H.R ANALYTICS Flashcards
Definition
Process of collecting and analyzing HR data
Process can be referenced as
-Talent analytics
-People analytics
-Work force analytics
Importance
measured evidence about how HR are contributing in the organization goals
Collecting data
Employee profiles
Performance
Data on high performers
Data on low performers
Salary and promotion
Demographic data
On-boarding
Training
Engagment
Retention
Turnove
Absenteeism
Measurment
Porcess of continous measurment and comparison,(HR metrics)
Measurment process
Time to hire
Recruitment cost to hire
Turnover
Absenteeism
Engagment rating: productivity and satisfaction levels
Analysis
Review the results from metric reporting, this to identify trends and patterns.
three methods of analysis
Descriptive, Predictive, Prescriptive
Descriptive
Understand historical data and what can be improved
Predictive
Uses statistical models to analyze historical data, this to forecast futures risks or opportunities
Applications
Use the information to take decisions
Time to hire
determine the time to hire,
Turnover
Understand why employees are leaving, to prevent or reduce turnover
Absenteeism
Understand the abscence of employees, to develop strategies to improve the work environment impacting employees engagment