Win with Advanced Business Analytics: Creating Business Value from Your Data

ELEVATE HR WITH ANALYTICS

We have reached a point in the development of computer technology and predictive analytics where HR can truly influence the highest levels of the organization using analytics. The first step of using analytics HR effectively with senior executives is to ask yourself the following questions:

• What do you need to know about future human capital investments and how they will affect your organization? This process reveals what you must know and how to get it.
• Why do you want to know it? With this information (actually intelligence), you can plan and manage talent in a way that leads to greater efficiency and profitability.
• How much value could you create with this intelligence? The value will be many times the expense, in terms of cost reduction, customer delight, and revenue generation.
• If we showed you how to produce these leading indicator reports, would you know how to use them in discussions with the C-level? Not sure? We’ll teach you how to sell it.

After you clearly articulate answers to the previous questions, the result will include a list of relevant metrics that HR needs to show the impact of people to the bottom line. Those metrics may include

• Workforce productivity
• Revenue per FTE
• Cost per FTE
• Profit (EBITDA) per FTE
• Total cost of workforce
• Compensation and benefits
• HR service costs
• Talent management impact
• Recruiting quality and cost differentials
• Mobility—Internal and external impact
• Leadership and management: costs and impact
• Training effectiveness—performance ...