Why is people analytics so important for HR?

People analytics has become increasingly mainstream with more and more firms realising the value of it and its role in helping monitor overall organisation health, explains the team at SplashHR.

Why is people analytics so important for HR?

Companies of all sizes are increasingly embracing the value of people analytics. Simply put, it helps you monitor overall organisational health for every leader, job type, department, and location using your data wherever it may be sourced. 

Advanced people analytics helps organisations improve their transactional HR and planning processes. Some of the benefits include:

  • Reduction in workforce planning cycles;
  • Improved hiring processes, accuracy in data and management;
  • Better retention;
  • Employee satisfaction;
  • Efficient talent management and skills management;
  • Improved productivity and increased accuracy in workforce planning.
Future of people analytics 

There are endless benefits and possibilities with people analytics. According to the Forbes Insights survey in terms of skills sought, predictive analytics and data analytics are in high demand at more than 68 per cent of organisations worldwide, while Google searches for the terms HR analytics or people analytics has quadrupled in the last couple of years.
 
Download SplashHR’s People Analytics 101 eBooksplashhr.com/cipd-annual-conference-and-exhibition/ as a comprehensive guide to understanding people analytics, its importance, what critical HR elements it is solving, and how companies can benefit from an efficient People Analytics solution.
Join SplashHR at the CIPD Annual Conference from 3-4 November, Manchester Central, and Online, where SplashHR is a proud gold sponsor and exhibitor. 
 
Mark your calendar for 3 November, 2pm, where Steven Atkins is participating in a panel discussion with other industry speakers on: Discrimination during the pandemic: how do we close the diversity gap in recruitment and retention? 
We’d love to see you there, so drop by booth #G42  or pre-book your meeting to discuss your questions and challenges and see how we can help you on your journey with people analytics.