The recent spate of frauds in some reputed financial institutions and the safety concerns in shared economy models have highlighted the need for employment verification and a thorough background check. Organisations are increasingly investing in background screening to protect the corporate reputation and to ensure financial security. Organisations are increasingly investing in employee background verification to mitigate workplace thefts and sexual harassment incidents, making sure that the company remains legally compliant. A pre-employment background verification helps businesses in their hiring decisions to secure a motivated, professional workforce and make the workplace safer for everyone.
Background verification failed helps employers make the right hiring decisions which can go a long way towards mitigating workplace thefts, violence resulting in injuries, data or material theft and sexual harassment incidents. The recent spate of frauds in some reputed financial institutions and the safety concerns in shared economy models have highlighted the need for employment verification and a thorough background check. Organisations are increasingly investing in background screening to protect the corporate reputation and to ensure financial security.
As the pace and scope of operational effectiveness grows, HR departments are increasingly stuck in a reactive mode. In an environment where IT can crank out improved product prototypes in less than two weeks, HR is often stuck being reactive. The important issue of employee retention has to be resolved and one of the smart retention strategies is to invest in exit employee analytics. HR professionals need to store and manage exit employee analytics in a systematic manner in order to derive meaningful strategies for retention. Manual entries are time-consuming and error prone; they can also result in the loss of data. In a highly connected world, HR professionals not only need to provide verification of ex-employees but also verify future employees in an efficient way.
Although most HR managers realize that employee retention is a critical issue, very few have a great strategy in place. A smart strategy to tackle this issue is to invest in exit employee analytics. By storing and managing exit employee analytics systematically, HR managers can create valuable strategies for retaining their staff. Manual data entry is not only time-consuming, but it can also lead to errors and loss of important data. In today’s world, it is key to be able to verify both current employees and candidates for future positions quickly and efficiently.
What is Employee Analytics?
Employee analytics is broadly defined as the measurement and tracking of employee data to make informed decisions that improve business performance. Using human resources data, companies can discover patterns, benchmark their success, and improve the productivity and retention of their workforce.
The benefits of employee analytics are far-reaching; HR leaders can look beyond simple retention strategies, tapping into this valuable pool of data to uncover insights on every aspect of talent management. Using employee analytics to evaluate your company’s performance against data from other companies can help you identify areas for improvement and focus your business development efforts. Studying historical trends in sales and marketing teams can highlight bottlenecks and lead to new strategies for increasing business growth.
