There has been a major change in the way deep-dive analytics has transformed the way organizations do business, helping them to remove the guesswork out of major operations and granting clear, actionable answers for informed business decisions. According to Deloitte, HR is lagging behind, with only 14% of companies using analytics in HR, compared to 77% using these tools in Operations.
How analytics tools can help increase efficiency and strategic value in HR
HR departments are responsible for attracting, retaining, and managing talent effectively. Using modern HR analytics can make this task more manageable and save time processing paperwork. To date, even the most critical HR decisions were made using spreadsheets that involved raw data and many hours of work.
(Also Read: Best Employee Engagement Strategies and Its Challenges)
The future of analytics in HR
Analytics can conveniently bring together data and pair it with context to give businesses the insight required to make informed decisions. By combining analytics between multiple departments, business intelligence can take a deep dive to provide a broader context for data.
Establishing a link to business data can help HR departments demonstrate how its efforts directly define the future of its business. Many organizations are already identifying how HR programs and efforts correlate with business results through analytics.
As the frequency of using analytics increases, the way these tools are used will gradually expand. Findings of key data trends can be shared as best practices between teams, and across international borders. Progress in this area is only going to accelerate going forward.
Selecting the right platform
To make this happen effectively, a reliable platform is required. Such a platform ensures HR only concerns itself with the output of analytics, not with the day-to-day paperwork involved in recruiting, interviewing, onboarding, and training. With accurate insights, the right platform can also help managers rearrange and share information in a secure way across all devices used by the modern workforce. Integrated cloud systems have opened the door to infinite possibilities in this regard.
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