What if your company could gain a competitive advantage through customized insights? Current trends clearly show that companies need to explore new paths when it comes to reporting (https://bit.ly/3XufWyX). The traditional approach, where the same metrics are used for everything, is a thing of the past. It’s time to gain differentiated insights at both strategic and operational levels to make truly informed decisions and respond flexibly to changes. At the strategic level, it is essential for executives to gain insights that help them understand and achieve the company's long-term goals. Questions about human capital, as shown in our diagram, provide a valuable guide. Metrics such as cost per hire, time to hire, quality of hire, and employee net promoter score are crucial here. They enable the assessment and improvement of recruitment and retention efficiency. At the operational level, team leaders need precise insights to successfully manage their teams. Questions, as illustrated in the diagram, help ensure that daily operations align with strategic goals. Information about team size, full-time equivalents, turnover rate, gender ratios, and sick days help managers identify bottlenecks and optimize resource utilization. A shift in reporting, away from a rigid, one-size-fits-all model towards a differentiated approach at both strategic and operational levels, is now critical. By integrating insights at both levels, companies can make informed decisions and maintain their competitiveness. It's time for a new standard in reporting! Would you like to learn more? Message me on LinkedIn or schedule an online meeting with me directly: https://bit.ly/4bwhg8H #Microsoft #INKUBIT #HRMetrics #HRKPIs
Nick Lebakken’s Post
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How much time are you losing looking for the information you need? A Forrester survey found an average of 12 hours a week is lost by employees looking for what they need, leading to reduced #employeengagent poor #descisionmaking and increased errors. "#Knowledgeworkers reported spending nearly 29% of their week (11.6 hrs) searching for the key information they need to do their work. This struggle to find the right information is the No. 1 reason employees say they’re feeling disengaged." https://bit.ly/48pBgsf
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𝗔 𝗽𝗲𝗼𝗽𝗹𝗲 𝗮𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀 𝘂𝘀𝗲 𝗰𝗮𝘀𝗲 𝘄𝗵𝗶𝗰𝗵 𝗺𝗼𝘀𝘁 𝗽𝗲𝗼𝗽𝗹𝗲 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗹𝗼𝗼𝗸 𝗶𝗻𝘁𝗼 📈🕵️ You know, I used to live in London many years ago. It’s one of my favorite cities by far. 🇬🇧 Pair that with data-driven HR strategy and you got my personal dream combination. So, I’m really bummed that I am unable to speak at People Analytics World this week. But hey, circumstances happen and community is neither only one point in time nor just a face to face thing. So virtually here we go, let’s talk about an analytics use case which I think is highly relevant these days: organizational effectiveness. Most firms are trying to get to a healthier state which promises sustainable and profitable growth. Since people data = business data, people metrics play a huge role on this journey. And, in my opinion it’s easy to get started. What could 𝘩𝘦𝘢𝘭𝘵𝘩𝘺 look like for your firm? Start investigating some foundation metrics every people department has. _ Headcount development over time, if possible include projections based on existing insights (hires, leavers, moves) _Distribution of workforce along job levels, spans and layers or manager/employee ratio, DE&I stats _Now add a layer on top leveraging your company philosophies such as a talent strategy, location strategy, or your approach to compensation 𝘜𝘱𝘴𝘬𝘪𝘭𝘭 your people team on those metrics you’re looking at. What do they mean, why they are relevant and how are they are calculated. Explain the results, what does good or bad look like in comparison to benchmark or even just within your own company. Brainstorm potential actions and impact areas. Whatever you find in your data set, focus on the impact it has and therefore why it matters. This way, you make sure you create a real value case and act as strategic partner to your business. In which areas do you think people data matters most? Special thanks to Barry Swales #PAWorld #PeopleAnalytics
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In a world where we have an abundance of information, it's only natural that we focus on using data to understand and improve the experiences of our employees. This process is known as people analytics. At its core, people analytics means using data to help us make better decisions about managing and supporting our employees. One common way we do this is through performance reviews. We measure and quantify the achievements and performance of our employees and then use this information to decide on things like pay raises and promotions.🎖️ In some companies, the data we gather can also be incredibly valuable for enhancing our hiring processes. This means helping job applicants have a smoother experience and making our internal recruiting processes more effective and informed. Using Data, we can hire the right people for the position and not be swayed by Impression and bias. 🔍Now, let's think about productivity. What if we started measuring the number of keystrokes an employee makes, the number of meetings they attend, or the emails they send? Would this help us, as managers, make better decisions, or might it make employees feel like their every move is being watched and they're just a tiny part of a big machine? Balancing the benefits of using data to improve decision-making with the importance of respecting employees' feelings and sense of autonomy is crucial. It's about finding the right ways to use data to enhance our understanding and support of our employees, without making them feel like they're under a microscope. What is your experience with people analytics? #people_sensor #hrbp #peopleanalytics #micromanagement #makingadifference #employeeexperience #employeeengagement #hrtips
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HR Consultant | Fractional HR Director | HRBP | Managing Director of a HR Consultancy business. Working with leaders to create vibrant work places driving profits, and navigating employment law with ease.
