Workforce 360° - AI enabled Dynamic blueprint of HR data
Transform your data into out-of-the-box people insights within 4 weeks
Since the average cost of hiring a new employee is 20%-33% (based on different research) tracking turnover rates across departments over time allows organizations to benchmark progress and assess the effectiveness of retention strategies.
Understand the true cost of employees going beyond direct costs but by factoring in indirect costs like benefits, training, and equipment. This helps identify cost drivers and helps pinpoint pain areas to improve operational efficiency.
A report by McKinsey, there is a substantial performance differential—48 percent—between the most and least gender-diverse companies. You can keep track of whether there is representation of diverse talent, support multi-variate diversity, and promote openness.
“Unchallenging work” is one of the top 5 reasons of employee exit. Are you leveraging your talent the right way? Find out by identifying the demand-skill gap which can be fulfilled through recruitment. Align headcount with project needs for efficient resource allocation.
Is everyone's performance optimal? Are they under/ overloaded? Based on the archetype the span of a manager can range ideally from 5-15 subordinates. How are you effectively tracking this? Are they eligible for promotion? Track everything in one place.
According to Gallup, low engagement teams typically endure turnover rates that are 18% to 43% higher than highly engaged teams. How satisfied and engaged are your employees? What are the areas wherein complaints are received? What's the eNPS?
Since the average cost of hiring a new employee is 20%-33% (based on different research) tracking turnover rates across departments over time allows organizations to benchmark progress and assess the effectiveness of retention strategies.
Understand the true cost of employees going beyond direct costs but by factoring in indirect costs like benefits, training, and equipment. This helps identify cost drivers and helps pinpoint pain areas to improve operational efficiency.
A report by McKinsey, there is a substantial performance differential—48 percent—between the most and least gender-diverse companies. You can keep track of whether there is representation of diverse talent, support multi-variate diversity, and promote openness.
“Unchallenging work” is one of the top 5 reasons of employee exit. Are you leveraging your talent the right way? Find out by identifying the demand-skill gap which can be fulfilled through recruitment. Align headcount with project needs for efficient resource allocation.
Is everyone's performance optimal? Are they under/ overloaded? Based on the archetype the span of a manager can range ideally from 5-15 subordinates. How are you effectively tracking this? Are they eligible for promotion? Track everything in one place.
According to Gallup, low engagement teams typically endure turnover rates that are 18% to 43% higher than highly engaged teams. How satisfied and engaged are your employees? What are the areas wherein complaints are received? What's the eNPS?
While 71% of companies see people analytics as a high priority, only 22% are currently applying analytics in HR, while some research shows that only 2% have the competence to back it
How we bridge this gap?
Interventions based on risk factors can reduce turnover by 15-20% & also predict potential departures
Track sentiment in real-time to improve satisfaction by 10-20%
83% of CEOs say HR analytics helps align with business goals better
Companies using HR analytics are 2.5x more likely top performers
Yes, with pre-built templates and trained algorithms we are able to provide actionable HR insights for your data in just three weeks. After the data is prepped we leverage two weeks for the program roll out and one additional week for training the end-users.
With an in-built data transformation layer, we automate the reporting structure via use of analytical dashboards for near to real time reporting. It as well as serves as a self-service data analytics platform enabling users to go beyond reporting.
The cost will be based upon the customizations you would need. Please contact us if you are looking to know more information
We understand that Data security for HR (Human Resources) is particularly crucial as HR departments handle sensitive employee information, including personal details, financial records, performance evaluations, and more. Therefore we ensure that all the information is securely hosted and security permissions for users will be provided as per your requirements only.
