Four For Friday: HR Analytics Trends for 2016
Every Friday, The DDR shines a light on the best data-centric articles and resources from across the internet, social media, and industry.
It’s hard to believe, but 2015 is almost over. This past year was a very important one for data-driven HR, and it appears that momentum is going to carry over into 2016. So what trends can leaders and industry professionals expect to see for HR analytics in 2016? That is the subject of this week’s Four For Friday.
Infographic: 4 Key Global Recruiting Trends to Watch in 2016 (Social Talent)
The 5th edition of LinkedIn’s Global Recruiting Trends report revealed some very interesting information about talent acquisition. The survey results show a key theme is emerging for talent acquisition in 2016: relationship building. Out of the four trending topics, relationships appear to be what connects them all. Check out this blog post on the Social Talent blog to view the infographic from the LinkedIn report.
“In my opinion, 95% of all the work that is done on recruiting metrics ends up being a waste of time, because the work focuses on creating historical tactical metrics never actually used to improve recruiting performance,” says Dr. John Sullivan, a recruiting metrics expert. He says there are 3 reasons why there are failures and wasted time when it comes to metrics:
- Recruiting metrics omit any “big-picture” business impacts
- Current recruiting metrics are 100% historic
- Once collected, the metrics are reported to “barley interested eyes”
Dr. Sullivan then goes on to recommend six strategic categories of recruiting metrics that will help your efforts:
- The positive performance increase added by more productive hires
- The failure rate of new hires and the damage done by weak hires
- The losses created by a weak hiring process
- The opportunity costs of “missed” landable top talent
- The cost of using excessive hiring manager hours
- Calculate the ROI of the overall recruiting function
Learn more about each in Dr. Sullivan’s post on the ERE blog.
“The transformation of talent management through analytics will be one of the most important trends for HR leaders in 2016, according to a new research report.” The report, What’s Next For HR in 2016? 11 Trends from HR Leaders, also recommends that HR take a look at its entire process and make sure it focuses on areas where it can have the most business impact. The report also said there were four important trends for HR leaders in 2016:
- Analytic transformation of talent
- The collaborative enterprise
- Workforce of the future
- Next generation functional effectiveness
Big Data No Longer a Buzzword for HR (Bdaily)
A recent research study by Cascade HR showed that big data is not a buzzword feared by human resources anymore. The study found that HR leaders are even prioritizing its importance. 82% of mid-senior HR practitioners said data has grown in importance in their business over the last year, while 89% expect HR metrics will have an even bigger impact over the next three years. Check out the article for even more results from Cascade’s study.
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