NOVEMBER 2016HR TECH OUTLOOK6A majority of CEOs globally acknowledge that to beat the competition today, they need a human resource team which is highly data-driven. They need to know first-hand the reasons why people join, excel and stay, or leave an organization. Companies that are able to measure and analyze the metrics around employee life cycle are in a better position to compete in the global arena. From attracting the right talent and developing competencies, to growing business, an analytics driven approach clearly supports organizational goals and business objectives. With people analytics--where every employee is a collection of individual data points--taking the center stage, HR team can seamlessly correlate results from data streams, both external and internal. The people analytics momentum is resolving business challenges and not merely HR related issues. This helps in identifying the most suitable candidates, evaluating the effectiveness of training programs, predicting the performance consistency of high achievers and retaining talent. The insights can also help envisage ethical behavior of business leaders in different scenarios. Although the term `people analytics' has been on the horizon for some time now, many organizations are still gingerly stepping onto building relevant capabilities. The competitive advantages in discerning the metrics that bring about business transformation is too costly to ignore. It demands investments in this space and reskilling the analytics team. As a relatively new entrant, challenges persist in ensuring data quality, and building an integrated plan to implement and analyze data. Alongside the rapid adoption of analytics driven technologies, the real task will be in ushering the right change management practices to reinforce the business value derived from the insights.Today, there are scores of promising vendors that can offer integrated analytics capabilities. Leafing through these pages will help you on-board the data analytics bandwagon to outperform competition and transform the business.Let us know your thoughts.The Age of People AnalyticsHanna WilsonManaging Editoreditor@hrtechoutlook.comAaron PierceAlex D'Souza George Thomas Joshua Parker RMS Shiv Sarah FernandesEditor's NoteNOVEMBER - 2016Analytics SpecialMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKNovember - 2016, Volume 02, Issue 05 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Managing EditorHanna WilsonEditorial StaffSalesVisualizersShanell Jones Abigail Jonesabigail@hrtechoutlook.comT:+1 (510) 509-1721Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
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