Advanced Human Resources Analytics
Course Information:
Venue: | Duration: | Date: | Price: |
---|---|---|---|
Online | 20 hours | Flexi-date | £2,500.00 |
In-House | Agreed with client | Flexible | POA |
London | 10 days | 14-Mar | £5,900.00 |
London | 10 days | 18-Jul | £5,900.00 |
London | 10 days | 7-Nov | £5900.00 |
Who should attend?
- Human Resources Directors who would like to strengthen their position in the boardroom
- HR professionals who would like to go the extra mile in developing a robust HR strategy
- HR professionals who would like to measure contribution of HR towards organisational performance
Accreditations
Outcomes
- Identify the reasoning behind predictive analytics and its benefits
- Explore various levels of analytics and their uses; showing the evolution of metrics into predictive analytics
- Describe the predictive management model and the HCM:21 model
- Appreciate Risk Assessment as a fundamental part of modern human capital management
- Take an evidence-based approach using advanced analytics to develop a collaborative workplace when selecting and motivating people
- Develop Workforce Planning that replaces gap-analysis with the concept of generating human capability
- Change HR service delivery into a value-generating process
COURSE TOPICS:
Introduction to Predictive Analytics
- What is analytics?
- Why is analytics important?
- The language of metrics and analytics
- The power of analytics
- The model of predictive management
- Human resources analytics case study
Human Capital Predictive Management
- The big picture and the value of statistical analytics
- The importance of risk assessments
- How to improve hr process
- The employee value proposition
- Getting support to implement strategy exercise
- Strategic choice and advanced analytics case study
HCM Applications, Analytics and HR Decisions
- IT options and optimal HCM practice
- Enterprise resource planning (ERP)
- Business intelligence applications
- Talent management and advanced analytics
- The new face of workforce planning
HCM practice choice and advanced analytics
- Business intelligence alignment of HCM
- Decision science and implications of HCM decisions
- Human science and selection decisions
- HCM case study
The New Face of Workplace Planning
- Human resources versus human capital planning
- Quality employee engagement measurements
- Collapsing the silos
- Process analysis for human resources
- Human capital planning case study
Optimizing selection and promotion decisions
- Talent acquisition and decisions analytics
- Biases and the selection decisions
- Application of expert intuition to selection and promotion decisions
- Predictive modelling and selections decisions
- Applied econometrics and machine learning techniques
Turning Data into Business Intelligence
- What are metrics?
- Avoiding common metrics mistakes
- Second generation metrics: benchmarking
- Third generation metrics: predictive analytics
- Understanding the data vs In
- Understanding the data vs Insight exercise
- Business intelligence case study
Human Science and Incentives
- Incentive contracts
- Complexity theory and incentive contracts
- The application of expert intuition to incentive and motivation issues
- Predictive modelling and incentive contracts
- HR incentives case study
Data Interpretation
- Predictive Analytics for Human Capital Management
- Using Human Capital Data for Performance Management
- Using HR metrics to make a difference
- Common pitfalls in data interpretation