7 June 2021 - Reading time: 3 Minutes
Already a key concern since the beginning of COVID-19, operational efficiency stays top of mind. A recent employer survey by SD Worx, showed that over half of European companies (55%) plan efficiency projects in 2021. Understandable, but don’t just concentrate on doing things right. Doing the right things is just as important. And HR analytics could well be the glue between efficiency and effectiveness. Check the opportunities in 3 HR domains.
Data takes the guesswork out of HR
The future of your organisation depends on your ability to hire the best people for the right position in the shortest amount of time. Pressure much?
HR analytics enables the discovery and interpretation of meaningful patterns for sourcing, selecting, and hiring. Which sourcing channels provide the best applicants, how long does it take to hire employees, what do top candidates have in common and where in my recruitment process do candidates tend to drop out? Being able to answer these questions in real time is essential to improving decision-making and reducing inefficiencies (and costs) in recruitment, because it allows you to finetune every single metric you track.
Time to fill, Time to hire, Sourcing channel effectiveness, Cost of hire Applicants per job
First-year attrition, Quality of hire Selection ratio, Candidate experience
Keeping your best talent on board should be a top priority for numerous reasons, ranging from maintaining high morale to safeguarding in-house expertise.
How HR analytics can help
Improving turnover rates requires HR to collect data throughout the whole employee lifecycle and to consistently hold exit interviews. When are employees hired, which roles do they perform in which teams, how does their performance evolve and why do they leave? Knowing this can help to detect flight-risk employees. For example, an above-average drop-out rate in one team could indicate an excessive workload or poor management, while short lifecycles might mean it’s time to think about adjusting employees’ salaries, work environment or career opportunities.
Voluntary/involuntary turnover rate, Retention rate by manager, Employee satisfaction
Performance scores, Time at the company, Employee exit reasons
You can always expect some absenteeism – after all, people do get sick. But what about preventable absenteeism? Tackling that issue could be a major productivity booster.
When delivery service DPD Belux asked SD Worx to start measuring engagement, we took it a step further. We combined the new engagement data with other employee data in our database to set up a predictive model for short absences among white-collar and blue-collar workers. After all, short absences are typically related to low engagement. One of the outcomes: payment scored low in the engagement survey, but wasn’t a driver of absenteeism. Knowing this allows an organisation to invest in actions that do have impact.
Short absence rate, Engagement scores, Demographic data
Absence reasons, Absence by manager, Absence frequency
SD Worx can kick start your efforts.
Looking for other ways to revamp your HR in the new normal?
We’ve gathered the most-cited courses of action by European employers in our e-book ‘HR - From pitlane to pole: reassess, revamp, revive’.
Download free e-book
A recent employer survey by SD Worx, in which nearly 1,400 European companies shared their future intentions regarding HR, leaves no room for misunderstanding: internal mobility is top of mind. Companies are increasingly looking inwards for talent. About 1 in 3 organisations have already launched internal mobility projects in the past 12 months, while another 24% plan to do so in 2021. But how exactly do you make sure internal mobility reaps the rewards it is so often praised for?11 May 2021
Business leaders are always searching for dynamic new ways to improve their business strategy, but there's one source of data which still remains largely untapped. There is a wealth of potential strategy ideas to be found in a place businesses already have unrestricted access to - their payroll system.
