Human Capital Professionals Need Better Analytical Skills to Articulate Business Results
New Report Provides Practical Guidance to Create and Run an Effective Human Capital Analytics
Despite the plethora of data gathered over the past two decades, human resources functions have made little progress in using this data to help provide insights critical to making strategic decisions.
According to a new report from The Conference Board, Human Capital Analytics: A Primer, it is not only critical for HR departments to embrace analytics, but to move analytics from beyond analyzing what happened or what is happening to predicting and prescribing
The report, prepared by The Conference Board’s Human Capital Practice and co-authored by Dr. Jac Fitz-enz, CEO of Human Capital Source, Dr. Patti P. Phillips, Principal Research Fellow, Human Capital, The Conference Board and Dr. Rebecca Ray, Senior Vice President, Human Capital, examines the current state of human capital analytics, identifies best practices that can lead to rapid development and deployment of a sound human capital analytics function, and creates a framework to better understand the process of human capital analytics that will increase the likelihood of success.
Per Dr. Rebecca Ray, Senior Vice President, Human Capital…“Today’s human capital functions have failed to keep pace with other business leaders in using analytics to make critical decisions.“It is imperative for human capital departments to create effective analytics processes that focus on making decisions in real time, particularly those which are predictive in nature, all of which closely align to current and future business plans.Human Capital Analytics provides guidance and recommendations, and key actions corporations can take to outline a strategy to create a sustainable human capital analytics program.”
- Identify the key business issues, problems or opportunities facing the organization
- Build hypotheses surrounding the causes and probable impacts of an issue or opportunity
- Consider methodologies, consistency, information management, project management, technology, and data governance
- Strive for high quality, alignment, transparency, credibility, and stakeholder input and executive buy-in as you implement your approach
Source: Human Capital Analytics: A Primer
Report # R-1500-12-RR
The Conference Board
Download the full report at this link: http://www.conference-board.org/publications/publicationdetail.cfm?publicationid=2352
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501(c)(3) tax-exempt status in the United States. For more information, please visit www.conference-board.org
Follow The Conference Board
SOURCE The Conference Board
CONTACT: Peter Tulupman, +1-212-339-0231, [email protected]
Web Site: http://www.conference-board.org
Short URL for This Content
Author Bio and Latest Posts
Press Releases are broadcasted by The HRIS World from various resources as well as individual requests.
We feature press releases that have a high relevancy and importance to our audience.
Our audience are professionals in Cloud, ERP, HRIS, HR Tech, Project Management, Recruiting, HR, and C-level Executives who live and work in 90+ countries.
We can provide your press release to our focused audience of 50,000+ a month for a flat fee of $45.
As we have several revenue streams available to us, we can afford to offer this low price to bring your press release to a focused group.
For further information, contact us at by social media or via email by clicking your choice below...
Latest posts by Press Releases (see all)
- Using the Best Search Technologies for Discovering Most Qualified U.S. Presidential Candidates? - Mon, 23-Mar-2015
- Textkernel, Specialist in Semantic Recruitment Technology, at HR Tech Europe London - Mon, 16-Mar-2015
- AssessFirst launches the First Personality Assessment Solution in Freemium Mode - Mon, 16-Mar-2015
- Networking & Training – When Employees Become Brand Advocates - Thu, 5-Mar-2015
- London Workshop – How To Effectively Build Your HR Team For The Future - Thu, 5-Mar-2015