Unleashing The Power of Your HR Analytics

The right timing in business can change everything. When it comes to hiring practices too, better insights into bottlenecks within existing HR processes can help hiring managers plan a more impactful hiring strategy while also helping to deal with or prepare for unforeseen circumstances.

To get a more rounded helicopter view of the actual state of your hiring operations, it is becoming crucial for hiring leaders to focus on using powerful HR analytics to help spot underlying problems, optimize processes and have a unified view on existing talent databases.

HR Technology News: Alegeus Survey: Consumers Primed For HSA Education

Here’s why HR teams need to rely more on Analytics to drive their output

Visualizing your Hiring Funnel Across Multiple Roles

Sophisticated HR analytics platforms are not only meant to improve and drive talent acquisition process. Easy access to centralized dashboards via these platforms allows the entire hiring team to have a better view of current vacancies and current candidate conversations across those vacancies.

For companies who have hiring processes that involve multiple interview rounds with multiple leaders across the hierarchy, centralized databases and systems allow multiple business stakeholders the right visibility into HR and Operational issues connected with talent acquisition.

Improving Candidate Conversations

Having candidates drop off halfway during the recruitment and testing process is one of the challenges hiring managers are often faced with. A centralized HR platform that logs in the email or other communication between the hiring team and the candidate can provide senior leaders better visibility into the actual state and health of those candidate conversations. When business leaders identify where in the conversation most candidates seem to be dropping off, it will allow them the right input to further optimize the stages in their company’s hiring process to address this issue with the goal of minimizing the number of failed candidate conversations.

Assessing Past and Present Hiring Results

To regularly assess the health of your hiring system and how the team is progressing, comparing hiring performance from different time periods is important to help understand any increase or decrease in sourcing numbers or applications for vacancies.

Improving Processes Based on Actual Candidate Feedback

A feedback loop is a great way to understand problems in any current business process and then work on ways to improve the situation. There are times when certain candidates for certain roles may not feel like as though they have been evaluated correctly or they may feel that a big bias exists in your hiring system. By being open to actual candidate feedback, hiring managers can choose what part of their processes needs to be realigned to create a better candidate journey and hiring experience.

HR Analytics Powers Better Decision-making in Overall Hiring

A powerful HR analytics platform is built to provide insights and real-time intelligence through rich dashboards. This high end overview of your complete hiring process across its various stages gives hiring leaders a deeper dive into technical issues and real-time data with better visualization capabilities.

A good HR analytics system can help unite different hiring leaders and business heads in the organization to reduce discrepancies arising out of errors in manual reporting. By investing in an end to end analytics and hiring platform, hiring managers can spend more finding ways to improve productivity and staff performance while enhancing the overall hiring process based on relevant business insights.

HR Technology News: TecHRseries Interview with Mark Sawyier, Co-Founder and CEO at Bonfyre