Companies may be embracing technology to help manage core HR systems such as pay roll, succession planning, recruitment and L&D, but there is still a long way to go before the true commercial value of HR analytics can be realised.
The potential is significant, however many companies are still only providing HR reporting which is backward-looking actuals based, rather than predictive and linked to company strategy”, said Claire Collins, head of HR finance at BP. So what is needed in order to make this transition successfully?
Two major challenges remain top of the agenda; effective data integration and the re-evaluation of HR. Our research shows that very few companies believe there is one IT system capable of handling all the necessary applications on a global scale.
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