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With generative AI and good people data, HR can unlock the next level of performance

HRExecutive

Advertisement - While leaders are looking at the impact of emerging solutions like AI to scale data across all departments, it seems obvious that a key area of focus should be HR and people data. Enter generative AI. So, knowing HR and generative AI are primed to make a valuable connection, what’s the holdup?

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What’s changed in HR tech since 2021? New research offers a snapshot

HRExecutive

“When I talk to organizations, a lot of them are still struggling to do some of the basic stuff,” she says, referring to core HR functions such as people strategy and employee experience. Upskilling in AI and automation remains critical, yet it is under-prioritized, according to the Forrester analyst.

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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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Why Hiring More HR Analysts Won’t Improve Your Analytics Function

Visier

This is echoed by David Creelman, people management expert and CEO of Creelman Research, who said : “ The reality is that most HR reporting teams don’t have the mandate, tools, or skill set to do analytics. The misconceptions about the value of HR analysts are driven largely by how they are forced to spend their time and expertise.

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The Rise of the People Strategy Platform

Visier

This was a key takeaway from a summit of HR leaders and Boston Consulting Group (BCG) experts, who met to discuss the future of HR and the trends shaping it. It goes without saying that great HR functions are strategic: they play a vocal role in critical business decisions and control a significant portion of a company’s expenses.

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Analytics, modelling and forecasting: using people data for insight

cipHR

“There are clear differences in the perspectives of HR and finance professionals, and other professionals using people data,” said its report. Non-HR functions need encouragement to increase their use of people data in their decision-making and HR has a role to play in generating trusted, relevant people data to serve wider business needs.”

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3 Mistakes To Avoid When Starting an HR Analytics Function

Visier

Since many HR leaders don’t have a good sense of how to get value from analytics, they move it off their plate by passing it to the HR reporting team or to some newly hired data scientist. Not surprisingly, HR leaders are not familiar with the role the average HR professional plays in analytics so they don’t involve them at all.

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