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“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to people analytics? The race to adopt people analytics is heating up: according to the Bersin by Deloitte HRTechnology Disruptions for 2018 report , “people analytics is now a must-have discipline within HR and business.”.
“Build vs. Rent” is a common dichotomy in technology buying, but what does it mean when applied to workforce intelligence? Building your Workforce Intelligence Solution. Recently, I learned about a large software organization’s quest to build a workforce analytics solution. Data warehouse software licenses.
Workforce analytics is no longer a nice-to-haveits essential for strategic HR decision-making. In 2025, the best workforce analytics software goes far beyond basic reports, offering predictive insights, AI-driven recommendations, and seamless integrations with existing HR tech stacks. What is Workforce Analytics Software?
That’s where HR analytics tools come in. These HRtools transform raw data into actionable insights, helping organizations improve hiring, retention, and overall workforce management. If you want to improve HR data analytics or understand your workforce better, these tools are worth a look.
This has a significant impact on organizational performance , leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. In this article, we will explain what HR analytics is, its benefits, as well as how to get started and grow in your HR analytics capabilities.
While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed. The good news?
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. Organizations need to ensure it remains secure and private, yet still provides the information managers and HR need to be effective.
HRsoftware has the potential to capture more HR data than ever. Is your HR team making the most of this opportunity to gain real insight into your people? When the pandemic turned business as usual upside down in early 2020, HR teams were faced with more questions than they had answers for.
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 HRfunctions can drive organization-wide change. The agency surpassed its annual recruitment goals by 25 percent.
It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. This overall HR metric demonstrates the increasing revenue value that your workforce is creating as a result of good HR and recruiting. The total estimated $ impact of recruiting on the business.
Research backs this up: According to one study , the ability to deliver on recruiting had a larger impact on revenue growth than all other HR areas, including onboarding and retaining new hires, managing talent, and developing leadership. What recruiting programs drive the best long-term results.
Research backs this up: According to one study , the ability to deliver on recruiting had a larger impact on revenue growth than all other HR areas, including onboarding and retaining new hires, managing talent, and developing leadership. Recommended Reading: 5 Benefits of a Data-Driven Recruitment Strategy ].
The timing of the 19th Annual HRTechnology Conference & Expo , as always, is impeccable. It’s coming at the perfect time to inspire HR leaders with innovative thinking and new innovations (over 400 companies will be exhibiting, including 40 new startups!). The Continuing Impact of Marketing on HR and HR Tech.
While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. 90% of technology CEOs are confident about their revenue growth in 2016 , according to PWC’s 19th Annual Global CEO Survey. The good news?
It’s also important to understand that you can’t impress a CEO with a large volume of tactical recruiting metrics. This overall HR metric demonstrates the increasing revenue value that your workforce is creating as a result of good HR and recruiting. The total estimated $ impact of recruiting on the business.
An over-reliance on Excel spreadsheets, as well as inefficient analytics tools and processes, causes HR analysts to spend 80% of their time on average doing data cleansing, mapping, and validation, and only 20% doing actual analysis. Recommended Read: The Rise of the People Strategy Platform.
If your job is to run an HRfunction, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. The ability to query the system should be intuitive to users.”.
If your job is to run an HRfunction, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. The ability to query the system should be intuitive to users.”.
For a long time, HR departments have been called on to become more strategic—less fixated on matters that only concern HR, and more focused on matters that concern the entire business. At the same time, talent management—a bedrock component of the HRfunction—is by definition a strategic pursuit.
Competition in the shortlisted cities is already fierce, especially for those high potential people who will deliver innovative solutions or go above and beyond for your customers. So what can recruiters do to make sure their pipeline won’t be decimated if an Amazon-like company comes to town? New hire performance by lead source.
People analytics has also advanced in recent times, moving from reports of HRsystems, headcount, vacation leave, and sick leave data to more advanced capabilities such as managing talent and workforce planning. Here’s your essential guide to people analytics with definitions, people analytics examples, tools, and more.
Along with gaining buy-in from people at all levels, turning your HRfunction into a well-oiled fact-based decision-making machine will require you to attain both some new hard and soft skills. Take recruiting concerns, for example. It can feel like preparing for a trip up Mount Everest. Step 2: Demand action, not perfection.
How these leaders communicate the desired use of generative AI for work, and the types of talent strategies they have in place to support a workforce that can safely and effectively leverage new AI tools plays a big part in the organization's AI maturity.
