What hands-on projects or real-world case studies are included in an HR Analytics Certification?
Technology and Digitalisation have encouraged organizations to gather more data than ever. However, these enormous amounts of data are only helpful if analyzed adequately. It has become a valuable asset for several departments in an organization.
The HR management teams in every organization face certain challenges. These challenges may lead to employee dissatisfaction and disengagement if not identified and addressed on time. In today’s information age, companies are leveraging the benefits of HR analytics to increase employee engagement, salary jumps, and track performance. With specialized forms of HR data analytics, human resources professionals can focus on essential resources that help shape effective HR policies.
A certified HR data analyst has an average annual salary of Rs.5,36,000. It goes up to Rs.14 lakh for a certified senior HR analyst. The HR analytics certification usually lasts 6 to 9 months, depending on your choice of HR analytics course provider. If you want to grow your career as an HR professional, consider taking an HR analytics certification that effectively helps you learn to leverage the power of analytics with a particular focus on the HR domain.
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What is Human Resource Analytics?
HR analytics involves gathering, analyzing, and reporting HR data. It is a data-driven approach to developing effective HR management practices and policies. HR data analysis enables the organization to measure the impact of various HR metrics on overall business performance.
It provides strategic data that encourages top management leaders to make data-driven decisions. In this age of constant disruption and uncertainty, HR professionals know how vital it is to make effective decisions to navigate the realities of the work environment. The goal is to turn data into information and information into actionable insights.
Hands-on Projects in Simplilearn HR Analytics Certification
An HR analytics certification is an excellent way to stand out from the crowd and upskill yourself in a competitive work environment. It enriches your HR expertise with new knowledge and ensures you are up-to-date with the latest trends. The specific projects or case studies may depend on the type of certification program or institution offering the course. The industry projects included in Simplilearn’s HR analytics certification are elaborated below.
Staff Productivity Analytics
It involves analyzing the employees’ performance data across different departments and identifying trends, patterns, and areas of improvement. For example, you can analyze the attendance pattern of the employees to understand various parameters that lead to unexcused absenteeism and decreased overall productivity and performance. It equips you with adequate practical knowledge to develop the metrics and dashboards that help track employee performance effectively.
Training Impact Analysis
It involves analyzing the organization’s historical data to identify the practices and policies that boost its performance. You get hands-on experience using the R- tool to assess the impact of organizational training. With the help of such projects, you start developing strategic workforce planning by identifying the talent demand and gap. You understand the skill set of the team members in different departments and create adequate training programs for upskilling or reskilling, thus leading to an overall increase in their performance.
Employee Hiring Strategy
With this project, you learn to analyze and predict the potential candidates with higher odds of joining your organization. High turnover rates lead to increased recruitment costs and lost revenue due to productivity loss and the onboarding process. By gathering historical data on over-hiring and under-hiring over prolonged periods, certified HR professionals can develop effective long-term hiring plans that benefit the organization. Efficient HR data analysis also helps develop strategies to streamline talent acquisition and recruitment.
Staffing and Business Strategy Analytics
There are multiple factors to consider when improving the organization’s bottom line. With the help of this case study, you analyze the current workforce practices and suggest recommendations to increase the overall profitability of a restaurant chain. You learn to optimize different factors such as staffing and operational costs, measure levels of employee engagement, and develop actionable insights for improving engagement levels within an organization.
Apart from real-world projects, other hands-on projects entail utilizing predictive modeling techniques to forecast future HR trends, like estimating workforce needs, forecasting training requirements, and predicting attrition rates based on current workspace policies.
Benefits of HR Analytics for Business
Investing time and effort into HR analytics can be daunting initially. However, the use of HR data analysis has increased over the past few years owing to outstanding results. The significant benefits are highlighted below.
Better Talent Acquisition
An HR data analyst consistently tracks vital metrics such as quality of hire, cost per hire, quality of talent source, etc. This process enables them to identify key growth opportunities using HR analytic tools and improve the function of talent acquisition.
Increases Staff Retention
HR analytics dives deeper into employee performance metrics and helps you uncover why your employees leave your organization. When you know the root cause of the problem, you can then work on increasing the staff retention rate in your organization.
Elevates Productivity
HR analytics can be used effectively to measure the ROI of each employee and track their performance. This tracking benefits the organization’s bottom line because you can identify the underperforming employees and offer them the necessary training support.
Uncovers Skill Gaps
With the help of data visualization and automation, an HR data analyst can identify the skill gaps within your teams and take corrective measures to shorten those gaps.
Cultivates Higher Trust Among Employees
When employees experience a great work environment with streamlined workflow processes, it increases the trust factor among them, thus leading to better performance, superior work culture, and an improved retention rate.
Conclusion
Professionals trained in HR analytics become a valuable asset to their company to improve human capital and overall employee performance. A prime objective of an HR analytics course is to help you measure the impact of HR policies on the organization’s bottom line. Because of its promising results, HR analytics is bound to stay and give rise to numerous job opportunities. An HR analytics certificate will give you a distinctive advantage in creating a flourishing career in Human Resources Management.
