Executives face significant challenges and opportunities in the current economic environment. Customer expectations for faster, better and cheaper products and services are increasing rapidly, not least due to the creation of global markets and distribution systems. More and better data and information has enabled precise segmentation and alignment of customers, suppliers, and even the workforce.
Such a business environment requires effective strategies and excellent execution. The focus is there
- on improving organizational skills to achieve better business results and stimulate innovation,
- on overcoming a critical shortage of talent,
- on stringent cost management and consistent process improvement,
- on building strong organizational cultures to increase performance.
How does HR Analytics correlate to business success?
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.