October 13, 2009 – Research from the Aberdeen Group finds that organizations with human capital reporting and analytics capabilities in place are significantly outperforming organizations without these capabilities.
The research report, "Intelligent Human Capital Management: Workforce Analytics Drives Profit and Performance” showed that leading organizations are much better at providing line managers with usable data on the workforce, where up to 45 percent of managers have immediate access to current HCM data on their team members at their desks.
Organizations with workforce analytics on average achieved a 4 percent improvement in both profit and revenue per employee, plus an 11 percent year over year improvement in employee performance. In comparison, those organizations not using analytics to help make decisions about their workforce suffered a 1 percent drop in revenue and a 5 percent reduction in profitability.
"Our research found that the top performing 20 percent of organizations saw as much as an 11 percent improvement in profit per employee, and a 6 percent growth in revenue per employee," said David White, senior research analyst, Aberdeen Group in a statement.
To obtain a complimentary copy of the report, visit Aberdeen's Web site.
Valerie Valentine is senior editor for Information Management. You can follow her on Twitter at @va1va1entine or via email at valerie.valentine@sourcemedia.com.
Be the first to comment on this post using the section below.