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Leveraging Workforce Data To Better Utilize Talent—Today and Tomorrow
Workforce Analytics has been around for some time, yet real progress has been slow. Mercer in partnership with Human Capital Media conducted a global survey of human resource professionals in late 2015 and found that high analytics aspirations were paired with few serious attempts to actually achieve them.
While many respondents (77%) said they plan to increase their workforce analytics capabilities over the next two years, the same percentage also indicated that their organization spends less than $100,000 per year on workforce analytics.
What’s more, the deployed analytics are too simple to even start to understand the link between employees and business success. As few as 31% of respondents believe that they have been highly or even moderately successful using workforce analytics, and a mere 9% indicated that they use predictive analytics often.
What’s holding HR back? The top three roadblocks were technology to integrate data (54%), analytics skills in HR (52%), and management experience to effectively use analytics data (48%).
With more than 20 years of experience providing advanced analytics, Mercer can help overcome all of these obstacles.
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