According to a Bersin by Deloitte study, organizations that deploy HR analytics achieved better talent outcomes in terms of leadership pipelines, talent cost reductions, efficiency gains and talent mobility. In business terms, the share prices of the 14% of organizations in the study with mature talent analytics capabilities, outpaced the S&P 500 by 30%.
In other words, the business case for analytics is irrefutable. Yet, 80% of HR teams rely on “gut feelings” to make decisions (Human Capital Institute survey). This is a concern considering the growing spectrum of responsibilities which covering everything from workforce readiness and operational excellence to succession planning, diversity and inclusion.
This paper has been written to help you understand the value of the data in your HR organization and how to apply analytics to answer business critical questions.