Kronos Incorporated announces the introduction of Advanced People Analytics for Kronos HCM Advanced human capital management solutions suite, applying machine learning to real-time data available across the entire employee lifecycle to provide personalized and proactive people-centric insights, predictions, and recommendations.
Powered by AIMEE, the engine for managers and employees, Kronos HCM Advanced People Analytics uses machine learning to help organizations analyze, understand, and act on the volume of human resources (HR), workforce management, and payroll data in the unified Kronos HCM database to influence future business outcomes.
With Advanced People Analytics, organizations gain access to three data science tools that any manager or administrator can use to replace anecdotal decisions with unbiased, evidence-based actions, according to Kronos.
These tools include:
- Insights Powered by AIMEE delivers data views in planned areas such as absence, flight risk, leave, onboarding, performance, and recruiting. Flight risk, the first available Insights data view, combines predictions around employee attrition with succession planning to help organizations make proactive choices to prevent at-risk employees from leaving.
- Insights Explorer is an enhanced data exploration tool that makes it simple for HR and payroll professionals, finance teams, and operations managers to dissect data from across the employee lifecycle using a descriptive analytics engine to find connections between engagement, performance, and productivity with a variety of datasets. The first datasets are HR trends, timecard exceptions, time-off, and points, which are often used to reward and reinforce desired behaviors.
- Insights Dashboard displays at-a-glance visualizations generated in Insights Explorer, providing people managers, senior leaders, and executives with a single view of the most critical people-centric data in one spot to further foster in-the-moment decisions.
The company says Advanced People Analytics complements Employee Perspectives, a self-service predictive analytics tool that allows organizations to define and build their own people-centric indicators around the workforce trends and employee behaviors that matter to them using data from across the Kronos HCM unified database.