This presentation highlights the required steps for HR Departments to transition themselves into a formidable HR Analytics Team. It will show how to apply HR Analytics to a departmental case as well as the required skill sets for your HR Team to acquire in order to become savvy analytics professionals. #hranalytics #humanresources
3. Prescriptive Analytics
Application of corrective
actions towards scenarios
and calculating ROI.Prescriptive
Analytics
Predictive Analytics
Using relationships among
metrics to forecast and
predict outcomes.
Predictive
Analytics
Descriptive Analytics
Understanding the present
state, generation of
Metrics and KPIs.
Descriptive
Analytics
Data Collection
Operational Reporting based
on Business Objectives,
foundation for Analytics.
Data
HR Analytics Journey
3
4. Measuring and tracking
metrics in isolation
HR Analytics requires layering
and building relationships
among various metrics
The Metrics Trap
4
5. High Absenteeism
Low Retention
Additional Overtime Costs
Reduced Output
Staff Burnout
Skill Shortages
Departmental Issues
Applied Analytics
Warehousing Department Case
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6. 3
4
1
2
Increase Pay Rate
Staff Training
Defined ROI
Step 04
Increased Cost
per Hire
Reduced Sales
Output
Step 03Step 02
Absenteeism Rate
Turnover Rate
Cost per FTE
Operational Reports
Industry Research
Staff Feedback
Step 01
Data Gathering
Descriptive Analytics
Predictive Analysis
Prescriptive Analytics
Applied Analytics
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Warehousing Department Case
7. Consulting Capability
Facilitation of the
problem-solving process.
HR Expertise
Knowledge of HR Policies,
Processes and related issues.
Change Management
Implementation of action
to drive business change.
Technical Acumen
Use of Technology for
Data Mgmt. & Reporting.
Data Modelling
Applying Statistical Analyses
to generate insight from data.
Business Intelligence
Translating Qualitative HR
work into Quantitative value.
HR Analytics Team
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8. Drivers and Barriers
8
HR Capability
HR professionals are not proficient in
data analysis and quantification.
Transformational HR
Harnessing analytics tools and techniques
will shift HR into a transformational unit.
Business Performance
Maximizing the talent resources of the
organization can lead to positive results.
Organisational Culture
Shifting to a Data Driven culture requires
high levels of effort, investment and time.
Data Quality
Data collection and analysis is usually a
scattered and inconsistent process.
Data Driven Decisions
Reduced subjectivity and human bias in
HR decision making processes.
9. Enhance Your Team
Up Skill your HR Team by creating Cross
Functional Teams
Business Focus
Focus on your most significant Business
challenges and build from there
More than Metrics
Use Data and resulting Metrics to
identify relationships and solutions
Transformational HR
Shifting the HR function from
Transactional to Transformational
HR Analytics
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Key Takeaways