The years of 2020 and 2022 are on a collision course. If you want to make your company the most attractive employer in America, it’s time to start paying attention to what will happen next year!
The “2021 hr trends shrm” is a statistic that shows the changes in HR analytics over the next 5 years. The data was collected from a study done by SHRM.
HR analytics data show that this is a rapidly expanding field that has yet to achieve its full potential.
Human resources are progressively being transformed by HR analytics, often known as people analytics. Employers and managers may make rational judgments concerning their workforce and workers with their assistance.
Let’s explore which HR analytics data may assist us out then!
Statistics on HR Analytics that Matter
- Sixty percent of HR executives want to increase their investments in predictive analytics.
- Only 5% of businesses successfully use talent analytics.
- For 20% of HR executives, analytics is the most important HR endeavor.
- People analytics are used by 29% of firms to make a positive impact.
10 Facts About HR Analytics
1. People analytics, according to 85 percent of HR specialists, will play a significant role in the future.
According to a LinkedIn research, 85 percent of HR experts think people analytics will play a significant role in the future. Furthermore, in India, where 92 percent of HR experts believe the same, the percentage is much higher. 90 percent of South Asian professionals feel the same way.
LinkedIn is the source of this information.
2. People analytics are used by more than seven out of ten HR professionals to monitor and enhance HR operations performance.
HR professionals not only believe in the value of people analytics, but some are currently using them. People analytics are used by 72 percent of HR professionals to monitor and enhance the effectiveness of HR operations, according to the HR statistical analysis.
LinkedIn is the source of this information.
3. Between 2019 and 2021, 60% of HR executives anticipated to increase their investment in predictive analytics.
60 percent of HR executives said they want to increase their investment in predictive analytics during the next two years, from 2019 to 2021. Similarly, 53% stated they would increase their investment in better process automation and 43% in artificial intelligence.
KPMG is the source for this information.
4. Only 5% of businesses say they are successful in monitoring and using talent data.
In 2016, CEB Global conducted research on HR executives and came to the following result. Only 5% of firms successfully utilize talent analytics. It does, however, have a lot of promise. Furthermore, just 12% of businesses employ predictive analytics to make hiring decisions. However, 49% believe they will be able to do so in the future.
CEB Global/Gartner is the source of this information.
5. Only 20% of HR executives say analytics will be their key HR priority.
According to a KPMG research from 2019, just one out of every five HR executives (20%) claimed analytics will be their key HR endeavor in the next two years. Furthermore, 13% of respondents stated analytics was their top management priority.
KPMG is the source for this information.
6. Only 37% of HR leaders are highly confident in their ability to use AI and analytics to alter the workforce.
Just over one-third of HR executives (37%) say they are highly confident in their ability to use analytics and artificial intelligence to alter the workforce. However, around 66 percent believe that the workforce is experiencing a digital transition.
KPMG is the source for this information.
7. Improved HR analytics are required by 58 percent of HR executives in order to choose high-potential employees and identify future leaders.
According to HR and leadership data, 58 percent of HR executives want better HR analytics to identify high-potential employees and future leaders. According to a CEB Global data study, this is the case.
CEB Global/Gartner is the source of this information.
HR analytics are extremely helpful in providing insights to HR directors, according to 8.38 percent of HR professionals.
HR experts believe HR analytics are more successful at giving insights to HR executives than other stakeholders. According to the State of HR Analytics 2021 study, 38 percent of HR professionals believe this.
HR.com is the source for this information.
9. Only 29% of respondents say their firms are very or very effective at using people analytics to make a positive impact.
To begin with, just 44% of businesses are well or very good in gathering people analytics. Furthermore, just 29% of respondents say their firms are strong or very effective at utilizing people analytics to make a positive impact, according to The State of HR Analytics 2021 survey.
HR.com is the source for this information.
70 percent of firm leaders rank people analytics as a key priority.
When it comes to people analytics, seven out of ten business leaders believe it’s their top priority. However, it’s fascinating to watch how firms are handling people analytics with various team sizes, compositions, and organizational structures.
[email protected] is the source for this information.
The Final Word
Finally, HR analytics data show how various firms handle HR analytics and how significant they are to them. Furthermore, HR statistics may provide information on the status of the industry throughout the globe as well as how HR professionals can use these facts to their advantage. Finally, data on human resource management include information on hiring, recruitment, and interviewing patterns.
The “hr industry statistics” is an interesting look at what will be happening in the HR industry in 2022. It also includes a few key things that you need to know about the future of HR.
Frequently Asked Questions
What should HR focus on in 2022?
A: The US should focus on investing in research and development, since it is a major contributor to GDP. It should also invest more resources into the elderly care system, which will help both the senior citizens who need assistance and their children get married later on.
What are the biggest trends in the job market in 2022?
A: Some of the biggest trends include ethical use and development of artificial intelligence, cyber security threats to intellectual property, globalization.
What will HR look like in 2025?
A: I dont know!
I am a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer.。
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