How HR Analytics Will Transform Employee Experience

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How HR Analytics Will Transform Employee
Experience
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• Big Data is completely revolutionizing business
  processes across diverse segments, but data is
  meaningless without interpretation. This is where
  analytics has emerged as the next big career
  option for those trying to climb the ladder of
  corporate success. One of the key functions where
  HR Analytics is set to play a disruptive role is
  Human Resources.
• Companies across the world are hiring like never
  before, and they are now keen to utilize
  technology to make sure that they hire the right
  personnel and retain them for longer. There are
  several new technologies in the market that
  collect data to measure key indices such as
  hours, employee performance, productivity,
  wellness, and business performance. HR Analytics
  takes all of this data and establishes the key
  areas of improvement, hence playing a crucial
  role in the overall business strategy.

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• According to Deloitte, 71 percent of companies
  view workforce analytics and employee behavior as
  a priority in their organizations and 31 percent
  rate it as being very important. The figures in
  the report also show that the importance of HR
  analytics for employee experience is especially
  high in rapidly developing countries like India,
  China, and Brazil, where there is a huge talent
  pool competing for jobs. The figure is also above
  par in developed countries like UK, USA,
  Australia, Netherland, Japan Italy.
• This shows that most forward-thinking companies
  have realized the importance of HR analytics for
  employee experience. As they adopt better
  technologies for HR, we are more likely to see a
  massive change in the way we work. The most
  telling effects are already being seen in two
  fields, recruitment and employee motivation, and
  the transformation has only just begun.

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• This is the most obvious area where HR analytics
  will come into play. Analytics will provide
  recruiters with significantly higher levels of
  information about the prospects than what they
  have now. The right analytics tool will crunch
  through public data in order to provide a
  comprehensive digital picture of their strengths,
  weaknesses, experience, and credentials. This
  will, in turn, enable recruiters to focus more on
  the human process of hiring that includes
  assessing interpersonal skills, talent
  management, leadership, and psyche evaluation.
• Recruitment
• HR analytics also opens up new avenues for
  discovering and maintaining recruitment channels.
  Data can help the company find exactly how
  recruitment channels are performing and
  accurately measure its success rates.
  Consequently, this can power the development of
  new and innovative recruitment channels such as
  competitions and even video games.

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• Employee Motivation
• Understanding the employee is fast becoming one
  of the key priorities of businesses in the new
  millennium. It has been widely demonstrated that
  the right set of employees can take the business
  to higher levels and that people are not as
  replaceable as many would like to believe. HR
  analytics will play a key part in motivating and
  retaining employees.
• This has already been showcased by Sociometric
  Solutions, which puts sensors in name badges to
  discover social dynamics at work. The badges
  monitor how employees move around the workplace,
  who they talk to, etc.

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• One of their major clients discovered that their
  more productive workers were those who were
  allowed some leeway, such as being allowed to
  take their breaks together in which they let off
  steam and shared tips about dealing with
  frustrated customers. They took heed and switched
  to collective breaks, after which performance
  improved 23 percent and the amount of stress in
  workers voices fell 19 percent.
• These are just two of the more obvious ways in
  which the employee experience is likely to change
  in 2019. As the field of analytics develops, it
  will encompass multiple other parameters such as
  employee safety and well-being, learning and
  development, and business performances.
• Companies will be on the lookout for data
  analysts that can make all of this happen, so
  this is just the right time to add data analytics
  to your skillset. If you want to enter the world
  of HR analytics and open up bright new prospects
  for your career, then just register for the
  Executive Certificate Programme for HR Analytics
  by Nulearn. The Program has been designed and
  delivered by IIM Rohtak. Its an experience that
  can change your life.

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