The overflowing databases of HR departments must be organized by using cloud analytics algorithms to get the segregation of large amounts of data. The use of cloud analytics enables the delivery of algorithm-based solutions to avoid the complexity and burden of manual data handling. Cloud analytics also lowers the maintenance cost of storage infra. HR managers can emphasize on cloud analytics techniques to ease the handling of large-scale data warehoused in cloud storage. The inclusion of cloud analytics in HRM practices helps provide the best employee experiences and positive growth in business prospects.
Cloud Analytics Key Approaches in HRM
Descriptive Analytics: HR departments can use descriptive analytics to get summarized versions from employees’ historical data. A descriptive analytical approach helps organizations produce reports on Key Performance Indicators (KPI) and other talent acquisition metrics.
Related Analytics: Offers talent acquisition insights according to the company requirements. The analytical report also provides hiring cost, time duration of the hiring process, previous performance comparisons, and hiring budgets.
Significance of Cloud Analytics in HRM
Analyzing Employee Behaviors: Analytic algorithms can enable HR departments to assess employee behaviors. Thus, behavioral analytics help to initiate employee development programs and post-assessment of employee behavior reports. Understanding the behavioral patterns of employees helps strengthen employer-employee engagement.
Optimizing Employee Performance: Cloud analytics also help optimize employee performances of remote as well as onsite employees. Cloud analytics extracts information from employees’ day-to-day work data and provides customized reports. Businesses are investing in intelligence and analytics to enhance the performance of employees. Similarly, cloud analytics provides brief dashboard insights to HRM departments by skipping old bottlenecks of mass data.
To Know More Visit @ https://hrtechcube.com/cloud-analytics-in-hrm/
An employee engagement HR analytics platform, inFeedo, has raised $700,000 financing from a Silicon Valley-based startup incubator, Y Combinator.inFeedo raises $700K fundingAs per an ET report, the angel investors like the founder of Innov8, Dr. Ritesh Malik, former Facebook Director Anand Chandrashekharan, Lenskart Co-founder Peyush Bansal, Inventus Law founder Anil Advani, Cisco’s Vinod Muthukrishnan, and Kwench founder Sunder Nookala also took part in the funding round along with 100x Entrepreneur Fund that led an oversubscribed syndicate through LetsVenture.Commenting on the development, Tanmay Jain, Co-Founder and CEO of inFeedo said, “Our main aim to fundraise during the pandemic was to double down in South-East Asia and build a leadership team that helps customers remotely connect with their employees better and comes out of Covid-19 stronger than before.”It can be recalled that the firm had raised an undisclosed amount of funding in December 2016.
The round was driven by a partner of UK-based hedge fund Redcliffe Capital, Dheeraj Jain and former Google India Operations Head, and Palash Jain.Established in 2013 by Tanmaya Jain and Varun Puri, inFeedo operates by providing Chabot software as SaaS to other businesses to enhance employee engagement and HR analytics.For more HRTech news, Log on to www.hrtechcube.comFor more such Updates follow us on Google News Hrtech News
