Workforce analytics can prove to be a game changer for your company and is a data-driven process of identifying, acquiring, and maintaining human resources at each step from hire to retire in order to ensure judicious decision-making.
Managing a company-wide workforce and tracking employee performance and engagement while fixing retention issues can be daunting.
However, with the tools of data analytics and HR Management firms that specialize in the employment of these data analytics, you can make an informed decision that is based on solid grounds and intensive research.
Eliminate prejudice, ensure productivity- use workforce analytics and make decisions that you won't regret!
Data interpretation is a smart tool to identify problems and implement solutions.
With coherent and concise information about the workplace, it is easier to mark areas that need to be worked on and implement strategies to resolve these problem areas.
Using workforce analytics, you can easily assess the company's requirements and make decisions in the direction of a better work environment.
Data technology extends to a variety of fields and helps manage the workforce at all levels and during each phase of their service, from salary analytics and bonus analytics to productivity analytics and engagement analytics.
Workforce analytics is indispensable for smooth workforce management and is a powerful tool for employee administration.
Talent acquisition and retention require close scrutiny of the existent talent pool and careful management of potential candidates.
The criteria for selection must be formulated according to the company's vision and requirements that can be derived via a careful examination of its organizational data.
The wonders of data analytics help you with
Workforce analytics are also a great way to boost employee engagement by keeping track of your company's productivity, identifying its potential and suggesting learning and development programs and courses for the employees as per your company's needs after careful examination of the data collected.
It can also help you manage your employee attrition using data analysis and technology. Data analytics will help you with the evaluation of your company's dropout ratio, maintaining a record of the number of people who accepted or declined a particular job role in your company, tracking the longevity of service after joining the position and evaluating dropout candidates against key factors like gender, age and location to identify attrition issues and resolve them for better retention of talent.
Workforce analytics is the best way to undertake a root-cause analysis of your company's problems and undertake measures to fix these issues.
These problems can be resolved by taking actions like conducting interviews at every level- from entry to exit- and producing data after these interactions for further evaluation.
Use of data can also be made to identify organizational trends and analyse engagement levels of the company and help drill down further to a particular unit or department in the company to get to the root cause of the problem.
Data analytics can help your company devise action plans based on a deep and detailed analysis of the problem situation.
Keeping a close eye on workforce analytics will keep your company be prepared in advance for any future issues that may arise due to a shortage of resources or disruption in its supply.
With the power of data, it would be possible to predict the trajectory of the company's growth and maintain a steady supply and equal distribution of resources at all times.
Apart from optimizing the company's regular performance, workforce analytics will also help you in undertaking succession planning.
Being informed in advance of your company's future staffing needs, you can use the database to maintain factual records of employee performance and competence, enabling you to choose the best internal successor when the need arises.
Using workforce analytics you can minutely observe company performance and rectify the causes that are acting as an impediment to the organisation's growth.
Making use of the data gathered, you can always plan better and identify departments in your company that are displaying a declining growth graph and address issues related to productivity and performance.
We recommend using workforce analytics to review how well aligned the employees are with your company's vision and use data to close the gap between your company's goals and workforce performance.
Workforce analytics is a great way to focus on every level of your company, evaluating strengths and weaknesses of your organisation regularly to ensure increased productivity and unbridled growth.
Professional HR Management firms like Shrofile use HR analytics to help your company with management of workforce at all levels.
Using data to enhance workforce management and making HR Management smoother and efficient, Shrofile works to foster connectivity, interest, and inspiration within your company.
We help you get the most out of your workforce while fostering an ideal work environment by reviewing important data regarding training and development, employee engagement, salary hikes, promotions, leaves, and more.
Using this information, we launch action plans that work at the root of these causes and enhance the productivity of your company.
Ready to utilize the power of data for improved company performance? Contact us today!
