What Is People Analytics?
People analytics can be seen as using software, data analytics, and other technology-related tools to ensure better hiring, more employee productivity, and better connection of people strategy to business strategy.
Leaders and managers can understand the cost of hiring and training an employee, the cost of a sudden termination, how engaged employees are with their jobs, and so on. In a world where everything is becoming ever more digital at an increasing rate, it is primordial to have the support of technology and data to base your decisions.
KPIs in People Analytics
Key Performance Indicators, or KPIs, are everything when it comes to evaluating the success of a business. In People Analytics we have many metrics and KPIs to calculate, but let’s list some of them to clarify:
- Absenteeism Rate
- Benefits Satisfaction Index
- Costs for Training
- Costs with Overtime
- Turnover
The days of managing high-performance teams and tracking these KPIs without the aid of technology are long gone. Questions like “How do we analyze the results of a training session?”, “Is it possible to quantify employee engagement and satisfaction?”, or “How does seniority relate to productivity?” are common. Fortunately, these can all be addressed through a single, well-structured report using a data visualization tool.
Empowering Analytics Through Visualization Tools
Modern data visualization tools allow you to connect to various data sources, transform data into actionable insights, and create impactful visualizations that support business decisions. These tools enable you to build reports that empower your HR Department, offering clarity and actionable insights into key metrics.
An overview of KPIs by date, area, and seniority.
The company is growing quickly, with more and more people hired over time. There is also an increase in overall overtime hours, which is expected.
By clicking in one of the photos, we select a manager and his area, and all KPIs adjust accordingly.
A page dedicated to Active Employees.
At the same time, we analyze the current workforce and classify different areas based on their performance and engagement. This is a quick and effective way to see where adjustments are needed.
A page where we can analyze training data.
By interacting with any visualization, modern data visualization tools can quickly filter and update the data across all other visuals in the report. This functionality is incredibly powerful for analyzing specific data segments and answering targeted questions.
For example, on a training analysis page, you can filter the total investment in training for women only and identify which department has the highest number of training sessions.
A complete analysis of terminations.
The Power of Data Visualization in HR
Modern data visualization tools bring People Analytics to life, transforming raw data into actionable insights. Key features include:
- Interactive Dashboards: Analyze KPIs by date, department, or seniority.
- Employee Performance Overview: Identify high- and low-performing areas at a glance.
- Training Analysis: Drill down into training investments and effectiveness.
- Termination Insights: Examine trends and correlations, such as gender, workload, and termination reasons.
Imagine having a fully automated, interactive report that updates hourly, with managers securely accessing data relevant only to their teams. This is how you revolutionize your HR department with Business Intelligence.
Ready to Implement People Analytics?
Transform your HR processes with expert support. At BIX Tech, we specialize in delivering tailored solutions for People Analytics. Let’s take your HR department to the next level.
Contact us today through our website’s Contact Page to get started!
