Human resource management is a never-ending job, and – in order to do it right – you need to have the right information to make the right decisions. While human resource management systems (HRMS) can help you manage the area of human resources, they cannot provide HR managers with the information they need to make the important decisions (such as hiring and firing). In order to obtain the right information and insight to make the right hiring decisions, companies need to incorporate business intelligence into their HR strategies and systems.
In order to do so, companies need to renew their focus on analytics across the whole organization. As big data continues to play a larger role in all parts of the business, it is crucial that business professionals in all departments know how to harness insight using business intelligence tools. According to recent research, only 27 percent of HR workers consider themselves an expert in data analytics. Half of the survey participants claim to only have a basic knowledge of analytic tools, and 23 percent claim to have no skills at all when it comes to analytics. This means many companies have some work to do when it comes to implementing analytics tools into their HR departments.
HR management is only going to get more complicated as the business world progresses, and your employees will need the proper tools to help them make the right decisions in all situations. Business intelligence can help your employees understand the unique needs of your business and determine the type of job candidates needed to address the weak areas within your company. Once they understand how to obtain value from business intelligence tools, your HR managers can begin solving problems such as talent shortages, failure rates, and attrition rates to create an efficient hiring strategy.
If you’d like to learn more about how pairing business intelligence with your human resource management system can improve your hiring strategy, download our whitepaper, “The Data-Driven HR Organization”.
If you are in the market for a human resource information system (HRMS), give us a call today! No matter where your business is located – Austin, San Antonio, Dallas or Boise – we can help set you up with the right HRMS solution so you can begin making the right HR decisions. Read up on Sage HRMS software (formerly Sage Abra) today and contact us when you’re ready to discuss your need for an effective human resource management solution.