Understanding the challenges in establishing HR Analytics

1
Understanding the challenges in establishing HR
Analytics
2

• HR analytics is the process of collecting,
  refining and analyzing the collected data in
  order to improvise an organizations workforce
  performance. According to the recent report by
  Deloitte, 75 of companies believe in the
  importance of human resource analytics, yet only
  8 believe they are ready to embrace them. The
  workforce analytics can play a vital role,
  helping companies understand employees better and
  map their behavioral trends.
• It has now become imperative for organizations to
  understand the metrics in HR analytics. With
  analytics taking over each domain, it is
  important that we understand the significance of
  using anakytics in making major HR decisions. The
  business performance of any organization can be
  boosted using HR Analytics, especially when
  proper metrics are applied to pertinent and
  reliable data.

3
(No Transcript)
4

• Keeping that in mind, lets discuss some of the
  major challenges involved while applying HR
  Analytics to your existing HR process.
• Overflow of Data
• While collecting data at a rapid speed, there is
  a higher tendency to collect irrelevant data,
  which leads to overflowing of data. It is hard to
  use appropriate data when it is irrational.
• Better results cant be expected if the amount of
  collected data is huge, rather it has to be
  relevant. One can not apply the right analytics
  with rough collection of data else your
  organization will lead to bloated results. It is
  vital for organizations to refine and categorize
  the right analytics applied to collected data, in
  order to get expected results.

5

• Quality of collected data
• While collecting data, data experts should
  carefully keep both data quality and quantity in
  mind. A data overflow can directly lead to an
  accelerated collection of rough or irrelevant
  data, making it hard to associate between
  different data sets.
• There has to be an assurance with regards to data
  integrity and security, in order to guarantee
  data quality. In most of the organizations,
  inconsistency is one of the most common problems
  faced in the generation of departmental data.
  There are massive chances of data being missed or
  lost or ignored resulting in scarce analysis.
• Lack of analytical approach
• In todays analytical era, it is imperative for
  professionals to be well-versed with analytics.
  For organizations, hiring people well-equipped
  with adequate analytical knowledge is extremely
  important, especially in times like these when HR
  domain is transforming and taking HR to another
  level. For HR Analytics to succeed, it is
  essential for the team to possess a fine blend of
  HR and data analytics.

6

• We understand that analytics is new to many
  professionals who have been working in the
  industry for the longest time. Executive
  Certificate Program in HR Analytics with IIM
  Rohtak focuses on the applied methods and
  techniques with an output orientation for
  improving the human resource functions in large
  scale organizations. The course is designed
  carefully for working professionals, keeping in
  mind the state of the art industry trends and
  analytical tools. Nulearn, as their admission and
  technology partner also offers 15 hours tableau
  training post the completion of your course. Its
  time to take a step ahead in your career with
  Nulearn.

7
(No Transcript)