HR Analytics Essentials (HRAE)

HR professionals today have access to more data than ever before. However, data itself is of no use without any insights. Using analytics HR professionals will be able to derive insights by measuring the data collected and draw meaningful inferences to drive business decisions. This is a shift from traditional models to a more evidence-driven HR. It has also become a requirement for HR professionals to focus on being a proponent of employee experience as a more scientific and data-based process.

HR Analytics is quickly becoming a vital part of effective HR strategies. By utilizing analytics to look into patterns in all available data, HR professionals will be able to discover important connections that will allow them to become more effective at hiring and retaining the right talent. Such data will also help talent learn and grow within the organisation.

HR Analytics also allow organizations to predict future needs and how to utilize the talent opportunities available adapting to rapid changing business needs. Workforce and organization quality increases as HR professionals can conduct more effective studies on whether to filling an empty position or on-boarding a new employee. With organisations moving away from traditional HR model, and analytics shaping the workforce of the future, HR professionals are expected to have a deep understanding on HR Analytics to stay relevant.

DURATION

1 Day

COURSE OUTLINE

What Is Analytics?

  • Analytics Capabilities
  • Analytics Value Chain
  • Analytics Model

How Human Capital Analytics Is Being Used

  • HR Analytics Maturity Model
  • Types of analysis
    • Workforce Analytics
    • Employee Engagement Analysis
    • Employee Satisfaction Survey Analysis
    • Channel/Vendor Optimization
    • Succession planning
    • Retention /attrition
    • Recruitment process
  • Sources of data
  • Various approaches for turning data into information
  • Value Paths for Analytics projects

Financial Connections

  • Sample Case
  • Focusing on the Purpose
  • Working with Consultants and Coaches
  • Designing and Delivering Reports
  • Making an Impact
  • Process Management

Data Issues

  • Efficiency Measures
  • Effectiveness Measures
  • Business Outcome Measures

Predictive Statistics Examples

  • Begin with the End in Mind
  • Go Back to the Beginning
  • Who Owns Data, and Will They Share It?
  • What Will You Do with the Data?
  • What Form Is the Data In?
  • Is the Data Quality Sufficient?

Descriptive analytics

  • Basic Statistics
    • Looking at the data -Type of Variables
    • Visualizations-Types of charts
    • Data Exploration
    • Measures of Central tendency (best suited measure based on situation)
    • Measures of Dispersion
    • Correlation
  • Hypothesis testing
    • Comparison of Averages (T test ,Paired T test ,ANOVA )
    • Test of association (Chi square test)
  • Examples with MS Excel

Predictive Analytics in Action

  • First Step: Determine the Key Performance Indicators
  • Second Step: Analyze and Report the Data
  • Relationships, Optimization, and Predictive Analytics
  • Predictive Analytics
  • Interpreting the Results

Predictive modelling basics

  • Variable selection method
  • Pre requisite to Predictive Modelling
  • Fitting a Model to Data
    • Simple linear regression
    • Interpretation of Results
    • Assumptions Validations
  • Introduction to Multiple regression analysis, Stepwise regression

Pre-Requisite
NA

Certification

Participants will be awarded a Certificate of Attendance completion of the course.

WHO WILL BENEFIT FROM THE COURSE?

HR Analytics Essentials (HRAE) is designed for HR Professionals, Executives, Business Owners, and Anyone who are interested in HR Analytics, and how to implement HR Analytics in their organization.

Price:$ 595 plus taxes

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