Professional Documents
Culture Documents
A Report On Recruitment of Employees at Growmor Strategic Management PVT LTD
A Report On Recruitment of Employees at Growmor Strategic Management PVT LTD
On
Recruitment of employees
At
By:
What is HR Analytics?
1. Data collection
2. Measurement of data
3. Analytics of data
Examples of HR Analytics
Here are some of the most-used HR metrics and analytics –
· Offer acceptance rate
· The efficiency of training practices
· Expenses in training each employee
· Revenue per employee
· Turnover rate (voluntary and involuntary)
· Hiring time
· Absenteeism
· Employee-related risks
Benefits of HR analytics
1. HR analytics can significantly improve the HR team’s decision-
making skills. Companies can be more accurate with their
decisions due to the data-driven approach offered by analytics.
Companies will no longer need to rely on guess-work to make
critical changes.|
2. HR can utilize the data provided by analytics to really get to the
bottom of employee turnover rates. Analytics can help businesses
identify severe lapses and improve their retention rate.
3. One of the leading causes of employee absenteeism is a low level
of employee engagement. With the help of HR data analytics,
companies can better understand employee behaviour and even
strive to create changes in processes and work environments that
can boost engagement.
4. Analytics can go a long way in helping companies improve their
recruitment processes. HR can determine the exact skillsets
required by the organization to promote growth, and the profiles of
current employees and potential candidates can be matched up to
the standard.
5. The predictive analysis tool displays trends and patterns that can
help organizations stay prepared in their vision and make informed
decisions for all future needs.
The following graph from Google Trends highlights the worldwide growing
interest in HR Analytics and People Analytics from 2004 to present. It
clearly shows that HR Analytics is increasingly becoming a desired addition
to several HR practices.
Contents
1. Excel
2. Python
3. R
4. Tableau
5. Power BI
6. Visier
7. Qlik
8. CPLEX Optimizer
9. SPSS
10. Oracle HR Analytics
11. FineReport
1. EXCEL
Most of you must be already using Excel to some degree. To run advanced
analytics in Excel, load the ‘TIMES JOB.’ Getting acquainted with Excel
functions will enable you to carry out essential data manipulation
conveniently. Excel has a broad scope for data visualization as well.
Summary statistics will help you with information summarizing.
2. PYTHON
Python is an easy to learn tool used by Data Scientists for data analysis. It
is relevant as an HR Analytics software for carrying out the statistical
analysis of Human Resource data. PyCharm and Spyder are some open-
source Integrated Development Environments (IDEs) that will provide you
with all the tools needed to use Python for data analysis purposes.
3. R
Something similar to Python, R is a better tool for analyzing and visualizing
vast amounts of data. It is one of the most preferred HR Analytics software
when it comes to working with much larger datasets. Using R, you can
easily clean massive data sets, even the ones with millions of rows.
RStudio is the most often used IDE for R.
4. TABLEAU
Tableau is one of the most preferred business intelligence tools used for
data aggregation from various sources, which can be converted into
insights and presented over a dashboard through data visualization. It
visually represents the data through easy-to-understand charts and graphs,
making data reading an extremely easy and quick process for any
individual. It comes with cloud support and real-time data analytics
capabilities.
5. POWER BI
As a workforce analytics software, Microsoft’s Power BI will allow you to
connect with multiple data source systems, like Excel sheets or SQL
databases or Machine Learning APIs, or a live Twitter feed. Data
aggregated from all these various sources can be integrated into Power BI.
The consolidated data can be transformed into an HR dashboard for the
reporting and visualization of data using the Power BI’s dashboarding
capacity. It has three licensing methods: Power BI Free, Power BI Pro, and
Power BI Premium.
6. VISIER
Visier is a comprehensive workforce analytics software that focuses on
providing actionable insights on workforce data. It can connect with multiple
HR systems and integrate them into one Business Intelligence (BI) tool.
Visier uses algorithms to predict exits, internal movement, promotions, etc.
Likewise, it can show you different trends in your workforce data to help
understand methods that drive productivity and performance.
7. QLIK
Qlik, as a People Analytics software, has an extensive dashboard capacity.
It facilitates data aggregation from multiple sources and transforms it into a
dashboard for straightforward data interpretation. It also has functionalities
to support conversational analytics and user-driven business intelligence.
