Today, nearly every action or process we complete at work is recorded and stored in a data warehouse. Organizations are just beginning to harness the power of this data to inform strategy and improve efficiency. HR has access to huge swaths of information on the organization’s most important asset – its people. However, beginning the task of providing comprehensive talent analytics that matter to business leaders is a daunting one.
How can HR collect, analyze, and report data that makes sense to line-of-business leaders and compels them to act? Where does this process begin? What tools and expertise are needed? Where do the pitfalls lie? Organizations that are already focusing on their people data analysis abilities will be better able to project their talent demand, improve quality of hire, identify critical gaps in their talent supply, and execute business strategy better and faster than their competitors.