Event Details
By the end of this training, participants will be able to:
- Understand the importance of HR Analytics
- Learn the metrics measured by HR analytics
- Learn and effectively use the data to analyze trends
- Optimize employee performance by leveraging on analysis and facts arrived at
- Compensate the employees better leading to employee satisfaction and increased morale
- Set a benchmark and attract competent talent from the market
- Control and improve retention by placing the right policies in place
- Provide better employee development plans leading to higher engagement & productivity
- Develop effective workforce planning for cost and effort reduction
- Implement effective employee engagement programs thereby reducing attrition
- Make strong and appropriate decisions
- Learn to anticipate the change in business needs and the environment
- Use tools and technologies to stay ahead of the competition
- Select the right technology like AI/ Bots etc. for optimum
CONTENT
Introduction to HR Analytics
- What are HR Analytics?
- Difference between HR analytics, workforce analytics and people analytics
- Importance of HR Analytics
- Benefits of HR Analytics
Metrics Measured by HR Analytics
- Employee basis revenue generation
- Cost required to train an employee
- Training efficiency
- Employee experience and turnover rate
- Hiring requirement
- Adherence and absenteeism
Data Required by HR Analytics Tools
- Internal Data
- Employee tenure
- Employee compensation
- Training requirement
- Performance appraisal
- Competent and high performing employee
- Disciplinary action taken on any employee
- External Data
- Revenue Per employee or cost of hire
- Employee background check
- Employee behaviour pattern in past or outside the workplace
HR Analytics Process
- Understanding organizational goal
- Identifying the metrics alignment with organizational goals
- Collecting and analyzing the data
- Chunking data to assess impact on the organization
- Revisiting policies and procedure to make amends
HR Analytics Cycle
- Building and sensitizing the teams
- Create an analytical culture by coaching and monitoring the progress
- Implementing HR Analytics on small projects
- Collaborating and consulting with the legal team
- Finalize HR analytics solutions
Benefits of HR Analytics
- Enable clear and competent staff hiring to achieve the goal of the organisation
- Monitor employee behaviour and adherence
- Improve employee performance and satisfaction
- Reduce turnover rate
- Introduce innovative ideas to increase employee potential
Challenges for HR Analytics
- Collected data needs to be properly defined and characterized
- Gathering quality and right amount of data
- No or lack of inclination towards usage of HR Analytical tools
- Insufficient software and tools lead to insufficient and incomplete outcome
Addressing the challenges of HR Analytics
- Learn from organizations and leaders who are successfully leveraging on HR Analytics
- Proactively anticipate what challenges you might face and identify solutions
- Revisit policies and reinvent the wheel for organisational success
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
DATE
1ST BATCH: 27th Feb – 4th Mar, 2023
2ND BATCH: 19th – 23rd June, 2023
3RD BATCH: 23rd- 27th Oct, 2023