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The Human Resources (HR) department is the backbone of any company.
The responsibilities of HR teams are not limited to managing employee data and ensuring compliance but also to look after the strategic decision-making process.
Data analytics has made it possible for HR professionals to streamline their operations and improve the efficiency of HR processes.
Data analytics plays a vital role in HR operations by providing valuable insights into
- Employee behavior
- Engagement levels
HR data analytics will help you better understand your workforce to make data-driven decisions that will positively impact your bottom line.
One area where data analytics has the potential to revolutionize HR operations is performance evaluation.
Performance evaluation is an integral part of HR workflow.
It helps managers identify top performers and underperformers, assess training needs, and determine rewards and compensation.
Today, we will discuss the role of data analytics in HR operations, specifically in performance evaluation, and why HR people need to embrace data-driven decision-making to improve overall performance.
Traditional Methods of Performance Evaluation
Performance evaluations have been conducted through traditional methods, such as:
- Annual performance reviews
- Rating system
Annual Performance Reviews
Annual performance reviews involve a meeting between the employee and their manager to discuss their performance over the past year.
This method often involves a rating system or a set of performance criteria to assess the employee’s performance.
While this method can provide valuable feedback, it is infrequent and time-consuming.
Another traditional performance evaluation method is the rating system.
It involves assigning a numerical rating to employees based on their performance over a specific period.
This rating is often used to determine rewards, promotions, and terminations.
However, this method is too subjective and lacks specific criteria for evaluation.
So, these are some old methods to evaluate the performance of employees.
While these methods are widely accepted, however, they have also been subject to criticism for being
- Prone to errors
- Demotivating for employees
As a result, many companies are now switching to more modern performance evaluation methods, such as data analytics and continuous feedback systems, to enhance their employee assessment processes.
HR Data Analytics and Performance Evaluation
HR data analytics means using data analysis techniques to fetch insights and make informed decisions about various HR processes.
It involves collecting, analyzing, and interpreting data related to employees, HR policies, and organizational performance.
The benefits of HR data analytics are numerous, including
- Better decision-making
- Increased efficiency
- Reduced costs
- Improved employee engagement
Regarding performance evaluation, HR data analytics can revolutionize the process by providing objective insights and eliminating biases.
Personal biases or emotions can influence traditional performance evaluation methods as they rely on subjective assessments by managers.
With HR data analytics, however, performance can be evaluated based on objective data such as:
- Employee productivity
- Job performance metrics
Using objective data, HR can identify high-performing employees, pinpoint areas where employees need improvement, and create customized development plans to help employees grow professionally.
Using objective data in performance evaluation can bring fairness and accuracy to the system.
By leveraging HR data analytics, companies can achieve greater efficiency, effectiveness, and competitive advantage in a rapidly changing business environment.
Types of HR Data Analytics in Performance Evaluation
The below infographics will show you the various types of HR data analytics in performance evaluation.
Measuring KPIs For HR Data Analytics with Workstatus
Workstatus can measure employee productivity by tracking time spent on tasks and projects.
It can provide insightful reports on employee work hours, time spent on individual tasks, and productivity trends over time.
This information can help companies optimize employee workloads and identify areas for improvement.
- Productivity meter
- Idle time tracker
- Automated performance reports
- Productivity graphs
Workstatus can track employee attendance by monitoring when employees clock in and out of work with the help of a selfie verification technology.
It enables you to eliminate the issues such as:
- Manual errors in calculating payroll
- Time thefts
- Buddy punching
Furthermore, it will help you to identify absenteeism patterns, calculate the cost of absenteeism, and create policies to improve attendance.
- Automatic clock-in and clock-out
- Attendance reports
- Leave management
- Automated calculation
Workstatus can measure employee engagement by providing a comprehensive view of employees’ daily activities, timesheets, and productivity patterns.
The software can also track employee activity levels and provide insights into how engaged they are in their work.
It can help companies improve employee satisfaction and retention.
- Active screenshots
- Website & App Monitoring
- Activity tracker
- Timed reminders
Workstatus can track employee overtime hours by accurately tracking time spent on any project.
It can also provide reports on the total time worked by individual employees or teams.
This data can help companies manage labor costs and ensure compliance with labor laws.
- Automated timesheets
- Time tracker app
- Timesheet approval reports
Workstatus can help with resource management by providing insights into how employees are allocated across different tasks and projects.
It can also help managers identify areas where resources may be over or underutilized.
This data can help companies optimize resource allocation and improve project efficiency.
- Automated shift planning
- Shift notifications and reminders
- Absent alerts
- Real-time employee availability
Getting Started With Workstatus
Here’s a step-by-step guide to help you get started with performance tracking in Workstatus:
- Visit the official website of Workstatus.
- Create your account by providing your name, email address, and password.
- Log in to your Workstatus account.
- Click on the “Reporting” tab at the left of the dashboard.
- Select the type of report you want to generate (e.g., Weekly, Attendance, Time & Activity).
- Choose the member or team you want to generate the report for.
- Select the date range for the report.
- Choose the format you want to export the report (e.g., PDF, CSV, Excel).
- Click on the “Download” button.
With Workstatus, you can quickly and easily generate custom reports to keep track of the performance of your employees.
HR data analytics can revolutionize performance evaluation by providing insights into employee productivity, absenteeism, engagement, overtime hours, and resource management.
It’s time to harness the power of HR data analytics and unlock the full potential of your workforce.
By leveraging tools like Workstatus, organizations can optimize their workforce, improve employee satisfaction and retention, and ultimately, drive success.
Ques. What is HR data analytics?
Ans. HR data analytics collects, analyzes, and interprets HR-related data to make informed decisions and strategies to improve organizational performance.
Ques. What is Workstatus, and how does it help with HR data analytics?
Ans. Workstatus is a software platform that helps HR professionals track employee productivity and performance. It provides real-time insights into employee activity and helps identify opportunities for improvement.
Ques. Is it difficult to implement HR data analytics with Workstatus?
Ans. It depends on the organization’s existing systems and processes. However, Workstatus is designed to be user-friendly and easy to integrate with other project management tools, making it a relatively straightforward process.