Introduction
To stay ahead of the competition, many businesses in the twenty-first century have embraced new technologies including business intelligence, big data analytics, and embedded analytics.
The HR departments of many businesses struggle to effectively manage their workforces and use their resources for the recruitment process. For these issues, embedded analytics is a fantastic solution for HR departments. Resourcing 360 is going to walk you through how embedded analytics can be used to tackle problems in a fictitious HR department.
What Is Embedded Analytics?
In order to facilitate data sharing and collaboration over data, embedded analytics is an analytics platform that is integrated into your company’s software application. These insights are produced using data that your data management team has already collected, created, and recruitment processed. Analytics is used to power an in-app solution that displays reports and generates insights for your stakeholders on its own based on that data.
The embedded analytics method is simple to add to your current application or solution and enables the user to fully comprehend how your organization operates. You will be able to make wise decisions, create data-driven solutions, and so reach the market more quickly based on those automated insights. With better design and user interface options, this contemporary intelligence platform for a company can expand your capabilities and user experience.
How Embedded Analytics Contributes To The HR Department?
A company’s employees are essential to its success. Your HR department may operate more freely without relying on outside consultants to interpret their data with embedded analytics. Work directly with your workforce data, incorporate dashboards or other analytics-related modules into your application, and break down departmental silos more quickly.
We’ll go into more detail about these advantages of embedded analytics in an HR department:
- Increase hiring practices.
- Improved data visualization.
- Improved employee performance monitoring.
- Increased employee satisfaction and reduced churn rates.
Increase Hiring Practices
To achieve their business goals, companies must select the right candidates, yet HR managers find the hiring process to be challenging. You gain a lot of knowledge from each hiring cycle. You can receive quality results from Resourcing 360 and make better decisions in subsequent recruitment processes.
1- Department-Specific Open Positions
Lists the posts by the department that need to be filled.
2- Applications Received By The Department
Comparison examines the volume of applications by the department.
3- Offer Acceptance Ratio
Shows a comparison between the number of applicants who accepted your employment offers.
4- Applications Received By Source
This indicates the method used to obtain the most applications.
You may monitor these important indicators and assess how effectively your recruitment and selection process is using the HR Recruitment Dashboard. By keeping an eye on these data, you can enhance your recruitment and selection process, find qualified candidates for open positions, and assess the effectiveness of your HR team.
Improved Data Visualization
With embedded analytics, you can access dashboards directly from within applications and use attractive widgets to give your data life. By examining past trends and patterns, one might anticipate the outcomes of ongoing activities. Present these forecasts to influential decision-makers. You benefit from being current with this.
Improved Employee Performance Monitoring
With embedded analytics, you can quickly collect data from your systems and save time by performing the analysis within your application. By monitoring employee performance. You recognize their efforts and track down the underlying reasons for any performance issues.
1- Gender Variety Ratio
Demonstrates the equitable representation of workers of different genders.
2- Average Employee Assignment
Displays the length of time that workers have worked for the company on average.
3- Absenteeism Per Month
Displays the monthly absence rate as a percentage.
4- Employee Count By Rating
Displays the number of employees according to rating.
5- Employee Count By Salary Range
Reveals the number of employees based on their salaries.
The Workforce Performance dashboard lets you track these key metrics.
Employers can create a better working environment, possibly by allowing more flexible work schedules, by monitoring these metrics, which will increase productivity, enhance employee effectiveness, and save business costs.
Increase Employee Satisfaction And Reduce Churn Rates
For businesses to continue to be successful and competitive, it’s crucial to monitor employee satisfaction levels and attrition rates. For any HR organization, selecting the best candidates and keeping them on board is a time-consuming guessing game. You may track metrics that facilitate these decisions by integrating an HR analytics dashboard into your application.
Determine what aspects of your business. A better work environment, or support for work-life balance, would make it more appealing to the candidates you want. And keep it that way for your best employees. Businesses can boost employee satisfaction levels and lower attrition rates.
Conclusion
You’ll be able to save time and avoid doing the same thing twice. We trust that you now have a clearer idea of how embedded analytics will help your HR department. Please feel free to ask any questions you may have about this information. Additionally, you can get in touch with us by sending your inquiries via Resourcing 360, or if you already have an account, you can log in to do so.
