Back in December, we spoke with our customer Jagannathan Raghavan, Global HR Digitalization & Operational Excellence Director for Element Materials Technology about HR data and what it means for employees, managers and organizations. This conversation inspired us to summarize key ideas on fostering a data-driven culture and making the most of your HR data.
Data is an instrument
HR data enables you to make a decision, but it won’t make this decision for you. It’s a human who makes the decision. And how meaningful it will be, can largely depend on their data-literacy and its availability.
Data isn’t enough
Coaching your HR team to be data-literate is crucial to making decisions that are right for your business. Interpreting and using it in discussions with stakeholders can help HR perform more efficiently. What’s more, visual presentations can significantly (up to 40%) better convince your internal customers.
Internal collaborations nurture a data-driven mindset
Collaboration with another department that uses data in their day-to-day work can help HR become more data-aware and data-driven. For example, Marketing can assist HR in building an efficient recruitment funnel, starting with an SEO-optimized career page.
HR analytics serve business goals
Different business targets require different skillsets. When it comes to recruitment, conducting a gap analysis and structured personnel assessments enables you to map a data-driven hiring strategy with clear success indicators.
Creating an HR data feedback loop
Working with HR data and analytics opens the door to creating a feedback loop. For example: with basic data, like the languages your employees speak and their diplomas- and certifications, you can get an idea of what skills are available in your organization.
To take the process one step further, you can map out skills with smart tools like FourVision’s Performance Management Web App to generate new sets of information. Which can then be used to further improve the Employee Development cycle.
Ultimately, with enough data, it can be reported in a way that allows your organization to do Succession Planning and Strategic Workforce Planning.
Summary
Data enables us to make better decisions. Focusing on making HR data available is a prerequisite step in informed decision-making. This means your data must be easy to access and understand.
At the same time, your HR employees need to become data-literate — equipped to interpret it and use it in their everyday processes. Cross-department collaboration and business-oriented HR analytics help improve data-literacy and develop a data-driven culture.
About FourVision
Fourvision supports you in managing your HR data throughout the entire employee cycle. So that you can focus on making the right decisions for your business. Book a demo today and let us show you how much more you can accomplish with our HR solutions.
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