DEC - JAN, 2018HR TECH OUTLOOK6A data driven approach to human resources management is the key requirement for success in today's highly competitive market. Organizations that can measure and analyze the metrics on employee life cycle are in a better position to compete in the global arena. From attracting the right talent and developing competencies, to growing business, a strategy powered by analytics can clearly support organizational goals and business objectives.Employing analytics to HR can help an organization in multiple ways. To begin with, it can give insights into the reasons that compel people join, excel and stay or leave an organization. With multiple data streams from different employee touch points, HR teams will be empowered to make quick, insightful decisions related to an employee. The power of analytics goes beyond just people management. It can assist the recruiting and training processes as well, by identifying the most suitable candidates, evaluating the effectiveness of training programs, predicting the performance consistency of high achievers and retaining talent.While all these capabilities make analytics a most sought after requirement for a HR department today, many organizations are still gingerly stepping onto building relevant capabilities. The competitive advantages in discerning the metrics that bring about business transformation is too costly to ignore. It demands investments in this space and reskilling of the analytics team. Alongside the adoption of these innovative analytics tools, companies need to make sure that they have the right change management practices in place to reinforce the business value derived from the insights. In this edition of HR Tech Outlook, we are presenting to you the companies that are at the forefront of revolutionizing the analytics space.Write to us your thoughts.The Analytics Driven ApproachHanna WilsonManaging Editoreditor@hrtechoutlook.comDEC - JAN, 2018HR Analytics SpecialMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKDec - Jan, 2018, Volume 03, Issue 09 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Managing EditorHanna WilsonEditorial StaffSalesAaron PierceArijit Sarkar Ava Garcia Joshua ParkerPhilo VazRussell ThomasVisualizersAR RamjithEditor's Note Xavier Thomasxavier@hrtechoutlook.comT:+1 (510) 838-0854Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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