Business Analytics

Metrics and measurement are a hot topics in human capital management today. Many companies have invested substantial sums of money implementing a back-office HRMS as a component of an overall Enterprise Resource Planning suite. Now senior executives are asking for more sophisticated analytical tools to measure workforce performance and maximize the ROI in people. HRchitect provides Strategic Planning services to help you develop a human capital management systems vision and identify the key performance metrics to measure.

The information needed to provide advanced analytics resides in multiple systems including the HRMS and Financial systems, which must be combined with external market data. Many large companies have taken a best-in-class components approach and a built custom data warehouse. Data is extracted from the various systems, transformed and loaded into the data warehouse. Leading analytical reporting tools including on-line analytical processing (OLAP) technology are then used to provide decision support and present the information to decision makers.

The major HRMS vendors such as PeopleSoft and SAP have introduced more “packaged” approaches to data warehouses and workforce analytics. HRchitect’s Evaluation and Selection services can help you understand the various options that are available so you make the right long term decision.