“Hire better, faster”; “Improve your talent pool”; “Maximise your workforce and business outcomes”;
These are all mantras frequently used in HR analytics and management. But how reasonable and tenable are they?
Talent Data Labs has recently published a study inspecting the distance between what companies communicate and reality.
The study shows that it is commonplace to talk about data and insights as a staple of the HR market but hard evidence of the practice is difficult to come by.
The report looks at well over 100 companies of varying size and reputation and finds that the market has very mature and prevalent software but an extremely limited amount of high-quality and predictive data.
The market is closer than ever to unlocking the untapped potential of doing HR analytics properly. Unfortunately, there are a couple of small sticky dependencies that block us from taking the next big step.