HR analytics is gaining traction as a critical tool for businesses to understand their workforce and improve their bottom line. Currently, it is mostly used by technologists, but there is a need to expand its use to HR practitioners, managers, and executives. HR analytics can provide insights into employee performance, engagement, and retention, which can then be used to make more informed decisions about hiring, promotions, and training.
To make HR analytics more accessible, organisations need to invest in training and tools that make data analysis easier. This includes using visualisation tools that can present complex data in a simple and intuitive way. Additionally, organisations should consider creating a team of data analysts within the HR department to support the use of analytics.
There are several challenges to expanding the use of HR analytics. These include the need for a culture change within organisations, where data is valued and used to inform decisions. There is also a need to ensure data privacy and security, especially with sensitive employee data.
Despite these challenges, the potential benefits of HR analytics are significant. It can lead to improved employee performance, higher retention rates, and a more engaged workforce. By making HR analytics a core part of their strategy, organisations can gain a competitive edge in the market.
Go to source article: http://www.forbes.com/sites/rawnshah/2015/04/13/taking-hr-analytics-beyond-technologists/