People operations, or human resources, is due for a data revolution. The use of data in this field can enhance decision-making and improve the efficiency of businesses. Companies such as Google are already harnessing the power of data in their people operations to maximise the potential of their workforce.
Data can be utilised to predict employee behaviour, identify potential leaders, and streamline recruitment processes. By applying predictive analytics, businesses can forecast which employees are likely to leave, allowing them to intervene before it’s too late. This proactive approach can reduce employee turnover and save companies significant amounts of money.
Furthermore, data can pinpoint high-performing employees who may be future leaders. Recognising and developing these individuals early can ensure a steady supply of capable leaders. In recruitment, data can help identify the characteristics of successful candidates, making the hiring process more efficient and effective.
Despite these benefits, many businesses are hesitant to adopt data-driven people operations. Concerns about privacy, a lack of understanding about data, and the perceived complexity of the process are common barriers. However, with proper safeguards and training, these issues can be overcome. In the end, the potential benefits of a data-driven approach to people operations far outweigh the challenges.
Go to source article: http://venturebeat.com/2015/04/04/its-time-for-people-operations-to-join-the-data-revolution/