In the past, HR used analytic tools to gather data on an irregular (sometimes only yearly) basis, with little action taken from the findings. Today, growing organizations realize that “people data” needs to be captured much more regularly – and it needs to quickly result in action.
5 Ways That HR Analytics Tools Benefit Your Organization
Historically, “HR analytics” were simply the data collected from an annual employee survey – and that’s about it. Even worse, nothing was ever done with survey results, leading to disgruntled employees and decreased engagement. Today’s HR teams are using more robust analytics tools that collect data in real time from employee performance, recognition and regular surveys to get a clearer picture of organizational health.
- Real-time analytics drive smarter decision-making.
A sufficient quantity of relevant workplace data is critical for intelligent decision-making. When HR teams are equipped with real-time analytics, they have access to the information it takes to evaluate the current state of the workforce and identify systemic problems that, once resolved, result in happier and better performing employees.
- HR analytics provide visibility to coaching and feedback.
Coaching conversations and peer-to-peer feedback sessions generate valuable information about performance, engagement and other workforce variables. With HR analytics tools, team members can monitor the quality and quantity of these conversations, and quickly access information about individuals or groups of employees.
- Accurate analytics improve employee engagement.
Successful businesses have highly engaged workforces. Analytics contribute to a more engaged company culture by providing real-time data about the engagement levels of segmented groups of employees. The best HR analytics tools enable HR teams to monitor engagement by team, location, business unit, etc. – shedding light on groups of employees that require immediate attention.
- HR analytics tools create opportunities for more meaningful recognition.
Recognition and rewards matter to your workforce. When employees are recognized for a job well done, they feel more committed to the organization and are invested in improving their work performance. By connecting recognition to engagement levels and other variables, advanced HR analytics tools help identify the types of recognition and rewards that resonate most with your people. You’ll also get insights into the types of recognitions given and employees who are recognized more consistently than others.
- Analytics create happier employees.
From a leadership perspective, the most important advantage of a robust HR analytics tool is that it provides actionable insights that can help drive management and business decisions. Insights captured from analytics data guide HR activities and provide real-time snapshots of the mood of the workforce. From there, actions can be taken to improve employee happiness.
With the right platform, the benefits of HR analytics can extend across the organization. In some cases, it’s possible to aggregate data with external data sources or integrate analytics into other HR solutions – such as ADP, Workday or SAP.
Upgrade Your Organization’s HR Analytics Tools With HighGround
At HighGround, we help HR teams convert HR analytics into improvements that boost engagement and create a more satisfied workforce. Our cloud-based, performance management and employee engagement platform features an interactive, real-time dashboard that provides anytime, anywhere access to the data you need to make smarter decisions for your employees.
For more information, contact us today and let’s start a conversation about how HighGround’s HR analytics tool can benefit your employees and your company’s bottom line.