HrTech Cube News’ Post

CFOs and HR leaders need more than just data – they need actionable insights that drive strategic decision-making and optimize workforce management. But guess what? Siloed HR data systems have been holding us back for too long! 😫 Our latest article unpacks the challenges posed by fragmented HR systems and unveils the transformative power of breaking down data silos. 💪 From enhancing decision-making with AI-driven analytics to optimizing talent management and forecasting, we've got you covered! 🦸♂️💥 Read the full article: https://bit.ly/3wFH56G #HRAnalytics #DataDrivenHR #Praisidio #WorkforceOptimization #CFOs #BusinessSuccess #GenAI

"Many organizations collect some version of people data, but the real challenge lies in transforming this data into actionable insights that drive business success," says Andrew Hibschman, MA Hibschman, our VP of Customer Success. Andrew helps unpack the transformative journey from mere data collection to strategic leverage in our latest blog. 🌟 In this must-read article, you'll explore: 🔍 The strategic impact of HR data analytics on company outcomes. 📑 10 types of people data that can significantly influence your organization. 🛠️ Solutions to common friction points in data collection and management. 🎯 Best practices for leveraging people data to achieve optimal results. Organizations using HR analytics are twice as likely to enhance their recruiting efforts and leadership pipelines, and 3.5 times more likely to place the right people in the right roles, according to industry insights from Korn Ferry. 👉 "Understanding and leveraging people data fills the critical gap often left by hard skills alone," adds Hibschman. Don’t miss out on turning your HR department from a cost center to a value creation powerhouse. 🚀💡 Read the full article here and discover how you can make your people data work for you! #HRAnalytics #PeopleData #BusinessSuccess #SkillCycle #DataDrivenDecisions #HRTransformation #LeadershipDevelopment #EmployeeEngagement 📅 Ready for more insights? Schedule a demo with us today and see how our solutions can elevate your organization! https://lnkd.in/eEE6Tis5

Turns out CFOs absolutely need easy access to HR data too to help minimize time between budget appproval, sales hiring and ramp to productivity.

People analytics is the practice of collecting and transforming HR data to improve the way you do best. Here’s how to do it in four steps. https://lnkd.in/eQ8f3EU7

In the dynamic landscape of modern business, one truth reigns supreme: data is king. Nowhere is this more evident than in the realm of Human Resources, where the ability to harness data effectively can spell the difference between stagnation and success. Discover how HR professionals can move beyond conventional metrics to tailor insights that truly resonate with the unique needs of their organizations. #HRAnalytics #DataDrivenHR #BusinessInsights #HRStrategy 👀 Read the full article here:

A pre-built library of standard metrics (built by some software engineers) does not work for most organizations. #HR and #Talent leaders want to define their own #peopleanalytics metrics that correctly capture their organization’s unique internal processes. That’s the only way to tell the true story. We built Praisidio to do exactly that, easily and affordably.

Ever wonder how your company's greatest asset—its people—can drive incredible outcomes? We've got you covered! Check out 🔍 HR Data Analytics: Connect People Data to Company Outcomes, our handy guide to discovering: -The secret sauce: Connecting people data to real business results -Success stories: How companies are winning with HR analytics -Your action plan: Simple steps to make your data work harder for you Whether you're a people leader looking to supercharge your strategies or an HR pro ready to level up your analytics game, this guide will help you plan your next step. Let's chat! 💬 What's your biggest challenge with people data? #PeopleFirst #DataDriven #HRInnovation #SkillCycle https://lnkd.in/eEE6Tis5

58% of companies predict that investment in people analytics will increase in the next 18-24 months. Have you already started exploring a solution for your organization? In today’s business world, #HR is expected to make calculated workforce decisions rooted in insights. For this, you need tr right people analytics solution. One that can help your team garner insights and answer workforce questions with confidence. Learn how to choose the right #PeopleAnalytics solution for your team today on the blog: https://lnkd.in/dQUqauG3 #HRMetrics #Crunchr

Implementing a successful people analytics strategy requires a strategic approach and careful planning. In this post, we will outline the key steps that organizations should follow to establish an effective people analytics function. From setting clear objectives and collecting relevant data to building analytics capabilities and ensuring data privacy, we will provide practical guidance to help organizations leverage the full potential of people analytics. 🎯 Setting Clear Objectives: ➡ Align with Organizational Goals: HR professionals should ensure that the objectives of their people analytics strategy are closely aligned with the broader organizational goals. Whether it's improving employee retention, enhancing workforce diversity, or boosting employee productivity, clear alignment ensures that analytics efforts contribute directly to the organization's success. ➡ Prioritize Key Metrics: Identify the key performance indicators (KPIs) and metrics that will be used to measure progress towards the objectives. This might include metrics such as turnover rate, employee engagement scores, diversity ratios, or performance ratings. 📊Collecting Relevant Data: ➡ Identify Data Sources: HR professionals should identify and leverage the various sources of data available within the organization. This may include HRIS (Human Resources Information Systems), performance management systems, employee surveys, recruitment data, and external sources like market benchmarks or industry reports. ➡ Ensure Data Quality: It's crucial to ensure that the data collected is accurate, reliable, and up-to-date. Implement data validation processes to identify and rectify any inconsistencies or errors in the data. 📈 Building Analytics Capabilities: ➡ Invest in Technology: HR professionals should invest in the right tools and technologies to support their analytics initiatives. This might include HR analytics software, data visualization tools, or machine learning algorithms for predictive analytics. ➡ Develop Analytical Skills: Build the analytical capabilities of HR teams through training and development programs. This includes developing skills in data analysis, statistical modeling, and interpretation of results. ➡ Foster a Data-Driven Culture: Encourage a culture of data-driven decision-making within the HR function and across the organization. This involves promoting the use of data and analytics to inform HR policies, practices, and strategic decision-making processes. Stay tuned for expert tips and best practices for implementing a robust people analytics strategy in your organization. #PeopleAnalytics #HRStrategy #DataAnalytics Are you ready to unlock the full potential of your HR function through people analytics? Take the first step towards transforming your organization's HR strategy by partnering with us.

Very interesting article on how to build a world-class people analytics function by our Johanna!