📊 Data-Driven Decision Making 📊 In today's fast-paced business world, managers who harness data for decision-making gain a competitive edge. Here's how: Accuracy: Data provides precise insights, reducing guesswork and errors. Predictive Power: It helps anticipate trends, customer behaviour, and potential challenges. Efficiency: Data-driven decisions lead to efficient resource allocation. Accountability: Metrics hold teams accountable for results, fostering a culture of excellence. Continuous Improvement: Regularly analysing data enables you to fine-tune strategies for peak performance. Make data your ally in achieving and maintaining peak performance as a manager! 📈 Contact HR Download: “creating vibrant, profitable workplaces.” ✨ 📧 Email : advice@hrdownload.co.uk 📱 Call : 0161 249 6440 💻 Website : www.hrdownload.co.uk #hrdownload #creatingvibrantworkspaces #DataDrivenDecisionMaking #ManagementSkills
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"Regardless of the desire or direction to use data in the decision-making process, the decision might yield the same result if the data is no good. According to surveyors, the consequences of poor data are extensive, and many employees are blaming it for their shortfalls or pain points at work. Nearly a third (32%) of employees said they lack the information needed to do their job when they don’t have enough data. That not only inhibits productivity but also creates stress as tasks pile up. Fifteen percent of employees said bad data causes them to have constant notifications across multiple applications, and a nearly identical 13% said bad data increases their workloads." #data #productivity #finance https://lnkd.in/dkbE3qCH
72% of Employees Say Productivity is Dependent On Good Data
cfo.com
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Carly Fiorina, the former CEO of HP, once said: “The goal is to turn data into information, and information into insight.” Learn how workplace analytics can unlock the benefits of turning data into valuable information. : https://ow.ly/1vzp50PbhbF #WorkplaceAnalytics #DataDrivenDecisions #DataInsights #WorkforceAnalytics
Workforce Analytics: What it is & How to Use It?
https://www.prohance.net/blog
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Well-Being Ninja & Golfer -- Guiding innovative leaders to master the art and sciences of individual, team, and workplace well-being.
Productivity isn't the golden metric. Honestly -- there isn't ONE. If you're measuring success with a singular data point, you're missing all the complexities that make up your workforce. An excerpt from an article by Deloitte "...productivity metrics aren’t likely accounting for the increase in “invisible” work that many workers are experiencing as organizations shift to more open-ended work models, and where more work is performed beyond the formal scope of one’s job. 71% of survey respondents say they are performing work outside of their stated scope of job responsibility, invalidating the productivity metrics put in place. Instead, you need a combination of metrics that is unique to your organization, mission, and purpose. How are you measuring the success of the organization, and the well-being of the employees responsible for driving that success? #productivity #innovation #workplacewellbeing #success #benchmarking
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Data-driven decisions are reshaping work's future. Learn how #WorkforceAnalytics can drive your business forward: https://lnkd.in/d325mgBk #workplaceanalytics #datadrivenresult #hybridworkforcemanagement #realtimevisibility
Workforce Analytics: What it is & How to Use It?
https://www.prohance.net/blog
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DOPE SHEEO of Linked Results | I help businesses to maximize performance via evaluation by prioritizing the employee experience using research, analysis, and data science | Researcher | Author | Speaker | Jane of Trades
𝐈𝐟 𝐲𝐨𝐮 𝐜𝐚𝐧’𝐭 𝐦𝐞𝐚𝐬𝐮𝐫𝐞 𝐢𝐭, 𝐲𝐨𝐮 𝐜𝐚𝐧’𝐭 𝐢𝐦𝐩𝐫𝐨𝐯𝐞 𝐢𝐭. Data is the key to improvement. Understanding data and ensuring its validity are the keys to successful improvements. There is no understanding of data if there is 𝙉𝙊 trust within a company. Trust is the glue that ensures that all aspects of a company are operating effectively. Whether you are in DEI, HR, IT, other aspects of a company, or the C-suite space, trust will determine effectiveness. If employees do not trust the company, there will never be any indication that there are barriers or opportunities to enhance operations, invalidating the data collection process. The goal of leaders, executives, consultants, etc. should be to ensure there are healthy work relations that are built on trust. Only then will the current state of the organization be understood based on operations, employee experiences and needs, and outcomes. 𝙃𝙤𝙬 𝙩𝙧𝙪𝙨𝙩𝙬𝙤𝙧𝙩𝙝�� 𝙞𝙨 𝙮𝙤𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮'𝙨 𝙙𝙖𝙩𝙖? 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐲 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐫𝐞𝐭𝐫𝐞𝐚𝐭 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐭𝐫𝐮𝐬𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐭𝐨 𝐚𝐧 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐦𝐨𝐝𝐞𝐫𝐧 𝐰𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞, https://lnkd.in/dFWFYrr9 #trust #trustbuilding #data #hrstrategy #futureofwork #futureofhr #commnication #modernworkplace #datascience #continuousimprovement
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By leveraging the power of data and analytics, companies can empower their employees to make informed decisions, collaborate effectively, and drive business success. So, if you want to boost productivity and create a positive workplace culture, consider investing in BI tools for your organization. #BI #HCM #Analytics #Nirmalya
Effects of Business Intelligence and Data Analysis on Employee Productivity
nerp.in
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