Originally served on February 7, 2020 @ 1:34 am
Of 11,070 Respondents, 85% Accepted That, People Data Is Important Or Very Important
Of The Same Group, Only 42% Agreed That Their Organization Is Ready Or Very Ready For HR Analytics
This gap as reported by Deloitte in their 2018 study Global Human Resources Trends, goes to conclude a huge gap between perceived importance and capability maturity of HR to it’s most important stakeholder – Organization & Business.
Needless to say, not only does the credibility of HR takes a huge dent, with this big a gap in the Say-Do ratio, equally, but so does its longed dream of getting the seat at the table.
HR Analytics plugs that gap, linking HR data trends to critical business outcomes – it transforms human capital to be more business centric & organization aligned.That’s where The Brew comes to rescue (See some of our high impact in HR Analytics). Leveraging our competence at intersection of Functional Human Capital expertise, Data & Systems approach we provide analytics consultation to organizations from strategy development through execution.
The Brew’s capabilities in HR Analytics
|HR Related (Enabling HR Function with HR Analytics)||Business Related (Cross Functional Enablement to solve business problems|
|Trend Prediction||• Staffing levels /Workforce Planning|
• Best time to contact candidates, for hiring or for reviews
• Predict Performance, Absenteeism, Productivity
• Diversity Analytics
• Employee Attitudes & Perceptions
• High Potential & High Performance Talent Pools
|• Which training delivers best business results / impact|
• Which behaviors highly influence/impact favorable business outcomes
• Quantify with business cases for talent / capability building investments with a realistic cost - benefit rationale
|Individual Prediction||• Flight risk of current employees|
• Talent Management Analytics
• Expected Value of Hiring
• Performance, Productivity & Contribution
|• Which candidate to hire|
• Which employee to promote
• Best career path for a specific employee
• What and whom to invest in
Debunking a few myths with the power of data
Hypothesis – People don’t leave their Jobs, they leave their Bosses !! In a study carried out by Allen, Bryant and Vardaman, they found that even the strongest correlation is that of 0.25 which isn’t great.
Making the data & science work for you
A Healthy Analysis & Outcome !! Adoption of corporate wellness program can save India Inc., an income up to $ 20 bn by 2018, through reduction in absenteeism rate by 1%. An analysis equally revealed, that on an average for every rupee spent on employee wellness program, employers get INR 132.33, as a saving on absenteeism cost & INR 6.62 back as reduced healthcare costs.
Value Unlocked with The Brew’s HR Analytics (Indicative)
People & Business Leaders, if your feedback systems are not enabling you to predict critical organizational outcomes (e.g., profit, turnover cost, customer satisfaction) and help you ascertain which human capital lever to focus with a definite understanding of overall system, then your organization is no better than assuming which employee attitudes are driving the bottom line
Lets connect over a brew, to transform your organization in to an outlier, with The Brew`s HR Analytics !!