Archive | December 2017

Introduction – Variance Analysis

Variance analysis refers to a difference between two values. The deviation may favorable or unfavorable as under:

Variance is generally calculated as per below parameters

The time period for measuring deviation can be as under:

  • Current Month vs Previous Month
  • Current Year vs Previous Year
  • First Quarter vs Second Quarter

Variance Reports are made to find out the % increase or decrease for Profit, Revenue, Cost Expenses, Attrition, Manpower Count, Salary, Recruitment Cost etc.

Examples of Variance Analysis charts

Dashboard Series 12 – Infographics using Male Female Icons

Infographics is the use of  images/icons to represent your data. They help to capture the users attention and also give a creative feel to your data.Infographics in Excel Charts make it visually appealing .

For e.g : We have a data based on an employee engagement survey.

The employee engagement % values for men and women are shown.

The chart is good. It gives you the required information. But imagine a dashboard wherein you have multiple column charts and bar charts. This chart would be just another chart to the mix.

So to enhance your data representation you need to apply infographics.

Now what is infographics. It is showing of information via images.

So the same chart above using infograhics is shown below.

The image fill amount is determined by the respective % values.

As the percent changes the image fill for the respective image as changes. See below

Download Template _Infographics_Employee Engagement