Advanced Human Resources reports — KPIS and Analytics for HR
With each day, more human resources departments understand the importance of creating reports and gathering their employees data to make important decisions. Human resources reports are useful to detect possible opportunities, weaknesses or decide based on objective facts that will help small and medium enterprises make the right choices.
6 types of reports and analytics for human resources
There is a wide array of reports and analytics that can be useful to the human resources department. Here are some examples:
Age reports show the different age groups inside your company. They are specially helpful to know the average age on your business and understand the current situation and necessities of your employees. Based on this data you can see the your staff’s age profile and make decisions like what kind of benefit to offer each group of workers: kindergarten checks, transport, health insurance or even retirement plans.
Compensation Reports are very useful to know if your company is offering a competitive compensation that matches the salary on the market for each position. Knowing the average salary on your company can help you identify ways to optimize it, for example: offering benefits to improve your employee’s salary and decrease the turnover rate of your staff, implementing flexible payment plans to improve the average salary or just to compare what your company pays in comparison to other business.
Other important information for the human resources department is to know the salary range of each department or even according to the employee’s’ gender.
Headcount Report Businesses that are just starting may want to know their growth rate for the last months. With a high growth rate you might need help with new employees onboarding process or even for them to get to know their colleagues.
Teambuilding activities are usually for teams that are hiring in a more aggressive way or that have grown a lot in a short period of time. Some companies offer breakfast once a week in the office to facilitate that first contact between their staff. Others organize group activities like Room Escapes or after works.
Originally published at factorialhr.com on October 16, 2017.