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Analytics are used in HR to reveal insights from data about the workforce that help define workforce experiences, plan HR strategy and support company goals. The discipline of analytics in HR is sometimes called People Science. It means applying data-driven approaches to improve workforce visibility—and how you both manage and engage your workforce. It’s about understanding people and their behavior in your company, and generating more actionable insights to help you make better business decisions about your workforce.
In the digital era, using HR and People technology and tools along with company performance data, organizations can collect and collate a huge amount of data relating to their people. The challenge is processing and creating meaningful, actionable insights from that data. HR and People teams are now embracing sophisticated analytics approaches to help them understand and engage with employees, just as marketing teams have been doing for years to shape customer experiences.
People Science and HR analytics are proven to support organizational performance. A Deloitte survey showed that organizations with highly evolved People Science practices typically delivered a substantially higher profit than organizations at the beginning of their HR analytics journey.
Here’s how HR and People teams use analytics effectively:
Some examples of basic HR metrics are:
Accurate HR data is vital to an organization’s success. Find out how Sage People’s HR and People analytics software can help you make the right business decisions by providing a wealth of invaluable information and insights.Back to top