So, how can both large and small companies start utilising payroll data today to breathe new life into stale strategies?12 January 2021
What will 2021 bring? After such a turbulent year, it would be audacious to start making big statements. But one thing seems to be a given: ‘the old normal’ is not coming back. Even more, companies will quickly have to find a way to deal with the likelihood of ongoing changes. A good first step is building an agile workforce and valuing both internal and external mobility. To do so, you’ll need to embrace total talent management.4 December 2020
Care and hospitals go hand in hand, but this usually relates to patient care. At Az Damiaan in Ostend, they extend this care to employees with the same focus. Az Damiaan regularly appears in the press with original employer branding campaigns. Of course, just the image of a caring, creative employer with 'a twist' is not enough. Without a supportive and established HR policy, this reputation would be in danger. During the first wave of coronavirus, the hospital showed that they have a solid foundation in this area. Chief HR Officer, Dirk Van de Velde, explains.9 November 2020
American athletic giant Nike has a solid foothold in Belgium too, with five distribution centres in Ham, Laakdal and Meerhout. Together, they make up the Nike European Logistics Campus (ELC). From here, sporting goods depart around the clock, destined for wholesalers, Nike stores and online customers across Europe. This phenomenal logistics achievement relies heavily on flexibility. For that reason, personalisation, mobility and innovation are key elements of the HR policy.28 October 2020
In the digital world, ensuring that you have a healthy work/life balance has never been so important. However, in this ‘always-on’ environment, it can prove difficult to step away from the world of work and to take that all-important break from your seemingly never-ending to do list. Some HR and payroll professionals see the introduction of HR tech as another cause of stress, with many fearing that it will threaten the future of the industry. However, the introduction of automation and other technologies could be the answer to empowering the HR professional and maintaining a healthy work/life balance.12 October 2020
As the adage goes, “the clever learn from their mistakes, but the truly wise learn from the mistakes of others”. With remote working here to stay in a post COVID-19 world, offering great experiences to remote workers is the key to high engagement, effortless collaboration and – in the end – higher performance. Familiarise yourself with the fails and learn how to win with remote working.20 August 2020
SD Worx is celebrating its 75th anniversary. Even in these challenging times in which the world is gripped by coronavirus, SD Worx does not want to let this occasion pass unnoticed.13 August 2020
The COVID-19 lockdown forced international companies to switch gears overnight: remote working was suddenly the norm. In most cases, the transition happened smoother than expected and significant benefits have now become apparent. Therefore, it’s likely that remote working is here to stay. Are you planning to offer regular remote working to your international workforce? Don’t forget that this implies a set of written and unwritten rules. Here’s a basic checklist.17 June 2020
Europe is home to millions of expanding businesses, which play an increasingly vital role in job creation, economic growth and innovative power. They have a lot to gain in the digital era – as long as their HR strategies keep pace with the dynamic needs of their employees. Explore three powerful HR trends that are poised to impact your international company, and learn how to tackle them.14 May 2020
Ramadan is from 24 April to 23 May 2020. Muslims all over the world fast for a month and there is no eating and drinking between sunrise and sunset. How do you, as an employer, take this into account in the workplace?6 May 2020
Whether a large multinational or a small business with fewer than 50 employees, investing in an HR and payroll offering can have a markedly positive impact on the business. In fact, small companies face many of the same challenges as larger organisations. From ensuring compliance to maintaining an efficient payroll procedure, there are a multitude of ways that small businesses can transform their HR and payroll operations. Here are four ways your business can benefit.30 April 2020
While governments around the world pull out all the stops to slow the spread of the coronavirus, businesses – both big and small – continue to look for the best way to emerge from the crisis with their heads held high. Obviously, HR departments play a key role in fulfilling this aspiration. How well is yours doing? Take the test and benefit from 4 rules of thumb first.16 April 2020
Human Resources has always played a vital role in organisations around the world. However, throughout the long history of HR, its place in the business has often been reduced to an admin function. Primarily focusing on people and employees, an HR professional’s role has a direct impact on people’s lives, but its effect is felt way beyond this.
With it’s integral place within employees’ lives as well as the overall business strategy, how can HR ensure it’s strategic role continues to add value to organisations for years to come?
Human Resources is a data driven industry. With so much company and employee information available, the challenge for many HR professionals is how to utilise it most effectively. No organisation can survive without data, and its importance within the overall business strategy only continues to grow as we enter a new decade.
