LONDON--(BUSINESS WIRE)--When consumers think off implementing analytics, human resources (HR) isn’t usually their first thought, however, this is a market that can reap many benefits from advanced analytics services. Talent management software and solutions have become an essential part of the human resources (HR) industry, aiding in improved efficiency for many tasks.
All of the key vendors in the market are adopting analytics into their HR processes to help with workforce planning, performance and succession management, talent acquisition and the learning and development of employees. Global analytics and advisory firm Quantzig has announced its top 10 HR analytics trends that are helping companies utilize their employee data to make better decisions about their workforce and improve overall operational performance.
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Top 10 Benefits HR Analytics Provides Your Organization
1) Task Automation
Eliminating easy, repetitive tasks frees up time for employees, allowing them to shift their focus to more gratifying work. As HR analytics technology becomes more advanced and accessible, routine and tedious tasks will be performed by computer programs, making better use of the human resources at the company’s disposal.
2) Improving employee experience
HR experts have found a correlation between employees who have feelings of belonging within a company and increased morale and productivity. HR analytics can analyze how strong an employee’s sense of belonging, what contributes to it and how it can create a better work environment.
3) Developing Talent
As technology and job requirements continuously evolve, keeping employees up to speed becomes increasingly challenging. Cognitive learning programs help determine what an employee needs to learn, how they should learn it, while evaluating their skillset and engagement.
4) Information becomes easily accessible to management
Managers are usually busy with multiple tasks and responsibilities and often rely on HR to keep up with employee’s needs and experiences. However, analytics easily provides managers with insights on employee attitude and performance, allowing them to quickly identify who is struggling and who could potentially thrive in a different role, without taking time away from their other responsibilities.
5) Integrating HR analytics with the entire organization
HR analytics data should not be viewed only in isolation because it actually impacts the entire organization. Combining HR analytics with business data like financial statistics can help identify insights that could otherwise be overlooked.
View the whole top 10 list of HR analytics benefits from Quantzig.
For information on Quantzig’s services and solutions, or information on recent successful projects helping Fortune 500 clients, please contact us.
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of about 120+ clients, including 45 Fortune 500 companies.