Proshare Logo
   Market Date: 22-08-2014   
Archives Bond Market Frauds & Scandals Market Updates MoneyIssues Mutual Funds NSE & Capital Market Opinion & Analysis Pensions Proshare Analyst Views Proshare Law Q & A with CEO Regulators Reviews and Outlook Taxation The Economy

Big Data for enhanced personnel Insight -

  Read (511)

Monday, February 03, 2014 14:01 PM / By Adebayo Sanni, Country Director, Nigeria, Oracle

 

The dynamic nature of the modern job market is fuelling the need for deeper workforce insight across all levels of a business so that managers can make proactive personnel choices that will positively impact their operations.  Today, the foundation for informed decision making lies in the vast amounts of employee data that businesses collect each day. By linking the data collected from employee behaviour and analysing it in light of their business strategy as a whole, companies can promote long term success in an increasingly competitive environment.

 

As the proliferation of internet and social media usage in the office continues to accelerate, the volume and unstructured nature of employee data that businesses are collecting makes it increasingly difficult to treat with pre-defined models or analyse in a constructive context. In order to make all this information actionable, HR managers must extract information from these diverse sources and correlate it back to their structured company metrics data, thus enabling the development of meaningful insight. An application that extends a businesss analytic capabilities by allowing it to unite both unstructured and structured data in this way can greatly enrich its long term HR vision. 

 

The struggle to balance short-term cost obligations while keeping abreast of long term personnel issues is one of the major challenges facing todays HR strategists. The more informed executives are about the future, the better equipped they are to handle delicate situations in the present, and this is where data analysis can serve another meaningful, high-level purpose. For example, unstructured data on employee sentiment gathered from yearly performance reviews can be enriched, codified and mapped out against broader company data to highlight big-picture trends in employee performance and engagement. This information can then be factored into the development of effective personnel strategies. 

 

With the capacity to apply useful structure to a large volume of loose information, HR executives can ask themselves important new questions concerning the current and future state of their business. Perhaps just as importantly, they can intuitively know where to find the answers to these queries quickly and efficiently. The level of introspection that this ability affords them promotes a more organic HR management process, as more insightful workforce analyses give rise to more frequent and more self-aware strategic planning. This deeper insight into employee performance promotes the development of forward-looking HR strategies that will help businesses meet both present and long term challenges with confidence.  



Tags: dynamic nature,  market,  business strategy,  Adebayo Sanni,  Country Director,  Nigeria,  Oracle,  HR strategists, 


Comment With Your Facebook or Yahoo! ID


Latest Articles


Latest news

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint