Human resources is just one of the industries generating more data than ever before. But many HR professionals are having trouble turning all of this data into meaningful insights.
This article has great advice about how to create systems which maximize the potential of your company's data sources.
- Understand the capabilities you require as an organization, then record how many of these capabilities you have onhand among your existing staff.
- Focus on capacity, or the amount of useful work an individual or a department could perform, as well as the time and effort spent doing other things.
- Learn about your company's employee churn, or the process of hiring, training, resigning, and firing. The slower the churn, the better.
Understanding these numbers can cut down on costs for years to come. The linked article has more helpful data practices, all of which will give HR a more fundamental understanding of their company, past, present, and future.
Read full article at Forbes.