People Analytics: The secret to getting it right
Every day, 2,500,000,000,000,000,000 bytes of data is created – and that’s growing every day. In fact, 90% of the world’s data today has been created in the last two years.
As a result, companies have a wealth of information about their customers at their fingertips – from their buying habits, to their style preferences and lifestyle choices. As a result, their buying experience is constantly optimized, improved, and tailored to each consumer.
But what if companies had the same level of insight and visibility about their employees? What if they knew how many of their high-performers are a flight risk? How about how they should adjust their hiring plans to align with growth projections?
HR is playing catch up when it comes to data. In a world where companies are using data science to gain actionable customer insights, HR must apply the concepts of data science to its people.