Analytics Cycle - Presentation F

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Determine Stakeholder requirements

Stake holders: Anyone who is directly or indirectly affected by HR analytics


work.
• Executives,
• line managers,
• Senior HR leaders,
• HR business partners,
• Employees
• Human capital technology vendors
• Each stakeholder has a different perspective and set of concerns
regarding HR analytics practices and activities.

Analytical Reporting key


Insights metrices

Line Managers

Reporting key Data


metrices visualization
• Determine stakeholder requirements is about establishing and cultivating
a partnership and becoming a legitimate player by adding value to the
business.
• HR research and analytics priorities, secure stakeholder commitment and
support and provide communication on the ongoing progress of key HR
research and analytics initiative
HR research
and It isOnce,
Itreactive,
can be short
the needs
important
bothterm
long or
term
and
to note
long
and
expectations
that
defineterm
short termof
the HR
short
(Can
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stakeholders
doesn’t
research
be can and
decided
are identified,
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Analytics
be both
by evolvingAgenda
tactic and
Nature
strategic
it is or
mean tactical time to
of Business)
tips for

Analytics establishing the HR Analytics and research agenda

agenda
Pose Pose board research questions for each theme or major topic use stakeholders’ language and
terminology to the extent possible

Consider Consider the ethicality of questions and hypotheses more targeted questions that lend themselves to
measurements

Identify Identify both the long-term and short-term requirements of the overall research and analytics agenda

Share Share HR research and Analytics and analytics agenda with key stakeholders. Lastly, strive for a balanced
HR Research and analytics in terms of reactive and proactive work
Identify Data sources

Question arises in terms


Agenda established of adopting new HR Data sources Identifying Data sources.
analytics and practices

Private: Organizational
Public: University
Data sources can be internal employee data,
Library, Government
Public or Private external data from other
Database.
organization.
Gather Data
Primary research is a fresh research
Gathering data is of two types example:- How to improve
consists of new set of questions,
primary research and secondary employee engagement in the
where data need to be generated
research. institution.
fresh.

Secondary research is all about


collecting data from other sources
Primary research can be done with (review or articles and reports) Theory driven and data driven
in an organization if it has hr Trust worthy secondary source of approaches to mining and
research and analytical capabilities information comes from scientific modeling data from the HRIS Saas
or in partnership with universities. research studies. based platforms
Example: Reports and articles
Transform Data

Preparing and transforming data are very time consuming for skilled individuals along
with that data analysis and data mapping are very expensive and time consuming.

There are many firms like SAO, ORACLE, SAS, WORKDAY which launch their products such
as real -time analysis, text and sentimental analysis, predictive analysis etc. There are
new data aggregation and visualization tools in the markets. However, they cannot do
everything like coding, analysing, visualizing and interpreting all the disparate data. This
applies to all the applied HR projects and experimentation projects of an organisation.
It is suggested that the organization should perform meta-analysis.

Meta analysis helps us to understand the link or relation between the multiple
data.

It enables us to codify the disparate data to get the workforce insights.

The process can be simple or complex depending upon the kind of data gathered
and the competency of the researcher and the analyst and the time constraint.
Communicate Intelligence report

example: - data is - students who score 90% in


CAT, most probably they don’t join JAGSOM. We
can present this data as a story that the
After transforming data step 6 is to students who score 90% in CAT they are from
communicate the data as a story. Storytelling is western areas because there are lots of colleges
a powerful approach in communicating data in western area and instead of coming so far
both in words and visually because it stimulates from their home they will prefer to study
emotions. nearby or their family income is less than 10
lakhs so they are not able to afford the fees or
they got better college because they scored
good %.
Enable Strategy and decision making

Strategy is terms of plan, ploy, pattern and perspective.

Plan relates to leaders establishing overall direction for the organization.

Ploy strategy is outwitting the competitors

Pattern involves engaging in consistent actions to effectively implement the strategy.

Position means how a company differentiates itself from other competitorsStrategy reflects
an organizations culture and character.
A human resource strategy tends to focus on people policies, practices and processes with the
aligning overall business strategy in order to achieve the
organization’s goals and objectives.

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