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Summer Reading 2017: 5 Popular HR Analytics Articles You Need to Read Today

Visier

Whether it’s a video game developer using analytics to make headcount predictions, or a social media giant using data to determine the ROI of a new parental leave policy, the common thread is this: evidence-based HR functions can drive organization-wide change. The agency surpassed its annual recruitment goals by 25 percent.

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Analytics, modelling and forecasting: using people data for insight

cipHR

The CIPD advised a cross-functional approach to improving HR’s skills and confidence in this area. There are clear differences in the perspectives of HR and finance professionals, and other professionals using people data,” said its report. Start with a question such as ‘How do candidates rate the recruitment process?’

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10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

As a result of being the top challenge for such a long period of time, it is clear that CEOs and board members fully understand the value of Human Capital, but they have also learned to expect a higher rate of strategic change than most HR functions have been able to deliver.

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Analytics Must Be HR’s Top Priority To Be Strategic

Visier

And that means that CEOs now demand that each and every business function shift to the analytics model, with its emphasis on data, digitalization, data scientists, and predictive analytics. Innovation and digitalization were ranked #4, and customer relationships and operational excellence were also in the top 5.

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Best HR Analytics Tools in 2024: Pricing, Features & More

Vantage Circle

That’s where HR analytics tools come in. These HR tools transform raw data into actionable insights, helping organizations improve hiring, retention, and overall workforce management. For example, they can highlight why employees leave, predict future hiring needs, or identify factors impacting employee satisfaction.

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People Analytics: Leveraging Data for HR Decision-Making and Organisational Success

6Q

Gathering information from diverse sources, both internal and external, enables HR leaders to identify critical business challenges related to diversity hiring , productivity, equity, or inclusion. According to McKinsey, organisations can increase recruiting efficiency by 80% and decrease attrition rates by up to 50% by utilising data.

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What is People Analytics and How Do I Get Started?

Visier

This information is presented in easily understandable graphs, charts, visualizations, questions, and answers using data extracted from the HR tools you’re already using. It reduced its workforce planning cycle by 25%, improved the accuracy of its hiring plan from 78% to 95%, and increased the accuracy of its headcount plan from 60% to 95%.