2016-10-11

Four ways high-performance organizations excel at workforce analytics

Drake Editorial Team

Companies are using analytics in numerous ways to make talent decisions throughout the employee life-cycle. New research highlighted in the new i4cp/ROI Institute report, The Promising State of Human Capital Analytics  shows that workforce analytics is important to decision making in several areas of the talent management spectrum as shown below:


Plan, Acquire, Develop and RetainHow important is Human Capital Analytics to decision making in these areas?

  • Leadership development — 67%
  • Talent retention — 65%
  • Strategic workforce planning — 64%
  • Talent acquisition — 62%
  • Employee engagement — 62%
  • Training and development — 61%
  • Performance management — 59%
  • Compensation and benefits — 48%
  • Diversity and inclusion — 46%
  • Organizational design— 45%


Source: i4cp, 2016-2016 Human Capital Analytics Survey


The research also identified what high-performance organizations do differently to gain insights that help them truly drive business performance and make strategic decisions based on workforce data.


Here are four ways high-performance organizations excel when it comes to workforce analytics:

  1. Quality of Hire

On the talent acquisition front, over 3x as many high-performance organizations measure quality of hire than low-performing organizations. Quality of hire communicates the value an organization gets for effort and money spent on recruiting, as well as how effective the business is at assimilating its new hires into the organization.

  1. Talent Mobility

Top companies are more likely to track talent mobility and measure manager success in moving talent, and are also 4.5x more likely to make the criteria for talent mobility transparent to the entire organization. Talent mobility can be used to engage top talent and build diversity into leadership pipelines.

  1. Diversity & Inclusion

High-performance organizations are 2.5x more effective at leveraging diversity and inclusion for business outcomes.

  1. Learning & Development

High-performance organizations are 6x more likely to evaluate the effectiveness of their learning and development programs than low-performing companies.


Reprinted with the permission of i4cp, the fastest growing and largest corporate network focused on the practices of high-performing organizations. www.i4cp.com

2013-06-18

How do you build (or rebuild) trust at work?

Drake Editorial Team

How easy would it be to sort out difficulties at work if you didn't trust your colleagues to respond well? How motivating would it be if once you raised a concern with your manager, nothing was done about it?

Read More

2013-02-12

Are you stuck in the middle?

Drake Editorial Team

Are you waking up at night with workplace scenarios playing through your head? These are tough times, but there are definitely ways to cope.

Read More

2012-03-09

Signal to noise ratio

David Huggins

It’s a term often used to describe the conditions when an electronically transmitted message can’t be understood because interference overwhelms it...

Read More