HR Analytics - Concepts and Tools for Effective Decision -Making Course

Objectives:

By the end of the program, participants will be able to:

• Provide a thorough understanding of modern Talent/HR analytics.
• Leverage HR data to make more insightful business decisions.
• Apply basic forecasting tools.
• Transform HR into a strategic function.
• Shift the attention of HR managers and practitioners from just ‘running’ or ‘managing’ their HR departments to that of ‘predictive management’ using the modern tools of talent/HR analytics.
• Apply processes of modern Human Capital management to take HR to new levels of sophistication and integration.
• Optimize and synchronize the delivery of HR services.
• Get acquainted with best practice examples of organizations using talent/HR analytics

The Content:

Day One:

Introduction to HR Analytics

• The Meaning and Power of Analytics
• Big Data and HR
• The Purpose and Uses of HR Analytics 
• Needed Skills and Common Pitfalls to Avoid – The Analytical Leader
• Trend and Regression Analysis 

Day Two:

Managing Tomorrow, Today

• The Language of Metrics and Analytics
• The Evolution of Data Analysis
• Moving from Prescriptive to Predictive Analytics
• Lagging and Leading Indicators
• What we Know about Tomorrow
• The Future of Talent/HR Analytics

Day Three:

Human Capital Management Model for Managing Tomorrow, Today

• The Four Processes of Predictive Modern Human Capital
• Scanning the Market and Managing the Risk
• Turning Data into Business Intelligence
• Avoiding Common Metrics Mistakes
• The Levels of Metrics
• Applying Metrics and Analytics to Make a Difference

Day Four:

Big Data Applications in HR

• Using Predictive Analysis to Attack Long-Term Turnover and Productivity Problems
• Using Predictive Analysis to Improve Staffing and Retention
• Exploring Data that Indicates How Leading Companies Retain Core Talent in Critical Functions
• Exploring the Impact of Education Level of Employees in Core Functions on a Business’ Market Performance

Day Five:

Examples of Organizations Using Talent/HR Analytics

• Employee Engagement
• Sales
• Employee Absenteeism
• Retention
• Incentives
• Leadership