For the study, researchers surveyed more than 750 senior human resources and talent management executives worldwide about the correlation between effective people management strategies and overall business performance. Twenty percent of the respondents were from healthcare organizations.
The study defined leaders as those executives who said they had “excellent” performance in achieving at least two of their top three business objectives. The study found 72 percent of leaders believe their organizations are “very effective” at using data analytics to drive workforce strategy.
The study also found only 6 percent of “laggards” used data analytics to analyze their workforce to help achieve business objectives. The study defined laggards as those executives who said they had “average,” “fair” or “poor” performance in achieving their top three business objectives.
“Organizations that systematically measure and manage their workforces…are far more likely to achieve their most important strategic and business priorities,” said the study’s authors.
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