Business intelligence regarding employee performance has changed drastically with new technologies. Behaviors, advances, and gains can be measured, analyzed and converted into usable statistics—improving insight and aiding in the development of actionable solutions.
With the use of Business Intelligence report migration, the transfer and analysis of data to a more efficient system can be done easily, allowing employers to determine their most valuable human assets. Identifying your best employees does little good if the management team is unable to use that information to retain them. Business is an increasingly competitive field, and new companies are able to offer incentives that go above and beyond your usual benefits packages.
Retaining Your Best Assets
Even the most loyal employees can be enticed by good opportunities. Retention rates are primarily impacted by management practices. A bad or misinformed managerial team can drive the best employees away faster than anything else. Oracle Fusion HCM provides multiple tools that can be used to track everything from payroll to the management of the company’s top talent. The more information HR has, the better prepared they can be to predict and adapt to employee behavior; resulting in a better relationship.
More businesses are shifting away from the acquisition of new talent due to the stabilization and growth of certain industries. They’re focusing on keeping highly trained and tested employees secure within the company. Doing this requires an advanced level of intelligence, and the right BI tool migration can help.
One of the most powerful tools any managerial team has in their arsenal is the performance appraisal. This does more than fill a spot in an employee file, it evaluates their contribution to the company and identifies weak points. It can also act to motivate employees and provide opportunities to incentivize certain contributions. An accurate performance appraisal requires complete and precise data, and an advanced BI report can help.
If you’re ready to take advantage of BI conversion or migration, DataTerrain can help. We have the experience and expertise to give you a competitive edge in the world of business. Contact us today!