Picture this: a team of UAE business executives huddled around a giant, glowing screen, scrolling through charts and graphs with wild abandon. No, they’re not playing the latest video game or watching a futuristic sci-fi flick – they’re using people analytics to optimize their workforce and crush their competition.
But what exactly is people analytics, and how are UAE companies using it to achieve business success? We’ll take a closer look at this data-driven approach and explore some of the ways UAE companies are using it to enhance productivity and engagement.
What is People Analytics?
People analytics, also known as HR analytics, is the practice of using data to gain insights into employee behavior, preferences, and performance. By collecting and analyzing data on a variety of factors – from employee attendance and productivity to job satisfaction and turnover rates – companies can identify trends and patterns that inform strategic decision-making.
CIPD introduced 5CO02 evidence based practice module to equip learners with vital HR analytics tools and methods. The module is offered at CIPD level 5 and assessed through written assessments. There are various CIPD level 5 assignment help services that will guide you in acing evidence based practice modules.
How UAE Companies are Using People Analytics
UAE companies are using people analytics in a variety of ways to enhance their productivity and drive business success. For example, some companies are using data to identify high-performing employees and develop targeted retention strategies.
Others are using data to optimize workforce scheduling and improve time management, while still others are using data to personalize employee experiences and boost engagement.
One UAE company that’s doing people analytics right is Etisalat. According to a 2018 report by Deloitte, Etisalat uses people analytics to identify employees with high potential for leadership roles and to develop targeted training and development programs for them. By leveraging data on employee performance and engagement, Etisalat is able to create a more skilled and motivated workforce.
The Benefits of People Analytics
By using people analytics, UAE companies are realizing a range of benefits. These include increased productivity, better employee engagement, reduced turnover, and improved decision-making. By understanding what motivates employees and what factors contribute to their success, companies can create a more positive and productive work environment.
According to a 2017 study by McKinsey & Company, companies that use people analytics are more likely to achieve above-average financial performance than those that don’t. The study found that companies that use people analytics to inform talent decisions are 2.6 times more likely to be in the top quartile of financial performance than their peers.
UAE Companies’ 5 Best Practices to Implement People Analytics
While the benefits of people analytics are clear, implementing a people analytics program can be a complex process. To get the most out of people analytics, UAE companies are following some best practices, such as:
- Defining clear goals and objectives for the program.
- Ensuring data privacy and security.
- Building a strong data culture within the organization.
- Providing training and support to employees.
- Using the right technology and tools to collect and analyze data.
Key Take Away!
People analytics is a powerful tool that UAE companies are using to crush their competition and drive business success. By leveraging data on employee behavior, preferences, and performance, companies can optimize their workforce and create a more productive, engaged, and motivated workforce.
If you are a human resource management student, consider exploring MBA project topics on HR analytics to explore how companies can achieve their goals using analytics.