Human Resources analytics is a clear path for the future if companies respond to the challenges.
With the different information systems available to modern HR professionals, possibilities abound for companies that need to improve the way they handle employee issues. A recent Forbes article focuses on the way that intelligent use of data is integral to the future of modern HR in business planning. From a organizational standpoint, this could mean an HR setup where data collection fuels important decisions.
According to the source, the heads of companies are realizing the importance of data-enhanced HR functions and paying more attention to the serious uses of analytics, especially when it comes to areas like recruitment. Drawing from previously gathered information, companies can use smart HR to predict behavior and craft appropriate strategies around this.
However, big data poses challenges even as it presents a clear path of HR technology to become more relevant to executives. Writing for Diginomica, Janine Milne cites information from a recent Fairsail survey that shows a lack of confidence and funds to support analytics, even though companies are aware how important it is to business growth and success.
"While the message about the importance of big data and analytics appears to have got through to most firms, the results here suggest that many HR departments are struggling to put that into
Big data poses challenges even as it presents a clear path of HR technology to become more relevant to executives
practice," Milne writes. As she puts it, the seemingly contradictory findings suggest "the fact that this move to data-driven HR may require a change of staff or re-skilling within the profession."
With data captioning more prominent for the modern enterprise, departments have to select the right systems for successful long-term analytics implementation. From HR system selection to running and reviewing the results, consultants are valuable for finding and planning a system around greater data use.