By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Data Analysis Can Transform HR Department Processes
Share
Notification Show More
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Best Practices > Data Analysis Can Transform HR Department Processes
AnalyticsBest PracticesBig DataBusiness IntelligenceData ManagementInside CompaniesWorkforce Analytics

Data Analysis Can Transform HR Department Processes

Roman Vladimirov
Last updated: 2013/04/10 at 3:08 PM
Roman Vladimirov
3 Min Read
data analysis for HR
SHARE

data analysis for HRThe benefits of data analysis have become well-documented – enormous cost savings for businesses, a higher likelihood of achieving a return on investment and projecting consumer trends, just to name a few.

data analysis for HRThe benefits of data analysis have become well-documented – enormous cost savings for businesses, a higher likelihood of achieving a return on investment and projecting consumer trends, just to name a few.

What used to be primarily an IT-driven interest has extended into the realm of marketing, sales teams and C-level executives. But there is another department that should be just as mindful of data analytics: human resources.

“It has not mattered in the past because people management has not been seen as essential to success as it is today,” Jon Ingham, HR technology consultant and analyst, recently told Computer Weekly. “What you have is a huge gap between what organizations are doing and what they could be doing, in one of the areas that is becoming the most important for business,” he added.

More Read

use ai to get the most out of your social media strategy

Use AI to Get the Most Out of Your Social Media Marketing Strategy

Leveraging Social Analytics for Optimizing Your Marketing Strategy
4 Amazing Time Saving Analytics Tools For Social Media Marketing
How Data Science Is Revolutionising Our Social Visibility
How The Cloud Can Be Useful In Supply Chain Logistics

Ingham described HR’s current use of data analysis as “woefully inadequate.” For a sector that manages more information than almost any other, it makes sense that HR departments would be gravitating toward business intelligence (BI), big data and other analysisapplications. There are also a variety of ways in which these tools would benefit them, including:

1. Staying on top of new healthcare regulations.
Any company with 50 or more full-time employees will be required by law to provide healthcare benefits beginning in 2014. That means these organizations will not only have to handle more sensitive information, but manage additional audits and health-related costs.

In a recent blog post for HR Morning, PDS systems developer Marco Padovani suggested that data analysis would enable HR professionals to gain important insights during decision-making processes. This will be especially helpful, he said, for calculating different statistics relating to healthcare reform.

2. Keeping track of prospective employees.
The hiring process can be a nightmare for HR professionals – they have to conduct background checks, confirm everything on applications are accurate, speak with references and a lot more.

Some HR departments have already tapped into cloud-based, social media and mobile BI to conduct these processes more efficiently.

3. Dealing with compensation.
Wendy Hirsch, principal at Mercer’s workforce strategies group, said that when dealing with compensation, HR processionals typically only “rely on very basic data.”

“Rarely do they leverage more advanced analyses that allow them to think more strategically about the impact of compensation decisions,” she recently told Business Finance.

By leveraging data analysis tools, Hirsch said companies will have greater insight when HR teams and CFOs go to make important compensation decisions.

(image: data analysis / shutterstock)

TAGGED: cloud, data in the cloud, human resources, social media
Roman Vladimirov April 10, 2013
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

use ai to get the most out of your social media strategy
Social Media Analytics

Use AI to Get the Most Out of Your Social Media Marketing Strategy

6 Min Read
leveraging social data for ROI
Social Media Analytics

Leveraging Social Analytics for Optimizing Your Marketing Strategy

9 Min Read
social data analytics
Social Media Analytics

4 Amazing Time Saving Analytics Tools For Social Media Marketing

9 Min Read
revolutionising our social visibility
Artificial Intelligence

How Data Science Is Revolutionising Our Social Visibility

12 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?