When the economy ground to a halt, organizations shed talent as a matter of survival. Now, as organizations rebuild during recovery, they want to add muscle and not fat. This equates to adding the right talent in the right roles and place. They key to doing so is analytics. By being able to analyze internal and external talent supplies and demands, organizations can rapidly develop, acquire, or rent the talent they need.
Organizations must learn how to measure, analyze and understand their human capital in context to begin making strategic decisions about how to source the right people for the right positions at the right time. Instead of relying on industry/competitor benchmarking data to drive their human capital data gathering, organizations must decide what they are trying to learn and do before choosing which metrics to track.