Source | www.techfunnel.com |
Get the most out of your HR reporting.
Don’t let your business miss out on the benefits of HR analytics.
Reporting is part of every part of modern business these days. You need advanced analytics for your sales team to be able to track revenue, customer account information, and to help forecast for budgets. Marketing teams depend on analytics to understand the success of their marketing campaigns.
It turns out that human resource management groups can also benefit from human analytics. Here are some of the top benefits of HR analytics.
Attract and Retain the Best Talent
Good analytical data can help you make good hiring decisions. Analytics can use data points from applications and match the best candidates to a job posting. You can also use people analytics to discover traits about a person that would make them a good cultural match for your company.
HR data analytics can also help you with retention and reduce employee turnover. Hiring candidates can be expensive and time-consuming, so it’s in your business’s best interest to try to keep quality candidates on board quickly. Using analytics information from exit surveys, as well as, reporting about times of year that employees have statistically left the company, can help you find and improve on potential patterns that makes employees less likely to stay with your organization.