HR leaders, whether ‘data savvy’ or not, needs to get a vision of what HR analytics/insights/research can accomplish within their organization.
London, United Kingdom - San Francisco, USA (PRWEB UK) 25 May 2017
Human capital is among the most important factors of corporate success. It is, however, becoming increasingly hard to find. Competition for the best candidates is fiercer than ever, and companies are working hard to retain and optimize their current talent.
In order to do this, HR departments are increasingly turning to data analytics to find the best candidates, identify employees looking to leave, and pinpoint the ways they can convince them to stay. However, the function is still a relative laggard in comparison to others. In a recent survey of 398 of its members by the US Society for Human Resources Management (SHRM), 71% said that while their organization has data analysis roles within the accounting and finance department, just 54% have such roles in HR.
Ahead of his presentation at the upcoming HR & Workforce Analytics Innovation Summit in San Francisco, Robert Lanning, People Analytics Lead at oil and gas giant Tesoro Corporation, noted that “HR tends to be behind other departments, stereotypically. In organizations without a dedicated Analytics/Inisghts/Research function, you’ll typically find a resource or two with HRIS who helps with reporting (primarily compliance related or general interest – how many X employees do we have) or a good analytical expert within an HR sub-function (e.g., compensation, payroll, or org design). HR leaders, whether 'data savvy' or not, needs to get a vision of what HR analytics/insights/research can accomplish within their organization and then staff the function appropriately, with someone who has the vision as well (and not just the best Excel jockey in HR).”
The HR & Workforce Analytics Innovation Summit will form part of a global series of events focused on how organizations are utilizing data to optimize their human capital. More than 40 experts from the world’s leading companies will lead discussion, first in London on June 12-13 and then in San Francisco on June 19-20, discussing all of the latest developments in the field from using analytics to predict human behavior to empowering teams with self-service analytics.
Among the speakers taking the stage in London will be the Lead People Data Scientist at Nestle, VP of Global Human Capital MI and planning at HSBC, and British American Tobacco’s Global HR Process Owner. Meanwhile, joining Lanning in San Francisco will be Head of Strategic Workforce Planning at Facebook, Senior Workforce Planning Specialist at NASA, and the Senior Director of Integrated Talent Management at Gap.
Head of Big Data, Elliot Pannaman, said: “HR departments are becoming far more adept at utilizing their data, but they are largely still early in their journey. With more than 300 attending the two events and a really high calibre of speakers, this should really contribute towards HR departments at organizations of all size achieving full maturity.”
Innovation Enterprise Ltd, a division of Argyle Executive Forum, is a business-to-business media brand specializing in delivering the most innovative business solutions to executive-level decision makers. Innovation Enterprise produces a range on online and offline content, including, but not limited to, summits, online learning, webinars, and white papers, as well as offering other additional services such as lead generation and bespoke research.
Innovation Enterprise focuses on seven key channels - Finance, Supply Chain, Analytics, Big Data, Strategy, Digital, Innovation & Sports - to ensure that organizations are furnished with all the cutting-edge insights necessary to driving growth in the evolving business environment.