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Predictive HR Analytics Tools
Predictive HR Analytics Solutions by SageData
Human resource is essential for a successful business. Any organization needs to analyze and pay attention to this aspect. Nowadays, vast technology development has introduced enterprises to HR predictive analytics tools – a powerful drive for understanding, predicting, and changing HR segments to achieve more efficiency in the workplace.
Why should businesses use Predictive HR analytics?
Predictive HR analytics can be a valuable instrument in bringing efficiency and better results in the strategic decision-making process within the HR department. Those tools help withdraw patterns, trends, and variable conclusions from quantitative data, bringing more considered and promising short- and long-term decisions.
Different predictive analytics tools for HR analyze applicants’ behaviour. That way organization could enhance employee motivation, productivity, business growth and competitive advantage. Implementing HR predictive analytics tools in your business helps:
- to detect and measure employee engagement
- to measure overall labour effectiveness
- to prepare a detailed analysis of employee behaviour
- to calculate frequencies and costs regarding hiring, training, revenue, and growth of the company workforce
- to withdraw patterns of effectiveness in application processes
How can SageData’s predictive HR analytics power help your business thrive?
Analyzing employee involvement is crucial for company performance. By applying various familiar techniques and newly developed approaches, HR predictive analytics bring the best solutions for outlining profitable outcomes.
Valuable predictive analytics tools can improve any company’s performance by calculating:
- Total Training cost
- Training cost per employee
- Revenue per employee
- Growth of revenue per employee
- The technical and non-technical turnover rate
Predictable analytics in the field of HR also help optimize recruiting processes as they:
- Create recruiting funnel analysis that shows detailed data regarding the effectiveness of interview stages and methods of recruiting (such as phone interviews, in-person interviews, etc.)
- Investigate the average number of days to hire and demographic patterns of applicants
- Show the efficiency of source panels by showing founded applicants by source (LinkedIn, company website, etc.)
Many organizations struggle with their recruiting processes. Using predictable analytics in HR, your organization can improve the quality of hiring procedures. Forecasting and examining statistical data throughout application rates recruiting metrics can enhance the candidate experience, reduce turnover rates, and recruiting spreading.
SageData brings its clients all the necessary analytics tools and guides their success in the business world. For the last four years, SageData has been companies’ trusted partner in understanding and outlining predictable analytics in their HR departments regardless of their size or field of operation.
SageData helps you plan effective strategies and accomplish business goals by providing detailed reports using HR predictable analytics tools.
Click HERE and register to learn more about HR predictive analytics tools and let Sage Data show you many more solutions which could excel your business.
How BI Tool Works
Successfully developed Business Intelligence Solutions go through three separate stages. Those are Data Collection and development of Data Warehouse, Data Manipulation and Data Visualisation.
The first thing that happens when you start building a Business Intelligence, is that you connect all of the data sources for your business to your own Data Warehouse where you collect and store all of your data.
During this stage, all previously collected data gets analyzed. The analysis process consists of many other smaller subprocesses, like Cohort Analysis, Data science, Anomaly Detection and many more.
Our software provides you with graphs, histograms and other visual elements that make any report aesthetically pleasing, and easily-digestible, eliminating possibility for errors or misinterpretation of certain data.
Frequently Asked Questions
While Business Intelligence uses both past and current data, Business Analytics focuses more on past data only. Business Intelligence helps you run all your current operations, while Business Analytics is trying to change business operations for the better, to improve productivity and to predict possible outcomes.
There are three different types, or stages, of any Business Analytics Tool. Those are:
- Descriptive Analytics – Uses KPIs to give you an idea of the current state of your business;
- Predictive Analytics – Tries to predict future actions based on historical data;
- Prescriptive Analytics – Shows you the best actions that can be taken for a given situation.
Relying on our Business Analytics Tool you get solutions on how to improve your business operations, and how to become better at what you are doing. It also saves you a lot of time as it analyzes all the Data automatically, so you won’t have to. Not only that, but it also provides you with quality reports that are visually pleasing and easily comprehensible for anyone who reads them.
Yes! Every business, no matter its niche or its size, can benefit from having a reliable Business Analytics Tool. Small Businesses and startups usually have limited budgets and limited capacities, so they need all the additional help they can get. Business Analytics Tools can help your business perform better and save you money in the long run.