[Whitepaper] Data-Driven HCM: Leveraging Analytics for Strategic Decision-Making

The term “business intelligence” gained popularity in the 1990s, referring to data analysis tools and techniques to extract insights from business data. The explosion of digital data in the 21st century, coupled with advancements in data storage, processing, and analytics technologies, has fueled the rise of big data and analytics. Organizations now have access to vast amounts of structured and unstructured data from sources like social media, IoT devices, and transactional systems.

Currently, every facet of a business produces numerous data points that can help with highly accurate and informed decision-making. The Human Resources department is no exception. If you are using an HRMS platform, chances are that you already have a massive repository of untapped data, waiting for you to be leveraged for business success.

This whitepaper covers:

1. How is data produced and captured at every stage of the employee lifecycle, ie Recruitment, Attendance, Payroll, Expense, Performance, and Exit Management?
2. What kind of reports are generated with the help of the captured data?
3. The visual representation of sample reports.
4. The applications and use cases of these reports for decision-making.

In conclusion, this whitepaper aims to guide HR professionals in exploring the various applications of data in HR management. It will provide insights into the true potential of data-driven decision-making in HR and demonstrate how technology can simplify the process. HCM platforms can provide critical actionable insights to businesses, and this whitepaper will demonstrate the same in a highly visual manner.

Have a look at what’s inside!

You will learn about the following reports in this whitepaper

Recruitment and Onboarding

• Hiring status report
• Candidate source report
• Hiring efficiency report
• Diversity report
• Onboarding report

Time and Attendance

• Attendance status
• Timesheet
• Attendance pattern

Payroll Management

• Payroll breakdown report
• Deduction report
• Tax declaration report

Expense Management

• Expense report

Performance Management

• Performance appraisal status
• Performance assessment of the workforce

Exit Management

• Employee separation report

We hope this whitepaper will help improve the people management in your organization!