Talent Measurement
As more significant advances have been made in the handling and analysis of Big Data, organizations are increasingly aware that they have an invaluable resource for making timely and efficient decisions.
The area of human resources is not immune to this reality, especially when faced with increasingly complex processes in talent management, which generates an impressive amount of information. This has led human resources departments to seek an important ally in analytics, as through intelligent dashboards as well as predictive models and algorithms, they can better understand the needs of their employees and make better decisions.
Descriptive Analytics
Through descriptive analytics, with the construction of HR dashboards, it is now possible to perform intelligent and interactive analysis of data on talent in organizations, managing the necessary metrics to understand the performance of our collaborators and make the necessary decisions to ensure that they are invaluable allies in achieving organizational objectives.
At Innova HR & Talent, we offer our descriptive analytics processes with the development of dashboards using Power BI and the KPIs that your organization needs to measure the performance and potential of talent, understanding what has been happening in the past and present to adopt the most efficient strategies that allow us to maximize the performance of our collaborators.
Some KPIs in the Human Resources area:
• Turnover Rate
• Absenteeism Rate
• Workplace Accident Rate
• Time to Fill Vacancies
• Talent Retention Rate
• Training Effectiveness
• Time to Achieve Goals
• Number of Qualified Employees for Key Positions
• Number of Employees Promoted to Higher Positions.
Predictive Analytics
With predictive analytics in human resources, Innova hr & Talent offers a tool that allows you to anticipate the results and behaviors of your employees through models, algorithms, and artificial intelligence generated by unique Machine Learning models for each organization, built based on their data and information, and adapted to their specific needs.
What does predictive analytics in HR allow?
Predict absenteeism
Automatically evaluate competencies that predict better performance and discover profiles that best fit the company’s requirements.
Detect successful candidates
Discover profiles most likely to leave a company’s job position.
Predict turnover
Determine profiles with a higher probability of leaving the company.
Identify successful professionals
Know your employees, identify those with the most potential.
HR Analytics
HR Analytics is the application of data analytics to human talent processes, using information and metrics generated from the interaction and management of employees within organizational processes.
At Innova HR & Talent , we offer our analytics and data processing processes related to human resources, such as selection, onboarding, training, development, succession planning, retention, engagement, compensation, and benefits. These processes enable us to make more informed decisions about our employees that improve their productivity and align with the organization’s goals and culture.
What do HR Analytics Projects contribute?
Increase in Benefits. Access to information allows us to increase the profitability of our business by making accurate decisions, such as career plans for outstanding employees in key positions.
Reduction of Losses. We can make accurate decisions that allow us to reduce losses, for example by training employees in skills and abilities that are appropriate to their position and responsibilities.
Cost Reduction. Knowing the appropriate data allows us to avoid wrong decisions, which leads to cost reduction, such as predicting a candidate’s capacity in a recruitment process.
Discover and Take Action. By analyzing talent data and data from other departments or even external sources, organizations can explain and predict phenomena that are unexplained or hidden in the organization.
Stages of an HR Analytics Project
Needs and project objectives identification
An initial study is conducted on the project objectives, necessary metrics, and data sources to be addressed. This study aligns with the culture and strategic goals of the organization.
Descriptive Analysis
Dashboards with KPIs are constructed to provide information about what has happened and is happening at the moment in terms of human talent.
Predictive Analysis
Predictive models are constructed to anticipate the outcomes of performing or not performing certain actions.
Prescriptive Analysis
Necessary recommendations are developed to prevent certain phenomena or achieve certain objectives.
