You have plenty of trended data on employee performance. You have a cutting-edge dashboard and seamless reporting capabilities. This makes you data-driven, right?
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Not quite.
Optimizing your decision-making requires more than retrospective analyses. It takes shifting from knowing how long employees have worked for the company to forecasting the likelihood that they will stay, and identifying the criteria that most influence their retention. It takes building the capability to identify and quantify hidden patterns in the data that yield prescriptive recommendations.
To be data-driven, human resources (HR) leaders need predictive, forward-looking insights from both their internal and external partners. They also need rigorous analyses that transform descriptive data to account for different factors. They need the right analytics.
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