This is partially because of the way talent management has evolved into multiple data silos (each function — such as compensation, recruitment, and benefits — has its own set of transactional data that typically can’t be linked with other systems). But what does an evidence-based HRfunction look like in practice?
This is partially because of the way talent management has evolved into multiple data silos (each function — such as compensation, recruitment, and benefits — has its own set of transactional data that typically can’t be linked with other systems). But what does an evidence-based HRfunction look like in practice?
Along with gaining buy-in from people at all levels, turning your HRfunction into a well-oiled fact-based decision-making machine will require you to attain both some new hard and soft skills. Take recruiting concerns, for example. It can feel like preparing for a trip up Mount Everest. Step 2: Demand action, not perfection.
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 HRfunctions have been able to deliver.
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.
Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. That is because we report mostly tactical metrics that focus on costs, rather than the strategic ones that cover HR areas that impact corporate revenue.
On-the-job training, workshops, advanced tools, or software use. Strengthening HRs strategic role: Reskilling and upskilling help align talent with company goals, driving performance, growth, and digital transformation. Building HRs credibility: Reskilling and upskilling produce measurable results.
This is where HR automation steps in, offering a way to streamline workflows, reduce human error, and focus on what truly matters the people. In this blog, well cover the key benefits of HR automation and how these technologies will reshape HR practices, allowing teams to become more efficient, strategic, and people-focused than ever before.
They need HR leaders who can: Predict which employees might leave before they do Create cultures where people actually want to stay Build teams that are resilient and adaptable Do all this without burning out That’s where AI-powered tools become your secret weapon. Are you ready to discover the top AI-powered HRtools?
We’ll highlight the use of data in optimizing employee experience, the importance of people analytics in creating a better organizational structure, real-world insights from interviews with HR leaders on how to win with people analytics and people analytics tools for HR to maximize business impact.
In an era where businesses face relentless challenges of retaining top talent, the strategic deployment of predictive analytics emerges as a crucial tool in the HR arsenal. Predictive analytics in HR is using data mining, statistics, and machine learning to make more informed decisions about recruiting, staffing and other HRfunctions.”
This enables organizations to optimize spend on recruiting activities and the pipeline of candidates. It can also pinpoint the right attributes for future candidates to maximize the recruiting investment. However, there are other approaches, which can make analytics easier to gain traction with HR practitioners. The road ahead.
Mike Everitt, Visier Senior Solutions Consultant, adds, “Almost every organisation is setting targets around increasing senior leadership diversity. They said they were using people analytics to improve diversity in the workplace across five crucial areas: Recruitment And Onboarding – 32.3% Career Pathing – 28.0%
Visier’s Ian Cook and Caitlin Bigsby were recently joined by people analytics experts who are passionate about driving diversity and inclusion change in their organisations. For example, the majority might be in HR, but not sales or development. Data is the systemic fix. Executive level conversations. Defining inclusion.
This article was jointly written by Visier team members Robert Sullivan, a Business Development Representative, and Joseph Honess, an Account Executive. They said: Career pathing – 25% Training and development – 24% Recruitment and onboarding – 20% Diversity and inclusion – 18% Health and wellbeing – 14%.
This information is presented in easily understandable graphs, charts, visualizations, questions, and answers using data extracted from the HRtools you’re already using. Now, over 70 percent of organizations are investing in people analytics solutions to integrate data into their decision-making.
Beyond the traditional sources of intangible value—software, intellectual property, “goodwill” from acquisitions, etc.—is Finance and technology lead the way. The financial services and technology industries tied for the highest proportion (21% each) of founding people analytics leadership roles reported in the underlying survey.
He saw barriers and issues in the HRfunction as a whole that he wanted to address, leading him to launch a consulting business focused on making valuable changes to the way HR operates in business. His blog reaches thousands of readers and provides unique insights on a range of recruiting topics.
He saw barriers and issues in the HRfunction as a whole that he wanted to address, leading him to launch a consulting business focused on making valuable changes to the way HR operates in business. His blog reaches thousands of readers and provides unique insights on a range of recruiting topics.
As a result, few firms (with the notable exception of Nestlé Purina) have devoted significant time to develop a plan for making the transition from the current administrative/compliance model to the emerging, what I call, “Business Impact HR” model. Maximizing workforce productivity (the dominant HR focus).
The 2021 HRTechnology Conference in Las Vegas last week brought the return of the live conference experience. It was great to connect with HR and business leaders on what their HR superpowers might be, to explore the latest in the people analytics space, and to introduce our new People Intelligence Alliance to the HR Tech community.
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