How Does Employee Time Tracking Software Leverage HR Analytics?

Effective HR analytics Employee monitoring software work from home and time tracking go hand in hand in making the best data-driven decisions. This is essential for organizations due to today’s work atmosphere requiring optimal and accurate employee management for data-driven decisions for increasing efficiency. In today’s blog, we will discuss just that. We will discuss how using good time-tracking software can leverage your HR analytics to get the best employee performance, keep employees satisfied, and drive growth and success for your organization. So, without further delays, let’s get started.       

What is HR Analytics?

In simple words, HR analytics are metrics related to your employees. These are performance and key metrics. 

What’s Included?

It includes employee retention, turnover, attrition, payroll management, employee productivity, performance, and others. 

Why is it Important?

It’s essential because your human resource is the most important resource for your organization. Thus the work of analyzing HR and management must be accurate, inaccuracy-free, and error-free.   

Time-tracking Software and HR Analytics: The Collaboration 

So HR analytics and its importance are clear. Let’s move on to the role of time-tracking software in leveraging HR analytics. Here, two important metrics come into play. 

Data Collection and Management

Software for tracking time not only collects employee data. However, it also logs it for performance reviews and management. This data includes work-time utilization, productivity, and time spent on tasks and projects. This data is 100% accurate and thus aids HRs and managers in simplifying employee management.

Integration with HR Tools

Need more functionality? That’s also simple. All you need to do is integrate time-tracking software with tools for HR analytics. Furthermore, the processing also becomes faster between the tools. For example, you can directly send work-time data to payroll software for automatic salary calculation for direct transfer to employees. This also increases employee satisfaction. 

Read More : Work from home monitoring system

Important Data from Time Tracking Software

Hands down, time-tracking software is the best tool for real-time monitoring and report generation. Although all data is accurate, some metrics are essential for HR managers. Especially, when it is about workforce planning.

Employee Productivity

Employee productivity is one of the factors, which impact the growth and financial success of your organization. Analyzing this against your standards is the key to effectively managing how employees work and the required workforce and resource changes.  

Workload Distribution

Setting this right will decide, whether your employees give their best performance or quit from stress and burnout. The workload distribution must be optimal and data from software for tracking time aids you in simplifying and accruing this process. 

Absenteeism and Attendance

These metrics point straight at employee availability. Managing this ensures that you always have the right team for the right job, leading to maximum productivity. Not only employee attendance needs to be at par. However, there should be minimum absenteeism as well, which is frequent unplanned leaves of employees.

Overtime and Work Hours

You also get accurate work-hour and overtime data of employees, which lets you decide:

• Which employees deserve a promotion and bonus?
• The employees who need training.
• Effectively handle employee concerns.
• Identify top performers.
• Identify employees who are not the best-fit for your organization.

Advantages of Performing Analytics with Time Tracking Data

So what else is in store, when analyzing HR metrics with accurate data from time tracking software? Here are the advantages your HR managers get.

Enhanced Decision-Making

We are talking about data-driven decision-making here. These are the most accurate decisions, which are also proof-backed. 

Improved Employee Performance Management

You will only improve your employees’ performance if your HR management is improvised first. With accurate data from time-tracking software, this can’t get any better. 

Better Workforce Planning

Workforce planning includes onboarding, offboarding, employee availability, and employee training among other essential metrics. Time-tracking software generates accurate performance reports to aid managers in enhanced forecasting and implementation of workforce requirements.

Conclusion 

Using Employee management system for analyzing human resources is the best way to maximize performance and achieve more profits. HR analytics is essential because your human capital is what drives growth for your company. Integrating time tracking and HR tools ensures you make better decisions to accrue workforce planning for better employee performance management. Even after that, leveraging HR analytics can still be complex, if you get the wrong integration. Instead, we recommend getting the best time-tracking tool, DeskTrack, which also comes with the most features for HR evaluation.