Collecting data is essential for every HR department and institution.
HR departments are generating more data than ever before to measure many aspects of campus life. When it comes to faculty and staff, analytics solutions that track turnover rates, hours spent in professional development, and diversity and demographic data is essential.
HR data is wide-ranging, but what is the benefit of analytics without actionable insights? According to a study by International Journal of Engineering Sciences and Research Technology, “One of the major advantages with HR analytics is that it is an evidence based study, which helps the Institutions in bridging the rationality in their decision-making process by setting a mark in prioritizing the impact of HR investment for the business. HR analytics solutions can help in upgrading the standards of HR professionals working and leveraging the competitive advantages for the organization.”
By tracking and leveraging your data on campus, you can:
Improve Performance
If you understand your departments and their strengths and weaknesses, creating curriculum and employee engagement practices around these statistics can help employees feel more valued and become more productive. This can also allow departments to create long-term plans and data-driven decisions.
Predict the In-Demand Skills and Positions
When you are closely tracking who you are hiring and why, your team can more easily predict the next necessary roles and the time it might take to fill them. Such data will also provide a better understanding of what motivates employees to work productively.
Identify Attrition and its Causes
By understanding and analyzing employee data, departments can recognize a pattern of high performing employees while also identifying departments struggling to retain their employees. Attrition data can assist HR in determining activities and exercises that will boost employee engagement, or rethink a departmental structure that might be contributing to turnover, supporting managers in finding the solution to increase retention.
Identify Flaws in the Hiring Process
Tracking your hiring process, who you hire, and the reasons you hire them offers clarity on where things get stalled the most often, allowing you to pinpoint and sticking points to streamline and speed up the hiring process. With a more efficient hiring process, you can save time and money for your team and your institution.
Using Analytics Solutions for Actionable Insights
PeopleAdmin’s Unified Insights analytics dashboards provide leadership with diversity reports and comprehensive dashboards necessary for audits and compliance. These reports showcase actionable data like salary, gender, position, turnover, ethnicity, and departments. Effortlessly maintain a compliant, comprehensive, single source of truth for position descriptions, classifications, and organizational structure with Position Management and Applicant Tracking System (ATS) and the entire HigherEd Platform. As higher education’s leading solution ATS is complete with robust reporting and analytics capabilities, along with unrivaled support for sophisticated academic processes.
Want to learn how PeopleAdmin Unified Insights can help improve HR analytics reporting at your institution?
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