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A guide to HR analytics
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Article
HR analytics poised to transform human resources
Human resource departments have always collected and tracked employee data, from birth dates to health benefits to performance reviews. But with the advent of HR analytics, they must now interpret the data to spot trends, solve issues and come up with new ideas. Read Now
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Article
How to get started with HR analytics
At Impact 2013, a talent management conference hosted by HR consultancy Bersin by Deloitte, attendees wondered how to get started with HR analytics. Conference speakers presented five steps to get them on their way. Read Now
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Article
Early adopters share keys to HR analytics success and solutions to challenges
At the Human Capital Institute 2013 Workforce Planning and Analytics Conference in Atlanta, speakers from three separate companies talked about their experiences with early HR analytics adoption, and offered advice to those considering it for their organizations. Read Now
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Article
The push for HR analytics requires a strong business case
The realization that HR analytics can help organizations achieve strategic objectives has created a surge of interest in many human resources departments, but getting management on board is crucial. Several experts weigh in on how to build a strong business case for HR analytics. Read Now
Editor's note
Human resources is stepping into the spotlight with HR analytics. In years past, one of HR's primary goals was to collect and keep track of employees' personal and professional information, such as payroll, health benefits and performance reviews. Now, the tide of technology has reached HR's shores and is carrying it into deeper waters where it can analyze data to play a more active role in the organization.
It's important to note that HR metrics are not the same as HR analytics. HR managers typically used metrics to measure such data as turnover rates and sick days. With HR analytics, they can gauge employee engagement and whether or not workers have the skills to reach company goals. HR representatives can now talk with business leaders, find out what they need and hire accordingly. HR analytics allows human resources to interpret data, recognize trends or issues, and take proactive steps with different departments to keep the organization running smoothly and profitably.
In this guide, learn more about how HR analytics has pushed human resources into a more active and involved role in organizations' planning and objectives.
1Increased interest in HR analytics
The word is out on HR analytics, and interest -- along with technology -- is growing rapidly. A positive sign of this increased enthusiasm is that in addition to numerous HR analytics vendors, talent management suites are now available with embedded HR analytics. Organizations are also turning their attention to employee engagement with HR analytics, doing away with unreliable surveys and using sentiment analysis to measure engagement in real time. What other developments are happening in HR analytics? Read on and find out.
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Article
HR analytics allows organizations to model their workforce
Proponents say HR data analytics allows organizations to maximize their workforce by ensuring their employees have the necessary skills to achieve the organization's objectives. Read Now
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Article
Measure employee engagement with sentiment analysis
Instead of the usual survey to gauge employees' happiness and productivity at work, organizations are now turning to sentiment analysis to measure employee engagement. With sentiment analysis, organizations can measure employee engagement in real time and uncover the root causes of disengagement. Read Now
2HR analytics and company strategy
If interest in HR analytics is growing, it's because it has delivered results and strengthened the human resources profile within the organization. For instance, one expert says that CFOs are showing more interest in human resources application suites, with some choosing to unify HR analytics with their financial platforms. This recognition of HR analytics and the benefits it brings to an organization's bottom line is giving human resources an integral role in planning and achieving business objectives, as detailed in this section.
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Article
The benefits of HR analytics and financial management systems integration
Do HR analytics and financial management systems go together like peanut butter and jelly? Besides data quality and analysis benefits, one expert thinks that the pairing could be critical to the continued relevance of the HR profession. Read Now
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Article
CRM can help guide HR in workforce analytics
Because employees are not always willing to be forthright when they answer workplace surveys provided by their employer, the data is not always reliable. One expert suggests that taking a page out of the customer relationship management (CRM) playbook might be in order. Social media and sentiment analysis are tools that organizations use to measure customer satisfaction, and they could prove just as useful in measuring employee engagement. Read Now
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Proper metrics for HR analytics increases the influence of human resources
With the right metrics for HR analysis, human resources can identify each department's key business needs and whether -- or how well -- they are being met. By doing so, human resources could play a more strategic role. Read Now
3Important terms related to HR analytics
Sound like an HR analytics expert with these related terms.
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Definition
Human resources analytics
People analytics is the application of math, statistics and modeling to worker-related data to see and predict patterns. Read Now
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Definition
Human resource management
Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. Read Now
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Definition
Data analytics
Data analytics (DA) is the science of examining raw data with the purpose of drawing conclusions about that information. Read Now
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Definition
Real-time analytics
Real-time analytics is the use of, or the capacity to use, data and related resources as soon as the data enters the system. Read Now
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Definition
CRM analytics
CRM (customer relationship management) analytics comprises all programming that analyzes data about customers and presents it to help facilitate and streamline better business decisions. Read Now
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Definition
Employee engagement
Employee engagement is the emotional connection an employee experiences that results in a willingness to expend discretionary effort at work. Read Now
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Definition
Workforce analytics
Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM). Read Now
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Definition
Opinion mining -sentiment mining
Sentiment analysis, also referred to as opinion mining, is an approach to natural language processing (NLP) that identifies the emotional tone behind a body of text. Read Now