What Are Dashboards? A Brief Overview
Introduction
Human Resource Analytics (HR Analytics) involves turning data about employees into information used to improve Human Resource Management decisions. It is about using data to understand and predict employee behaviors.
HR Analytics can help answer questions such as:
How long will it take to fill a position?
How many people will leave the company in the next year?
How effective is our training program?
In order to answer these questions, HR Analysts use a variety of data sources, including surveys, performance reviews, demographic data, and data from HR systems. They then use statistical techniques to analyze this data and draw conclusions about employee behavior. All such conclusive and meaningful data is visually represented via HR dashboards.
HR Analytics can be used to improve a variety of HR decisions, including recruiting, performance management, succession planning, and compensation. By understanding employee behavior, HR professionals can make more informed decisions that lead to better outcomes for both the organization and its employees.
What Is an HR Dashboard?
An HR dashboard is a graphical representation of data that provides at-a-glance awareness of current performance relative to key performance indicators (KPIs). Organizations use dashboards to monitor key performance indicators (KPIs), track progress toward goals and make better decisions.
Dashboards provide an overview of current performance and can be used to drill down into specific details. For example, a sales dashboard might include information on total sales, sales by region, and sales by product. A marketing dashboard might include information on website traffic, social media engagement, and lead conversion.
An HR Dashboard is a tool used by HR professionals to collect, track, and analyze data related to their department’s performance. HR Dashboards typically display data visualizations that make it easy to identify trends and areas of improvement.
Businesses can use HR dashboards to improve communication between HR and other departments within an organization. By sharing data visualizations with other departments, HR can provide insights that can help improve overall company performance.
HR Dashboards can help identify potential issues before they become problems. For example, if dashboard data shows a decrease in employee satisfaction, HR can investigate the causes of the decrease and take steps to improve the situation.
Overall, HR Dashboards are powerful tools that can help HR professionals collect, track, and analyze data. By using HR Dashboards, HR can improve communication with other departments, identify potential problems, and take steps to improve departmental performance.
What Is the Purpose of an HR Dashboard?
An HR Dashboard is a reporting tool that provides a high-level overview of HR data and KPIs. HR professionals typically use it to track trends and identify areas of improvement. The purpose of an HR Dashboard is to provide a quick and easy way to view HR data. It is used to track trends, identify improvement areas, and decide where to allocate resources. An HR Dashboard is also usable for communicating HR data to stakeholders.
Data such as headcount, turnover, absenteeism, and recruitment metrics are used by a dashboard. It may also include data on training, development, and employee engagement.
We can customize HR dashboards to include any important data to the HR function. While an HR Dashboard can be a valuable tool for HR professionals, it is important to remember that it is only a snapshot of data. It is not a substitute for a more detailed analysis of HR data.
Benefits Of HR Dashboards
An HR dashboard is a powerful tool that can help organizations keep track of employee data and performance metrics. By visualizing employee data, HR dashboards can help organizations identify issues and trends and make better employee development and retention decisions. Also, HR dashboards can help organizations track compliance with internal policies and external regulations.
Some of the benefits of HR dashboards include
1. Increased Visibility into Employee Data
HR dashboard provides organizations with increased visibility into employee data. By visualizing employee data, HR professionals can identify issues and trends more easily. HR dashboards can also help organizations track compliance with internal policies and external regulations.
2. Improved Decision-making
Organizations make better decisions about employee development and retention by utilizing dashboard insights. By visualizing employee data, HR professionals can more easily identify which employees are at risk of leaving the organization and develop strategies to retain them. HR dashboards can also help organizations identify which employees are most likely to be promoted and develop succession plans accordingly.
3. Enhanced Communication
HR dashboards can help improve communication between HR professionals and other organization members. By visualizing employee data, HR dashboards can help non-HR professionals understand the data and make better employee development and retention decisions. Also, HR dashboards can help improve communication between HR professionals and other organization members by providing a common language and understanding of employee data.
4. Increased Efficiency
By automating the collection and analysis of employee data, HR dashboards can help organizations save time and money. Additionally, HR dashboards can help organizations improve the accuracy of their data.
