In a dynamic world, the role of HR is central in tapping the vast potential of human capital and interestingly, blending it with automation and digitization in unique ways. HR analytics is pivotal in identifying, measuring and articulating the objectives and outcomes of different programs.
This Workshop is intended to orient those that are not familiar with HR Analytics. The key to success in people analytics is to focus on and prioritize business questions of value to your company or organization. This Workshop will provide very practical pathways for those entering the field of HR and People Analytics. Specifically, it will show how to approach an analysis project, show how to properly select metrics, discuss how to design dashboards with the business problems in mind and provide important people analytics examples to get you started, introduce the concept of a linkage map to connect business measurements.
The goal of human resources analytics is to provide an organization with insights for effectively managing employees so that business goals can be reached quickly and efficiently. It is known that those HR organizations that collect effectiveness data are more likely to be strategic partners. This program helps the HR Professionals in identifying those key aspects of their employee data which should be measured and analyzed in order to meet the organizations business goals.
MODULE 1- Basic understanding
Impact of HR in Business
HR Analytics origin and evolution
Connectivity to Business Analytics
Benefits of implementing HR Analytics
MODULE 2- Key Success Factors and Value Drivers
Linking HR to Business drivers
Values Drivers to Business
Key Success Factors
HR aspects of Scorecards (Balanced Scorecard and independent or linked HR Scorecard)
MODULE 3- Key Performance Indicators
Identification of the right metrics
Developing the cause and effect equations
Evolving the Metric Trees
KPI Tree for talent acquisition
KPI Trees for talent development
KPI Trees for performance management
Metric indicators for compensation
Module 4 Analysis Tools and Reports
Implementing Statistical Tools
Trend Analysis & Predictive analytics
Creating charts and graphs and HR Dashboards
The basic structure of the Workshop sessions is built around experiential learning; simulation, exercises, critique, and feedback. The learning points are driven home further by way of the participants feedback and their personal understanding, feeling and learning out of the exercises. The Facilitators observations and interpretations in the context of the global experiences and benchmarks further reinforce this.
HR professionals who want to ensure that measurement of HR
Managers of different levels using metrics to maximize the performance of their people
General Managers developing measures of HR effectiveness and impact in their respective functions performance