Drive Business Success with HR Analytics - American Society of Employers - ASE Partner McLean & Company

Drive Business Success with HR Analytics

It’s easier than you think to get started in meaningful use of HR analytics, and even the smallest HR team can take advantage of an analytics approach. Most HR departments have metrics in place, but few are considering strategic goals and developing a true analytics capability. This is particularly problematic in an era where analytics and “big data” are so commonly discussed and sought out. Communication revolving around metrics often relays isolated numbers and trends, but seldom provides the insight that will help the business with interpretation or planning.

A stereotype exists, in both the business and within HR, that HR is not analytical and as such does not have the capabilities required to interpret metrics information. To effectively implement HR analytics, cooperation must exist between HR and the business when creating insights to ensure that recommendations are based on a holistic understanding. HR metrics are really business metrics that are designed to measure HR solutions to business problems. Therefore, HR must begin to measure strategic metrics that are aligned with organizational objectives.

An equally important factor, often being the difference between a successful HR analytics program and an unsuccessful one, is persuasive communication. To drive success, you must present a compelling business-oriented story that uses insights drawn from data analysis to provide actionable recommendations.

This Blueprint will help you move to HR Analytics in four steps:

Step 1: Establish Project Rationale | Develop a business case for strategic HR metrics.                                                                                                                            

Step 2: Align & Select Metrics | Identify common business challenges and design HR goals and subsequent metrics which address these organizational issues.

Step 3: Harvest & Display Metric Data |Create tracking and metric presentation procedures to efficiently organize data.

Step 4: Analyze & Take Action |Develop insight producing analysis techniques and communicate conclusions.

Blueprint path: www.aseonline.org Dashboard > My Resources > McLean & Company > Research> HR Strategy > Metrics & Analytics > Drive Business Success with HR Analytics

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