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Strategic decision-making requires considerable feedback from employees, customers, shareholders and other market players engaged in your business. Big data helps organizations build a consensus on how to approach upcoming projects and plan for the future. This is possible with human resource software technology improves the workflow and brings order into business processes. Moreover, tabulating HR data systematically helps organizations gain access to key performance indicators (KPIs).
 

KPIs help businesses re-align their efforts towards reaching the goals of the company and are a critical factor in measuring success. Performance management for the most part is data-driven and therefore, requires real-time updates on processes both within and outside the organization. HR software enables data acquisition on a large scale. Using this data, management can build a suitable business model that will fulfill the objectives of the organization as a whole.
 

With HR data, it is possible to measure performance and employee engagement. These two factors are reflective of the overall standing of the organization in a competitive environment. In order to reduce the employee attrition rate, management should acquire sufficient data on the inner workings of the firm. This data must also be current so as to be of any relevance to the job at hand. For this to happen, managers must identify and assign specific job roles to every employee within the firm.
With HR software, best-in-class organizations are 81% more likely to assign specific job roles to each employee. The report further reiterates the need for talent acquisition with 62% of all respondents citing difficulty in acquiring the right talent (April 2015). Another 28% believe that lack of transparency and communication around internal decisions is a major factor for most employees to leave an organization.

All this justifies the need for feedback and can be gotten on a regular basis with HR Software. Technology is the enabler and helps businesses manage HR in real-time.

For more information about the product, please visit SutiHR. Click here for Free Trial.