. Successfactors workforce analytics provides concrete and actionable insights on workforce data to drive your business strategy today and help you plan for the future. But analytics must rest on a robust foundation of data and the right hr metrics. Headcount calculations form the basis of many other workforce performance ratios. Members may download one copy of our sample forms and templates for your personal use within your organization. Workforce planning and hr analytics have become a key focus point for hr professionals around the world, as they confront new challenges in finding and retaining the. Whether your organization is just starting out with workforce analytics or using some form but looking to expand the maturity of your metrics, it is strongly recommended that you focus on three fundamental hr areasturnover, recruiting and employee performancebefore moving onto more advanced workforce metrics. Some people seem to use the terms interchangeably, so in this post, i will try.
Workforce analytics seeks to understand which aspects of employee satisfaction may lead to high performance and what can be done to improve them. The type of metrics and analytics collected by the organization. Workforce analytics, business intelligence, big data. Over a period of time, the hr metrics has evolved with the usage of more quantitative and qualitative measurement methods, as it allows more access to large amount of data. Here is my list of hr analytics every manager should know about. For example, if turnover was 5% last year and is now 7. As olly britnell 2016, global head of workforce analytics at. Leaders from a range of teams and disciplines must engage and smoothly interact to determine that all three tasks are successfully completed. Be able to align their hr metrics and workforce analytics to business objectives. Hr metrics and analytics make workforces more valuable.
Contemporary hr metrics and workforce analytics the field of hr metrics and workforce analytics is currently in transition. Descriptive hr analytics reveal and describe relationships and current and historical data patterns. Hr analytics, also called people analytics, is the quantification of. Hr platform focus workforce intelligence workforce analytics. Dec 11, 20 there are still obstacles to adopting workforce analytics. From its definition to its metrics, from its importance to the data it requires, heres your primer on hr. The new workforce analytics and business performance new to hr. May 14, 2014 the differences between metrics and analytics recently it seems to be getting more common for people to be confused over what exactly hr metrics and hr analytics are. We offer deep expertise in workforce planning and analytics, helping you identify opportunities and overcome challenges. Download free hr metrics and workforce analytics pdf. This powerful analytics solution takes the who and the what of your daily workforce operations and applies business intelligence to uncover the why, helping you to understand the hidden causes and costs of issues like excessive overtime, chronic absenteeism, low. Intro to hr metrics and workforce analytics measures or metrics, without analysis, have no true value and in some instances can be dangerous. Determine relevant metrics to enhance workforce planning and productivity.
The top 7 strategic hr metrics for impressing your ceo. Sap product brochure sap successfactors workforce analytics. Jul 10, 2014 back in may 2014, i wrote about the differences between metrics and analytics in my blog workforce dynamics and i have reproduced it here. Mercer webcast august 26, 20 14 leverage your existing metrics and analytics. Sap successfactors workforce analytics provides concrete and actionable insights on workforce data to drive your business strategy today and help you plan for the future. Common language and standards overall, working group participants felt the field of hr analytics needs to move in a number of directions to become even more beneficial for organizations. The primary focus here is on cost reduction and process improvement. Download and create your own document with hr metrics and workforce analytics 371kb 25 pages for free. Buying analytic software it is not about buying technology and looking for a way to use it, but rather being attuned to the workforce issues that interfere with company success. Understand the business context for hr metrics and workforce analytics. Hr metrics and workforce analytics pdf pdf format e.
Use of workforce analytics for competitive advantage shrm. This article offers an explanation on the importance of hr metrics and workforce analytics methods in implementing strategic decisions by analyzing information, facts and realistic data. Debating the difference between people analytics an hr analytics, therefore, seems to be a bit of a semantical discussion that doesnt add much value. Video the difference between people analytics and hr. It provides a brief on various techniques and tools used by the hr experts for gathering details on the hr metrics. Datadriven human resource management publicatieonline. Contemporary hr metrics and workforce analytics the field. Workforce analytics for retail turn retail labour and sales data into actionable business intelligence with kronos tools that highlight key performance metrics and easytointerpret reports. Chapter 6 hr metrics and workforce analytics 155 scorecard, which highlights how the alignment of hr activities with both corporate strategy and activity improve organizational outcomes. This proven solution has been used by hundreds of companies around the globe for ove r a decade to help them inform and execute their business strategy.
