BROOKLYN, NY – September 18, 2012 – The Human Capital Institute (HCI), a global organization for the advancement of talent management, has completed a research report in association with SAP on the current state of human capital management (HCM) analytics and their ability to create value for today’s businesses. The findings will be presented in a live streaming webcast on October 2 and also made available as a downloadable report.
Although buzzwords like “Big Data” are prevalent in HR today, many organizations continue to provide only basic reporting -- such as headcount planning or linear forecast reports – of little actionable value to leadership. By making better use of HCM data, organizations are finding they can better analyze skill gaps, chart succession bench strength and, in general, more closely align their workforce strategies to business goals. In the report, HCI and SAP have identified technology and the level of analytical skills within HR as key indicators of the overall performance of the HR function. As these findings suggest, many organizations have substantial room for improvement:
- 43% of companies continue to rely on spread sheets or other manual reporting systems to capture and analyze HCM data.
- Only about 50% of respondents are at all satisfied with HR’s ability to predict their organizations’ talent needs or fill positions with the right people at the right time.
- Less than 20% of respondents strongly agree that HR possesses the ability to collect, aggregate and derive insight from HCM data.
- Real-time HCM data is accessible to business leaders at less than 10% of respondent organizations.
The webcast will air at 12 p.m. EST on October 2, and will be presented by David Ludlow, vice president of Solution Management, SAP. Henner Schliebs, director of Analytics Marketing, SAP, will also contribute to the webcast. For more information, including how to register to participate, please visit http://bit.ly/OuK9Ub.
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About Human Capital Institute (HCI)
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.