Business intelligence tools could help deal with the sheer volume of data processed by the HR department of your company. BI can be used in conjunction with your human resource management data to present clear, actionable information that will help you make better decisions for your company. This information could include profiles, benefits, appraisals, and more. Take the current employee data from your HR sector and turn it into information that can boost your sales, lower costs, and increase productivity. This article will discuss how to improve your HR department with Business Intelligence.
You Can Analyze the Success of Your Employees
This is probably one of the best parts of implementing BI into your HR department. The tools available in a good BI suite will analyze your employee data and performance reviews, then correlate their performance to the overall financial performance of your company. This allows you to look at how the behavior of employees in certain departments could be impacting your productivity. You can make more informed decisions on how to change these, for the better. All the areas that need improvement can be easily identified, especially with BI tools that compare performance with accepted standards within your industry.
Check in on Holidays and Sick Leave
This is useful because some employees tend to abuse the holiday system you have in place. You can use the Business Intelligence tools in your HR department to identify common leave-takers, when they take leave, and why. You can also look into sick days, and identify employees who are taking them in unnatural numbers. All the trends in leaves of absence, sick days, and other holidays can be presented to you clearly and within target demographics. This helps you better understand how to strategize and keep productivity maximized in advance of holidays and sick leave.
Understanding Compensation and Your Employees
The Human Resources Management team in your business is responsible for compensating your employees when they perform well, or when they file for overtime work. With BI, you can look at how compensation impacts the work output of your employees. You can use this data to ensure that compensation rates are fair company-wide and that you reward your employees fairly for the hard work they do that is deserving of compensation. Using the information you gain from a business intelligence suite, you gain a better understanding of your compensation system and how to use it to boost performance within your business.
You Can Optimize the Workforce
One of the key benefits of implementing BI in the human resource management sector of your company is that it allows you to analyze every worker in your company based on their performance. Workers in departments who aren’t performing well enough can be moved down to a different level where they might be better performers. Those who are overperforming can be promoted or shifted up to maximize how effective they are.
What Tools Does Your HR Team Get?
Back in the day, Business Intelligence in HR was a skill only available to highly trained people in the management team. Today, HR Business Intelligence applications are user-friendly with graphical interfaces. You get a self-service system that analyzes and delivers information automatically to your managers and you. Most Business Intelligence software comes with customizable dashboards that allow you to personalize what you want to see.
We are still in the early days of implementation. Most businesses haven’t upgraded their HR departments yet. Don’t be a part of the majority. Advance your HR department into the Digital Age by implementing efficient and powerful BI tools into your daily operations. The boosts to productivity you gain from successful BI usage can give you the edge you need to beat your competition and rise to the top of your field.