We all know that when they are impartial, humans are good decision-makers. There are moments, though, when they give in to sentiments, opinions, attitudes, etc. Decisions taken under such control will harm the ROI and growth of the company. This is where People Analytics comes in. It can be defined as the process of using data trends that help improve efficiency and decision-making. It helps to quantify the effect of HR metrics on company performance, such as retention rate and time to recruit.
High turnover businesses can use people analytics to understand the reasons for the dip in their productivity and the variables influencing their efficiency. The advantages that it can grant to the business are many. Below are the mentions of some of the important ones:
It provides a competitive advantage because you take actions that are more likely to be equivalent to success statistically. You're more likely to achieve success and for a good business.
Employees can see and interpret outcomes of data analytics, and understand them in the broader sense of strategic business goals. As employees take responsibility for the information, this openness fuels accountability.
You can identify how employees feel about diversity in the workplace by using people analytics. You could evaluate the effect on employee satisfaction of such policies and services so that you can direct capital towards improvements that would be most impactful.
The tool helps you to define the individuals and initiatives that are worth your time, and the ones that are not. As a benefit, you get more resources to devote to the aspects that drive outcomes and give you a substantial competitive advantage.
Without a question, those who lead in the future will be companies that make strides to exploit people analytics now. So, if you too want your organization to enjoy its tangible and mighty benefits, Wallet HR is willing to guide you in the right direction. Visit us at www.wallethr.com to gain more knowledge about us.
"We have implemented all the modules of Wallet-HR in our organization. We are very happy to mention that the product works great and the Crystal team implemented the solution at cheetah pace with good understanding. Very commendable job considering the size of our organization. We have integrated attendance devices across our 45 locations to centralised attendance software and integrated to payroll along with other modules. As a result of complete HR automation we were able to save atleast 7% on our turnover year on year. We are extremely delighted to have chosen Crystal HR as our solution provider."
"We have 9 companies with almost 4000 employees Over all; managing employee’s records was very difficult. We have chosen wallet-HR after evaluating many products. Now we are using few modules of Wallet-HR, further we are planning to use all modules from this financial year. We are very satisfied with the Wallet-HR software, because of its updated technology, and the time it saves. Wallet-HR gives us accurate results and reports as per our requirements. Good Luck to Crystal team!"
"Wallet HR has been implemented and integrated across all our 9 locations. We have strict FDI guidelines to follow in respect of access control and attendance, which we have tirelessly implemented with the help of Wallet HR suite."
"We have nine factories across different locations in India. Wallet-HR is implemented for managing our entire employee lifecycle. We had huge challenges in managing workforce using attendance devices. Crystal with their proprietary technology was able to provide us a seamless solution. We have been using Wallet HR for 6 years now with excellent backup support from Crystal whenever required."
"We are amazed by the domain understanding of Crystal and the configuration capabilities of the product. They have been able to provide solution to all our issues without making any customization in the product. It is a great tool that helps to balance the entire process of our organization in an easy manner."
"Intuitive UI, dynamic functionality and robust technology is what made us choose Wallet HR amongst all other products in the market. Earlier we used to manually amend the attendance data before processing payroll, now everything is automatic, which in multiple ways has reduced the time and effort spent in validating the attendance. That is indeed great."
"We are very impressed by the lightning speed of Wallet-HR’s payroll engine. We have been able to process payroll of around 4000 employees in less than two minutes."
"Selection of vendor is a tough process in Hyundai. Wallet-HR has been selected by Hyundai software division to implement the solution across all Hyundai subsidiaries. As a first step we have implemented the solution at one of our subsidiaries in Sriperumbudur and we are happy that they have gone live without any fuss. Good job done by Team Crystal."