Smart ERP Solutions Inc

HCM Analytics collects the relevant data from the database which can be analyzed to monitor the efficiency and functioning of the employees.

The solution facilitates the management and helps in developing insights to create a balanced working environment in the organization. Additionally, it captures data about Recruitment, Retention, Performance and Career Management, Training, Benefits, Workforce, Organization Effectiveness etc. and other different functional modules which help in analyzing and decision-making.

• Benefits
• Headcount
• Hire and Separation
• Open Requisition
• Payroll
• Separation by Years
• Training Hours

Headcount

• Headcount Analytics provides useful information about employee movement into, out of, and within a corporation, division or department
• HR executives and analysts may also want to analyze various HR actions and employees affected
• Apart from HR analysts, even business unit managers monitor headcount, payroll and job satisfaction metrics to identify over- and under-performing managers, recruitment and compensation trends affecting human resources costs, and trends in employee performance
• These analyses also reveal areas for required compensation, training investment and recruitment budget revisions

Retention

• Rising costs, increased competition and time necessary to hire and train new talent make retention of your top performers imperative to growing your bottom line
• Track employee turnover compared to the healthy range for your organization
• Trend analysis of previous time period say six months, with drill-down feature may give HR inputs to focus on the right concerns like Professional Development, Training, Competitive Salary, Insurance Compensation covering the family, possibilities of internationalization, working environment and Flexibility

Payroll

• Payroll analytics could be used to improve the profitability by conducting an in-depth analysis of various aspects of the payroll
• Future course of action can be planned, by identifying areas that are contributing an inordinate percentage of indirect labor costs and tie company performance to individual groups or shifts
• Important payroll analytics to track could be the counts by compensation range, year, frequency, pay-period; or gross / net pay for pay-period, business unit, and department

Benefits

• Tailoring a benefits strategy for your business, in this increasingly competitive job market, is the key to attracting and retaining valuable employees
• Benefits analytics will help you to analyze recent trends that may have a bearing of your employee benefits going forward; this will help identify changes you would like in the upcoming year
• A thorough and complete analysis of the benefits plan by coverage codes, programs and more