Loud Thinking April 30, 2014 at 01:12PM
Use Workforce Analytics to Transform HR
Research shows that many companies aren’t using objective talent data to make workforce decisions – even though it can help reduce costs, identify revenue streams, mitigate risks, and execute effective business strategies. Improve your HR functions by making your analytics:
Relevant. HR analysts need to apply data to the business issue (a top-down approach), instead using up resources on bottom-up data mining.
Valid. The quality of data is important, as is the way leaders are educated about the credibility of talent metrics.
Compelling. HR can’t present raw numbers and expect the right message to come through. Analysts must understand the audience, tell a story, and deliver conclusions that tie together the principal facts.
Transformative. Talent data should help a leader make better, faster decisions.
Adapted by HBR from “ Change Your Company With Better HR Analytics” by Mick Collins.
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