Course Content:
INTRODUCTION
HR Analytics is the use of people-data in analytical processes to drive organisational success by evaluating and designing better systems and solving business problems. Critically, it enables evidence-based decisions to be made using data collected and synthesized from a variety of sources both within and outside the organisation. HR analytics uses people-data, collected by HR systems and business information systems within the context of the operating environment. At its core, HR analytics enables HR professionals and the organisation to gain insights into the performance of the workforce so that the investment in the ‘human capital’ brings improved performance, higher productivity and guarantees the organisation is ahead of the competition.
Course Objectives:
Understand the fundamental changes in the operating environment
Conduct analysis of data for predictive and corrective planning
Define the principles of organisational change
Use a range of HR assessment tools to improve organisational performance
Develop HR metrics, apply them and align them with organisational strategy
Course Outline
DAY 1
Overview of HR Data and Analytics
Seminar overview – Introduction to Analytics
The rationale for the evidence based approach
Understanding statistics - Probability and Significance
The nine steps of the analytics process
Aims of an analytics strategy
State-of-the-art analytics: Stages on the journey
DAY 2
The Concept of Human Capital
Viewing employees as assets not costs
Strategies for investing in human capital metrics
Measuring the impact of HR strategy and investments
Measuring ROI
Embedding human capital analytics in the organisation
Assessing the organisation's readiness for HR analytics
DAY 3
Data Collection and Analysis
Understanding the cultural context
What information can be analysed?
Methods of data capture
Employee self-assessment and self-report measures
Electronic workforce surveillance & analytics
Data security
DAY 4
HR Metrics and Analytics in Action
Recruitment & selection
Learning & development
Attendance, absence & well-being
Manpower planning
Talent management & succession planning
HR effectiveness and efficiency
DAY 5
Metrics for Employee Performance and Productivity
Performance management
Employee motivation
Employee engagement
The psychological contract
Empowerment and accountability
Conclusion and action planning
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