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What is the Importance of HR Analytics?   


jauhar khan
@jauhar123 | Posted 08 Aug. 2019


Hello,

A surge of People Analytics- A Boom

Companies across the globe are experiencing digital change impacting all professional functions. The selection of a data-driven program combined with smart HCM software has enabled people analytics to grow wider.

We all know and have heard that companies today face a “war for talent” and obtaining this war needs new ways of getting and maintaining talent. The winners in this war will be mainly those who use data as a competitive edge to locate and attract the best talent.

Companies across the globe are experiencing digital transformation affecting all business functions. HR cannot escape it’s an alteration. Studies show that 98% of the data is being collected digitally today. As a result, all business functions have a chance to develop growth, creation, and productivity using HR analytics tool.

Companies across the globe are experiencing digital transformation affecting all business functions. HR cannot escape it’s an alteration. Studies show that 98% of the data is being collected digitally today. As a result, all business functions have a chance to develop growth, creation, and productivity using HR analytics tool.

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For example, Credit Suisse found that decreasing attrition by 1% events in savings varying from USD 75 million to 100 million per year(Recruiting Daily, April 2015). A technology corporation used people analytics to recognizes with high-risk characteristics and made coverage decisions to engage them with proven ROI.

Darwinbox People analytics is an evolving adventure with new applications coming up such as deriving insights from examining “social” sentiments of the employees, developing employee experience, personalized training and many more.


Features:

Recruitment

  • Plan Your Hiring Process
  • Position Mapping
  • Company Branded Careers Page
  • Source Candidates from Multiple Channels
  • Boost Referrals
  • Manage Candidates and Prospects
  • Streamline Scheduling
  • Score Candidates through Custom Evaluations
  • Reports & Analytics

APPLICANT TRACKING SYSTEM

End to end recruitment management starting from job requisition workflow, customizable hiring workflow to managing & tracking candidates and automated offer letter generation.

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Core HR

  • Centralized & Flexible Employee Database
  • Org Charts
  • Custom Employee Profiles
  • Attendance Management (Biometric Integration, Location-based attendance)
  • Leave/Time-off tracking
  • Roles and Permissions
  • Company calendar for tracking key events