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People Analytics - Strategies for Effective People Management

Updated: Aug 7, 2023

People Analytics or HR Analytics is a process that uses data for analyzing business-related issues. The data used in this process comes from relevant employee-related data, which is stored through HR systems such as payroll, HR management systems, and leave management systems. Additionally, all of these systems, including the KPI management system, help provide deeper insights into work performance, HR policies, and their practical applications. All of this helps you gain a broader perspective and make informed decisions.

Today, People Analytics has become a strategic focus for many organizations. Here are six reasons why People Analytics benefits your organization:

1. Analyzing deep work-related data using existing employee data:

With Analytics systems built on data, technological advancements in recent decades have made accessing this data much easier. Cloud-based server systems allow for unlimited data storage compared to traditional file-based data storage systems. This automated system makes data retrieval easy whenever and in any situation required. This data is often used for reporting key metrics and work performance, such as employee turnover, new hires, and attendance.

2. Technological advancements expanding the capabilities of work-related data analysis:

Technological advancements have significantly expanded the capabilities of deep work-related data analysis. For example, analyzing trends and predicting data analysis outcomes are now possible.

3. Gathering data from various sources for practical deep data usage:

Technological advancements have also facilitated the creation of data networks that exchange information with various business operation systems. For example, HR management software (HRMs) often integrates with accounting or time management systems. This data network has become a central hub for collecting and storing employee data. With easy access to this centralized database, users can extract deep data and understand potential work patterns. These functions are beneficial for HR work that HR software couldn't achieve before.

4. Preparing employees for the future through predictive insights from People Analytics:

When people analytics reveals deep insights and trends from historical data, it paves the way for predicting future trends. With a massive amount of employee data, organizations can make reasonable assumptions about their workforce, such as productivity levels, new hires, or resignation rates. These workforce predictions give organizations time to prepare by developing career opportunities or creating targeted solutions for specific departments or professions.

5. Simplifying work processes with data and analytics benefits:

One of the advantages of People Analytics is measuring work efficiency. If the results don't meet the set goals, organizations can promptly address the issues. These insights can reveal personal shortcomings or inefficient work processes caused by individual factors or system inefficiencies. Understanding these issues helps companies improve and enhance team performance and work effectiveness.

6. Creating an agile work environment and assigning roles to every employee:

Nowadays, many organizations face employee shortages. Therefore, it is crucial for companies to focus on creating a work environment where every employee has a role to play. This approach not only develops capabilities but also provides opportunities for diverse career paths. This strategy helps rekindle motivation for employees who may be losing enthusiasm and considering new employment opportunities.

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