How Analytics Enables Strategic HR
HR analytics has become a core function of HR departments. HR leaders and managers have become increasingly interested in using data to diagnose organizational problems, understand key drivers of performance, and track the progress and return of HR initiatives. The availability of data and technology has made it possible for HR to develop a deeper understanding of workforce and to lead organizations in adopting the discipline of linking talent with business strategy and execution. In this session, Oracle customers describe how they use Oracle Human Resources Analytics to spot human capital trends and issues and to drive better insights into the HR function, employee retention, and leadership development.
Some of the Top HR resolutions which are impacting HR managers are-
- To have relevant metrics at my fingertips
- Articulate the business value of the metrics
- Benchmark : What a good number or score should be
- Improve HR Process Performance and Service Delivery
- Improve HR Legal Compliance
All these needs are driven by core HR data elements that are used to derive Metrics. Good KPI and metrics reporting is a key success factor for any HR organization.
Apart from focusing on pure HR metrics, there is a need to consider HR analytics being put to use for organizational needs like Finance, Sales, CRM, and SCM. Building HR as a business partner for these functions and providing them combined HR metrics is seen as a strategic need for the organization. e.g. Sales Manager relating the commissions data with the HR attrition rates, performance data for the Sales rep.
Infosys has worked on developing solutions using Oracle HR Analytics to tie these HR elements and cross functional elements of the organization together and helped clients in achieving the organizational objectives.
Infosys adopts accelerators, best practices and experience in designing the HR analytics BI solutions for clients and thereby helping them achieve the ROI and benefits
Please join us in a session @ Oracle Open world "How Analytics Enables Strategic HR' on Oct. 1st Wed. 12:15-1PM PST at Palace Hotel Grand Ballroom, where we will discuss the details of Oracle HR analytics implementation, use of HR analytics across the organization functions, implementation details and benefits.
This session will be useful for HR practitioners/BI Practitioners who are interested in HR analytics enablement for the organization. This will help them understand the use cases, implementation aspects and best practices, learnings from the Oracle HR analytics implementation.
This blog is posted on behalf of Vishwajit Bendre, Principal Consultant, Retail, CPG & Logistics, Infosys.