What is HR analytics? An Introduction
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Transcript of What is HR analytics? An Introduction
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AN INTRODUCTION TO HR ANALYTICS
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Analytics in HR
Data Analyst & Founder AnalyticsinHR.com
Blogs – (e)Book – Consultancy – CoursesWe analyze people data and help companies develop their own in-house HR
analytics function
Erik van Vulpen
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WHAT IS HR ANALYTICS?HR Analytics is about Identifying and
Quantifyingthe Human Drivers of Business outcomesMaking better decisions using HR data
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QUESTIONS HR ANALYTICS CAN ANSWERRecruitment: Which candidate will
performer best?
Turnover: Who is at risk of leaving?
Performance management: What are the three most important drivers of sales performance?
SWP: Which departments are over/understaffed?
L&D: Should I opt for training A or training B?
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Recruitment
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Absence Turnover Incidents Defects Productivity Profit
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
-37%
-65%
-48%-41%
21% 22%
IMPACT OF ENGAGEMENT
Gallup, 2012
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BEST BUYY1: 0,1%. -> Y2: $100
000 in sales PER
SHOPHBR, 2010
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Every analytics journey starts with a relevant business question or problem.
question datacleaning
dataselection
dataanalysis
actionableinsights
#startsmall
ASK THE RIGHT QUESTION
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WHAT NOT TO DO…•Don’t be too ambitious•Don’t focus too much on data•Don’t focus too much on data governance•Don’t focus too much on predictive analytics
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HOW TO GET STARTED•Knowledge•Talk to the business•Work with data experts•Loop in compliance/legal•Start small
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These slides are part of a webinar which can watch here.