Do you lack the tools and processes to build a successful remote workforce? Then now is the perfect time to implement people analytics in your organization. Here is why.
In 2019, Steven Spielberg called for a ban on movies streamed online for the Oscars, arguing that “movie theaters must exist forever.” Two years later, his company signed a deal with Netflix. Spielberg understood that audiences want to enjoy movies at home.
This example is similar to what we have seen in the job market. Before the Covid-19 pandemic, remote work was called a whim. Many managers thought that “if they do not see people working, they will not work.”
But those days are over. Remote working has become a must for many companies, and an essential factor in being competitive in the marketplace. While research shows that 70% of managers plan to have employees return to the office to some extent, 43% of respondents question the need to return to the workplace at all, and over 60% of employees want to continue working from home.
New working models
“The reality has changed, and businesses need to adapt to new market challenges. Employers realize that they lack proven tools and processes to manage their organizations or that the old solutions no longer work,” says Daniel Aduszkiewicz, CEO and Co-Founder of Human Panel. “That’s why it’s time to adopt new tactics and introduce people analytics into your business,” Aduszkiewicz adds.
People analytics solutions allow you to collect data about your employees and create a visualized data analysis. If you want to see how it works, and how it can help your company, fill in the form below and sign up a free demo of Human Panel platform – the only platform you need to manage all your HR processes. Ten seconds of your time can change your HR management forever.
Make smarter decisions
with easy people analytics.
With people analytics, you’ll know what talent you acquire, why people accept or reject your job offers, or why they stay with the company. If you do not have structured metrics about your employees yet, it’s high time you introduced them – and here is why.
One of the most significant challenges facing businesses is the acute talent shortage, especially in digital skills. According to reports, more than 85 million jobs could go unfilled by 2030 because there are not enough qualified people to fill them.
The reasons for this are complex, but the implication is that companies now need to pay more for new talent. They need to work harder to keep existing talent from leaving.
On top of that, business leaders realize that people are leaving for reasons different from those from before the Covid-19 pandemic. Salary is not always a deciding factor.
“Some companies are increasing pay without getting results – that means they are increasing it in the wrong way or for the wrong teams. But collecting more data can help them find answers”.
People analytics shows how candidates respond to your job offers and how the offers are performing at each stage of the process. It helps you figure out at what point candidates accept or decline the offer to determine how to improve your recruiting pipeline.
With people analytics, you also know the turnover rate, and you can track it using various filters to predict disruptions.
Another challenge that the pandemic has created is that talent is being recruited globally. Even if you run a family business or a medium-sized company, you can now hire employees from all over the world. The downside is that other companies worldwide are also looking for employees, and thus competition is more potent than in the past.
Therefore, adopting a hybrid work model or employing people remotely expands your talent pool and opportunities. In many countries, the pandemic has caused people to leave city centers and move to suburbs or smaller towns. Those people would probably be reluctant to make a long commute every day, but they can shine when working remotely.
So if you are planning to return to the office or have never thought about hiring remote workers, you could miss an opportunity. And if you are worried that you do not know how to set it up and monitor your employees’ performance and productivity, people analytics can help you do that, too.
With people analytics solutions, you can build a remote workforce with total control. You can measure both employee performance and productivity, regardless of where they work. You can track individual and team output, as well as overtime or the level of absenteeism. And, most importantly, if you spot a troubling trend, you can respond in advance.
It may sound like a truism, but the most critical asset of any business is its employees. If your employees are not growing and developing, your business cannot succeed either. And we are talking real profits here – you want to employ and retain the best talent on the market to generate revenue. People analytics can help you do that, too.
How? It can help you optimize training models and processes for your employees. It can also help you monitor who has been promoted and who has received a raise. Plus, data analytics can show you how to address your employees’ needs – from benefits to training opportunities, helping you build a happy and motivated workforce.
Informed decisions with people analytics
Whether you choose a hybrid work model or you decide to stay in the office, it’s time to stop making decisions based on “gut feelings” and assumptions. Don’t act like Steven Spielberg – take informed actions instead and listen to what people say. In these unprecedented times, data can show you why old solutions no longer work. People analytics can ease the pain we all face – the struggle for talent and the prospect of more unexpected change.