A research report from Aberdeen Group shows that organizations with human capital reporting and analytics capabilities in place are significantly outperforming organizations without these capabilities.
Companies using analytics on average achieved a 4% improvement in both profit and revenue per employee, plus an 11% year over year improvement in employee performance. In comparison, companies not using analytics to help make decisions about their workforce suffered a 1% drop in revenue and a 5% reduction in profitability.
"Leading organizations are much better at providing line managers with usable data on the workforce -- 45% of managers have immediate access to current HCM data on their team members at their desks," said David White, senior research analyst, Aberdeen Group.