As the human resources department is at the forefront of the company’s digital transformation, the exploitation of HR data has become a major concern. In this context, Business Intelligence is becoming an essential solution to improve human capital management.
Harnessing the Full Potential of HR Data
The human resources department has a large amount of data related to salaries, staffing, training and recruitment. However, exploiting this complex data from scattered sources is a real challenge.
This is where Business Intelligence comes into play, allowing data to be classified and sorted centrally in a data warehouse. The company then has reliable information that can be used directly to develop dashboards and HR reports.
An effective driver to control costs linked, for example, to work stoppages. Salaries can also be optimally quantified, taking into account their impact on the financial performance of the company.
BI also helps the HR department to better understand the needs of employees in terms of skills, even in the more or less distant future. To do this, it can rely on predictive analysis features.
Finally, the analysis of HR data is essential to improve the quality of work life (QWL) on a daily basis, contributing directly to the successful recruitment and retention of employees.
Choose the right indicators and HRIS tool
The success of a BI project depends on the creation of dashboards and HR reports containing relevant performance indicators. These must be chosen carefully, taking into account the company’s strategic objectives.
In addition, it is essential to deploy an HRIS tool that is truly adapted to the company’s needs after following a rigorous selection process.