In today’s competitive business environment, data-driven decision-making is essential for optimizing resources and driving growth. Your most valuable resource is your people, and this is where analytics becomes crucial.
Currently, more than 70% of companies use people analytics to enhance their performance. However, the effectiveness of these analytics depends on how they are utilized. This is one area where the UKG Pro® Suite excels. In this blog, we’ll explore how to leverage insights from UKG solutions to benefit your organization.
What Is People Analytics?
One of the key strengths of the UKG Pro® solution is its ability to gather and analyze data on your workforce, identifying areas for improvement. People analytics involves analyzing this data to address existing challenges and optimize your human capital management (HCM) strategies.
The challenge with people analytics lies in the diverse sources of data, which include both internal HR systems and external resources like salary surveys. Understanding your workforce’s needs is essential for empowering them, which in turn can significantly boost company performance. For example, empowered employees are 76% more engaged and 50% more productive, according to recent studies. Imagine the positive impact these improvements could have on your organization!
However, to unlock these benefits, it’s critical to gain a comprehensive understanding of your business operations and how you serve your people.
Human Capital Management: Why People Analytics Matters
Your workforce is the greatest asset your company possesses. Leveraging people analytics through the UKG Pro® Suite allows you to maximize this asset. While decision-making based on gut instinct was once the norm, today’s businesses have the advantage of big data analytics to identify new opportunities. A recent study shows that companies utilizing data analytics effectively see a 15% increase in overall productivity.
So, why should your business use UKG solutions for employee data analysis? Here are some key benefits:
- Better Recruitment and Onboarding: Identify the most effective recruitment strategies and compare your onboarding process with industry competitors to ensure you’re attracting and retaining top talent.
- Boost Employee Engagement: Uncover the factors contributing to high turnover rates and address the pain points that hinder employee engagement. A strong corporate culture rooted in data-driven insights is crucial for achieving long-term success.
- Improve Team Management: Assess team performance in real-time, pinpoint areas for career development, and provide the support your employees need to excel.
- Workforce Planning: Use data to identify the best candidates for promotion and development opportunities within your organization, ensuring a robust succession plan.
These are just a few of the ways the UKG Pro® Suite can enhance your business through comprehensive people analytics. It’s an all-in-one solution that offers deeper insights into your workforce than ever before.
How UKG Solutions Empower Your Data Analytics Strategy
The UKG Pro® solution is designed to deliver the in-depth data your company needs to put your people at the core of your business strategy. However, finding a solution that covers all the necessary aspects of data analytics can be challenging. Here’s how UKG solutions simplify and enhance your data analytics strategy.
Centralize Your Data
Workforce analytics often come from various sources, both internal and external. The challenge lies in gathering this data, ensuring it’s up-to-date, and keeping it organized, especially when dealing with disparate systems.
UKG Pro® simplifies this by centralizing all your data within a single platform, regardless of the data’s origin. This comprehensive approach ensures you have a complete and accurate picture when making critical business decisions, enabling you to leverage your data fully.
Acquire Actionable Insights
The goal of people analytics is to provide concrete data that informs decision-making. However, even the most advanced data analysis platforms can encounter discrepancies, leading to reliance on intuition and gut instinct—exactly what data-driven strategies aim to avoid.
UKG Pro® offers a suite of reporting and analytics tools powered by AI, providing transparency and delivering insights that are truly actionable. These tools help companies address common workforce challenges, such as:
- Scheduling Conflicts: Optimize your workforce scheduling to reduce inefficiencies.
- Compliance Issues: Stay ahead of regulatory requirements and avoid violations.
- Employee Burnout: Identify early signs of burnout and take proactive steps to maintain a healthy work environment.
Be Proactive in Your Strategy
While many companies consider themselves proactive, much of traditional data analysis is reactive—analyzing data to identify existing problems and then responding to them. But what if you could predict and prevent issues before they arise?
UKG Pro® enables this shift with predictive analytics tools that monitor key metrics such as employee retention and pay equity, providing real-time insights. This allows you to anticipate challenges and address them proactively. Furthermore, the flexibility of UKG Pro® means it can be customized to fit your unique needs, ensuring that your data analytics strategy is as effective as possible.
How to Use UKG Data Analysis to Improve Your HCM Processes
UKG Pro® Suite is a powerful tool, but it won’t implement strategies for you. To maximize its potential, it’s crucial to secure workforce buy-in and establish a dedicated team responsible for reporting and acting on data-driven insights.
So, how can you effectively utilize UKG Pro® solution’s data analysis capabilities to achieve tangible improvements across your organization?
- Measuring Performance: Use UKG’s analytics to set employee benchmarks and track ongoing performance. This data can guide the creation of targeted coaching programs and allow you to compare results with top-performing teams and individuals.
- Making Promotion Decisions: Ensure you’re promoting the right people by leveraging UKG Pro’s data analysis. Identify your highest-performing employees, support their career development, and enhance retention by making informed promotion decisions.
- Understanding Attrition: Predict which employees might be at risk of leaving by analyzing performance trends and past attrition data. With these insights, you can take proactive steps to prevent turnover and strengthen your core team.
- Increasing Engagement: Employee engagement is key to a thriving workplace. UKG solutions provide real-time, relevant insights into engagement levels, allowing you to act quickly to enhance employee satisfaction and productivity.
- Improving Development Outcomes: Training and development programs are vital, but are they delivering the desired impact? UKG Pro’s predictive analytics help you pinpoint areas where your programs may be falling short, and guide you in making necessary adjustments for better outcomes.
Leveraging Insights With UKG Pro® Solutions
The UKG Pro® Suite offers a flexible platform that empowers employers with the critical data needed to make informed decisions. By embracing the leading analytics solution in the HCM market, you’re not only adopting cutting-edge technology but also gaining a competitive advantage.
Ability to tailor the UKG system is key to achieving the results you expect. At Ascend, we’re here to help you unlock the full potential of UKG Pro®.
Contact Us today to learn more about how we can support your journey.
