2016-10-11

Four ways high-performance organizations excel at workforce analytics

Drake Editorial Team

Companies are using analytics in numerous ways to make talent decisions throughout the employee life-cycle. New research highlighted in the new i4cp/ROI Institute report, The Promising State of Human Capital Analytics  shows that workforce analytics is important to decision making in several areas of the talent management spectrum as shown below:


Plan, Acquire, Develop and RetainHow important is Human Capital Analytics to decision making in these areas?

  • Leadership development — 67%
  • Talent retention — 65%
  • Strategic workforce planning — 64%
  • Talent acquisition — 62%
  • Employee engagement — 62%
  • Training and development — 61%
  • Performance management — 59%
  • Compensation and benefits — 48%
  • Diversity and inclusion — 46%
  • Organizational design— 45%


Source: i4cp, 2016-2016 Human Capital Analytics Survey


The research also identified what high-performance organizations do differently to gain insights that help them truly drive business performance and make strategic decisions based on workforce data.


Here are four ways high-performance organizations excel when it comes to workforce analytics:

 

    1. Quality of Hire

 

On the talent acquisition front, over 3x as many high-performance organizations measure quality of hire than low-performing organizations. Quality of hire communicates the value an organization gets for effort and money spent on recruiting, as well as how effective the business is at assimilating its new hires into the organization.

    1. Talent Mobility


Top companies are more likely to track talent mobility and measure manager success in moving talent, and are also 4.5x more likely to make the criteria for talent mobility transparent to the entire organization. Talent mobility can be used to engage top talent and build diversity into leadership pipelines.

    1. Diversity & Inclusion


High-performance organizations are 2.5x more effective at leveraging diversity and inclusion for business outcomes.

    1. Learning & Development


High-performance organizations are 6x more likely to evaluate the effectiveness of their learning and development programs than low-performing companies.


Reprinted with the permission of i4cp, the fastest growing and largest corporate network focused on the practices of high-performing organizations. www.i4cp.com

2010-04-16

Navigating the hidden job market

Drake Editorial Team

When you’re looking for a new job, many resources are available to you, including job boards, newspapers, company websites, and recruitment agencies. These, however, represent only a small fraction of the vacant jobs in the economy at any time:

Read More

07/16/2021

Do you keep getting passed over for jobs?

Drake International

Are you taking yourself out of the running for a position even before you start? You have all the skills the job posting says you need, the qualifications, and good experience. You are feeling confident. But not so fast!  Your ‘soft skills’ can make or break your ability to get to the top of the candidate list, or even on the list in the first place. 

Read more

10/16/2020

Wellbeing, when ONE SIZE FITS ALL fails

Tazmayn Goode

Scene ONE:  Its 2:55 PM. My 6th Zoom meeting for the day has finished 5 minutes early (woohoo!). Blood sugar is low, bladder full, my teething toddler is still napping. This means 5 whole heaven-sent minutes, just for me to tend to my most basic human needs before I stare at my face as it waits in the Zoom lobby, ready to attend the next meeting.

Read more