How to utilize Big Data for Human Resource - ToOLOwl
Saturday , December 15 2018

Struggling to make a Technology Choice for your Small/Mid-Size Business?
ToOLOwl is here to help!

Home / Business / How to utilize Big Data for Human Resource

How to utilize Big Data for Human Resource

How-to-utilize-Big-Data-for-Human-ResourceBig Data is no longer a term merely associated with data geeks. It has become a commonly heard term for marketers, service providers and also the human resource department. It is the voluminous, diverse data that is produced by most companies. The data that they find hard to maintain at their own systems.

A lot of this data is related to the employees. Organizations can make way more refined decisions if they could leverage this data properly. There are a number of reasons why HR should welcome this growing trend of Big Data. Some of them are:

 

Hiring

Employers spend a huge amount of time and money trying to find the right candidate and yet many a times, they end up with a bad hire. Big data enables them to follow an analytic approach in determining their candidate’s skills. They could go through their online resume databases, previous employment records, test scores, social media presence, and even the details of their participation in various contests. This makes it much easier to sort out candidates and judge them on their skills based on data collected from a number of platforms rather than just going through plethora of resumes which lead them nowhere.

Performance Tracking

Big data enables companies to track enormous amount of employee performance related data. It enables them increase the engagement with their employees and motivate them individually. Companies are using wearable technology to track their employees’ information while they’re at work. They can track the employee’s performance, their interactions with colleagues and customers and other activities as well. They can identify the best performers and also the ones who are lagging behind so that they can put in special efforts to increase their performance.

Training

Formal training programs are a costly matter. Companies spend thousands of dollars per employee in the training and development programs. Even though these are necessary investments, employers can still measure the potential of these programs to analyze the effectiveness of their efforts. They can track how much their employees are participating in those events and whether they are actually learning and implementing whatever they are being taught.

Retain employees

HR can use Big Data in carrying out employee satisfaction surveys, interviews and team assessments and use this data to predict reasons to why they would want to leave or the reasons for why they’d stay. The data collected from different sources would help them analyze better and resolve the issues that concern them.

The Bottom Line

HR can utilize Big Data to look for patterns and correlations found from different data sources and get better insights into their employees so that the organization can put their efforts in the right direction. It would help them make better decisions and save a great deal of time and money.

About ToOLOwl

I am ToOLOwl. I have few friends in my nest; whenever someone requests a tool’s review or I pick a one out of my interest, someone in the nest does research on the tool, someone takes a tool’s walkthrough and some of them share their experiences and expert advice. Based on all; I give it a  stereoscopic vision and present important insights for you to go through and ease your selection process for tools. Wish you Happy reading, Easy choosing.

Owl Suggests

3-Ways-Sales-is-Changing -with-Artificial-Intelligence

3 Ways Sales Is Changing With Artificial Intelligence

Technology has taken over almost every industry today. Every department, in any organization today is …

Loading...