HR Analytics Webinar Slides (1)

1. WEBINARDATA DRIVEN HR Measuring the ROI of our people

2. Kelly Tucker Managing Director of HR star HR Expert with 20+ years of experience https://www.lanteria.com

3. About Lanteria 17+ years in HRMS development 40+ countries, where our solutions are used 250+ middle to large clients 200 000+ employees currently using the system https://www.lanteria.com

4. HR Analytics With the capabilities of HR analytics, organisations can gain valuable insights into their workforce performance to optimize and elevate people success. Unlocking this powerful resource helps employers make data-driven decisions that maximise employee potential while improving overall organizational output. . https://www.lanteria.com

5. Intelligent HR is data-driven HR Data-driven HR is a rapidly growing trend, as organizations recognize its potential to maximize the efficiency of their workforce. By leveraging analytics and insights into employees' behaviour, HR teams can measure metrics that are both unique and valuable - providing critical business intelligence with far-reaching implications for an organization's performance. Using data in people management not only allows companies to make better decisions related to human resources but also strengthens decision making on people matters at all levels of leadership https://www.lanteria.com

6. Why do we need data? • Discover patterns in team performance • Anticipate needs for resource investments • Understand how employee turnover, hiring timescales and learning & development effectiveness impact your organization . https://www.lanteria.com

7. Metric to measure • Staff Turnover • Absenteeism • Time to hire • Cost to hire • Engagement rating . https://www.lanteria.com

8. Reducing the time to hire means you can get the best people for the job. • Improving employee turnover means you keep your most valuable resources. • Prevention of absenteeism saves money and keeps productivity high. • Understanding employee needs leads to a more productive and satisfied workforce. How to apply the analysis gained from HR analytics to decision-making https://www.lanteria.com

9. Pros • Make better, data-driven decisions • Reduce reliance on intuition or guesswork • Understand retention rates and improve employee engagement • Recruit and hire the best talent for your organization • Forecast trends in HR data Cons • HR departments can lack the statistical and analytical skillset to work with large datasets, which can hinder their ability to make good decisions for the company. • Different management and reporting systems within the organization can make it difficult to aggregate and compare data, making it difficult to get a clear picture of what is happening in different areas of the company. • Access to quality data can be an issue for some organizations who do not have up-to-date systems or do not have access to all relevant data. https://www.lanteria.com

10. How to measure ROI of our people Improved work quality - such as increased sales and productivity figures or decreased customer complaints/turnover rates – and increases in profitability through higher gross margins or revenues. Surveying employees on a regular basis to assess satisfaction scores further reinforces the effectiveness of any initiatives you may be implementing within your organization. https://www.lanteria.com

11. By leveraging data, HR teams are quickly transforming into a powerhouse of insights. People remain the cornerstone for success; however, with access to ever-growing analytics, HR's relevance and value is magnifying at an exponential rate. Intelligent and data-driven HR is the way of the future, with its goal to consistently maximize performance throughout an organization. By leveraging emerging technology such as machine learning and artificial intelligence alongside traditional analytics tools, people management can become more efficient in adding considerable value for any business's success. https://www.lanteria.com

12. HR Analytics offers innovative problem-solving tools for organizations, empowering them to make informed and accurate decisions. • By gathering relevant data as a starting point, stakeholders can measure it against existing historical information or benchmarks in order to decipher meaningful trends and patterns. • The analysis of this collected knowledge will inform better organizational decision making with lasting effects on performance outcomes. How does HR Analytics work? https://www.lanteria.com

13. Turnover High employee turnover can be a costly problem for companies, HR analytics can provide the guidance needed to prevent it from becoming an on-going issue. Through data collection and analysis of past turnovers as well as current employee behaviour such as performance and engagement levels, organisations are empowered with better insight into how likely employees may quit in the future. This understanding helps build predictive models that alert employers early when they need intervention - ultimately minimizing any associated losses or disruptions caused by high staff departure rates. https://www.lanteria.com

14. Recruitment Organizations are seeking candidates that not only have the right skills, but also the right attributes that match with the organization’s culture and performance needs. Sifting through hundreds or thousands of resumes and basing a recruitment decision on basic information is limiting, more so when potential candidates can be overlooked. HR Analytics can, enable fast, automated collection of candidate data from multiple sources, gain deep insight into candidates by considering extensive variables, like developmental opportunities and cultural fit. Identify candidates with attributes that are comparable to the top-performing employees in the organization, provide metrics on how long it takes to hire for specific roles within the organization, enabling departments to be more prepared and informed when the need to hire arises. Provide historical data pertaining to periods of over-hiring and under-hiring, enabling organizations to develop better long-term hiring plans. https://www.lanteria.com

15. How Can Lanteria Help? Get analytical insights for better management decisions through customizable reports, charts, and BI dashboards, creating full business transparency with HR document management. https://www.lanteria.com

16. Simple tracking of the company structure, headcount turnover, equality & diversity • Employees' availability: who was, is or will be on leave • Quick analysis of the candidate pipeline & stages • Setting competencies and goals for the employees • Building your online library or learning materials How Can Lanteria Help? https://www.lanteria.com

17. THANK YOU https://www.lanteria.com