How Can Data Analytics Boost Human Resource Management - PowerPoint PPT Presentation

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Title:

How Can Data Analytics Boost Human Resource Management

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Currently, human resource managers play a critical role in managing a company’s most valuable asset – its employees – and providing insights to upper management. However, with the advent of technology, the role of HR leaders has not only changed but also gained a fresh perspective. Traditionally, HR’s focus has been limited to descriptive and diagnostic activities, such as managing employee records, hiring and firing, and addressing workplace conflicts. But with changing tides, the role of HR leaders has evolved to become more predictive and prescriptive. Read more @ – PowerPoint PPT presentation

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Updated: 16 August 2023
Slides: 10
Provided by: hrtechcube1
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Title: How Can Data Analytics Boost Human Resource Management


1
How Can Data Analytics Boost Human Resource
Management
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2
How Can Data Analytics Boost Human Resource
Management
BUILD A HIGH-QUALITY DATA FOUNDATION Peoples
data can be easily collected and securely stored
on a single cloud-based HR system that the whole
organization can trust. Such advancement has
helped in creating a high- quality data
foundation that HR leaders can build upon
to accelerate the HR analytics journey.
Learn More
3
Five Key Areas
  1. Evaluating Employee Performance
  2. Determining Raises and Promotions
  3. Controlling Attrition, Increasing Retention
  4. Evaluating Employee Engagement
  5. Measuring Individual and Group Development

4
Evaluating Employee Performance
  • Present your ideas to the audience in
    easy-to-understand language.Make the audience
    understand, motivated and
  • inspired by your ideaTraditional performance
    evaluations are often based on simplistic
    metrics like gross sales numbers, which can
    overlook important factors like mentorship or
  • relationship-building skills. By applying data
    analytics to the process of evaluating employee
    performance.

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5
Determining Raises and Promotions
  • Using data analytics to determine appropriate pay
    raises and promotions can help prevent valued
    workers from slipping
  • through the cracks. By analyzing
    performance-based data, HR can ensure that
    workers are being compensated fairly and
    recognized for their contributions to the
    organization, which can increase employee
    loyalty and performance.

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6
Controlling Attrition, Increasing Retention
By examining data on employee engagement
and satisfaction, HR can identify patterns that
might be leading to high levels of employee
turnover. By addressing underlying issues and
improving employee engagement and satisfaction,
HR can reduce attrition rates and increase
retention, which can save the organization money
and improve morale.
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7
Evaluating Employee Engagement
The key to a high-performing company is often the
level of employee engagement. By measuring
employee engagement through employee feedback,
HR can identify areas that need improvement and
initiate engagement by asking for employees
opinions. Engaged employees tend to be more
excited about their job and perform better than
average, and they are less likely to look for
new career opportunities outside the company.
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8
Measuring Individual and Group Development
Data analytics can be used to measure the growth
and development of individuals and departments,
particularly in training programs. By using
hypothetical situations and AI technology to
customize training programs based on employee
feedback, HR can improve employee skills and
knowledge, leading to increased productivity and
job satisfaction.
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9
Thank You
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