When it comes to managing the Human Resource of the company, HR leaders have a distinct outlook with an aligned goal of making insightful decisions that lead to an acceleration in the productivity of employees as well as an enhanced ecosystem to work in. Today, with increased technological developments, having access to deep and meaningful data has become easier.
As for the HR leaders, they are now shifting their focus to HR Analytics to feed smarter data into sophisticated data models and tools in order to cleanse data, analyze it, compare it against said benchmarks, evaluate KPIs, and work on execution of the developed plans.
Choosing an HR Analytics platform is one of the most critical decisions you will make as an HR professional. So, what are the aspects that should be considered before making that choice?
1. Reduced time to review talent
When working on sourcing and reviewing prospective candidates can be extremely time consuming and excruciating.
Oracle CEO, Safra Catz comments about the firm’s HR analytics solution and explains how With HCM Cloud, the firm witnessed employee satisfaction levels soar with all-time high rates for things like hiring and on-boarding new employees. The solution also made it easier for its managers and employees, as HCM could reduce the time needed to complete the talent review process by more than 70%. And they were also saving more than 20,000 hours of manager time each year with their accelerated job offer process.
The HR Analytics platform is meant to race up your reviewing processes when it comes to talent acquisition and recruitment.