Welcome to 2020! Everyone is waiting for the flying cars we saw in the movies and the robots taking over the world right?
Well, there’s great news! People Analytics is a topic that keeps rising and keeps taking interest in more searches this last decade, take a look at this Google Trends chart so you know it’s real.
In case you’re wondering People Analytics is often referred to as Talent Analytics or Workforce Analytics and HR Analytics too.
So this means more CEOs are interested in keeping track of their employee’s experience to understand their employees and retain their best talent because as we’ve been saying this last decade: Happy employees mean a happy work environment and of course better productivity.
Let’s take a look at these 4 HR trends in Employee Data Analysis for 2020.
1. Better Onboarding Processes
Employee Experience is everything!
When you are in a cozy atmosphere and you’re getting to know your new team and having a great experience, that’s the key moment that will always remain in your mind.
After all, the company invested time and money to have the best talent and must retain it by giving you memorable experiences that you can only find on your new team!
2. The ethic charter in the use of People Analytics and AI
As David Green says in his article: “Ethics Charter to mitigate risk around the use of people data and drive benefits to the workforce becomes a prerequisite”.
Accenture research says 92% of employees are open to the collection of data about them and their work, but only if it improves their performance or wellbeing or provides other personal benefits.
Using the data you collected not only for making better decisions but also as feedback for your employees can improve their performance.
3. Gain insights about failures and wins
With the data you collect from using People Analytics, companies can analyze failed starters (employees who leave within 12 months after hiring) and compare it to people who have been working more than 12 months at the company.
As Kate Rodriguez says in her article “By analyzing data from these employees and the managers who hired and supervised them, a company gains insight on which managers may need coaching for making hiring decisions, what triggers new hires to leave (e.g., problems with selection, onboarding or development), and the best recruitment channels.”
4. A great work environment attracts the best talent
If you hear one of your friends saying “I love my job”, “ I love my company” it totally gets your attention and you ask: where do you work at?
A member of your team giving a referral about your company is the same as a customer giving referrals about your brand, the difference is that your employee can bring more talents interested in working in your company.
This gets tricky in larger companies, it’s not easy to know if they have a general “work environment” as trouble can maybe be in just one office or just one team, and it’s here where People Analytics can help you, tools such as Moodbit (https://mymoodbit.com) can help you identify those teams that are not interacting well and help you identify the best talents and influencers you have in your team and increase retention and engagement.
What trends do you think we’re gonna have this 2020? Write it in the comments!
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