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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

At Visier, we refer to this as “add data and stir.” On the other hand, a Fortune 500 company opted for the Rent option in their data-driven journey and implemented Visier. Gartner, Survey Analysis: Customers Rate Their Business Intelligence Platform Ownership Cost, Rita L.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

HR analytics originates from data housed within Human Resources and is aimed at optimizing HR functions. People analytics expands beyond HR to incorporate data from other sources within the organization, such as marketing, finance, and customer statistics, to address a wider scope of business issues.

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Summer Reading 2017: 5 Popular HR Analytics Articles You Need to Read Today

Visier

Whether it’s a video game developer using analytics to make headcount predictions, or a social media giant using data to determine the ROI of a new parental leave policy, the common thread is this: evidence-based HR functions can drive organization-wide change.

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Impress Your CEO With These Strategic Business Impact Recruiting Metrics

Visier

And rather than considering HR to be too soft or difficult to measure, he states “We apply the same level of rigor, analysis and experimentation on people… as we do the tech side.”. They also operate a Pi-Lab which conducts experiments, hypothesis testing and A/B testing on possible HR solutions.

Metrics 279
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3 Mistakes To Avoid When Starting an HR Analytics Function

Visier

Armed with the analysis, he’ll then work with store managers to adjust how they handle schedules so they get the right mix of skills in the store for each shift. Notice that this case involved more advanced analytical skills, but it was driven by a business-savvy HR professional who had a clear goal in mind.

Analytics 225
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It’s Time For HR to Be Bold with Analytics

Visier

Experian — a global leader in consumer and business credit reporting and marketing services, and a Visier customer — is one organization that has successfully embraced workforce analytics. Producing volumes of ‘interesting’ analysis with no purpose is pointless. It is amazing how quickly data improves when people see it.

Analytics 150
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Analytics, modelling and forecasting: using people data for insight

cipHR

A survey by the CIPD carried out in 2018 found that only just over half (54%) of organisations had access to people data and analytics, and only four in ten felt their HR team would be able to tackle business issues using data analysis. The CIPD advised a cross-functional approach to improving HR’s skills and confidence in this area.