Decision making has been a pet topic of leadership and management since last 5 decades.
There are many frameworks, tools and applications to aid decision making. With almost all transaction information available in real time Business leaders can take decisions seamlessly on a day-to-day basis.
Majority of the decisions are taken with a view of the strategic measures and business outcomes like Revenue, Cost, Productivity etc. But most of these decisions are based on Return on Capital Invested on assets like Cash, Building, Investments etc. People as assets have never been considered as a part of this Strategic Decision Making.
Research suggests that $1 invested in people leads to $13 returns.
Hence the emphasis on HR Analytics has shown a peak interest among the business leaders. But again they are basing their decisions on the lagging indicators of HR transactions data.
People data, I.e. the engagement information which impacts an individual, team or organisation, is dynamic in nature, real time in response and leading indicator of the Business health.
There are many frameworks, tools and applications to aid decision making. With almost all transaction information available in real time Business leaders can take decisions seamlessly on a day-to-day basis.
Majority of the decisions are taken with a view of the strategic measures and business outcomes like Revenue, Cost, Productivity etc. But most of these decisions are based on Return on Capital Invested on assets like Cash, Building, Investments etc. People as assets have never been considered as a part of this Strategic Decision Making.
Research suggests that $1 invested in people leads to $13 returns.
Hence the emphasis on HR Analytics has shown a peak interest among the business leaders. But again they are basing their decisions on the lagging indicators of HR transactions data.
People data, I.e. the engagement information which impacts an individual, team or organisation, is dynamic in nature, real time in response and leading indicator of the Business health.
This real time response helps to proactively address issues and prevent the failure of achievement of the business results.
People Analytics helps to:
1. Augment the Employee Engagement
2. Improve the overall organisation culture
3. Improves the chances of achievement of the designed strategy
4. Improves Customer Satisfaction
5. Reduces Burnout in Employees
6. Reduces Attrition
7. Achieve 3X time better stock performance as compared to competition
8. Higher Revenue / FTE
9. Better inclusiveness of Diversity and
10.Improves sustainability of the organisation.
Contact PeopleCube:+91- 8618208345 for India,- 1 (424) 335–8777 for USA
- and +61 406 537 297 for Canberra, Australia
Website : https://www.peoplecube.ai/
Email : prahaladk@peoplecube.in
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