A commentary by Dave Sumner Smith, CEO at Next Dimension Media.

HR Analytics are no longer a ‘nice to have’. They are becoming an essential part of modern business, according to research from the Corporate Executive Board, which shows that more than 90% of HR leaders plan to significantly increase their investment in HR analytics by 2016.

Did You Know: Firms that already use analytics effectively achieve 12 percent better outcomes with their talent, according to the complimentary White Paper “Top 15 HR Analytics for 2015”.

Some of the thoughts in the report do make one stop and think. Instead of advising organizations to go out & spend big sums on technology, its down-to-earth suggestions include

  • ‘Don’t invest in a huge Big Data infrastructure’,
  • ‘Look inside at your Predictive Data’ and
  • ‘Reduce your Risk’ by establishing what you really need to match or beat your competitors.

Do you agree that HR Analytics is becoming a ‘must have’ in modern HR leadership? Are HR Analytics essential for business success? Can you already achieve a lot without spending too much? Let us know your thoughts