The Majority of Companies Still Struggle With HR Analytics - New Study by the HR Research Institute
HR.com's HR Research Institute recently released the research report, The State of HR Analytics 2021, to reveal the state of HR metrics for strategic workforce planning and how HR can effectively leverage people analytics.
Measuring, tracking, and analyzing workforce data has become a must-have for today's organizations to continue to use the insights from these analytics.
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Only 29% of HR professionals say their organization is good or very good at making positive changes based on HR analytics. Moreover, just 36% agree or strongly agree that their people analytics platform delivers actionable insights.
The free research report, The State of HR Analytics 2021, is now available for download. HR.com's Research Institute conducted the study of HR professionals to examine how organizations are leveraging workforce data and metrics to master people analytics and increase HR's effectiveness.
Most organizations continue to struggle with HR analytics, but those that excel in this area are more likely to enjoy a number of key advantages. Compared with organizations that are not very good at HR analytics, those that excel in this area are:
- 10X more likely to be very effective at providing insights to top leaders
- 8X more likely to make at least moderate use of predictive analytics
- 7X more likely to often or always integrate non-HR data with HR data
- 5X times more likely to use specialized HR analytics software
- 5X more likely to make at least moderate use of prescriptive analytics
"Measuring, tracking, and analyzing workforce data has become a must-have for today's organizations to continue to use the insights from these analytics in order to build and incorporate more strategy in their HR decision making," stated Debbie McGrath, Chief Instigator and CEO of HR.com.
Download the full report which includes details on twelve key takeaways to help HR departments gain insights into how to leverage HR metrics and analytics to support actionable insights and ensure business success.
About HR.com and the HR Research Institute
HR.com's HR Research Institute helps HR departments keep their finger on the pulse of HR! HR.com is committed to creating inspired and informed workforces by maximizing the potential of HR professionals around the world. Almost 2 million HR professionals rely on HR.com as the foremost, trusted industry resource for education, career development, and compliance (that many people can't be wrong!). Offerings include the largest network of HR executives, leading-edge industry research from the HR Research Institute, 13 monthly HR-themed epublications, innovative HR education including 250+ annual webcasts, the most comprehensive HR certification exam preparation program supporting SHRM and HRCI certification, as well as helpful HR tools and legal compliance updates. HR.com has the largest knowledge base of HR practices globally and offers unparalleled training and networking for HR professionals all over the world... 24/7... 365 (just in case you can't get enough HR). Visit http://www.hr.com/hrresearchinstitute to download research (always free) and to maximize HR potential.