Data is changing the way we live and work. Despite the advantages of business intelligence and data-based decision-making, tapping into the right data sources and reporting that intelligence back to key decision-makers can pose a few challenges.
Challenge 1: Data Sources Tell Different Stories
Siloed data is a major business challenge—especially when you’re interpreting insights from several different systems and trying to tell a comprehensive story. Which source do you trust? In a video interview with Oracle customer Dow Chemical, Don Gaertner, the company’s global director of HR systems, spoke about a prior struggle with “spot solution” analytics that led to inaccurate reporting. To tackle this problem, Dow Chemical created a global reporting warehouse with the goal of keeping all of its data in one place, which would then roll up to the highest levels of the company. One platform, one story.
Challenge 2: The Reporting Doesn’t Mean Anything
Although the hope with HR reporting is that it will inform decisions, often those insights travel no further than the spreadsheets they were delivered in. Role-based, user-friendly templates can help HR leaders digest valuable data points. At Oracle HCM World this April, HR leaders from American Express will share the company’s journey to finding meaning behind HR analytics. Thanks to dashboards with real-time metrics and trends, American Express’ HR group is able to measure recruiting effectiveness, drive its talent acquisition strategy, and manage individual recruiter performance.
Challenge 3: HR Analytics Lack an Enterprise View
While an organization may have a robust HR analytics program, there needs to be synergy with finance and operations in order to plan for the future. Given that employee compensation is typically one of the largest line items in the corporate budget, it’s important that finance and top-level business leaders have visibility into HR data. One of the reasons Dow Chemical rolled out an enterprise-level data platform was so senior management didn’t have to wait for HR reporting to come to them—they could immediately access insights such as overtime reporting and make decisions based on those findings. During HCM World, Oracle’s Guy Waterman and Nancy Estell Zoder will present a track session dedicated to workforce planning and budgeting and ways to find synergies between corporate planning and HR. This session will not only be valuable for HR but also corporate planners finance and IT professionals.
Attend Oracle HCM World in Chicago for an entire track dedicated to workforce analytics. In addition to customer case studies from leading brands such as Dow Chemical, American Express, BlackRock, and Caterpillar, you’ll hear from Oracle experts on how Oracle products can drive insights into recruiting, planning for, and retaining talent. Tintu Jose from Accenture will also present a session on how custom analytics and dashboards can help Oracle HCM cloud users meet specific reporting requirements. Don’t miss it!
Workforce Analytics sessions will include: