HR teams are constantly working with enormous amounts of data. There is much to handle, such as recruitment metrics, performance reviews, employee engagement scores, and turnover rates, making it overwhelming for HR people. However, it is not just about collecting this data; they also need to analyze it to find insights for decision-making.
That is why they need HR dashboards that can offer a centralized visual view of HR metrics. This will help leaders identify trends and issues and make data-driven decisions. Let’s understand the role of this dashboard in detail below.
Understanding HR Dashboard
HR dashboard is a business intelligence tool that helps HR teams record, analyze, and report different metrics for HR operations.
Simply put, it is a summarized version of other kinds of information from various data sources that can be easily accessed and analyzed. This data is split into different widgets and cells and is presented through graphs, numbers, tables, and other visuals. People can click on the links attached to these visuals to know the information in detail.
HR Dashboard’s Key Capabilities
Your HR dashboard can do much more than track KPI and help with HR data visualization. Listed below are some key capabilities of this dashboard for your reference:
- Highly interactive – Use robust HR data analytics to explore and evaluate data right on the dashboard.
- Different data sources – It can quickly gather and analyze data from different systems and apps, like payroll, HCM, recruitment, compliance, LOB, learning, etc.
- Mobile compatible – You can use an HR dashboard on any device as it is supported with cloud analytics and optimized for all kinds of mobiles.
- Augmented analytics – Modern dashboards come integrated with augmented analytics and alerting, which are highly collaborative and offer insights on HR metrics and analytics.
- Automated reporting – It streamlines report distribution and generation, reducing manual efforts and providing accurate and timely information.
- Real-time data updates – Provide up-to-date and accurate information for HR teams to make data-driven decisions.
- Security – Offers robust data protection and restricts access to only authorized personnel.
Importance and Benefits of an HR Dashboard
An HR dashboard is vital in enabling the HR teams to track employee data, report, analyze, and use it for the organization’s benefit. Therefore, there are several HR dashboard benefits and reasons why a company must use them.
1. HR Monitoring
One of the advantages of the HR dashboard is that it tracks employee metrics and regularly reports them to know what is happening in the company. The dashboard can help identify trends and opportunities early and address them before they become big problems and negatively impact the business.
2. Management Information
This dashboard can be an invaluable tool for managers as it can provide accurate and up-to-date reports regularly. This report can inform managers about how the team or department is performing. For example, if any team struggles in a particular area, managers can use this HR solution to identify the gaps and coach the individual or team to make improvements.
3. Strategic Decision Making
When the HR team is constantly monitoring and evaluating information and data, it gives them the opportunity to get insights into budding issues, developing trends, and more. This further helps them in making effective strategic decisions that are better aligned with the organization’s values, assisting in making the business successful.
4. Enhanced Communication
A well-designed dashboard that tracks information in real time offers HR people a lot of information. They are in a better position to present their initiatives and ideas to the higher leadership and stakeholders when backed with data and reports. Thus helping with enhanced communication and improving HR outcomes with dashboards.
Tips for Using an HR Dashboard Effectively
Follow the tips mentioned below to use your HR dashboard effectively.
- You don’t have to prepare one dashboard with every piece of information and make it look cluttered or messy. Instead, make a separate dashboard for different audiences.
- Data flows in real-time that can be used to make strategic insights. This can be used to take strategic steps during a company crisis or need. However, do not act on every piece of information as it may become too much for employees to handle.
- Do not try to make a lot of reports just because the information may be used in the future. This will eventually end up in the inbox for HR people and not be helpful. Instead, only focus on the need and prepare the data on which you are sure to act.
Conclusion
Your organization’s success depends mainly on your people. Therefore, building an HR dashboard will help in understanding how they are performing and if there are any steps needed for improvement. This dashboard will also help in making data-driven decisions which will lead to the company’s success.