More than 9 in 10 (94%) business leaders say
that people analytics elevates the HR profession
(People Analytics, SHRM Research, 2021).
Meanwhile, 71% of HR executives who use
people analytics report that it is essential to their
organization’s HR strategy. With technological
advances and increased computing power,
organizations of all sizes can leverage increasing
volumes of data within their organizational
functions. It is now possible to use data,
rather than anecdotes or intuition, to evaluate
the efficiency of HR processes; employee
productivity, diversity or attrition; and other key
business metrics. The improved efficiency that
people analytics tools offer can also allow HR
professionals to focus more of their attention on
innovation and strategy.
If HR professionals and leaders use people
analytics appropriately, they can make more
effective decisions, improve the employee
experience and impact the bottom line.
To better understand the power of people
analytics in organizations and the challenges
organizations face in their journey, SHRM
Research surveyed 2,149 HR professionals and
182 HR executives who work for organizations
that currently use people analytics. SHRM
Research found that people analytics has great
utility and promise to transform HR, but that
many organizations have yet to realize its full potential.
download the report here