What can HR analytics do for my business?
Using data to better understand employees makes it easier to make informed decisions. HR analytics, or HR analysis, is a tool that helps make the business more efficient, as you no longer have to guess what skills exist within the company, which skills can be developed, and what simply isn’t worth it. Next, HR analytics impacts your ROI, return on investment – you have a tool to see how well employees meet the business goals.
HR analytics, or people analytics, can be used in many ways, not just to strive for better overall business goals. With the help of data, you can better understand how new hires experienced the candidate journey, or what they thought of the recruitment process itself. You can also use data to measure "retention", meaning the likelihood of employees staying with you or why they leave. Statistics allow you to identify patterns or trends.
How can HR analytics help me make decisions?
Statistics regarding your "human capital" provide a wealth of information that can be used to make data-driven business decisions that benefit the company. An HR department today has a lot to keep track of, from onboarding to offboarding – and here, one can rarely guess which decisions are right for the company. You need data or statistics to back up the decisions.
HR analytics, or people analytics, can help you gain a better understanding of how your recruitment process is perceived, or what really causes high employee turnover. Ultimately, it’s about making money from the business – that’s why the HR analytics tool is invaluable. At BusinessWith, you will find the various tools available on the market to find the one that suits you best. Take some time to compare – feel free to use the filter function to search for systems that have what you are looking for and need.
Quick Guide
Quick Guide
How do I get started with HR analytics?
Have you decided to see how HR analytics can help you understand your human capital in the company? That’s a big step, congratulations on that. Before you choose a tool, you should do some preparatory work. Where are you today? How do you currently make decisions within HR? What "projects" or phases do you want to start measuring?
To best get started with HR analytics, you should have a few selected individuals working with the tool and the data. What is your purpose? What do you want to achieve? What does the perfect process look like? How do you handle data today? What can be improved?
To then choose a tool, you have BusinessWith to assist you. Here you can easily compare the different HR analytics tools available on the market to see which one is the best match for you. Think about which features are important to you – and then compare the different tools to find the best HR analytics tool. We are here if you have any questions.
Description of product features
Analysis tools
Cost estimates
Dashboard
Easy sharing of results
Information and data collection
KPIs
Recommendations
Reports