Course Overview

Analyzing HR data to gain insights on workforce, policies and practices can ultimately inform more evidence-based decision making. HR analytics measures the successes and failures of how well the company is performing when it comes to its employees. Getting insight from HR data will enhance effective management of employees for improved productivity.

Course Objectives

This training program is geared towards building the capacity of Modern-day HR Professionals who make use of data in the management of the workforce and better decision making.

By the end of this training course, the participants will be able to:

·        Understand the importance of HR Analytics

·        Learn the metrics measured by HR analytics

·        Learn how and effectively use the data to analyze trends

·        Set a benchmark and attract competent talent from the job market

·        Control and improve retention by placing the right policies in place

·        Provide better employee development plans leading to higher engagement & productivity

·        Develop effective workforce planning for cost and effort reduction

·        Implement effective employee engagement programs thereby reducing attrition

·        Make strong and appropriate decisions

·        Learn to anticipate the change in business need and environment

·        Optimize employee performance by leveraging on analysis and facts arrived at

·        Compensate the employees better leading to employee satisfaction and increased morale

·        Use tools and technologies to stay ahead of competition

Training Methodology

This training is an interactive session as participants from all cultures participate in this training program and share their distinct office experiences and challenges. However, customized modules can be prepared for organization specific learning requirements and needs.

 Benefits

Benefit to Organization

Organizational Benefits of employees who participate in HR Analytics program will be as below:

·        Make better and efficient decisions based on the data and not intuition or perception

·        Understand the employee behavior, satisfaction, and attrition pattern in specific organization

·        Formalize strategies to address issues of concern

·        Learn to attract and retain quality staff

·        Save organizational cost and expenses by analyzing data with efficient tools

·        By learning the skill gaps in employees, train and help improvise to achieve the organizational goal

·        HR managers would be able to make better and prompt decisions

·        The organization would have effective business cases for HR Interventions

·        Develop and maintain the culture desired by the organization

·        Every department would have competent employees with their goals aligned to the goals of the organization

·        Employees would be able to adapt to new technologies and be updated about the market changes

·        Encourage employees by building development programs that help to reach their true potential

·        Incorporate innovative and progressive ideas leading to an increase in business and attract bigger and better clients

Personal Benefits

Participants who enroll in this HR Analytics Program will also benefit in the following ways:

·        Learn the data and tools used and needed by HR analytics

·        Able to collect data and effectively analyze it to improve the working conditions

·        Able to make better decisions while hiring using the data from last hiring sessions

·        Be able to allocate manpower efficiently according to the skills set of an individual

·        Learn to plan and create strategies to reduce the cost or expenses by building effective remuneration plans

·        Participants would be able to polish in-house talent

·        Learn to monitor the training and provide coaching as and when needed

·        Would be able to retain employees and promote rapid productivity

·        Bridge communication gap, boost employee morale leading to career advancement

·        Participants would be able to assess the data and efficiently retain the best talent in the market

·        Adopt to the ever -changing environment around people engagement and development

 Who Should Attend?

Leaders and Managers, HR personnel, Line Managers, HR experts, Recruiters, Hiring Managers, Independent consultants, corporate professionals hiring people, Analysts with a logical bent of mind looking to move to HR space, policymakers in the business

Course Outline

Module 1: Introduction to HR Analytics

Understanding HR Analytics, Difference between HR analytics, workforce analytics and people analytics

Importance/ Benefits of HR Analytics

Module 2: Metrics Measured by HR Analytics

Employee basis revenue generation, Cost required to train an employee, Training efficiency,

Employee experience and turnover rate, Hiring requirement, Adherence and absenteeism

Module 3: Data Required by HR Analytics Tools, Merging and Cleaning the Data

Internal Data: Employee tenure, Employee compensation, Training requirement, Performance appraisal

Competent and high performing employees, Disciplinary action taken on any employee

External Data: Revenue Per employee or cost of hire, Employee background check

Employee behavior pattern in past or outside the workplace

Module 4: HR Analytics Process

Understanding organizational goal, Identifying the metrics alignment with organizational goals

Collecting and analyzing the data, Chunking data to assess impact on the organization

Revisiting policies and procedure to make amends

Module 5: HR Analytics Cycle

Building and sensitizing the teams, create an analytical culture by coaching and monitoring the progress

Implementing HR Analytics on small projects, Finalize HR analytics solutions

Electronic Workforce Surveillance & Analytics

Module 6: Data Security and Protection

Handling employee data and privacy

Module 7: HR Analytics Dashboard Development and Reporting

Dashboarding with Power BI

Data Analysis with HR data

Designing meaningful HR metrics and KPIs

Communicating HR insights effectively through data visualization

Advanced Reporting and Data Models

Module 8: Challenges for HR Analytics

Collected data needs to be properly defined and characterized

Gathering quality and right amount of data

No or lack of inclination towards usage of HR Analytical tools

Insufficient software and tools lead to insufficient and incomplete outcome

Module 8: Addressing the challenges of HR Analytics

Learn from organizations and leaders who are successfully leveraging on HR Analytics

Proactively anticipate what challenges you might face and identify solutions

Revisit policies and reinvent the wheel for organizational success