In the new world of work, HR professionals are tasked to do more than just administrative HR. They’re required to be business partners who can create and execute HR strategies that address business problems and directly contribute to the organisation’s bottom line.
To do this, HR professionals will need to use reporting and analytics to tell stories that would give executives quantitative and qualitative information on company and employee trends, workforce performance and development, HR activities, and more – all of which is vital for informed decision-making.
It is a process that enables HR professionals and management to keep their fingers on the organisation’s pulse by tracking key workforce metrics.
Why You Need HR Reporting and Analytics
- To make better hiring decisions.
- To identify retention and turnover patterns.
- To track and manage employee performance.
- Compensation management.
- Improve communication.
- Automate tasks and improve processes.
- To become a strategic business partner.