Data analytics for HR helps streamline the human resource processes within the organization. The Power BI dashboard is commonly used to derive actionable insights to improve employee performance and retention rates. Let’s read more about the importance of HR analytics in an enterprise.
The HR (Human Resource) department is the heart of every organization. From recruitment to compensation to performance appraisal and employee wellbeing, the HR department plays several roles in the enterprise. The HR acts as a mediator or a bridge between the employees and the management or enterprise. It’s no surprise that the HR department is already burdened with work. Providing them access to the latest technology and means to derive insights in real-time will help reduce the workload and create a healthy environment throughout the organization.
HR analytics or people analytics is the key to helping the HR department provide a better working experience for the employees. Unlike other analytics, HR analytics doesn’t collect data about employee performance. It gathers data about the HR processes and the work environment so that the processes can be made more efficient to keep employees happy and productive. Issues such as high employee turnover rate, decreased productivity, employee grievances, etc., are the focus of HR analytics.
Human Resource or HR analytics is where analytical processes are applied to human capital in the business to improve outcomes and enhance critical talent. The analytics aims to provide in-depth insights into the HR processes to increase employee retention, performance, and productivity.
The Covid-19 pandemic has affected the Middle East market along with the rest of the world. A report published in Jan 2021 showed that around half of the employees wanted to change jobs. While some responders said that flexible working and job security were their primary factors, 45% admitted that a higher salary was their aim.
The employees in Gulf and UAE regions saw an increase and decrease in salary. While the increase was to retain top-level professional employees, the pay cuts were due to the pandemic and resorted after the market conditions improved. Around 64% of the employers in the Gulf said they would be hiring additional staff in 2021 and 2022.
So how does the HR department make these decisions in volatile market conditions? They rely on HR analytics to understand the existing situation and come up with a new one. A survey report by CIPD showed that 82% of the respondents were already using HR analytics in the Middle East. Almost 72% of them responded that they will continue to invest the same amount or increase the investment in HR analytics.
Middle Eastern organizations are actively upgrading the legacy systems and adopting the latest technology to provide employees with more growth opportunities. HR analytics will continue to play a vital role in helping organizations design robust and agile end-to-end HR processes.
Data analytics in HR helps build the data-driven model to make decisions based on actionable insights in real-time. Implementing HR analytics requires proper planning and continuous monitoring to ensure that the analysis reports are accurate.
How do you plan to manage the data within the organization? Start by creating a data governance program and define policies to collect, clean, process, and store data. Then you need to align the data definitions with analytical processes and focus on the four main key areas of human resources- recruitment, absenteeism, turnover, and retention.
You also need to determine whether you have the necessary talent to run analytics or if you need the assistance of a Power BI consulting company. Many organizations in the UAE hire offshore solution providers to set up the HR analytical dashboard. The metrics you choose for the dashboard should align with the KPIs of your business and achieve short-term, midterm, and long-term goals.
You don’t need to invest heavily in HR analysis from the very first day. Start small by focusing on minimum metrics and run a pilot test to see how the insights are helping in making faster and better decisions. Gradually, you can expand the dashboard and hire HR analysts to manage the processes.
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HR analysis reports are used to improve the processes and capacity of your business. Focus on one target group first before implementing the changes throughout the enterprise. Starting with the capacity building of HR Business Partners is recommended as they are the ones who are in constant contact with your customers.
Dealing with employee data means you have to be extra careful about data privacy. Your employees need to know that their data privacy rights won’t be compromised to run HR analytics. Set up policies to find a balance between both.
The HR analytics dashboards help the business adopt a strategic approach to growth and development.
Though the HR analytics dashboard offers numerous benefits to the organization, the process is not without challenges and complications. How you overcome the roadblocks determines the success of your enterprise. Power BI consultants can help the HR team find a comprehensive solution for the challenges and create HR analysis dashboards to derive real-time insights.
As we previously discussed, the lack of data analysts within the enterprise can make it hard to use technology and derive insights for the HR team. This problem can be solved by hiring offshore consultants.
The accuracy of the reports depends on the data. Data cleansing is a crucial part of the process. Moreover, using excess data for analytics can lead to vague results, which are not useful for decision-making.
Though there are various analytical tools in the market, not all are suitable for your business. HR dashboard analytics should be easy to access, understand, and implement. Power BI by Microsoft is preferred by several organizations due to its ease of use and versatility.
The Power BI HR analytics dashboard is widely used in various enterprises. Power BI is a software suite of processes and applications that help collect, process, store, and analyze data in real-time. The Power BI dashboard is user-friendly and customizable. You can access the dashboard through the web browser, desktop servers, and mobile phones.
From running performance ad hoc analysis to collaborating with your HR team, Power BI offers many features to understand your employees, the processes, and how the processes are affecting the employees.
The employee metrics dashboard combines several factors that influence the employees’ performance, which directly impacts the business performance in the competitive market. You can use Power BI to create multiple dashboards focused on individual factors to derive insights and predictions.
DataToBiz offers Power BI services to organizations from various industries. We work with businesses from different regions and have a strong client base in the Middle East countries. Our expert consultants create customized dashboards for HR Analytics using Power BI to help organizations achieve their goals by improving employee productivity and reducing the attrition rate. Talk to us to know more about how Power BI dashboards can be used for HR analytics.