How do organizations go about managing performances amongst their workforce? How do organizations leverage the efficiencies of their best employees? Work force planning initiatives are constantly undertaken by organizations, however instead of a ‘tick box’ approach leaders need to implement a more strategic approach towards it. Fortunately the adoption of a scientific approach using data and HR analytics enables leaders to develop impactful talent strategies, resulting in better HR planning.
1) The Benefits of Big Data
Below are a few articles handpicked by us to keep you informed on the best practices used for shaping talent strategies.
This article gives you a summary of the benefits of analytics and how the best organizations in North America have adopted Big data. Big data is not just a buzzword; it is a new reality defined by new sources of data. It applies methods and tools across an enterprise, specifically in marketing, customer service, product development and HR. The goal is to make human capital decisions based on data, not intuition or conventional wisdom.
2) Change Your Company with Better HR Analytics
Companies are using data analysis methods to obtain answers for a range of questions regarding their workforce. Workforce analytics help to manage changes within employee movements including retirement, employees exiting or internal transfers. Employee related data analytics help leaders in reducing workforce costs, identifying revenue streams, mitigating risks and executing business strategy.Business challenges are motivating HR leaders to better use talent analytics and insights as a basis to discuss how they’re going to face these challenges.