Leveraging HR Analytics for Business Success
Explore the concept of HR analytics and its impact on driving business performance efficiently. Gain insights from the 2017 EYA survey results on the significance of using people data to create business value. Understand the importance of connecting employee data with business goals for competitive advantage.
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HR ANALYTICS DEVELOPING TALENT INTELLIGENCE TO DRIVE BUSINESS PERFORMANCE JULIUS F. KIKOOMA ASSOCIATE PROFESSOR & DEAN SCHOOL OF PSYCHOLOGY MAKERERE UNIVERSITY
Outline Introduction and methodology About the EYA Theme Highlights of the 2017 EYA survey results Lessons learned
EYA: A Corporate Survey on People and Culture Management (PCM) Initiated the year 2001 by FUE to sensitize CEOs and top managers about the professionalism in Human Resources Focuses on branding the employer: Who to work for with pride; where to buy shares from Provides a structured forum for employers to reflect on their employment and people management practices Overall winners are based on the theme of the year identified by the HR practitioners community
Methodology Questionnaires for managers and workers covering the areas of awards with options for online and paper copies Non Managers Managers Established Corporations 189 284 Verification interviews during questionnaire administration by trained researchers SMEs 38 81 Young employers 54 171 Verification interviews to confirm findings by Principal Investigator To win an overall award the company had to consistently score high on all the components of the theme
About the 2017 EYA Theme HR ANALYTICS: USING PEOPLE DATA TO CREATE VALUE
HR analytics HR analytics is about how to use people data as a distinctive capability to derive maximum business value The 2017 EYA survey theme was against the background that, many HR practitioners still find difficulty in measuring the business value of their initiatives In most case HR practitioners collect a lot data but do not use it to derive business insights Decision makers from the top line receive imprecise answers on people questions from their HR By connecting employee data to business performance best in class companies gain a distinctive capability for out thinking and out executing the competition
Highlights of the 2017 EYA survey results The results suggest that the models for the delivery of HR have improved: policies, process, and systems standardized Hidden Opportunities in - Physical and Mental Wellness - HR visibility through CEO Hidden strengths in -Employee engagement; -Work life Balance There is disparity between people data required and data available to support business decisions. Hidden potential in Personal accountability Business partnering The performance of the different practices surveyed reveals a number hidden strengths, potential and opportunities
HR Analytics maturity Basic HR facts 13% Integrated talent value analytics 25% Analysis of HR investment 12% Workforce Forecasting metrics 50%
Lessons learned The results highlight a success story regarding improved HR processes and systems The findings also indicate missed opportunities for HR and suggest the priorities for the future development Data driven approaches can drive good HR practices and can ultimately improve business outcomes
