Corporate social responsibility is a broad concept that can take many forms depending on the company and industry. Through CSR programs, philanthropy, and volunteer efforts, businesses can benefit society while boosting their brands. For a company to be socially responsible, it first needs to be accountable to itself and its shareholders. Companies that adopt CSR programs…
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental. Engaging in CSR means that,…
Benefits: Predictive HR analytics enables organizations to become proactive in their use of data. Instead of fixing past problems, organizations can create a future that prevents problems and solves future challenges before they even happen. This can save on future costs, both in revenue, goals, and productivity. Challenges: Predictive HR analytics requires a level of skill, technology…
Let’s take a look at how predictive analytics can be used: TurnoverWith predictive analytics, an algorithm can be devised to predict the likelihood of employees quitting within a given timeframe. Being able to flag which employees are at risk enables organizations to step in with preventative measures and avoid the cost of losing productivity and…
Advanced statistical techniques are used to create algorithmic models capable of identifying trends and future behaviors. These future trends can describe possible risks or opportunities that organizations can leverage in long-term decision-making.
Predictive Analytics analyzes historical data in order to forecast the future. The differentiator is the way data is used. In standard HR analytics, data is collected and analyzed to report on what is working and what needs improvement. In predictive analytics, data is also collected but is used to make future predictions about employees or HR…
HR analytics is fast becoming a desired addition to HR practices. Data that is routinely collected across the organization offers no value without aggregation and analysis, making HR analytics a valuable tool for measured insight that previously did not exist. But while HR analytics offers to move HR practice from the operational level to the…
Here are some examples of specific metrics that can be measured by HR:
Understanding the process of HR Analytics HR Analytics is made up of several components that feed into each other. Let’s take a closer look at how the process works: 1. Collecting data Big data refers to the large quantity of information that is collected and aggregated by HR for the purpose of analyzing and evaluating…
How can HR Analytics be used by organizations? Let’s take a look at a few examples using common organizational issues: 1. Turnover When employees quit, there is often no real understanding of why. There may be collected reports or data on individual situations, but no way of knowing whether there is an overarching reason or…
