PEOPLES ANALYTICS IS THE NEW CURRENCY OF HR
Introduction
The rise of communication devices, tools, apps and boom in the internet industry has led to the increase of exabyte data across the world. Today, in the era of Blockchain and IOT there has been a rise in generation of data from our daily lives. People’s analytics is used to manage people at work using a data-driven approach. Here, the decision of talent and hiring is made by a soft skill decision by using hard-data. This helps in the management of the talent hiring process of the company. Henceforth, People Analytics actually provides a win-win situation for both people and organizations to flourish.
Digital Human Resource Management
Pre-Boarding-Onboarding-Offboarding
As it is said First Impression is the last Impression. This is managed in the following steps of the lifecycle of the employees i.e. Pre-Boarding-Onboarding-Offboarding tools. This helps to provide your employees with a flying start and a smooth offboarding.
Rewards and Recognition
Today, there is a flood of talent and it is essential to make your employees feel appreciated and valued. Analytics provide this communication from company to employee by engaging them into the digital visualisation of their own rewards. The real time updates on bonus, compensation etc are communicated through automated alerts.
Employee Happiness Index
A relationship between employee engagement and employee benefits should be strengthened and improvised using periodic feedback and improved employee experience.
Conclusion
Most of the people work everything that is given to them instead of working proactively. By taking the right steps and asking appropriate questions, right things can be measured. The work is to reach the insight-driven truth and identify the effects of the measures taken. Leveraging this acquired data will help in handling issues like, performance evaluation, hiring, recruiting, promotion, design, leadership, collaboration and compensation. People’s analytics can help the HR professionals to rocket their careers and land on the high salaried packages. This is how People's Analytics is the New Currency of HR.