analytics - a magic wand for hr professionals
DESCRIPTION
Role of Analytics in making a Human Resources (HR) function more effective and efficient. BRIDGEi2i provides Business Analytics Solutions to enterprises globally, enabling them to achieve accelerated business impact harnessing the power of data. These analytics services and technology solutions enable business managers to consume more meaningful information from big data, generate actionable insights from complex business problems and make data driven decisions across pan-enterprise processes to create sustainable business impact. More about Bridgei2i at: http://www.bridgei2i.com/TRANSCRIPT
Karthikeyan Damodaran BRIDGEi2i Analytics Solutions
The Fifth Elephant 2012, Bangalore
28th July, 2012
@ 2012 BRIDGEi2i Analytics Solutions Pvt. Ltd. All rights reserved
Analytics- A magic wand for HR Professionals
I am part of an Analytics Solutions company that is focused on embedding data driven decision making
HR has to cope with some very serious challenges
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Hiring Effectiveness
Compensation Planning & Allocation
Retention
What is HR Analytics
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• It is leveraging the data lying around in the HR database and elsewhere in the organization to take the best possible decisions regarding people, their well being and their development.
• It is realizing that solutions to the most intractable problems lies buried in the data
TENURE RATING PROMOTION
SALARY ATTRITION INCENTIVES
HR Analytics Illustration- Hiring Effectiveness
Qualification
Institution
Location
Job Roles
The Fitment Conundrum
PERFORMANCE
COST
Quantify Normalize Weightage
Data Driven Hiring Decision Engine
HR Analytics Illustration- Compensation Planning & Optimization
How much to pay?
GOALS BUDGET MARKET
Business/ Individual
Performance
Tolerance Level by Goal
Type
Performance Rating
Differentiation Philosophy
Fund Constraints
Allowable Spread
Target Positioning
Specialized Skills
OPTIMIZATION ENGINE
PROBLEM SOLVED
HR Analytics Illustration- Drivers of Retention
How do I retain my employees?
Everybody seems to be leaving!!!
THEMES & SENTIMENTS
PROMOTION
MULTIVARIATE INTERACTIONS SEGMENTATION
Measurable contribution to
Business
Fact based decisions
Targeted and
optimized resource
deployment
STRATEGIC LEVER THAT LIFTS BUSINESS
OUTCOMES
Visualizing a Data Driven HR Organization
METRICS DRIVEN ANALYTICALLY DETERMINED WORKFORCE
PERFORMANCE
ENHANCED AWARENESS OF
WORKFORCE ISSUES & TRENDS
THANK YOU
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