I will never forget the day I was making caramel apples with my granddaughter. I asked her what she was making and she said, “I am making a dinosaur.” I chuckled and replied, “Are you sure you are making a dinosaur? I think it is a caramel apple.” She insisted she was making a dinosaur, as she began making roaring sounds. She was looking at things through a different lens and that became her reality. That got me thinking - viewing HCM data can be a lot like that too. How many times do you view HCM data through one lens, thinking it is accurate, but then find out that the information is outdated because it’s not in real-time? Or maybe you’re pulling information from multiple spreadsheets or from disparate systems? Pulling data from islands of information is not only time consuming but also makes it difficult to make sense of that data and can lead to bad business decisions.
It all comes down to having the right tools in place to make better decisions with real-time access to predict outcomes. You should be looking for a single solution that provides tools to access, report on, analyze, and connect HCM data. Let’s review three tips on what to look out for when evaluating a new HCM solution that will help you see your HCM data through the right lens from the start:
1. Single source of HCM data
A single source solution provides you with the ability to access large amounts of data across all areas of HCM. Having your HCM data in one place gives you a unified way to access information easier and faster and report on the data anyway you like. A single source of the truth provides you with accurate and constant data, eliminates errors that might occur from duplicate entry of information and addresses concerns around your people and business. With a single source of HCM data, you can have access to reliable information, enabling you to project into the future and predict business outcomes, mitigate risk and proactively to take control over what is happening in your business.
2. Real-time people analytics insights
A powerful artificial intelligence (AI) engine gives you the ability to leverage all your HCM data through capabilities like mobile analytics, embedded analytics, and dashboards. Delivering this type of insight allows you to make better strategic decisions. Real-time analytics provides you with a proactive approach to things like hiring the right talent, knowing an employee’s potential, predicting flight risk, employee fatigue, and so much more. A great AI tool will learn behaviors and the history of your employees, alerting you when there is an area of concern, so you can look at patterns and give the best recommendations. Having the right data through real-time analysis of your workforce and automating that data’s delivery with artificial intelligence will help your organization today and help you plan for tomorrow, freeing up time so you can reach your strategic goals.
3. APIs that integrate
An Application Programming Interface (API) works with other data so you don’t have to, freeing up time and valuable resources. Integrating your HCM data with other data sources in your ecosystem gives you the ability to extend your platform. A great API platform provides flexible and on-demand access to pre-built connectors and the capability to build your own connectors that work for your organization. A best fit API tool provides clearly defined, seamless communication between your HCM platform and other business systems, gives you the data you need to increase efficiencies and streamline workflows and processes across your organization.
If you’ve been struggling to see your HCM data from the right perspective, there’s good news! You don’t need to know everything about managing a single source of data, artificial intelligence, or APIs to make the most of your HCM strategy. You just need the right HCM partner that understands your business to deliver a single source of truth across the full human capital management spectrum, providing you with actionable, reliable insights to drive better business decisions.