Road to Advanced Analytics
With the explosion of data and rapid developments in technology for managing and analyzing unstructured data have opened up new analytic possibilities to HR. Creating fast and dynamic dashboards enables to detect quick wins scenarios, identifying top performers shows the characteristics of the particular work, predicting future top performers and leaders gives the chance of seeing next steps of recruitment management.
Lumnion’s Human Analytics team can help by giving the answers to this 3 questions:
- “Where do we begin?”
- “Do we need a Human Analytics function?”
- “If we need it, how can we build a Human Analytics function?”
We asses your human resources data management and we detect the missing parts for quick and long term wins to the company such as missing data, developing strategies.
We create dynamic and interactive dashboards with cleaned data of HR like performance, updated CV’s, demographics and every kind of survey data.
With the combination of data and advanced analytics, we develop and segment all performers to categorize and identify them like top performers or low performers. Knowing all kind of performers will create insights and action plans for every segment.
The power of prediction algorithm can be used to detect high churn risk in top performers. Fail in retaining and late retention actions can be costly 8 times for top performers than average performers.
With the automation of the processes and rapid refreshes, a cost reduction optimization are developed in the HR center and it can produce much more business insights to maximize profit.
We keep track of every technological improvements in analytics and data fields. We update our solutions with latest algorithms and big data solutions to improve accuracy of our predictions and business insights.
We understand that in a competitive business world, there is no time to perform experiments.
Every solution we developed are tested in countless scenarios and ready to improve the business by generating new undetected insights in Human Analytics.
By watching the boom of big data and talent analytics, we created our solutions to help companies make better HR decisions.