BusinessWeek Research Services has just published a new study on workforce analytics that looks at how companies are using data to improve how they manage their workforce. Whether implementing a round of cost-reductions or deciding on new investments, workforce analytics gives business leaders greater insights into the impact of those decisions.
Also mentioned is how analytics can be used to challenge long-standing assumptions about the workforce. From simplistic beliefs about the causes of employee turnover, to the assertion that “hiring more sales people will drive sales”, don’t underestimate the power of workforce analytics as a human capital “myth-buster”.
The full study (titled “HR Analytics: Gaining Insights for the Upturn”) can be found at the BusinessWeek Research Services homepage. Alternatively, login to Infohrm’s Research and Information Center to read more articles on how leading-edge firms are using workforce analytics.
Tags: BusinessWeek, Infohrm, Workforce Analytics
This BusinessWeek article truly depicts the importance of HR Analytics. It has taken two years for us to climb the HR analytics pyramid to Strategic Decision Making. As we are putting together our current company strategic plan for the next three years, HR Analytics are playing the crucial role of determining what and where programs should be initiated across the organization.