Anantara HR Analytics Prediction
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This document discusses the importance of HR analytics and its role in datafication across various business processes, emphasizing the need for predictive models to enhance decision-making. It highlights the shift from traditional metrics to advanced analytics, particularly in understanding workforce dynamics like employee attrition. Confidentiality and ownership of the document are reiterated, indicating its proprietary nature and the necessity for permission before dissemination.
Anantara HR Analytics Prediction
- 1. The information contained in this document is highly confidential and privileged. No part of this document may be copied or circulated without express written permission from Anantara Solutions Pvt. Ltd. This document is for discussion purposes only. HR Analytics Anantara Solutions Pvt. Ltd.
- 2. Copyright Anantara Solutions Private Limited 2017. All rights reserved 2
- 3. Datafication of HR is Inevitable Finance & ERP Consumer & CRM Talent, Leadership, HR ERP & Supply Chain Financial & Budgeting Logistics & Purchasing Customer Analytics (Data Warehouse) Customer Segmentation Market Basket Web Buying Behavior Recruiting Learning Performance Talent Mgt Workforce Planning Predictive Models For Talent/HR The Financial Economy The Customer Economy and Web The Talent Economy Early 1900s 1970s-80s Steel, Oil, Railroads Conglomerates Financial Engineering Customer Segmentation Personalized Products Globalization, Demographics Skills and Leadership Shortages 1950s- 60s Today The Industrial Economy Copyright Anantara Solutions Private Limited 2017. All rights reserved Ref : https://stkiblog.wordpress.com/2016/02/15/ 3
- 4. Metrics • A system or standard of measurement Analytics • The systematic computational analysis of data or statistics Moving from metrics to analytics Metrics Analytics • What is my headcount? • What are the key characteristics of top performers? • How many people did we hire? • What are our best recruiting sources for top performers? • How many people resigned? • Who of our top performers is at risk of leaving? Copyright Anantara Solutions Private Limited 2017. All rights reserved 4
- 5. Goal of HR Analytics Recruiting and Workforce Planning Compensation and Benefits Learning & Leadership Engagement & Assessment HRMS Employee Data Analytics IT Data Management Business Consulting + = Business Insights to make better decisions Copyright Anantara Solutions Private Limited 2017. All rights reserved 5
- 6. Total Cost of Workforce “Total workforce costs average nearly 70% of a company’s operating expenses.” - Society for Human Resource Management Copyright Anantara Solutions Private Limited 2017. All rights reserved 6
- 7. Example of Business Value created The scope was to determine how likely an employee is to leave by building a predictive model for employee attrition By building a predictive model with the different machine learning algorithms to compare which model was able to predict with better accuracy Copyright Anantara Solutions Private Limited 2017. All rights reserved 7
- 8. Representative HR KPI Dashboards 8Copyright Anantara Solutions Private Limited 2017. All rights reserved Experience vs Salary Satisfaction level vs Salary Average Monthly Hours vs Experience Employees Working vs Resigned Number of projects Worked Resigned EmployeeCount Experience in company (years) Resigned No. of projects vs Employees Resigned Years of Experience vs Resigned Worked Resigned
- 9. Questions? Mail us at analytics@anantsol.com Copyright Anantara Solutions Private Limited 2017. All rights reserved 9