SHARP HR Reporting and Analytics, SAP-Qualified Partner-Package
HR Analytics Challenges
Many statistics say that firms spend less than 1 percent of their business intelligence budget on HR Analytics. Whereas HR (organization’s workforce labour expenditure) making up, typically, 31 percent of a business’s total operating expenses, the premise is that this should be among the top three funding areas.
The other functions of the organizations have been able to quantify the requirement of analytics for their purpose by a business case by demonstrating that their analytics efforts lead to actions that the business must take and/or didn’t know about before, but unfortunately HR struggles to do so for themselves.
The need of the hour is for HR to demonstrate its ability take actionable analytics quantifying a business case such as increasing sales, competitors stealing customers, reducing spending, improving productivity, as well as fulfilling national laws. The present model for today’s human resource (HR) analytics just doesn’t provide that strong, credible “business driver” for investment.
At Renew HR we approach the HR analytics journey of a customer in an entirely different manner. We strive first to understand the customer pain points and what they want to achieve before offering a solution. Hence the technology selection comes much later in the process. Our HR Analytics Client Journey illustrates the interactions a customer has with Renew HR, across this transformation initiative.
The journey begins with the Discover phase, where the customer engages with the Renew HR Professional Services team to specify all of their business needs.
We then work with the customer to prioritize these needs by urgency and significance. This provides us with a solid base to begin their analytics journey.
In the Design phase, Renew HR team, and the customer works together to go from the strategic aims to applicable KPIs and metrics. We analyze the data that is currently being collected to construct Insights which are closely aligned with Client’s strategic vision.
In the Execute phase, we roll out the analytics designed in the earlier phase. Renew HR offers advice on how the customer’s analytics team should be structured for future problem-solving opportunities.
In this phase, we also analyze how the new analytics are helping in the decision-making process and measure the impact of new analytics on business.
Continous business improvement
We realize your business is evolving and keeps changing based on the market dynamics.Thus the insights which you would need for decision making for your Organization also has to be dynamic. We provide post go-live services to build new and enhance your existing set of analytics.
HR Analytics Technology Options
HR has quite a few choices here. Broadly speaking the following are various options available to HR professionals:
- SAP Analytics Cloud, SAP’s BW/BI on HANA, Digital Boardroom, Lumira, Business Intelligence and Reporting Tool (BIRT), SuccessFactors Workforce Analytics (WFA) all part of SAP’s Analytics offerings.
- There are other 3rd party solutions such as OneModel, MacroMicro, Visier etc. who provide specialized HR Analytics
- Renew HR in partnership with SAP Analytics Cloud offers SHARP HR Analytics, which can enable you to solve your business challenges.
We can assist you to device your HR Analytics strategy and build your KPIs and measures for your business, irrespective of your choice of the technology.
SHARP HR Analytics
We have decided to team up with SAP Analytics Cloud to come up with a packaged solution which helps you to take advantage of your investment in SAP SuccessFactors, SAP HCM or any other HR solution that you may have in your organization.
The reason for us to partner with SAP Analytics Cloud is to provide your Organizations with rapid implementation of solution quickly leading to business benefits.
The Visualization rich business content data exploration, data inference analysis, and predictive analysis offer the business insights they need to make better decisions and enable them to act is what will distinguish between who is the disruptor or disrupted.
Benefits of SHARP HR Analytics Package
Following are the benefits of our SHARP HR Analytics package based on SAP Analytics Cloud:
- Very competitive and cost-effective solution which charges per user vs. number of employees in your organization
- Best practices model Industry and LoB specific, e.g., HR
- Boardroom agendas
- Insightful and Easy to Use Visualizations and Stories
- Jump Start with Renew HR specific KPIs, Models
- Recommended data sources and prebuilt connectors
- End User Training How-to-guide