As an HR leader, you’re supposed to make quick, well-informed decisions. However, the speed at which you’ll be expected to perform with blazing accuracy can be difficult to sustain. No matter how intelligent and intuitive you are, you may need the help of AI.
According to a Deloitte study, only 3% of over 6,300 leaders surveyed have enough information to make strategic workforce decisions. The significantly low percentage highlights the urgent need for better HR analytics solutions.
Automated HR reports continuously track and analyze key HR metrics. So, they can provide a reliable reference when making critical decisions. They can also provide recommendations that are backed by data.
Key Elements of an HR Report
An effective HR report should cover the following areas:
- Engagement & Satisfaction: Identify risks like increasing dissatisfaction and decreased productivity.
- Turnover: Analyze reasons for exits and strengthen employee retention.
- Employee Well-being: Monitor employee’s general health and prevent work burnout.
- Leadership Effectiveness: Measure leaders’ impact on their teams through checking various aspects.
- Career Development: Evaluate training programs and growth opportunities available to employees.
- Daily Work Experience: Assess workplace efficiency and satisfaction.
The above metrics provide you with an objective, no-bias foundation for making quick and strategic decisions.
Building a Data-Driven Company Culture
When you choose to automate HR reports, you promote a culture of fairness and objectivity. HR decisions are made by using data or facts, not by trusting mere gut feeling. Because of this, employees appreciate the consistent criteria. They also trust HR and their processes more, thus creating a positive environment.
So, automated HR reports do not only provide swiftly organized data to rely on for decisions, but they also improve the trust level employees have in their HR’s decisions.
Proactive, Not Reactive: Prevent Crises Before They Arise
Imagine your HR team stopping potentially critical issues before they cause permanent damage to your company.
Wouldn’t that be great?
Some issues that should be dealt with in a timely manner include declining satisfaction and engagement, early signs of burnout, and many other factors that may result in absenteeism and higher turnover.
When you use automated reports, you can deal with the issues when they needed to be solved, not when they have already escalated. You are equipped with the right data at the right time with the help of atwork.
atwork Health check can provide you what you need. It will address your key HR metrics and identify risks early so that you can implement targeted measures.
Company Health Check: Key HR Metrics at a Glance
The atwork Company Health Check reveals how HR metrics (e.g. stress management) and health indicators (e.g. leadership) can affect business KPIs like turnover. It provides you with data-driven analysis that can quickly highlight your company’s strengths and weaknesses. Because of the swift and precise delivery, you can quickly make strategic decisions to promote your company’s general well-being.
Health Indicators provide several insights into an organization’s performance and stability. The numerical data shows an objective look at various areas, such as leadership, professional development, and the daily grind.
Health Indicators Framework:
- Macro Level: (1) Organization
- Meso Level: (2) Leadership, (3) Relationships, (4) Employee Well-being
- Micro Level: (5) Employee Development, (6) Daily Job Experience
Understanding the Impact of HR KPIs on Business KPIs
The atwork Health Check uses the best of various leading research models to show how key HR KPIs can ultimately decide your business outcomes. It prepares a solid foundation for objective decisions.
These are the Six Key Health Indicators that were analyzed:
- Organization: Evaluates what the culture and structure of the company and its work environment
- Leadership: Measures the overall leadership quality based on perceived supportiveness, accessibility, and satisfaction
- Work Relationships: Assesses the quality of unity and collaboration in the workplace
- Daily Work Design: Examines the clarity of roles and the efficient use of individual skills
- Employee Development: Checks the employees’ career prospects, development opportunities and compensation, as they contribute to engagement and retention
- Employee Well-being: Analyzes the work environment’s impact on physical and emotional well-being
You can then say that atwork Health Check helps companies build employee trust and reduce turnover. As a result, a positive work culture is born and maintained. Challenges are proactively addressed by implementing target measures before things spiral out of control.
As the simplified graphic illustrates, factors such as leadership “supportiveness” and “leader engagement” directly impacts employee engagement and stress management. These HR metrics, in turn, influence overall company performance and employee turnover rates.
HR as a Key Success Factor
With tools like atwork, you can predict the impact of HR initiatives on critical business KPIs. This allows you to quickly identify both opportunities and risks.
It can quickly generate analyses from statistics entered by the HR. These numbers can create tangible and practical effects, such as preventing absenteeism by immediately identifying the threat of employee burnout.
People Analytics and HR Analytics enable HR to make transparent, data-driven decisions. Without the right tools, such data analysis and report generation will take too much time and effort. There is also the possibility of errors, with human minds trying to generate the reports as quickly as possible.
Automated HR reports handle this workload for you, capturing and analyzing relevant data to provide immediate insights into areas that require improvement. This lays the foundation for a fact-based corporate culture where decisions are objective and based on consistent criteria.
By quantifying the impact of HR initiatives, HR becomes a key driver of business success.
Unlock Your Data-Driven HR Strategy with atwork
Do you want to help your company reach its full potential? Then, it’s best to find a tool that can help you detect and prevent risks early and find ways to tackle current issues. Contact us today to schedule a demo with our team.
