Top 4 Examples of How HR Professionals Are Using Analytics to Solve Problems
Hired to deliver
on human resources, reduce time to hire, get the best PO (Person-Organization)
and PJ (Person-Job) fits for their company, performance evaluations,
grievances, and basically manage everything from their on-boarding to their
leaving – HR is a part of an employee’s whole journey in a company. Advanced
analytics is paving way for HR personnel to hire smarter, work smarter with
managing staff, and seek smart opportunities for themselves to speed up all
procedures.
Here are 4 case
studies that reveal successful application of big data analytics in HR:
Telecom Company Cuts Hiring Time by Half and Hires 100
High-Impact Experts Within Three Years – a leading
European telecom company sought to contend with international media and IT
players by adopting the internet telephony revolution and developing businesses
in both digital television and mobile networks. McKinsey worked with the HR
director to develop a three-year program to turn the telecom corporation into a
people leader.
Coca-Cola Enterprises (CCE) Case Study: The HR analytics expedition within Coca-Cola Enterprises (CCE)
actually began in 2010. Given the intricacy of the CCE operation, its global
footsteps and diverse business units, a team was required which was able to
give a centralized HR reporting and big data analytics service to the
organization. This led to the development of an HR analytics team serving 8
nations.
Quickly Simplifying A Company’s Turns Around
Performance – A global logistics enterprise,
previously a market leader, had seen its performance lag its competitors’. Its
overhead costs were considerably higher than average—driven by a complex,
outsized organization with a huge regional staff and unwieldy processes
requiring numerous handovers. A 5-month restructuring attempt from McKinsey
condensed organizational complexity and acquired new efficiencies that help
bring $2 billion in incremental profit.
Using HR Analytics to Drive Business Performance: An organization had already exhausted most of the traditional
strategic options and was seeking new opportunities to enhance customer
experience employing analytics. Operating a mix of franchised outlets and
corporate-owned restaurants, the organization was suffering from annual
employee turnover considerably above that of its peers. Using analytics and big
data this company solved its problem of employee turnover.
Human resource
analytics programs from a
reputed institution can help you achieve newer heights of success in your HR
career. Top institutes have the right faculty and resources to help students
understand the subject matter in tremendous depth, and
that can help equip them for the workplace.
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