Ever since the digital era has evolved, organisations have been keen on investing in solutions for Human Capital Management and talent management. Using Digital HR systems as their guide, many companies pursue digitization to enhance productivity and efficiency in the HR department. People analytics is the source of knowledge that helps business leaders to make well-informed decisions on their workforce. Organisations are putting together teams to form data driven organisations. This real-time analytics will give deeper understanding and valuable insights for the business.
According to Deloitte, more than 71 percent of companies consider people analytics one of their key priorities. Workforce analytics have only been used to find useful information and providing it to managers. With Digital HR, HR analytics is no longer about such operational purposes, it’s about underpinning every business decision with real-time analytics. All-new Digital HR platforms leverage natural language query capabilities to take the workforce analytics to another level. The purpose of incorporating these novel technologies is to engage stakeholders of all levels in the organisation with the HR software solution.
Digital HR systems give excellent solutions for your needs in decision making based on analytics. One, they give you a wide range of information about your workforce. With a click of a button, you can have access to employee attendance, talent flow of the employees, workforce diversity; be it male or female, graduate or undergraduate OR any other criteria you would want to divide the workforce on. People headcount and turnover are also must-have features in workforce analytics.
As we highlighted previously, analytics derived from natural language query comes in very handily for leaders of a business enterprise. Typing a few words of what you want to look for, and hitting go is all you have to do to arrive at the information you need about your people. Digital HR solutions do not fail to provide useful analytics on the talent management. Business leaders, HR professionals, and even team leaders should be able to view comprehensive analytics on employee performance, training and development and recruitment. The purpose is to find out the best performers, the effectiveness of training programs against the budgets spent on training and the analysis of recruitment costs.
With People Analytics meeting Digital HR, the business world has taken another step forward towards future.