Harnessing the Power of Analytics
The UKG Pro©/UltiPro© solution has powerful Business Intelligence (BI) tools at your business’s disposal. The Human Resources Information System (HRIS) collects mass amounts of data in the course of your business’s day to day activities. The challenge we often face is that there is a disconnect between data collected and using that data for meaningful observations and decision making.
Executives and managers often need real-time data in order to make well-informed decisions. The UKG Pro©/UltiPro© platform offers many tools for instantaneous distribution of information to decision makers, including Dashboards, Delivered Reports, as well as integration with internal and external systems. It is even possible to bring in data from another system, for example sales or finance, to merge with HRIS data.
Wouldn’t it be great to predict the future, at least to some degree? To know which employees will be the top performers, to know which employees are at highest risk of exiting the company? To know how much funds will be necessary to fund taxes and payroll, how much to accrue for the payroll general ledger? To know target locations where your top talent will come from?
These are all possibilities…and more! These are just a few of the analytical models JT Tech Consulting has developed for our clients.
Here are common analytics we have developed for our clients:
Projected headcount and turnover compared to actual
Projected payroll compared to actual
Identify top performers
Identify employees at risk of exiting
Cost per hire
Time to hire
Cost of turnover
Absenteeism
To be fair, human beings can be unpredictable, so no amount of data collected will be 100% accurate in predicting the future. This is part of what makes our jobs so challenging, as well as rewarding! Additionally, the accuracy of predictive data analytics can only be good as the underlying data collected. We can also help work with you to ensure your system is configured appropriately to capture necessary data points, as well as employee engagement surveys.
At JT Tech Consulting, our goal for all of our clients is to go beyond reporting on what has already happened, but to predict the best we can on what will happen. Whether you are planning to, are in the process of, or have already implemented UKG Pro©/UltiPro©, please contact us to assist with your data analytics needs.