For businesses interested in workforce analytics (which should be every business), dashboards have become the norm. There is no easier way, for many, to recognize patterns within the data that they have collected. Data visualization is important for your business, but good dashboards require good data. If your data is messy, incomplete, or out of date, your dashboard will mean little.
Harvard Business Review has called dashboards "sexy," and we agree. The hype surrounding dashboards must be accompanied by good numbers. It's important that your business collects accurate, integrated, and complete data so that your dashboards tell a true and meaningful story. As you review your data sets and data sources, you may want to review a short checklist of characteristics that apply to good data.
Businesses need to continually assess the ways in which they're collecting and using workforce and human capital data. Here are three basic elements to keep in mind to ensure that your data is complete and accurate:
Successful companies use data analytics to inform any business move. The days of guesswork are over; we have access to more data than ever before. However, it's easy to think that you have a complete picture when most of the iceberg is still below the surface. Though reviewing sources and integration of data sets can seem time-consuming, it's an essential investment in the health and future of your company.
Now that you understand the requirements needed from your workforce analytics data, you'll want to create your dashboards using the metrics that will help your organization create impactful decisions. Below are some of our favorite workforce metrics that should/can be used for your workforce analytics dashboards:
As you pivot your focus to ensure that you are collecting and using data appropriately, you may find that it's too time-consuming or expensive to do it alone. Talent Data as a Service ensures your data is connected, curated, and current so that you can focus on the analytics that will help your company grow. We focus on your data from beginning to end so that you know where your data is coming from, how it is presented, and what the analytics might mean for your future. Contact us today. SwoopTalent has a track record of helping companies tame the talent data so you can focus on the analytics themselves!
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