As an entrepreneur, I was so obsessed with product and marketing that I had scant time to think of the most important resource in any organisation - its people. My engagement with Neha Lal, and her team at Shrofile, in 2021 has resulted in a complete transformation in the way I think - In our people and HR processes, and in the culture of our company. Neha gives a project 150%. She goes that extra mile, even after the engagement is over, to ensure that the change she intended to bring about is enduring. Her biggest differentiator is that she tailor makes her solutions to address the different needs and gaps in each company’s journey. Her approach is highly personalised, very creative, passionate and extremely thorough. She has engineered a profound transformation in our company - the results of which are already apparent just 6 months after her engagement ended. I met Neha as a consultant, but now she is a friend, mentor and true supporter of our brand. Thank you Neha and Team Shrofile!
"We have been using Shrofile for overseas hiring. Shrofile has enabled us to screen candidates located across 10 countries and share their video interviews with evaluators / interviewers based in UK and India. We are dealing with multiple time zones and geographies. Shrofile asynchronous video interviewing platform has made it super easy for us. Candidates can respond when they want from any location; we can review them at our own convenience. The platform works seamlessly. It's self serve and the interface is simple and intuitive.
" STL used Shrofile's video profiling tool for our campus connect program and it helped us drastically reduce time, cost and efforts to screen students via traditional ways. We set up a few questions for candidates to respond & the candidates were able to respond to them through short videos. During the entire process there were no logistical challenges, no travel involved, no synchronisation of calendars. Each candidate got a fair chance and we got a very good gauge of their personality and communication. Since the pre-determined questions were same to all, the interviewer panel could track relative performance and compare making it more consistent and have same playing field across. Shrofile can change the way we hire today!"
"We used Shrofile at Shopclues for our internship hiring. We had a flood of applications and it was difficult for us to scan through so many profiles. We approached Shrofile for enabling the hiring process through their video interviewing platform. We got very good feedback from the candidates about their experience with Shrofile. We were able to swiftly shortlist and close the open positions. We could customise the questions and evaluate each candidate. The platform is completely self serve and easy to use. Shrofile also helped us position the process of interviews as innovative one and created the much needed buzz.
"Being in the recruitment industry for more than 20+ years, I have seen many innovations. I believe Video is the future. Shrofile is a platform I endorse for asynchronous video interviews, personality gauge of candidates and candidate engagement. Using Shrofile, the world of hospitality can go beyond a resume to understand the personality of individuals and gauge fitment. "
I love the platform! It really helped me show-off my personality to companies. The topics on the app enabled me to talk about my experiences in a structured way. The video recording process is simple as it allows camera shy people, like me, to talk about themselves. Can't think of any other platform which would enable me to showcase my soft skills in such a cool manner.
Honestly, I did not expect an Indian startup to build something of this sort. It's a brilliant app and allows me to showcase those aspects of my personality which I've never been able to. The video making process is also fun, keep up the good work guys.
Shrofile has given me a way to express who I really am. Video monologues project the personality of every individual and enables the viewer to experience the magic of one's personality. Creating videos and introspecting is something I look forward to everyday!
Workforce analytics is an advanced set of data analysis tools and metrics for comprehensive workforce performance measurement and improvement.
A Workforce analytics can prove to be a game changer for your company and is a data-driven process of identifying, acquiring, and maintaining human resources at each step from hire to retire in order to ensure judicious decision-making.
HR analytics (also known as people analytics) is the collection and application of talent data to improve critical talent and business outcomes. HR analytics leaders enable HR leaders to develop data-driven insights to inform talent decisions, improve workforce processes and promote positive employee experience.
Given the complexities of managing individuals and teams, the use of workforce analytics helps shift the perspective of HR management from general qualitative observations to quantitative and data-driven processes.
HR Metrics and Workforce analysis is a useful strategic tool for HR which shares information and evidences about the functioning of the entire system by relying on facts and figures, as opposed to mere assumptions or personal opinions.
HR analytics, also known as people analytics, workforce analytics, or talent analytics, revolves around analyzing people problems using data to answer critical questions about your organization. This enables better and data-driven decision-making.