So, how can HR departments embrace and interpret their data, and what should they be looking for when they analyse it?23 January 2020
From being healthier to digital detoxes, many of us adopt resolutions at the start of the new year. However, it’s not only personal resolutions that should be set in January each year - professional goals should not be overlooked either. Employees might focus on their work/life balance or wellbeing, or might embark on various training sessions to improve their skills.
There’s no doubt that the world of work has changed in the past decade. Organisations have been more focused on employee wellbeing and happiness than ever before, with some even considering the option of a four-day working week. Wellbeing was also a key topic at the CIPD’s annual conference in Manchester this year, which provided attendees with the opportunity to discuss and debate how to successfully manage mental health and wellbeing in international organisations.19 December 2019
Britain’s decision to leave the European Union has left many employees on both sides of the English Channel in limbo – uncertain about how long they will be able to live and work in the country they’ve come to call home.29 October 2019
The clock is still ticking on the UK’s exit from the European Union and we’re still in the dark about the terms of its departure or what impact Brexit will have on employment both in the UK and the 27 remaining EU member states. With or without a deal and faced with this level of uncertainty, HR and payroll teams need to stay up to date with their HR Brexit planning and be ready for all scenarios.11 October 2019
A recent SD Worx survey revealed that over half (57%) of European employees have the freedom to take a holiday when they choose. Although this can improve the work/life balance and autonomy of employees around Europe, it can leave departments a little stretched over the summer – a popular time to travel and enjoy the sun with friends and family. This can particularly affect the HR and payroll department – a business function that never stops.5 August 2019
It’s vital that global organizations are run as efficiently as possible. With potentially easy access to a broad and detailed selection of employee data, the HR and payroll department can ensure that the organization’s staff planning is accurately informed to better control staffing costs and improve efficiency across the business as a whole.
So, how can the HR and payroll professionals ensure that they are maximising the potential of the valuable data that lies at their fingertips?
The Christmas festive period might be over, but winter is certainly not. With snow thick and fast in some regions, it’s understandable that HR and payroll teams may want to pack up and hibernate for the next couple of months.21 January 2019
With the festivities over and the new year well underway, as we return to work, many may have already given up on their new year’s resolutions for 2019. However, when it comes to new year resolutions in the HR and payroll industry, there are many resolutions that HR and payroll teams should commit to which will ensure that their payroll is powerful and running efficiently throughout the year.10 January 2019
Much of today’s media coverage on the introduction of technologies like artificial intelligence (AI) and machine learning in the workplace express concern over the future of the human employee. Many fear their roles will be replaced by an intelligent robot that is more efficient and cheaper to employ. However, this is far from the case. SD Worx advocates the future of HR tech, but we also understand that you can never take the ‘Human’ out of Human Resources! In fact, introducing these technologies to the HR and payroll department can only reaffirm the place of the human employee in the business world.30 December 2018
The HR and payroll industry never stands still and is moving at a faster pace than ever. With frequent updates to legislation, increasingly global operations and swiftly developing new technologies, the future of HR is set to look completely different to the industry of today.28 November 2018
Every company strives to have effective working practices that allow employees to work together to get the best possible outcome. Many employers choose to organise Christmas team building activities to help boost workplace morale, increase productivity and collaboration between departments.But does team building actually work? 21 November 2018
Business Studies 101 tells us staff are the most valuable and expensive resource within any company, but how can your business create an empowering atmosphere within which employees flourish and morale is high?6 November 2018
Nothing turns your working world on its head quite as much as a big, sudden change in the way you need to work or the way in which the company you're working for is run. Whether it's due to changes in law, different leadership or any other reason, keeping up with big changes can seem like a difficult task, and it's easy to get off track. But when it comes to adapting to those sudden changes and continuing to meet the needs of your business, there are a few things you can do to help you adapt quickly and be back to 100% in no time:15 October 2018
It sounds too simplistic to say that your workforce is the beating heart of your company, but it’s true. However, many businesses don’t practice strategic human resource (HR) planning. So why is staff planning so important?8 October 2018