HR Reporting and Analytics:
From Metrics to Business Outcomes
eporting and Analytics are an important part of managing Human Resources. Both tools are part of HR reporting and for the basics of informed decision making. It is almost impossible to make informed decisions when HR business partners and other stakeholders lack insight into their own organization and Effective reporting can help with this. Here, we’ll explore the advantages of an Effective HR reporting as well as the data and metrics which could be included therein.
Effective HR Reporting and Analytics
- HR Monitoring. Regular reporting enables HR to keep a finger on the pulse of the organizations by tracking key workforce metrics. New trends and opportunities can be spotted early on and emerging problems can be addressed before they significantly impact the business.
- Management information. An HR report can also help managers in doing their job better and keep them informed about relevant developments in their teams and department.
- Track problem areas. HR reporting also offers a great way to track key problem areas in a transparent way. Transparency in turnover rates per manager will encourage them to pay closer attention to retaining employees because their own reputation is on the line! By tracking problem areas, HR can leverage its position to drive improvements.