People Analytics ReportsEvery CPO Should Have

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by Tanya Bakalov

Business demands are changing and with them the value placed on human capital. Companies are no longer looking for a “classic head of HR”, opting instead for a people leader who can effectively strategize, assist with organizational design and com-municate human capital in terms of business.

Human resource leaders are now asked to attract, retain and develop talent in the most sustainable way possible, which requires an under-standing of the company’s business and the role employees play in help-ing companies reach their strategic objectives.

More so than before, analytics will play a central role in the daily obliga-

tions of human resource leaders to ensure the efforts that they are making are scalable and provide the necessary support for the company to grow. As companies are realizing the true value of human resources, there has been more demand for people leaders to be able to communicate the relationship between human

capital and the bottom line, specifical-ly the return on investment for the different initiatives. Therefore, organi-zations should be able to generate people analytics and organizational reports in order to provide the sup-port the CEO needs for staff meetings, executive offsites and Board of Direc-tor meetings.

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HelloTeam makes it easy for human resource leaders to adjust, meet and anticipate the changing demands of businesses.

People Analytics reports every CPO should have

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HelloTeam Platform

The platform empowers human resource leaders with total organiza-tional visibility into every aspect of the human capital lifecycle enabling them to make workforce decisions based on data, anticipate future needs, as well as ensure that they are knowl-edgeable about the entire organiza-tion. HelloTeam also provides human resource leaders with the analytics

and reports they need at the touch of a button. The following are the top reports and insights human resource leaders should use in order to sup-port their initiatives with data and to be able to effectively communicate the status of the organization, its strengths and opportunities for improvement.

1. Growth Reports

2. Hiring and Departure Trends

3. Retention Reports

5. Skills Match

4. Tenure and Promotions Report

Growth is key and therefore, chief people officers must be able to show-case all of the talent acquisition efforts that have been made in given period in order to effectively commu-nicate to the rest of the executive team where hiring should be made. HelloTeam makes it easy to run reports broken down by department and/or position to highlight the number of new hires made with respect to the total headcount of the

department / position. Comparing these results with the hiring goals of each department produces additional insights into the progress of each department and indicates which departments require more sourcing and acquisition efforts. Empowering chief people leaders with this type of information results in more informed hiring strategies, which impacts the company’s bottom line.

1. Growth Reports

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Understanding the growth patterns of the organization is also important from an employee engagement perspective. Especially for rapidly growing organiza-tions, it is important that every new employee is empowered with an under-standing of how their work contributes to the organization’s goals. By making smarter, more informed hiring decisions, organizations can better engage and motivate new hires.

HIRING BY DEPARTMENT REPORT IN HELLOTEAM

2. Hiring and Departure Trends

People Analytics reports every CPO should have

Organizations are frequently misled to believe that they are successfully attracting new employees when their hiring numbers appear to be increas-ing. From a human resources per-spective, it is crucial to understand “net new” employee gain or the differ-ence between the number hired and the number departed per depart-ment. HelloTeam’s departures/hiring report, which can be filtered based on department and length of time, pro-vides a clear visual of the net new em-

ployee gain or loss.The hiring / departure trends of a spe-cific department can also be used in conjunction with HelloTeam’s growth report to highlight which departments or positions the organization must prioritize.

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1. Understand

3. Stay informed

4. Prioritize

2. Evaluate

Understanding the company’s hiring trends provides important insights as to where money is currently being used.

The understanding allows chief people officers to better evaluate the company’s current position.

Chief people officers can then use the information to determine if the current allocation of funds is most appropriate.

CPOs can also use the information to determine what departments should get more atten-tion.

3. Retention

Departures/Hiring Report

Hiring Trend

The departure trends of the organiza-tion are also important to understand because it highlights the positions and departments that have the most turn-over.

From the trend, chief people officers can decide if the turnover is cyclical or related to retention issues.

