Editor’s Note: Improving the HR Function Through Data-Driven Insights
Posted on 05-25-2021, Read Time: Min
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A strong data-driven culture is vital for making high-impact business decisions and thereby leading to better business results. Now, with the pandemic elevating the importance of data-driven decision-making, many organizations are embracing people analytics to improve remote work performance and employee engagement. Organizations are slowly realizing that in order to adapt to the market shifts and the future of work demands, they must raise their game on data and analytics to thrive.
To better understand how your organization can incorporate data analytics into its decision-making process, check out the informative articles by experts in this issue of HR Strategy & Planning Excellence.
A study sponsored by the Singapore government shows that out of 27 HR positions, 24 are at risk and will be replaced by artificial intelligence very soon. However, the only roles that cannot be replaced by automation are related to the analytical ability to connect business issues and human processes to technology procurement and ethics capabilities. In other words, this is the understanding of human behavior needed for the organization's business success and choosing the right technological solutions to support it. Want to overcome some barriers on your journey to data-driven HR? Read our cover article by Littal Shemer Haim, a thought leader in the domain of People Analytics, If You Think Analysts Or Vendors Own The HR Data Strategy, You Are Wrong! where she explains the funnel of HR data strategy and tools for data analysis.
With hybrid working models expected to become the norm, the pressure on managers will only intensify. HR is evolving from being focused on its programs and activities to helping people managers make better decisions in the flow of work. For valuable insights on this topic, check out, Here's Why People Analytics Is Vital For People Managers Today by Visier’s People Analytics VP, Ian Cook.
The “why” of moving to people analytics starts by putting your efforts into the context of your organization’s key strategies and issues, says Visier’s Lexy Martin in her article, How To Achieve The Potential Value Of People Analytics.
In the global post-Covid recovery, the contingent workforce share of total labor will likely increase dramatically, making sophisticated total workforce management imperative for cost savings and winning the war for talent. Check out Hans Dau (Mitchell Madison Group) and Gregg Spratto's (Pro Unlimited) article, Total Workforce Management In A Post-Covid World to learn more about what employers will need, to compete effectively in such a scenario.
In brief, embracing HR analytics to make data-driven decisions today has become vital to monitor and measure organisational and employee productivity. By setting up a solid people analytics framework, organisations can become future-ready, and thrive over time.
We hope you enjoy reading all the articles and look forward to receiving your valuable feedback and comments.
Cheers!
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