People analytics is becoming increasingly important in today's business landscape. As cost of labor continues to increase and compensation being the biggest cost, there is a heightened focus on using analytics to inform HR decisions to optimize compensation, drive employee engagement, and retain high-performing talent, amongst other areas across the employee lifecycle. However, many companies still need help with getting started with people analytics due to lack of knowledge or an inadequate understanding of how data can be leveraged effectively to maximize value for their HR departments.
In this post, we'll explore the basics of getting up and running with people analytics, covering topics such as:
● Understanding the most critical HR and business challenges
● Hiring the right talent for your people analytics team
● Building your people data infrastructure
● Identifying and prioritizing key people metrics to focus on
● Automating ongoing reporting to focus on more strategic initiatives
● Scaling a people analytics function over time
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