Tuesday, 17 April 2018

How HR Analytics play in Digital Age

Today every company is acting on the digital transformation or at least talking about digital transformation. While it is important to drive it by analyzing customer behavior, it is extremely important to understand who from your organization is acting upon it – your employees.

Hence knowing your employees first and then go to explore the outer world of customers, is best strategy for digital transformation.

HR plays an important role in knowing the employees. As the volume of data available to HR has increased exponentially over the few years. The data on recruitment, onboarding, employee personal data, their training, performance and attrition data can give tremendous insights to organization.

HR analytics is focused on making the most of the vast amounts of HR data, organizations have gathered as mentioned above.

Collecting employee sentiments, while they are in office is good way of improving their life. Happy employees go an extra mile to make your customers happy.

Sentiment analytics can be done for all the touch points:
·      How do employees commute to workplace – office transport or their own
·      How do they find the parking – nearby or hectic to reach to office
·      How are they welcomed in the office – good fresh smell or closed stuffed environment
·      How is hygiene maintained in the office premises
·      How is canteen facility, food options, quality of food
·      How the official communication flows through employees, what transparency is maintained
·      How is performance measured and rewarded
·      What is the feedback on the onboarding process
·      Emotions due to promotions or rewards
·      What are the main reasons of attrition

These data points can help HR a lot in improving the 8-12 hours employees spend in office.

Descriptive analytics help analyze the current scenario for HR:
·      Who is performing well and who may need some additional training or support in order to raise their game
·      Where your best employees come from
·      What recruitment channels are most effective
·      Which projects are delivering on time and what are their project pyramids
·      Which band employees are leaving frequently

Further predictive analytics can be used in several ways:
·      Which candidates are likely to join your organization
·      Which new hires will become your highest performers in two years
·      Which employees are likely to churn and join other organizations
·      Which band or grade employees will leave early
·      Which skills will be in most demand next quarter and later
·      How many billable employees needed to achieve the revenue targets


HR analytics open new ways to recruit, train, and engage employees. Benefits include a streamlined hiring process, better-prepared & unbiased recruitment managers, reduced attrition and higher customer satisfaction.

Sunday, 1 April 2018

How Social Media helps Digital Age

Digital transformation for business is no longer optional but is on the top of the minds of most of the CEOs.  From global companies to local Mom & Pop stores, everyone is gearing up to enter on this digital bandwagon. As digital is bringing all the latest technologies into the game, keeping the human relationship is equally important to interact with customers.

In the end, Digital Transformation is for people. Social media is such an integral part of our everyday lives today, that we share our thoughts, pictures, videos with our family and friends.

Today most of the businesses are using Social Media to their advantage for this human relationship. They know the significance of social media platforms such as Twitter, Facebook, LinkedIn, YouTube, Instagram, WhatsApp and Google+  in reaching prospects, customers, and partners.

More than 3 billion people are now online, and they are spending more time there than watching TV. They are making and watching videos about products they like and tweeting enthusiastically about customer service they do not like.

Social media can help build a vibrant brand, allow global reach & create and maintain better relationships with customers. Research says that Twitter is the most powerful communication tool, which shows real-time updates about what world is saying.

Here are top benefits of Social Media:

Search Engine Optimization: When someone searches for your business on Google, the social profiles are likely to be amongst the top results. For instance, when you search for Ferrari, their Twitter profile appears as the 2nd listing. In addition, the Ferrari’s other social media profiles are displayed on the right-hand side of the page.

Customer Service: Today, we see many people turn to social media to vent their frustrations with organizations. Consumers ask questions, provide feedback on a brand’s customer support team or seek assistance. Many big companies have recognized this, and have dedicated social media customer service agents employed to actively engage on platforms such as Twitter and Facebook.

Brand Recognition: Using social media also helps to boost the business visibility with both current and potential customers. It gives you the perfect platform to share your brand's voice with your audience and spread the word about your products, services, offers and more. Burberry used social media to directly stream their fashion shows, which generated millions of dollars for them in new customers.

Marketing: Advertising on Twitter, Facebook, Google +, LinkedIn and YouTube goes viral today and helps great global marketing. Engaging with your brand’s loyal consumers bring more business and spread word of mouth publicity.

Business Insights: The best way to listen to your brand mentions in social media. It shows what your customers are saying about your competitors and discovering your competitive advantages in the process.  With Big Data, businesses learn about customers, their demographics, interests, preferences, etc. Using further helps marketing to improve the relevancy of messaging and build targeted campaigns.

One positive impact of social media is in the distribution of information in today’s world. If you don’t have a dedicated social media team, create one. If you do have one already, then make it even more efficient. If people are the soul of digital transformation, then social media is the heart.

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