With senior stakeholders taking a wider interest in the tangible financial benefits of their people function over the years, the people analytics function has achieved significant growth and influence across the business landscape.
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Data-driven decision-making has become crucial across various organisational functions, ranging from marketing and sales to finance and operations. It serves as the lifeblood, guiding strategic decisions and choices and yielding transformative outcomes.
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intelligence (AI) has been quietly helping us navigate the complexities of everyday life for years and has undeniably become a necessity in the modern age. In fact McKinsey research highlights that 58% of the businesses surveyed confirmed using AI for at least one function in the workplace. And the world of HR is no exception to this trend. A data-driven approach to HR is on the rise, and AI is at its core. It is being used to help with important decision-making around hiring, employee performance tracking and management and HR upskilling. And with the emergence of ChatGPT, HR professionals now have access to a powerful new tool that can revolutionise HR activities in ways that weren’t possible before.
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Leading Companies understand that in today's competitive marketplace, a data-driven culture derives value and growth for the organisation through strategic HR and People Analytics. For this to happen, HR professionals require the proper capabilities to lead their company through digital transformation and socio-economic turbulences. An immersive learning experience focusing on applying essential skills will help you go deeper and faster to equip your HR Teams with the capabilities they need to succeed in the modern workplace.
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There are many factors that are changing the way we approach human resources, from attracting and selecting talent, all the way through to talent development and retention. Whatever the external influences, the fact is that this change requires new applications in the way we think about our people and design our people management strategies. One of the most recent trends is Design Thinking, and how it can be used as a tool to understand and improve the customer experience of HR.
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Organisations with the strongest cultural orientation to data-driven insights and decision-making were twice as likely to have significantly exceeded business goals. Almost all organisations are undergoing some form of digital transformation which has only been accelerated by the current pandemic. Central to confronting digital transformation, is the need to confront an onslaught of data and make sense of it. Data analytics, big data and AI are types of projects that virtually every organisation is investing in. However many feel the challenges to becoming data-driven are in people, process and culture - not technology.
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In his collection of articles for March, David brings together a host of examples of how people analytics and data has become a core foundation of the reimagination of HR. There are the latest reports from IBM (on the impact of AI on D&I), McKinsey/MIT (on the revolution in performance management) and myHRfuture (on the HR Skills for the Future). The article of the month comes from Dave Ulrich, and there are other articles from the likes of Stacia Garr, Josh Bersin, Jordan Pettman, Dawn Klinghoffer, Katarina Berg and a must-watch video from Andy Spence on the role of Blockchain in HR.
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David presents his first monthly collection of 2019 in what proves to be a bumper issue, which reflects the growth and depth in the people analytics field. Selections include landmark research by Accenture on the link between gaining trust and realising the opportunity afforded by new workplace technologies and people analytics. Also featured is the latest research by Josh Bersin as well as articles covering: strategic workforce planning, diversity, employee engagement and ONA plus several articles penned by people analytics leaders. Dive in and enjoy…
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In this article, David assembles the conferences taking place in 2019 where people analytics, employee experience, HR technology and the future of the week are the dedicated or central theme. There are over 100 conferences chronologically ordered by date and featuring events taking place all over the world from Fiji to San Francisco, and from London to Auckland.
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We had the privilege to speak to Brydie Lear, Global Head of People Analytics at ING Bank at Insight222’s Global Executive Retreat. We spoke to her about her experience of reporting into the CHRO at ING and how she goes about building credibility for her People Analytics function. Click to view the video and read the transcript from our discussion.
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