Although a fraction of organizations have had success with talent analytics, most are still struggling, according to new research conducted by HR.com in partnership with PeopleFluent. This not only represents a serious skills shortage within the (Human Resources) HR function but in other parts of the organization as well.
The free research report, “Leveraging Talent Analytics,” is now available for download. It is based on responses from 457 HR professionals participating in an exclusive HR.com survey fielded in the fourth quarter of 2017. The study covers:
– The impact of using talent analytics
– The degree of talent analytics proficiency within organizations
– Top talent analytics priorities
– Levels of sophistication of analytics reporting
– Analytics technologies
The study found that only about 20% of respondents rate their organizations as good or very good at talent analytics, whereas 45% rate themselves as poor or very poor. Part of the problem is a skills deficit within HR itself, but respondents also reported that senior leaders outside of HR often lack an understanding of such analytics. Indeed, only 30% of respondents said senior leaders in their organizations were good or very good at interpreting talent analytics.
“HR heal thyself,” said Debbie McGrath, Chief Instigator and CEO of HR.com. “This is an area where HR needs to use its own development expertise to more quickly get up to speed. At the same time, it needs to educate senior leaders about how to make sense of talent analytics so that better talent-related strategic decisions can be made at top levels of organizations.”
Workforce planning is the component that is most essential in a talent analytics system. Almost 40% of respondents chose workforce planning as a top priority for their organization, slightly edging out analysis of employee performance and skills assessment.
Only a fraction, however, have reached the stage of making heavy use of advanced analytics. The study found just 15% of HR professionals feel their organizations were making high or very high use of complex analytics. However, reporting efficiency is something organizations can become very good at with some training and applied focus.
To learn more and read key research insights from this important study, download the complimentary report today.
PeopleFluent is a leading provider of workforce planning, workforce compliance, diversity, integrated recruiting, talent management, and compensation planning solutions. PeopleFluent has worked with thousands of organizations in 214 countries and territories to engage employees to drive better business results. Today, 80 percent of the Fortune 100 relies on PeopleFluent as part of their talent management delivery strategy, helping them successfully achieve their talent aspirations. www.peoplefluent.com
HR.com strives to help create inspired workforces by making HR professionals smarter. Over 1,100,000 HR professionals turn to HR.com as the trusted resource for education, career development, and compliance: thousands of lessons for the HR Genius on-demand training library, 400+ webcasts yearly, the largest HR certification exam preparation practice supporting SHRM(R) and HRCI(R) certifications, a legal compliance guidance program, 12 monthly themed interactive HR epublications, and 35+ primary research reports. HR.com offers the best training and networking for HR professionals globally 24/7/365.
For more information, contact:
Chief Instigator and CEO, HR.com