5. Improved Morale
An HR dashboard can help improve employee morale by providing employees with visibility into their own data. It can also help employees understand how their performance compares to their peers and identify areas for improvement.
6. Reduced Costs
Cost reduction is possible by automating data-related manual tasks. HR dashboards can assist organizations in reducing the time spent on manual data entry and analysis.
7. Improved Employee Engagement
HR dashboards can help improve employee engagement by providing employees with visibility into their own data. Also, HR dashboards can help employees understand how their performance compares to their peers and identify areas for improvement.
8. Increased Customer Satisfaction
Increasing customer satisfaction by providing employees with visibility into customer data is facilitated by HR dashboards. These can help employees identify issues and trends and improve customer service decisions.
9. Improved Employee Retention
Improvement in employee retention by giving employees visibility into their own data is possible. HR dashboards enable employees to understand how their performance compares to their peers and identify areas for improvement.
10. Increased Flexibility
Being flexible tools that are customizable to meet an organization’s specific needs, HR dashboards are integrated with other software applications, such as payroll and time-tracking systems.
Overall, HR dashboards are a powerful tool that can help organizations improve their visibility into employee data, make better decisions about employee development and retention, and enhance communication between HR professionals and other members of the organization.
HR Dashboards Examples and Templates
There are a few different types of HR dashboards that can be used in order to help manage and monitor HR data. Some of these dashboards may be more specific to HR data, while others may be more general in nature. However, all of these dashboards can be used in order to help make HR data more manageable and easier to understand.
Workforce Dashboard: This type of dashboard is designed to help managers and HR professionals understand the data associated with their workforce. This dashboard can include employee turnover, absenteeism, and hiring data.
Performance Dashboard: This type of dashboard can help managers and HR professionals understand the dynamics of employee performance. This dashboard can include data such as employee productivity, performance ratings, and skills development.
Compliance Dashboard: This type of dashboard offers insights related to compliance issues. It can include data such as safety incidents, regulatory compliance, and ethical compliance.
HR Dashboard Metrics and KPIs
A human resources (HR) dashboard is a data visualization tool that enables HR professionals to track, monitor, and report on key HR metrics and KPIs to make better-informed decisions about their people and programs. There are several different ways to design and build HR dashboards, but most will include some combination of the following HR metrics and KPIs:
- Talent acquisition metrics (e.g., time-to-fill, cost-per-hire, quality-of-hire)
- Engagement and retention metrics (e.g., voluntary turnover, engagement scores, tenure)
- Performance management metrics (e.g., performance ratings, development plan utilization)
- Learning and development metrics (e.g., course completion rates, certification attainment)
- Compensation and benefits metrics (e.g., salary levels, merit increase budgets)
HR dashboards can be designed using a variety of different software platforms and tools, but most will likely include some combination of HR data from an organization’s HRIS, ATS, and LMS systems.
Below are three examples of different HR dashboards that might be used by HR professionals:
- A talent acquisition dashboard that tracks time-to-fill, cost-per-hire, and quality-of-hire metrics:
- An engagement and retention dashboard that tracks voluntary turnover, engagement scores, and tenure:
- A learning and development dashboard that tracks course completion rates and certification attainment:
Conclusion
A dashboard is a user interface that provides detailed information about an organization’s performance. Dashboards are typically used to monitor key performance indicators (KPIs) and help decision-makers identify areas of improvement. There are many different types of dashboards, but they all share some common features, such as the ability to display data in graphical format and the ability to filter data by time period or other criteria. Dashboards can be static or interactive, and they can be deployed on-premises or in the cloud.
The benefits of using dashboards include the ability to quickly identify trends and outliers, drill down into data for more detailed analysis, and data with stakeholders in a format that is easy to understand. The challenges of using dashboards include the need for accurate and up-to-date data, the need for skilled users who can interpret the data, and the risk of making decisions based on incomplete or inaccurate data.
Overall, dashboards are a powerful tool for monitoring and improving organizational performance. When used correctly, they can help decision-makers identify areas of improvement and make informed decisions that improve organizational outcomes. For more information on HR Analytics, we’d recommend you join Certificate Program in People Analytics & Digital HR by UNext, an IIM Indore certified course.
