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Data Visualization: The Role it Plays in HR Management
Posted: Feb 06, 2022
There is no doubt that the world today is brimming with data which has proven to be a mighty useful tool for, well, everything. This has been possible owing to tools such as data visualization, i.e. the presentation of data in the form of comprehensible charts, graphics, etc. Interestingly, what most people may not realize is that data visualization has demonstrated its potential in the world of HR as well. Yep. Here are some key benefits of data visualization to help you better understand how companies can use this nifty tool in the context of HR management.
- Better decision-making in hiring processes: Hiring is not only a time-consuming process but also a considerably expensive one. Data analytics helps alleviate some of the pressure off this process through vital insights about the characteristics of top performers in a given role, etc. The bonus here is that such insights also significantly accelerate the hiring process.
- Improved workforce planning: Data visualization tools allow HR to identify risks, opportunities, different solutions, etc. much more quickly and efficiently.
- Predict workforce requirements: Predicting trends is quite important in HR as well and data visualization helps companies do just that, allowing them to brace and proactively address any issues that may arise in the organization.
Let us also take a quick look at some key use cases for data visualization in HR:
- New hiring: Hiring is a critical part of ensuring the success of any organization; unfortunately, it can prove to be quite a challenge. In this context, data visualization helps by enabling companies to find insights and vital patterns from extensive volumes of HR data, including top performers’ details such as qualification, years of work experience, job satisfaction, etc. Such insights help drive meaning and robust hiring decisions.
- Talent retention: A company’s success is highly dependent on its ability to retain quality employees as much as it depends on the ability to hire qualified professionals. Data analytics lends considerably in this regard to gain better insights about factors such as why employees resign, are the salaries competitive, does the organization offer ample opportunities for growth, etc. Such data can then ensure pre-emptive strategies to achieve high retention rates.
- Employee training: Modern data visualization tools come loaded with a variety of features, such as workforce planning, etc., to help the HR department keep a close eye on the organization’s problem areas, need for training, etc. Such tools can be used to determine how regular training can benefit both employees and the business, pick out employees who demonstrate leadership potential to provide them with the resources to unlock their potential, etc.
Unlike what some may be inclined to believe, HR planning and management is a tremendous undertaking, especially in the face of the many, many challenges one faces in the modern market. As the above discussion demonstrates, HR can be made significantly simpler to handle with the right kind of tools, such as data visualization. From ensuring improved hiring decisions to leveraging predictive analytics, HR can benefit immensely from this nifty technology. Now, if you too want to put it to work for your organization, we recommend you start looking for a reliable data visualization company straight away.
Olivia Johnson is a technical writer, love to share stuffs related to technology & development.