The Human Resources department maintains a vast amount of critical employee data, including employment history, demographics, performance appraisal, total compensation, and more.
Analyzing past data in any of these areas can help HR leaders to streamline processes, reduce costs, and provide operational reporting to the rest of the organization.
¨It is challenging to link any HR metrics to business outcomes if you do not understand the company strategy and how value is created.¨ – Patrick Baeckelmans, Sales and Business Development Manager, Northern & Central Europe
While reporting can provide operational insights, it only scratches the surface of the impact of HR decisions on real business outcomes.
Many companies have sunk significant capital in enterprise resource planning systems and human resources information systems. However, they still see that HR is missing a seat at the “big table” due to a shortfall of business acumen within the HR department.
In order to bring all the pieces together with workforce planning, rewards modeling, and integration of HR strategies with business plans, HR leaders need to visualize and understand the impact of their programs on the bottom line. ProgresSum can help HR departments draw a direct line from their actions to business outcomes by empowering them with analytical consulting services and next-generation IT tools.