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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

HR Analytics solving Racism

However developed and industrialized the country has become, still racism prevails in each and every corner of American society. And this is seen maximum in the workplace where someone named like an African American is less likely to get a call back from the company they applied for job. Also, women face a battle to succeed in the workplace which implied the gender pay gap. But HR analytics may help solve this where a data-driven department can better understand the statistics of recruitment decisions, retaining employee by evaluating employee turnover. But only if at first the attitude of individuals are changed towards others, then can analytics help ensuring that the same problem won’t return back. Read more at:  https://channels.theinnovationenterprise.com/articles/how-can-analytics-help-solve-diversity-issues

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Workforce analytics to ensure high retention rates

The success of a company is vested on its employees. It’s the employees who ensure that resources of the company are utilized to their full potential. But at times it becomes difficult to identify the best members of the staff. Workforce analytics comes into play here. Workforce analytics enables organizations to get a complete picture of their workforce and identify ways to improve it. It allows organizations to identify and retain their most important staff. Workforce analytics involves analyzing large sets of employee data to find correlations and patterns. Statistical techniques like tests of significance, factor analysis and multivariate analysis are applied and charts are produced to bring together all information available about a team. HR department can then leverage these insights to achieve high retention rates. Read more at: https://channels.theinnovationenterprise.com/articles/workforce-analytics-are-you-retaining-your-highest-performers

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