Transforming People Analytics through HR Technology

Summary: HR technology has revolutionised people analytics by streamlining data management and evidence-based decision-making through advanced analysis, facilitating an efficient, engaged and productive workforce.

FREMONT, CA: In a technology-driven world, adapting human resource (HR) technology becomes a determining factor for an effective, engaged and productive workforce, empowering companies to maintain a competitive edge in the modern world. From managing and tracking employee attendance, performance and engagement to enabling automation in current manual processes, HR technology empowers new degrees of proficiency and effectiveness, leading to workforce strategy optimisation for better employee experience and overall organisational success.

HR technology offers real-time access to people analytics data, enabling executives to stay up-to-date with the latest information and make agile decisions and timely responses to emerging workforce challenges and opportunities. While organisations consider the importance of diversity, equity and inclusion (DEI) in the workplace, HR tech can facilitate the tracking, measuring and reporting of data in DEI metrics. It can enable talent recruiting and acquisition, enhance professional development and success planning for managing the workforce.

Considering the types of HR  technology, applicant tracking system (ATS) enables streamlining and managing the entire recruitment process. From job postings to applicant screening and onboarding, it helps track candidate progress and facilitates smooth and efficient talent acquisition procedures. While employer brand platforms enable sharing of current job listings and review the previous experiences of employees with the employer, employee engagement systems measure and enhance employee participation and feedback. This software ensures a  collaborative workspace with an effective communication channel.

Human resource information systems (HRIS) offer a comprehensive database that stores employee data information, including job history and performance evaluations. Serving as a central repository for all HR-related data, HRIS enhances data management, and payroll analysis, facilitating smooth administration. Furthermore, there are other software like performance management systems and rewards recognition for empowering workspaces to be more organised and competitive. From learning management systems for conducting employee training and development programs to objective key results systems which enable the execution of organisational strategies efficiently, HR technologies are revolutionising organisational culture, facilitating the transition towards industry 4.0.

One similar kind of transformation is data gathering and analysis. HR tech offers collecting and analysing human resource data from different systems and provides insights into employee behaviour and performance. This helps identify trends and patterns, allowing leaders to make informed decisions. Also, predictive analysis enables executives to forecast future workforce trends, potential employee turnover and estimate performance through various factors. For reducing HR workloads through adapting employee self-service and dashboard systems, even in minimising the bias in decision-making and monitoring employee wellbeing, HR tech has been utilised widely.

Adapting technology has become crucial for maintaining relevance in the modern world. Integrating HR technology has been considered an ineluctable factor in improving organisational culture for its wide applications in data analysis, predictive analysis, and facilitating employee engagement and performance.