In an age where data drives most business decisions, it’s hard to believe that 83% of companies still aren’t using advanced people analytics to drive success, improve performance, or simply become a better workplace.
If you fall into that group, you may feel like you’re in good company. But before you rest on your laurels, ask yourself why the remaining 17% do leverage advanced people reporting and analytics? What do they know that you don’t? And critically, what value do they get from it?
According to The Josh Bersin Company, businesses that use advanced analytics are 2.6x more likely to exceed their financial targets, 6.7x more likely to adapt well to change, and 7.7x more likely to innovate effectively.
That’s without even looking at the purely ‘people’ factor. Like creating a workplace 7.3x more likely to engage and retain employees.
So, the question isn’t why should you use advanced data analytics, but why wouldn’t you?