HRO Today October 2019 - 27

Data Empowering Business
Decisions
With Barry Morris, CEO of CapRelo
Barry Morris
CEO, CapRelo
Aligning data analytics with organizational goals and objectives are the foundation of a successful global mobility management program.
Putting reliable data analytics and reporting processes in place will help organizations use the data to make actionable business decisions. Here,
Barry Morris, CEO of CapRelo, shares best practices to leveraging data reporting and the impressive results that come along with it.
Q: How should organizations
A:
approach data reporting for HR?
The best way to approach data
reporting and analysis for
mobility managers and HR
professionals begins with understanding
and defining the purpose of the data
and what you want from the analysis-
what answers or direction are you trying
to get from the data, like ROI or
budgetary spends.
To do this, first you must outline your
organization's HR goals, particularly in
terms of your global mobility programs.
Second, align those goals strategically
with a data analytics tool that will
enhance your organization's ability to
make better decisions.
Third, you want to know and have
access to all the raw data that can affect
your employees. Typically, this includes
internal data, supply chain partner data
and external sources, like demographics,
high-cost of living cities, and estimated
expenses associated with relocations.
Finally, to get what you want from
data analytics consider working
with a partner, with strong business
intelligence capabilities as a true
extension of your HR and global mobility
management function.
Q: What benefits can be achieved?
A:
There are direct benefits that can
be achieved through having a
mobility partner, with a strong
and powerful data analytics dashboard,
which will allow the HR professional to
save time, reduce costs, and have realtime
data regarding not only the bottom
line but also in this case be able to
predict what's coming down the road.
For example, if the organizational
goals are to improve customer service
satisfaction, the employee experience
and retain better talent-there are key
predictive indicators that can be derived
from aligning your business technology
with an integrated data system built to
streamline internal workflows, so you
can get data analytics as quickly as you
require. The proper data reporting
system should give you quicker data,
response times, and answers, allowing
you to make smart talent decisions.
Q: What roles does technology play?
A:
As the mobile workforce becomes
increasingly international in
scope, HR managers require
predictive and prescriptive analytics to
ensure goals are met. Accordingly,
global mobility programs are operating
in an ever more complex and data-driven
environment.
Leveraging cloud IAAS (Integration as
a Service) is important for increasing
the ROI of any global mobility program.
In terms of data security, it's key to
note that your technology and data
security must sync up. Meaning if you
are keeping employees' information
in multiple formats over several
different platforms, the likelihood of a
data breach is greatly increased. Data
security breaches affect not only the
global mobility industry but everyone.
From large corporations to smaller
subsidiaries-the question we keep
asking ourselves is how secure is our
data? There are five things you should
know about keeping your technology
and data safe.
1. The most dangerous threats are hiding
in plain sight. Set up internal security
processes and monitoring so customer
and personnel data is protected.
Leverage third-party security auditing
firms to ensure the latest and greatest
security processes are used.
ADVERTORIAL
2. Hackers are always at work devising
new ways to breach systems. Develop
processes and leverage technology that
allows you to be dynamic in addressing
daily security threats that can impact
your data integrity.
3. Personal data requires the greatest
vigilance. Have systems and staff in place
to constantly review and police yourself.
4. Keep an eye on the new rules of the
road. Data security is ever-changing
because hackers always find new ways.
Stay on top of the latest information.
5. And of course, have data security
protocols in place and know what to do
in case of a suspected breach.
Q: What are some best practices
A:
around analyzing data reports?
You should have complete control
and visibility over your reporting.
This can become haphazard if
employees are using " shadow IT "
reporting tools that do not complement
your organization's supported analytics
technology.
For instance, CapRelo has developed a
Global Analytics Dashboard that offers
full control and visibility over a mobility
program. The dashboard is backed by a
library of configurable analytics widgets
so that relocation professionals can
design a dashboard experience that
grows with your programs. Information
is easy to access, and available in one
location. It can help mobility program
managers and HR administrators get
answers from the volumes of data
you have, like projecting how much
your program is forecast to save or
determining real-time program spend
versus budget and quality scores and
allows managers to drill down into
specifics.

HRO Today October 2019

Table of Contents for the Digital Edition of HRO Today October 2019

HRO Today October 2019 - 1
HRO Today October 2019 - 2
HRO Today October 2019 - 3
HRO Today October 2019 - 4
HRO Today October 2019 - 5
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