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How HR Analytics can Help with the Appraisal Process?

HR Tech Outlook Europe | Tuesday, July 20, 2021

How HR Analytics can Help with the Appraisal Process?Many firms, including Google, Microsoft, and others, are shifting from annual performance evaluations to more real-time performance analyses in order to make more prompt judgments.

FREMONT, CA: Human resource functions entail more than just hiring and onboarding. The human resources area has seen a fundamental transformation with the introduction of HR analytics. HR analytics are used by businesses to analyze employee turnover, optimize the personnel supply chain, extract insights to assist decision-makers, and more.

HR analytics, when integrated into a company's entire strategy, can improve productivity, performance, and profitability. Furthermore, HR analytics provides a unified view of the workforce and talent data to drive business activities.

HR Analytics for the Appraisal Process

Predictive analytics: It is used in the workplace to identify trends at both the individual and team levels. The algorithms linked with them can provide objective insights about job preferences and performance determinants.

Real-time analytics: Many firms, including Google, Microsoft, and others, are shifting from annual performance evaluations to more real-time performance analyses in order to make more prompt judgments. This provides a more comprehensive measure of performance and aids in identifying red flags and predicting which employees fall into the flight risk category.

Engagement: HR professionals can use analytics to identify engagement activities that have a direct or indirect impact on employee performance. It has two benefits: it pushes organizations to invest more in performance-building initiatives and it helps to define a metric that correlates performance with engagement.

Succession: Using HR analytics for performance appraisal and evaluation also means that HR may utilize the same data for succession planning. It can predict promotions, transfers, and professional splits in advance.

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