Human resources analytics can provide businesses the keys to improving processes, reducing workforce costs and making the right policy changes to improve efficiency. Leaders in the space and speakers from the upcoming Workforce and HR Analytics Summit West 2015 conference from companies like Visa, Wells Fargo, PepsiCo say the best place to start is to turn analytics into insightful action through business understanding.
Developing business insights and aligning HR analytics to core business operations largely rests on the shoulders of HR leadership. The key to a successful start is their relationship with other business units to understand challenges and target analysis toward solving those concerns.
Our thought leaders stressed the importance of developing a full picture of HR and noted that the success of analytics requires a specific set of actions:
Proper support begins before any analysis by having leaders work closely with other business units to understand their challenges and priorities. Understanding gives validity to analytics because it provides context for metrics’ efficacy, thresholds and measures of success.
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