1. Workforce analytics: Up the ante
Given the importance of talent and people, it's time to move
beyond instinct, gut, and tribal wisdom in making workforce
decisions. If you're not using workforce data and analytics to
drive your talent decisions, you may be behind the curve
— and at risk of losing your competitive edge. As HR
works with business leaders on the front lines, analytics are
becoming critical in making more effective decisions related to
workforce planning and recruitment, compensation, development
programs, and deploying critical talent.
Workforce analytics involves using statistical models that
integrate internal and external data to predict future workforce
and talent-related behavior and events. These models help companies
focus limited resources on critical talent decisions. For example,
models have been demonstrated to predict the likelihood that a
particular employee will leave in the next six months —
and can provide likely reasons for the