In the Gartner Magic Quadrant, a series of marketing reports by Gartner,
Qlik has been a leader for many years.
8. CPLEX OPTIMIZER
CPLEX Optimizer is a tool for perspective analytics that enables you to
decide which course of action will best cater to a given situation. CPLEX
Optimizer uses decision optimization technology and finds wide usage in
operations research. Hence this HR Analytics software can be utilized for
data modeling to optimize business decisions, in order to find the best
solution among various other possible alternative decisions.
9. SPSS
SPSS is one of the popular HR Analytics tools or People Analytics tools
because of its highly user-friendly interface, which can be used for data
analysis even by those who are not a pro at statistics. It finds wide usage in
the social sciences domain, and hence quite preferred by HR
professionals. It is somewhat similar to Excel.
10. ORACLE HR ANALYTICS
Oracle HR Analytics is explicitly designed to support HR practices. Oracle
analytics can gather data from different sources and analyze it accurately
and efficiently to uncover relevant insights. This HR Analytics software has
in-built technologies such as accelerated model building and Machine
Learning. It is functional in analyzing data to provide an objective view
related recruitment, stories behind attrition, a measured-insight of payroll
metrics, etc.
11. FINEREPORT
It is a self-service data analysis tool for businesses. It lets you build a data
decision system by enabling you to design various styles of reports with
simple drag and drop operation. Format wise, it is quite similar to the Excel
interface and includes features like data entry, report creation, and report
management, etc. It can be connected with most of the databases. Here,
you also get access to a variety of dashboard templates and visual plug-in
libraries.
FINAL WORDS
After having an overview of 11 HR Analytics tools, you might have
achieved some clarity on which tool will best serve you to your
organizational interests. Before finalizing one, you can request for a demo
or trial.
Data is your asset, and HR Analytics software enables you to better utilize
that data in order to make more informed and strategic decisions for your
business. However, apart from getting handy with the tools, you also need
to grow your competency and understanding of the intricacies and
techniques related to People Analytics. To acquire more knowledge about
Digital HR, check out our People Analytics & Digital HR program, an online 3-
month-long program (in collaboration with IIM Indore) which focuses on
preparing HR professionals and aspirants for the data-driven workforce of
the future.
Objectives
Team
The team comprises of Young, Dynamic & Smart
HR professionals who have immense experience in understanding
the client’s job description and finding the best candidate for the
profile. Their team is specially trained in sourcing from all hiring
channels and has a strong personal database collected during the last
15 years of operations.
They also have a very modern infrastructure that
helps us in cutting search timings for finding the right candidates and
a dedicated team who coordinates with HR for support in
understanding the pros & cons of the candidates.
Strengths
Faster, reliable and customized deliveries
Favourable cost-benefit ratio
Innovative use of technology
Meet 85% to 95% of specification/requisites.
Strong enough to scan/screen & evaluate accordingly.
Enjoy almost 95% presence in consumer electronics /home
appliances.
Above 30% presence in automobile segment.
Approx. 30 to 35% in FMCG.
Major clients
o Accolite Digital JAVA LEAD, JAVA DEVLOPER
o Accolite Digital is React Native
o YOKOGAWA is a Japanese base company
o Yokogowa is a contractual base services
Sources of Recruitment
There are various sources available for a company to recruit
candidates for the vacancy available with them. They are –
Importance of Recruitment:
Recruitment decides the present and future of the firm.
It helps in reducing the number of visibly under qualified or overqualified
job applicants.
Helps to reduce the profitability of turnover.
It helps to increase organization and individual effectiveness.
Sources of Recruitment
There are various sources available for a company to recruit
candidates for the vacancy available with them. They are –
STAGES OF RECRUITMENT
For the process of recruitment, the HR department of a company has to go
through various stages and they are as follows:-
❏ Identifying the hiring need – Firstly, the HR’s identify why they need
to recruit employees and for what position.
❏ Searching – The HR’s hunter and gather the information about the all
possible candidates whom the company can target.
Communication :
Screening :
Processing :
Confirmation :
In many cases, employers need specialist support with their hiring strategies.
Using a recruitment agency to identify and attract talent, and negotiate terms,
can relieve a huge amount of pressure. This approach can help organisations
find the people they need to move forwards, bring them to interview, and
secure their services within budget.