Besides increasing the speed with which we can obtain information, an analytics platform also brings in added advantages like real time information; giving control to the user since they are no longer required to wait to be furnished with conventional reports.
In the sphere of people management, analytics is the latest buzzword. While data and analysis are hardly new since they have been used in some form or the other, what is changing now is the way usage is moving from pure reporting to insights, prediction, and the ease of doing so with the aid of technology. While these advancements will and should not replace the "people connect", since it adds a lot of value when used correctly.
Analytics in any form is basically a process to support decision making. Usually analytics at the function level is used in isolation - with specific case studies like prediction of attrition, which throw insights on talent retention in the company. However, function specific analysis is a subset of a much larger picture. There is a very real need to integrate this with analytics from other functions, connect multiple data points across an organization, and look at any issue holistically. And, it is this holistic view which will provide the complete insight to a leader during the decision making process.
This does not imply that every company should launch itself into full fledged analytics. Like everything else, a process or a system if prematurely introduced will not generate suitable appreciation or the maximum extent of utility. Sophisticated systems for analytics would not be truly required in smaller companies - lesser volume of data would mean that a fair amount of data churning could be done offline. However, as the company grows in size, the number of systems are also bound to increase, and, hence it would be beneficial to stockpile them together and analyze the data from different perspectives.
Identification of the data repositories
Bu hikaye Human Capital dergisinin October 2016 sayısından alınmıştır.
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Bu hikaye Human Capital dergisinin October 2016 sayısından alınmıştır.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
