However, according to Deloitte’s 2021 Global Human Capital Trend’s respondents, only 26% believe they’re effectively using technology and analytics to improve their teams.
Top 4 benefits of people analytics
Insightful learning and development decisions
Optimising strategic workforce planning
Enhancing the Employee Experience (EX)
Assist in career progression and growth
According to a recent study by Oracle, 73% of people in the workplace feel stuck professionally, because they don’t have growth opportunities to progress their career. Therefore, it makes good business sense for managers to use employee data as part of their retention strategy. You can use it to uncover training needs and create tailored development plans – and show your humans you’re keen to help fulfil their individual career goals. Analytics are also useful in evaluating performance. Once the data is reviewed, managers can provide timely feedback to employees and identify gaps and potential to really maximise opportunities ensuring that there is a win-win for employers and employees.