Most Human Resources teams understand the potential value of HR analytics, yet they continue to offer only generic and basic operational and transactional measurements – metrics that provide little in the way of predictive data or actual insights that could have a positive impact on the success of their organization.
This was confirmed in an Economist Intelligence Unit study, “Rethinking Human Resources in a Changing World” sponsored by KPMG International in the latter part of 2012. In the study of 418 global executives, 85 percent said their HR team doesn’t provide insightful and predictive analytics.
Yet if HR is to harbor any hope of proving its business value and earn its rightful place on the leadership team, senior HR managers need to approach analytics in a much more strategic way. To do so, the HR function needs to move measurement up a level and transform itself from a fundamentally administrative and back office operation into a strategic partner capable of showing company leadership how well the organization’s people programs are aligned with the business strategy and the value they’re adding to the company’s results.
People are the Real Numbers introduces the KPMG Strategic Workforce Framework and provides a roadmap for turning HR’s aspiration into reality. For a detailed report and insights, download a copy of the full report. (PDF 667 KB)