Making HR a Hero through HCM Analytics

Making HR a Hero through HCM Analytics

HCM Analytics for Our “Twitter” World: The same analytics that sales and marketing draw on to demand a larger share of the budget are missing from HR. Traditionally, HR has been able to provide little predictive information; thus, HR is only allocated 1 percent of the business intelligence budget, according to a 2011 Forrester report. Those HR professionals who are taking a larger share of the budget are doing it by providing HCM analytics that are predictive of the future of the organization and create actionable strategies for growth.

The most relevant HR reports for bottom line results are:

  • HR Performance KPIs
  • Retention reports
  • Workforce profile and compliance reports
  • Compensation reports

For years, HR professionals have been working for “a seat at the table”. Once that seat is achieved, however, how does HR bring relevant information to the executive team?

The same analytics that sales and marketing draw on to demand a larger share of the budget are missing from HR. Traditionally, HR has been able to provide little predictive information; thus, HR is only allocated 1 percent of the business intelligence budget, according to a 2011 Forrester report. Those HR professionals who are taking a larger share of the budget are doing it by providing HCM analytics that are predictive of the future of the organization and create actionable strategies for growth.

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