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Analytics Articles for Business, Supply Chain and HR

Analytics Articles: Human Resources, Supply Chain, Diversity and Business Analysis

Numerical Insights publishes articles on a variety of topics including business analytics, data analysis, data visualizations tools, improving business results, supply chain analytics, HR Analytics, strategic workforce planning, and improving profitability. We aim to make our articles informative and educational.

 
Posts in Human Resources
Failure is not an Option: The Mindset for Success in Analytics

Being successful in analytics requires a thick skin, head-strong determination and a “failure is not an option” attitude. The challenges are many. They are often unexpected and constantly changing. In this article, I will demonstrate a few of the challenges from an HR analyst point of view, but the challenges apply to analysts in all functional areas.

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How to Create A Diversity Strategy

Within certain countries, the topic of diversity has become a strategic focus. Whether it's issues like gender pay equity or proper representation within a company's workforce, making good decisions regarding diversity goals and strategies has become key. Of course, by "good decisions," I am referencing the data-driven kind.

Like all new initiatives, there comes a time when a company has invested so much money that it starts to wonder when it will see a return.

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The Future of HR Analytics: Consolidation, Self-service and Mobile

During the first few weeks of the year, we inevitably see various organizations issue predictions of what “will be hot.” Unfortunately, these are greatly unreliable because they tend to match whatever that organization wants to sell you this year. Yes, call me cynical. I prefer to gather views from clients and practitioners who live in the real world and who are best equipped to understand the impact of those challenges on what can truly be accomplished today. Based on this type of feedback, here is what I see continuing.

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Practical Analytics: The Value of Actions

In the analytics world, there are teams that are “stuck.” This article is to help those teams get “un-stuck.” Perhaps you headed down the path of analytics without a plan. Perhaps you had a plan but the ever-changing data privacy regulations halted that plan. It’s time to refocus so you can begin to move forward once again.

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17 Analytics Ideas to Get You Started

This list is provided to help you get started in analytics. Examples are from HR-People Analytics, Supply Chain Analytics, Legal, Marketing and general Business Analytics. If you’re only interested in one of these areas, I have identified in each example, the business areas to which the idea applies. You can use that to skip quickly through the list.

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How to Impress your Leadership with Practical Analytics

Show Me the Money: There are several ways that analytics professionals can produce “real money” from analytics…and you don’t need data as large as Amazon’s to do it. Think about two categories of money inside a company. There is the money that comes in from sales and there is the money tied up in various places in the company.

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Math that Keeps Your Company Out of The Courts

With gender and ethnic diversity being such sensitive topics in recent years, it is the responsibility of both Human Resources, Legal teams and math experts to proactively provide statistical back-up to certain workforce decisions. One important application of math to workforce decisions is in avoiding adverse impact.

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Procurement, HR or Finance: Who Owns the Cost of the Workforce?

When we think about our workforce, we generally think about employees of our company. These are the full time and / or part-time people who are on the company payroll and whose names exist in HRIS systems. For this group of people, most of their experiences are driven by the activities of HR (training, performance evaluation, recruitment, promotions, etc.)

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