HR Analytics Services

Build data science based HR processes to create a smarter organization

HR Analytics Services

Why HR and data science can go hand in hand

Human resources is no longer a department that uses conventional methods to get the things done. Data science can enable HR professionals to get insights about employees to improve recruitment decisions and predict employee turnover through HR analytics (also known as talent analytics).

Through HR analytics, HR departments are not only reporting about what already exists in the organization, but also predicting the future possibilities in recruitment, work culture, compensation, training, and employee retention.

Michael Arena, the Chief Talent Officer of General Motors believes that “Talent analytics is about crunching data about employees to get the right people with the right talent at the right place at the right cost. HR is being held accountable to deliver business results. And the language of the business is analytics.”

How we addressed the analytics need of an HR department

The HR department of one of our oldest clients wanted to leverage data for the betterment of the organization by utilizing it to attract the top talent for the vacant positions and to gain higher employee retention. They also realized the importance of data in predicting the impact of training and evaluating the offered compensation.

Our data science team at Softweb worked closely with the client’s historical data and analyzed the factors that affected employees’ job satisfaction, employee turnover rate, the quality of new hires, and most importantly the cost associated with all of it.

Outcomes

  • Employee retention rate was increased by 9% thus saving the cost associated with recruiting new employees.
  • Our clients were able to attract some of the extraordinary candidates by offering better benefits instead of offering a higher pay.
  • Elimination of training that wasn’t really impactful so as to focus on the training programs that are more relevant and important.
  • Top performers of the organization were recognized and rewarded with a 20% higher pay as compared to average performers, thus boosting employee motivation.

How HR departments can leverage data science for smarter organizational decisions

  • Optimized recruitment channels can be detected, so as to keep track of channels that give best results in terms of applications received, shortlisted profiles, and the cost associated with the recruitment process.
  • Ability to predict candidate’s aptness for a job profile by analyzing similar profiles from the past employee data.
  • Attracting top talent by offering a competitive compensation and benefits package as compared to the competitor’s offer.
  • Analyze how training is impacting employees’ performance and career progression.
Let our data science team help you solve complex data and business problems