Coastal News

HR Reporting Using An Executive Dashboard

July 25, 2024

HR dashboards that display a concise and accurate company workforce status help maintain a productive, efficient business. Strategic HR professionals need to be able to report on recruitment, employee performance, workforce demographics, turnover, compensation, employee satisfaction, and other metrics. Having one system with robust reporting capabilities is essential for HR leaders so that they can provide visibility into critical workforce intelligence, allowing executives to stay on top of trends and make informed decisions.

An Executive Dashboard provides high-level information  and statistics in simple, user-friendly graphs and charts. This format allows executives and supervisors to instantly view data needed in making financial and compliance decisions and take a more strategic approach to business management. Data can also be drilled down by department or filtered by date range, so you can see just what you need in one place.

Let's take a look at some of the data available in the isolved Executive Dashboard.
Financial Snapshots

Examine your company’s gross payroll by month, over any length of time. Check for any trends that need correction or to assist with expense forecasting.

Monitor the dollars spent on  your company’s labor and how it is changing over time.

Analyze overtime, PTO and other pay-type trends within your organization, allowing rapid corrections by your supervisors when needed.

Demographic Analysis

Quickly review the gender, age and ethnicity makeup of your organization. This provides a simple check up, and the data you need for compliance reporting.

Headcounts

Employee Type: Visualize  your full-time to part-time employee count instantly and ensure you’re not breaking your budget or running into Affordable Care Act compliance issues. Ideal for seasonal companies, those near the threshold of ACA Large Employer designation and large organizations needing to track how their labor dollars are  being spent.

Tenure: Monitor your employee retention over time and see how well you are retaining your top talent across your organization.

Hiring Trends: Analyze departmental growth, turnover trends, and company growth.

Plus, HR Teams can now anticipate future workforce fluctuations and provide data-based strategic value with Predictive People Analytics.
Related Article: 3 REASONS PREDICTIVE PEOPLE ANALYTICS IS A MUST-HAVE
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