Data analytics & HR
Extracted from our Strategic HR Thinking Whitepaper
Data analytics is rapidly evolving from a ‘nice-to-have’ feature to a ‘must-have’ capability within HR. The potential to uncover actionable insights and make data-driven decisions can offer an unparalleled competitive advantage. In a recent report by WYWM it focuses on the importance of “measure, improve, repeat” and how by collecting data on diversity it can really help to drive change in the areas needed and most likely to strengthen policies in place.
Nonetheless, this emerging field comes with its own set of ethical considerations. This section navigates the intricate balance between leveraging machine learning for predicting employee behaviour and maintaining ethical integrity.
What This Whitepaper Will Discuss
Machine Learning Algorithms to Predict Employee Behaviour: We explore how machine learning transcends traditional HR methods like surveys, offering proactive insights into employee behaviour, turnover, and performance.
Implementation Guidelines: Detailed steps for deploying machine learning in HR will be outlined. This includes data gathering, model selection, training, and the necessity of continuous learning to adapt to new data, ensuring that the analytics evolve as the organisation does.
Privacy vs Insight: The compelling benefits of data analytics must be weighed against the privacy rights of employees and legal constraints. We discuss the balance between gathering actionable insights and adhering to ethical practices and privacy laws such as the GDPR.
Legal Considerations and Guidelines: This section will provide a comprehensive overview of the legal framework governing data analytics in HR, focusing on compliance with UK GDPR, the Data Protection Act 2018, and international data transfer regulations.
Ethical Considerations: The potential for data misuse and the existence of bias in data sets are significant concerns that can lead to unethical outcomes such as discrimination. We will examine strategies to mitigate these risks, including the establishment of governance structures to oversee HR analytics practices.
download the full white paper
The white paper, “Strategic HR Thinking: Aligning People and Business Strategy,” offers an in-depth analysis and strategic framework aimed at transforming Human Resources into a pivotal element of business success in the rapidly evolving corporate environment of 2024. As organisations grapple with unprecedented changes in the workforce, technology, and global market dynamics, this document presents HR not just as a support function, but as a critical business partner capable of influencing the strategic direction and resilience of businesses.
Exploring Key Themes and Trends
Interested in other themes of our Strategic HR Insights whitepaper? We’ve got you covered. Explore the key topics in easily digestible sections tailored to your interests.
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Business Challenges of 2024: Gain insights into the current and anticipated challenges facing businesses in the year ahead, and discover strategies to navigate them effectively. MORE ABOUT THIS TOPIC
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Talent Management in a Global Landscape: Explore the advantages of an ‘Anywhere Workforce’ and the shift towards skills-based recruitment, highlighting them as crucial strategic priorities for businesses aiming to gain a competitive edge. MORE ABOUT THIS TOPIC
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Employee Experience and Business Outcomes: Explore the evolving role of employee experience in driving organisational success. Learn how employee engagement, wellbeing, and equity initiatives contribute to productivity and retention, enhancing both tangible and intangible business outcomes. MORE ABOUT THIS TOPIC
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The Rise of Green Collar Workers and B Corp: Learn How Green Collar Workers and B Corps are shaping sustainable workplaces and ethical business practices. MORE ABOUT THIS TOPIC
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Utilising AI: Discover the potential of artificial intelligence in revolutionising HR processes, from recruitment and customer satisfaction to performance management and learning and development. MORE ABOUT THIS TOPIC
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The Rise of Asynchronous Working: Explore the benefits and challenges of asynchronous work arrangements, and learn how to effectively manage remote teams and promote work-life balance. MORE ABOUT THIS TOPIC
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Unconventional HR Trends Dividing the People Profession: Delve into emerging HR trends shaping the future of the profession, and gain valuable insights to stay ahead of the curve. MORE ABOUT THIS TOPIC