HR has the potential to become a revenue generator for those organizations that are able to leverage data and analytics in order to make better decisions for the business
Chicago, USA (PRWEB) October 23, 2016
Adoption of analytics in HR has, to date, been relatively slow in comparison to other departments, with many still reliant on basic reporting, ad-hoc requests, and low complexity descriptive analytics. A number of factors have contributed to this lag, such as disjointed HR data systems, insufficient technical expertise, and a lack of investment in appropriate technologies.
HR departments who are not using analytics are failing to realise the many benefits it can bring, from better understanding the drivers of performance and retention, to making better recruitment decisions using statistics.
The HR & Workforce Analytics Innovation Summit will take place this November 29–30 at the Swissotel in Chicago, where more than 25 speakers from a diverse range of industry leading companies will share their experience to help attendees realize the potential of analytics in HR.
Among the speakers will be Gustavo Canton, Senior Director of Research at Walmart. He will describe how the retail giant put in place the infrastructure needed to affect large scale changes in HR analytics, and its potential to drive growth within the organization. Speaking to us ahead of the summit, he noted that: “HR has the potential to become a revenue generator for those organizations that are able to leverage data and analytics in order to make better decisions for the business and allocate the right talent to the right part of the business at the right time. Departments such as Marketing, Technology, and Market Research, among others, have been using sophisticated modeling techniques for decades and are more familiar with analytics so are able to digest it easier, plus it gives them an advantage on how they influence c-suite executives on how to make decisions. We are on the right path in HR and the faster we start our journey, the faster we will achieve the next maturity level.”
Also among the speakers at the summit are Head of SWP at Facebook, Ross Sparkman, VP of Talent Management & HR Business Partner at Sears Holdings, Tiffany Morris, and Brad Janisch, Director of HR Strategy & Analytics at McDonald’s, and many others. They will cover a range of topics and lead discussion with 150+ delegates around all aspects of making the most of data collected by HR, from understanding the complexity of people analytics to identifying critical employee events.
Curator of the event Alex Lane noted that: “HR departments are increasingly realizing the benefits of analytics, and decision makers are starting to see the potential for growth in ensuring they have the tools and knowledge in place to make the most of their data. We have organized this summit with the goal of providing HR practitioners with this knowledge, and the high quality of speakers should ensure attendees bring a wealth of insights back with them to their organization.”
Check out the two-day schedule, expert-led case studies and speaker lineup here.
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.