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There is no denying the value of People Analytics. However defining, creating and executing an HR Analytics Strategy can be extremely challenging.
People Analytics, also known as talent analytics or HR analytics, refers to the method of analysis that can help managers and executives make decisions about their employees or workforce.
People analytics applies statistics, technology and expertise to large sets of talent data, which results in making better management and business decisions for an organization.
People analytics is a new domain for most HR department. Companies are looking to better drive the return on their investments in people. The old approaches of gut feel is no longer sufficient.
WHAT ARE THE BENEFITS OF PEOPLE ANALYTICS?
People analytics helps organizations to make smarter, more strategic and more informed talent decisions. With people analytics, organizations can find better applicants, make smarter hiring decisions, and increase employee performance and retention.
Cornerstone’s suite by People Analytics products apply sophisticated data science and machine learning to help organizations more efficiently and effectively manage their people. Cornerstone’s analytics suite give organizations options for viewing, understanding and acting on talent across the entire employee life cycle.