Talent Analytics – Important Aspect of Workforce and People Management
The good news is that you do not need to hire teams of people including analysts, statisticians, psychologists, visualisation programmers and HR professionals to have a range of analytics available to you.
But did you know that we can help you integrate Talent Analytics into the way that you do business?
Used for quite some time in many areas, analytics is becoming important in people and workforce management. Google, a forerunner in many areas of people management, uses analytics to gain insights into the impact of interviews and sources of hire. Facebook uses analytics to analyse factors that correlate with high performer retention. SAB uses analytics to evaluate its training.
Let’s have a look at a definition of Analytics.
Analytics is the discovery and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance. Analytics often favour data visualization to communicate insight. (Wikipedia)
If we apply analytics to an workforce, then we can think of Talent Analytics as:
Talent Analytics a broad term for an evidence-based, data-driven approach to obtain insights and make smarter decisions by analysing HR/Talent related data to understand the impact of current strategies and approaches, in order to make better decisions and adjust current systems and processes for better business outcomes.Author name or citation
How can you use Analytics in your Organisation?
The first piece of good news is that you do not need to hire teams of people including analysts, statisticians, psychologists, visualisation programmers and HR professionals to have a range of analytics available to you. All organisations, even smaller businesses, can benefit from Talent Analytics in a very cost effective way. For example:
- Analytics will help you understand and predict retention.
- It can help you boost employee engagement.
- Analytics can improve the quality of your hires, and to reduce the cost of hiring.
- It can identify the key characteristics essential to each position in your organisation.
- It can assist with internal promotion and career paths of your employees.
- Analytics can help you understand culture shifts over time, or due to changes in the business.
How we can help
The good news is that Indra Consulting is a Solutions Partner with Harrison Assessments, and can provide you with, and train you in, an easy to use system that will provide these analytics and much more Talent Management functionality. The Harrison Assessment results in a rich set of accurate and reliable Talent Analytics that focus on crucial success and engagement factors for any given job. These Analytics support and accelerate decisions throughout the entire talent management lifecycle—from recruiting and hiring, to performance management, to learning and development, to leadership development and succession planning, to team building.
Take care, balance life and love your work.