Analytics and reports: seven reasons why you need them !

Human resources have access to large quantities of data about employees. This data is often stored in filing cabinets or spreadsheets. While you can find individual pieces of information easily with this system, it’s much harder to see the big picture. There’s just too much data for that to be practical.

That’s changing as more companies move towards HR technology. With human resource information systems (HRIS), data is stored centrally, and reports & dynamic dashboards can be easily created. HR departments now have access to valuable HR reporting and analytics.

Here are seven reasons why you need reports and analytics.

1. To Make Better Hiring Decisions

Hiring decisions can be hard, but it’s easier to make the right choices when you have access to reports and analytics. With information about past hires, you can make smart hiring decisions going forward.

For example, if analytics show you that candidates with less than five years’ experience have never excelled in a certain position, you could start looking for people with more experience.

2. To Forecast Hiring Requirements

In some industries, hiring requirements can be unpredictable. With analytics, you can view past hiring needs and use that data to predict future needs. This helps you get a head start on hiring.

When the business owner tells you to hire new employees, you’ll already have some good candidates in the pipeline.

3. To Identify Employee Turnover Patterns

Turnover may seem unpredictable, but with analytics, you can look for patterns. For example, employees often leave jobs for promotional opportunities or for better pay and benefits. You can identify “star” employees from average employees and ensure you proactively work to retain them and make them feel valued. With these types of insights, you can develop a strategic approach to ensuring employees are always providing value in the business, which is more effective than running a business blind.

4. To Track Employee Performance

Some companies are doing away with yearly performance reviews and replacing them with ongoing feedback. With analytics, you can view trends in this feedback and identify the company’s best performers.

These high performers can then be targeted for promotions, additional training, or other opportunities.

5. To Discover Root Causes of Issues

As an HR professional, you hope employees will come to you when they have a problem. However, that doesn’t always happen, which makes it harder to identify the root causes of issues in the workplace.

With analytics, you can get to the bottom of this. For example, employees who aren’t engaged could all be in contact with the same poor manager.

6. To Manage Compensation

Managing compensation is a delicate balance. You need to ensure employees are being paid well enough to perform well and feel satisfied, while also meeting the business’s budget needs.

Analytics help you reach this balance. You can easily view employees’ pay scales, benefits, and other types of compensation, and compare that data to employee performance, your budget, and other factors.

7. To Become a Strategic Partner in the Business

Traditionally, the function of the human resources department has been more administrative and transactional. Now that HR technology is replacing paper and spreadsheets, HR professionals have more time to tackle more important tasks. They can use their new HR reports and analytics to make strategic decisions for the business.

With so many benefits, it makes sense to embrace HR reporting and analytics. You can put your vast amount of HR data to use and improve HR functions, as well as the performance of the overall business.

Get the latest

You May Also Like

The ever-evolving business landscape, demands a skilled workforce to stay competitive. Imagine a marketing team struggling...
As companies prepare for the holy month of Ramadan, organizations worldwide face the need to adjust...
In today's fiercely competitive job market, attracting the best candidates for your open positions requires more...

Single Datasource

In the same vein, a single source of truth not only improves data accuracy, but also improves data security.

Workflow Automation

Streamline HR approval processes with an efficient workflow engine.

Form Builder

With an efficient form builder, you can design and collect data from employees

HR & Payroll Analytics

We give you insights you didn’t even know you needed into payroll and human resources

API Integration

We have an open API that lets you integrate other applications with One people

Dynamics 365

With One people, you can seamlessly integrate Microsoft Dynamics 365

SAP

Integrate seamlessly with SAP instance

Oracle

Integrate seamlessly with Oracle Fusion Human Capital Management

Middle East

United Arab Emirates, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, Lebanon, Jordan, Iraq, Iran & Egypt

Asia

India, Pakistan, Sri Lanka, Afghanistan, Kazhakistan

North Africa

Morocco, Tunisia

West Africa

Burkina Faso, Togo, Ghana, Côte D’Ivoire, Guinea

Central Africa

Chad, Gabon, Cameroon, Congo, Angola, Equatorial Guinea

East Africa

Tanzania, Kenya, Ethiopia, Zambia, Uganda, Zimbabwe, Mozambique, Djibouti

Southern Africa

South Africa, Namibia

Do You Have Fewer Than 10 Employees? Sign Up Today. We’ll Never Charge You.

Performance Overview

people_management-3

People Management

Operate locally and manage your business globally.

people_management-3

Global Payroll

The timely and accurate payment of employees

people_management-3

Employee Experience

Provide a better employee experience with One people

people_management-3

Performance Management

Futuristic continuous performance management solution

people_management-3

Time Management

Make it easy to record the time spent by your employees

Features

people_management-3

People Management

Operate locally and manage your business globally.

people_management-3

Global Payroll

The timely and accurate payment of employees

people_management-3

Employee Experience

Provide a better employee experience with One people

people_management-3

Performance Management

Futuristic continuous performance management solution

people_management-3

Time Management

Make it easy to record the time spent by your employees

Integration

people_management-3

People Management

Operate locally and manage your business globally.

people_management-3

Global Payroll

The timely and accurate payment of employees

people_management-3

Employee Experience

Provide a better employee experience with One people

people_management-3

Performance Management

Futuristic continuous performance management solution

people_management-3

Time Management

Make it easy to record the time spent by your employees