HR Analytics Gives Alabama Firm Better Insight - InformationWeek

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HR Analytics Gives Alabama Firm Better Insight
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Ashu001
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Ashu001,
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6/8/2015 | 12:54:24 PM
Re: Capital Intensive and Human Capital Intensive
Curt,

My Personal feeling is that most HR Executives already have a great deal of inkling of what those solutions are;its just that (as you again rightly mention) are the Senior Execs/head honchos willing to listen?

My best guess is when they see either rising numbers of work-stress related casualties or folks leaving en-masse(as is happening in the Financial Services Industry recently);they will be forced to listen.

Human Life is precious.

Very-very precious.

 

 
Ashu001
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Ashu001,
User Rank: Ninja
6/8/2015 | 12:07:00 PM
Re: Capital Intensive and Human Capital Intensive
Brian,

WoW!

You raised a brilliant-brilliant point here(regarding Labor leisure curves).

I wonder how many folks around look at this issue in the same fashion?

Putting in place accurate ,relevant and cost-effective Analytics solutions is beyond imperative here.

Maybe some of the Informationweek Whitepapers on this issue can help us solve this predicament?

Regards

Ashish.

 
Ashu001
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Ashu001,
User Rank: Ninja
6/8/2015 | 11:54:06 AM
Re: Automation tasks
Gary,

I share your doubts about this company's HR Process as well.

Wonder if its doing things the right way now.

 
Ashu001
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Ashu001,
User Rank: Ninja
6/8/2015 | 11:49:30 AM
Re: Capital Intensive and Human Capital Intensive
Brian,

Whether rightly or wrongly there is a tremendous perception of lack of value imparted to Enterprises by HR Departments(outside of the traditional Hiring/Firing cycle) especially in SMBs.

Most SMBs typically tend to outsource these jobs as well to 3rd party contractors/consultants or the owner will do most of the work himself/herself.

If any enterprise (in this space) has to spend more than $1000/employee/year for HR Management ;they are clearly doing something very-very wrong

 
Gary_EL
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Gary_EL,
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6/5/2015 | 9:57:37 PM
Re: Automation tasks
If she needs to spend several 10's of thosands of dollars to get a handle on 76 people, then that's the first problem someone needs to analyze.
Brian.Dean
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Brian.Dean,
User Rank: Ninja
6/5/2015 | 6:38:31 PM
Re: Capital Intensive and Human Capital Intensive
@Curt that is an extremely interesting point. The backward bending supply curve of labor states that as wages cross a certain point, workers begin to substitute work hours with leisure time.

Like you said, it would be extremely interesting to know if productivity per hour is higher as employees substitute leisure time with work time to increase their income or whether, productivity per hour is higher as an employee substitutes work time with leisure time.

It would be better if analytics of this type was performed on individual businesses and applied rather than, on entire economies and the results applied to an individual business because, each business is unique and its employees are also unique.
kstaron
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kstaron,
User Rank: Ninja
6/4/2015 | 5:37:43 PM
Automation tasks
My first thought here is that she needed to have a 77th person hired to automate this kind of thing so it's not some kind of spreadsheet deal. It's kind of sad that with that many people there was no one to help her in house with some basic tracking software. It's good she found a third party solution, though I wonder what the expense of that is versus a guy in the IT department for that and other automation tasks?
Curt Franklin
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Curt Franklin,
User Rank: Strategist
6/4/2015 | 1:39:52 PM
Re: Capital Intensive and Human Capital Intensive
@Whoopty, I agree that it would be most interesting to see how closely employee satisfaction tracks compensation. I think it would be even more interesting to see whether employee happiness really does start to level off after a certain level of compensation, or whether there are alternative sorts of compensation (like time off) that have a greater impact than simple pay level. I strongly suspect that HR pros are about to start learning some intriguing lessons as analytics advance: The real question is whether corporate executives will pay attention.
Curt Franklin
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Curt Franklin,
User Rank: Strategist
6/4/2015 | 1:35:48 PM
Re: Capital Intensive and Human Capital Intensive
@Brian.Dean, much of the historic analysis of HR data has centered on increasing the value of the "human capital" that makes up the workforce -- factors that include, as you note, certification, training, and so on. Now, HR professionals have begun paying attention to many more factors and the HR analytics software has started to reflect that.

It's interesting to see the degree to which "soft" factors like employee satisfaction can have an impact on very hard numbers like productivity and employee churn. I suspect that we're going to see a number of companies paying much more attention to employee satisfaction as the anaysis shows the correlation between happier employees and better company financial results.
Whoopty
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Whoopty,
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6/4/2015 | 7:33:13 AM
Re: Capital Intensive and Human Capital Intensive
It would be interesting to compare the analysed HR stats of companies like the few recently which have announced employer funded wage bumps for all employees up to a more acceptable level, versus those that haven't done that. I imagine it would show a significant productivity and employee happyness improvement when working for a much more competitive pay check. 
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