Source | www.techfunnel.com | Tanuja Thombre
There has been a major change in the way deep-dive analytics has transformed the way organizations do business, helping them to remove the guesswork out of major operations and granting clear, actionable answers for informed business decisions. According to Deloitte, HR is lagging behind, with only 14% of companies using analytics in HR, compared to 77% using these tools in Operations.
How analytics tools can help increase efficiency and strategic value in HR
HR departments are responsible for attracting, retaining, and managing talent effectively. Using modern HR analytics can make this task more manageable and save time processing paperwork. To date, even the most critical HR decisions were made using spreadsheets that involved raw data and many hours of work.
The future of analytics in HR
Analytics can conveniently bring together data and pair it with context to give businesses the insight required to make informed decisions. By combining analytics between multiple departments, business intelligence can take a deep dive to provide a broader context for data.
Establishing a link to business data can help HR departments demonstrate how its efforts directly define the future of its business. Many organizations are already identifying how HR programs and efforts correlate with business results through analytics.