Thursday, April 30, 2015

Dynamic Reporting Tool Analytics Drive Results

“As we work with customers to maintain regulatory compliance, the message always seems to revolve around reporting tools,” says Laura Randazzo, Vice President of Compliance with Aurico Reports, Inc. “HR professionals want evidence of EEOC individualized assessments, proof of adherence consistency with compliance policies, and global adverse action history. They want to be able to effectively report background screening metrics during the ultimate challenge from a regulatory agency’s audit.”

The capture of talent acquisition data is fundamental to talent acquisition performance and productivity. It is key to making hiring decisions that mitigate corporate risk and drive operational success. The five reporting tool essentials include:

Business Intelligence

Reporting tools should meet every user where they are, without changing the way they work. Whether their business is small, medium, or enterprise size, they should have quick access to consolidated information to support HR planning, budgeting, forecasting, and performance. Reports should provide benchmarks needed to control costs, evaluate the effectiveness of a corporate talent acquisition program, and validate the use of compliance and industry best practices.

Timely Answers

Best in class reporting tools make background screening raw data meaningful by translating it into useful information and giving answers in real time. Using a cloud based solution increases speed to answers, enabling the generation of reports from a browser, tablet, smartphone, and/or universal operating system anytime and anywhere. The speed and flexibility offered by dynamic reporting pays huge dividends when an HR team is called upon to provide data about candidates, spend, and regulatory compliance.

Create Ad Hoc Reports

Metric-minded HR professionals want robust and flexible reporting tools on the fly, as opposed to hard coded pre-developed reports that may cost additional investment and time when a change is needed. Therefore, reports should be easy to create and require minimal training or IT support. The best hiring decisions arise from analytical insight derived from tracking and manipulating screening events and results.

Detailed Snapshot

Delivery of information in a cohesive format provides stronger decision making value. Rapid visualization and graphic depiction within an easy to read and manipulated dashboard, make the use of metrics easier for the non-technical individual. The ability to manipulate data on screen, via printout, or within a spreadsheet after download reduces data complexity and encourages its use.

Data Privacy and Security

There should be limits to the availability of Personally Identifiable Information and result data within a report. Access should be locked down at the user, location, product, cost center, subject, or custom levels, thereby provided on a need to know basis. Technology should be available to make and monitor strict policies to ensure maximum data privacy and security.

Reporting tools help companies make fact-based and insightful decisions that improve company talent acquisition performance. “Background screening reporting tools have the additional goals of providing compliance data and supporting regulatory audits,” concludes Laura Randazzo. Reporting tools maximize efficiencies and provide HR professionals with a significant edge.

No comments:

Post a Comment