Become Data-Driven in HR: Finding Value in the Numbers with BambooHR

Being data-driven in HR isn’t a new idea, but it’s one that hasn’t fully matured for many organizations. Being “aligned” with corporate goals is no longer enough. HR must continue to grow and show its strategic value across the organization, and that means having the right data at the right time to offer deep insights into the entire employee lifecycle—to show why employees joined the company, what kinds of things keep them happy and engaged, and why they might move on.

Join this session to see how BambooHR can make it easier for HR to leverage data, so you can use reporting to offer actionable, strategic, up-to-the-minute insights.

Outline

  • 00:00:00 - Introduction of the Speaker

Introducing Nicholas Scholz; a storyteller, marketer, father, and a passionate advocate for empowering HR teams. Learn about his interest in discussing science, playing Minecraft, kayaking, writing, and grouping things in sets of three when he is not working.

  • 00:02:15 - The Power of Data in HR

Scholz underlines the significance of becoming data-driven in HR to address the discrepancy between the recognition of people as a firm's most precious resource and the lack of data-fueled practices. Hear Scholz's captivating metaphor about people in Los Angeles witnessing the Milky Way for the first time during a blackout and how it illustrates the transformative potential of data.

  • 00:06:45 - Benefits of Being Data-Driven in HR

The advantages of adopting a data-driven approach in HR include measuring and escalating influence, future trend prediction, unveiling concealed causes, and linking events. Data-literate HR professionals can reduce risks, distribute resources efficiently, and gain insights into the driving forces behind specific outcomes.

  • 00:15:30 - Introduction to Bamboo HR

Scholz introduces Bamboo HR as a tool that enables HR professionals to become more data-driven. Discover how Bamboo HR provides standard and custom reports demonstrating insights on various aspects such as turnover, employee info, hiring, performance, culture, benefits, etc. Scholz highlights key reports - candidate funnel report, candidate source report, and benefits summary report.

  • 00:25:40 - Importance of Various Reports

Scholz elaborates on the significance of different reports in making informed decisions and enhancing HR processes. Key report includes - Equal Employment Opportunity (EEO), company performance, employee well-being report, headcount report, and employee turnover report.

  • 00:35:00 - Customer Testimonial and Conclusion

Scholz concludes by quoting a customer who praises Bamboo HR's reporting feature for transforming their relationship with management and changing their perception of HR. He wraps up the presentation with an invitation for attendees to express interest in learning more about Bamboo HR through a demo.