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HR – Human Resource Analytics

HR analytics turns people and business data into actionable intelligence. The central objective of HR Analytics is to improve the decisions we make relative to human capital investments, talent management, and HR management by gathering information about what has the greatest impact on business results. Enabling business success through the alignment and optimization of workforce performance is the largest payoff.

We can know whether to bolster training programs, tweak our benefits and compensation plans, or hire into or terminate from key talent pools. We need not turn to across-the-board cost cutting measures and reductions in staff and services. We can sift through far more data and crunch many more numbers to determine who is performing well, who will be needed, where will they be needed, with what skills, and at what cost.

HR analytics enables not only a view of the workforce today but offers true insights that can drive talent-related decisions and actions, resulting in improved performance in the future.

Workshop – Benefits: –

  1. To understand how People HR Analytics is beneficial to organization’s performance & productivity
  2. To project compensation benefits plans for roles and work levels
  3. To identify targeted training, development & retention programs
  4. To clearly identify hire worthy talent pools
  5. To translate employee engagement scores for business performance
  6. To look at individuals who are achieving their performance goals and see which of them have the competencies needed for today and tomorrow to build a competitive workforce
  7. To understand the stages in absorption of HR Analytics in HR

Methodology: –

  1. To understand sources and types of data
  2. To understand how HR Analytics can be used for making business decisions
  3. Using basic statistics for HR Analytics
  4. Interactive session with practical scenarios
  5. Best practices in HR Analytics
  6. Practical examples
  7. The following datasets are used for the practicals: –

i) HR Satisfaction scores across regions

ii) Forecasting for Employee costs using data of 2 years

iii) Prediction model for salary

iv) ROI on training

Course Outline: –

Module 1: HR Measurement and Introduction to HR Analytics

  • Explore how metrics are used to measure results in HR
  • Process vs Outcome • Efficiency vs Effectiveness • Lead vs Lag
  • Learn to configure success measures based on human capital strategy to measure business impact
  • Explore how business can deliver on business outcomes by leveraging on analytics
  • Analyze the business impact of HR analytics in real business situations
  • Develop an understanding on the 3 main types of analytics and their appropriate usage in different HR areas • Descriptive Analytics • Predictive Analytics • Prescriptive Analytics
  • Refresh basic statistics knowledge and understand the key statistical tools needed for effective use of analytics

Module 2: Data Analysis, Visualization and Critical Thinking Insights

  • Introduction to the key skills to drive data analysis critical thinking and storyboarding
  • Frame critical questions to build critical thinking capabilities and apply them in different HR areas
  • Learn about the various data visualization techniques and their effective utilization
  • Create early awareness on the common pitfalls associated with data visualization
  • Understand the process of forming appropriate hypothesis
  • Develop skills to analyze data holistically and draw out trends and insights
  • Understand the art of communicating insights through effective storyboarding
  • Learn to build effective story boards and use them to influence stakeholders and build buy in for your endeavors

Module 3:  Implementing HR Analytics

  • Comprehend the features of a data driven organization
  • Gain insight into best practices across the HR analytics life cycle
  • Deconstruct the power of big data
  • Create effective HR dashboards to communicate results

Timings: –

 9:30 am – 5:30 pm , Registration begins at 9:00 am

How to Register: –

  • Fees: Rs. 8,650/- +15% service tax per person.
  • Please write to-  register@princetonacademy.co.in/ Call -022 66976892/ 66976874
  • Cheque Should be in favor of PRINCETON ACADEMY MUMBAI II PVT LTD
  • Kindly register in Advance – Mention the name of participant, company, contact details
  • Fees include lunch, tea, course material etc.

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Timings: –

 9:30 am – 5:30 pm , Registration begins at 9:00 am

How to Register: –

  • Fees: Rs. 8,650/- +15% service tax per person.
  • Please write to-  register@princetonacademy.co.in/ Call -022 66976892/ 66976874
  • Cheque Should be in favor of PRINCETON ACADEMY MUMBAI II PVT LTD
  • Kindly register in Advance – Mention the name of participant, company, contact details
  • Fees include lunch, tea, course material etc.