IT COSTS AN AVERAGE OF6-8 MONTHS SALARY

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While the real cost of turnover differs per organization, studies predict that

to find a replacement for a salaried employee. Therefore, a lot of pres-sure is placed on human resource leaders to retain top talent. Retention is a challenging metric to calculate

and it is impossible to do without accurate information about the number of separations, the number of current employees for each period and the number of rehires. HelloTeam makes it simple for human resource leaders to access the data they need in order to identify reten-tion trends, as well as survey employ-ees to ensure that the desired levels of engagement are being met.

One of the most important reports for human resource leaders to under-stand is the distribution of matured employees. When addressing a reten-tion problem it is crucial to note if those leaving are employees hired within the year or matured to best pinpoint the source of turnover and address it most efficiently. For new hires, high levels of turnover could indicate problems with hiring,

on-boarding or a general disconnect with the company’s culture. Whereas retention problems among matured employee indicate dissatisfaction with benefits, work-life balance or a lack of engagement. Understanding what groups experience the most retention problems will allow chief people offi-cers to make better, smarter deci-sions as to where to allocate funds for retention initiatives.

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RETENTION BY MONTH REPORT IN HELLOTEAM

4. Tenure and Promotions Report

Understanding the metrics surrounding tenure and career development of

employees enables human resource leaders to more accurately forecast

future needs.

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TURNOVER BY TENURE REPORT IN HELLOTEAM

Using the average tenure of a position or department as a benchmark, it is easy to predict what positions will likely become vacant in the near future and facilitates succession plan-ning. Announcing open positions on a regular basis helps fuel the growth of a company as well as provides oppor-tunities for upward mobility that oth-erwise employees may not be aware of. Employees do not typically go to their company’s career page to see which positions are available inside

the company, and can apply for a new position of interest. They may not be aware to refer their professional net-work. Often times recruiters and talent acquisition professionals are evaluated on employee referral num-bers since that is the most effective and inexpensive way of acquiring new talent.

People Analytics reports every CPO should have

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5. Skills Match

HelloTeam’s employee profiles and the ability to search for specific skills, makes it easy to find people within the organization who would be able to fill a role or best complete a job function facilitating a cul-ture of internal mobility. Besides saving valuable time, money and resourc-es, companies who look to source positions internally see an increase in employ-ee motivation, company loyalty and retention. For growing companies, internal mobility is especially import-ant because it strengthens organiza-

tional culture and makes the compa-ny more flexible to change, as the em-ployee is already experienced with and knowledgeable about the com-pany’s mission. In general, internal

mobility is a driving factor of employee engagement and retention with lack of opportunity for career development being the most common reason for employees to leave a job.

With fierce competition, it is impera-tive that human resource leaders are empowered with the information that they need to best retain talent.

In general, internal mobility is a driving factor of employee engagement and

retention.

Most organizations fail to effectively capitalize on all the talent they

already have due to a lack of understanding of the experience, skills and

interests of current employees.

Understanding the organization’s current skill structure is one of the most important analytics for human resource leaders as it provides the necessary

foundation to anticipate the organization’s future people needs.

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Instead of reaching a problem and having to stop to solve it, the HelloTeam

platform provides the clarity that allows human resource leaders to be able to

identify skill gaps and proactively address them.

Employee Profiles

Each employee has constant access to their personal profile ensuring that their experience, skills and interests are always up to date and accurate.

Visualization

Combined with the visualization that HelloTeam provides, it is quicker and easier than ever before to create paths of development for employees and to plan for the smooth succession of leaders.

Empower HR

Empowering human resource leaders with the information that they need to maxi-mize current employees’ potential results in a workforce that is engaged, quick to adapt and has the skills necessary to address the demands of a growing organi-zation.

People Analytics reports every CPO should have

SKILLS MATCH IN HELLOTEAM

With HelloTeam you can:

Efficiently form teams by searching for skills within your organization and

filtering by department and/or location.

Get instant access to employee skills, allowing people leaders to make better

decisions regarding promotions and internal mobility.

Stay ahead of competition by instantly understanding what skills the compa-

ny does or does not have internally.

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E: team@helloteam.comP: (857)-263-3936