Both are an essential part of workforce analytics and when used together, these tools can make all the difference. Regional hospitals biggest challenge is staffing problems which results in high costs of patient care and. Human resources is an enabler that performs several functions vital to the desired operation of the. This article provides a list of hr metrics for hr analytics with corresponding examples. Hr metrics and workforce analysis is a useful strategic tool for hr which shares information and evidences about the functioning of the entire system by relying on facts and figures, as opposed to mere assumptions or personal opinions. Some people seem to use the terms interchangeably, so in this post, i will try and explain the difference and give some examples. Analytic data is allowing the human resources function to more accurately measure their successes, formulate effective strategies for future human capital development and justify the implementations of new policies and practices. One common use of hc metrics is in workforce scorecards, where strategic analysis has been undertaken to identify metrics that are critical to performance. In general, workforce analytics focuses on analyzing parameters around a workforce and on improving or optimizing a workflow and business process. The intersection of data and human behavior has led to the consumerization of workforce analytics tools. The role of hr analytics in workforce planning hppy.
As mentioned before, the terms hr analytics, workforce analytics and people analytics. Roublers one system and one source of truth uniquely allows for data from across its features and tools to bring together analytics that work for you and your organisation. Hr analytics measuring the success of investment made in people. This highly interactive and informative workshop will. Overview of hr analytics to maximize human capital investment. The paper also discusses the scopes and benefits of using workforce analytics tools as an aid of workforce planning. Your workforce is the most important resource to optimize.
I still dont know if we picked the wrong name for our analytics in hr platform. Workforce analytics and hr metrics like save print email reuse permissions. Define and describe three emerging practices in workforce analytics. Mar 31, 2015 intro to hr metrics and workforce analytics measures or metrics, without analysis, have no true value and in some instances can be dangerous. Introduction to hr metrics and workforce analytics. Hr metrics and analytics transforming hr data into business insight we offer four easy ways to register. Of all the parts of a company that can be optimized with analytics, the most valuable asset is the workforce itself. As the professional body for hr and people management, the cipd has a role and. Understand the importance of hr metrics and analytics in measuring hrs impact and drive business results.
Hr measurement, special issue, strategic hr, workforce analytics, workforce metrics. A manual search of the journal of global mobility resulted in. Here are the top 10 talent metrics that i have found to have the highest chance of getting your ceos attention. Back in may 2014, i wrote about the differences between metrics and analytics in my blog workforce dynamics and i have reproduced it here. Historically, it had access to business data and hr relied on them to create workforce reports. There are still obstacles to adopting workforce analytics. The top 10 strategic hr metrics that ceos want to see. And, with a clear plan in place, we provide a repeatable, established, methodologybased approach to analytics initiatives. Initially, hr metrics were primarily used to measure or audit aspects of. A comprehensive set of hr metrics, coupled with predictive capabilities, can help you maximize your existing workforce and acquire fresh talent.
Metrics and analytics reporting model and thereafter the key systems and processes that underpin a successful outcome. Hr metrics and workforce analysis management study guide. The differences between metrics and analytics workforce. Our expertise analytics, analysis and storytelling of workforce data. Whether you are looking to track productivity, recruitment effectiveness, performance or. Siddharth was the secretary of nhrds bangalore chapter and volunteered for 14.
Find out which hr metrics you should measure this year to stay ahead. Less than half of the global companies use objective data when making workforce decisions, and fewer than 20 percent were satisfied with. Use of workforce analytics for competitive advantage 03. The differences between metrics and analytics recently it seems to be getting more common for people to be confused over what exactly hr metrics and hr analytics are. Workforce analytics is a type of analytics that focuses on workforce metrics and optimization. Workforce analytics is a diverse collection of data analytic approaches for. Communicate and explain findings to various audiences in a way that is easily understood.