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People Analytics
People analytics is a specific type of data that includes information about employees and talent within an organization. Gathering and analyzing talent information helps companies make the most of their HR efforts by allowing them to help employees develop in a way that facilitates their business goals. It's important to distinguish between people analytics and HR reporting. The best use of people analytics accomplishes cost savings and increased revenue by optimizing workflows and teams, improving the employee experience, and increasing productivity.
What Small and Midsize Businesses Need to Know About People Analytics
People analytics help SMBs and organizations understand employees on a level that can reduce turnover, promote pay equity, increase diversity, and optimize workforce planning.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
