Four Ways High-Performance Organizations Excel at Workforce Analytics
Companies are using analytics in numerous ways to make talent decisions throughout the employee lifecycle. New research highlighted in the new i4cp/ROI Institute report, The Promising State of Human Capital Analytics , shows that workforce analytics is important to decision making in several areas of the talent management spectrum (see chart).
The research also identified what high-performance organizations do differently to gain insights that help them truly drive business performance and make strategic decisions based on workforce data.
Here are four ways high-performance organizations excel when it comes to workforce analytics:
1. Quality of Hire
On the talent acquisition front, over 3x as many high-performance organizations measure quality of hire than low-performing organizations. Quality of hire communicates the value an organization gets for effort and money spent on recruiting, as well as how effective the business is at assimilating its new hires into the organization.
2. Talent Mobility
Top companies are more likely to track talent mobility and measure manager success in moving talent, and are also 4.5x more likely to make the criteria for talent mobility transparent to the entire organization. Talent mobility can be used to engage top talent and build diversity into leadership pipelines.
3. Diversity & Inclusion
High-performance organizations are 2.5x more effective at leveraging diversity and inclusion for business outcomes.
4. Learning & Development
High-performance organizations are 6x more likely to evaluate the effectiveness of their learning and development programs than low-performing companies.
As vice president of marketing at i4cp, Erik is currently responsible for all marketing efforts for the company and works alongside several departments to execute organizational initiatives. He also oversees web development projects. Located in Seattle, WA, he brings over 15 years of Internet marketing experience, most of which are in the research industry.
Prior to i4cp, Erik worked as Internet Marketing Director at market research panel company GMI, where he was responsible for global online marketing and panel growth in several countries. He also managed the graphic design team and worked extensively with other departments on process improvements and plan development. GMI experienced exceptional revenue growth - several hundred percent - during his tenure. Prior to GMI, Erik founded FilmJabber.com, a movie review and information website that continues to grow in popularity and traffic.
Erik received a B.A. in Business Administration with a concentration in Management Information Systems from Western Washington University.