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Growth of ‘big data’ in the workplace will require adaptation by HR professionals and business leaders
WASHINGTON — The use and influence of workforce analytics, also known as “big data” is experiencing a transformative revolution. Its growing impact on the future composition of the workforce, HR and talent management, and overall business strategy will be inevitable during the next five to 10 years.
New research from The Economist Intelligence Unit (EIU), sponsored by the SHRM Foundation and IBM, identifies key trends affecting the global workforce and work culture, along with challenges facing senior business leaders and HR management professionals.
Press briefing: Beth McFarland, director of the SHRM Foundation, will be available for questions about the report via conference call at 10 a.m. ET today, Tuesday, June 21. For dial-in instructions, contact SHRM Media Relations at Sundra.Hominik@shrm.org or Kate.Kennedy@shrm.org.
The report, Use of Workforce Analytics for Competitive Advantage, was released today at the SHRM 2016 Annual Conference & Exposition being held in Washington, D.C. Key findings include:
“Workforce analytics is transforming human capital strategy,” said Mark Schmit, executive director of the SHRM Foundation. “This new report can help HR and business leaders prepare for the future and leverage the power of analytics to generate important business insights.”
Organizations seeking to effectively use workforce analytics will certainly encounter some obstacles. Recommendations for overcoming these obstacles include:
The report is part of a three-year research series including validation reports, articles, videos and infographics that identify emerging trends on workforce issues.
For the full research report, videos and infographics, visit http://futurehrtrends.eiu.com.
Media: To request an interview or to receive dial-in instructions for the press briefing, contact Sundra Hominik of SHRM Media Relations at 703-535-6273 and Sundra.Hominik@shrm.org or Kate Kennedy at 703-535-6260 and Kate.Kennedy@shrm.org.
About The Economist Intelligence Unit
The Economist Intelligence Unit is the world leader in global business intelligence. It is the business-to-business arm of The Economist Group, which publishes The Economist newspaper. As the world’s leading provider of country intelligence, The Economist Intelligence Unit helps executives make better business decisions by providing timely, reliable and impartial analysis on worldwide market trends and business strategies. More information about The Economist Intelligence Unit can be found at www.eiu.com or follow us on Twitter @theeiu.
About the SHRM Foundation
The SHRM Foundation was founded in 1966 as a 501(c)(3) not-for-profit affiliate of the Society for Human Resource Management (SHRM). The SHRM Foundation advances global HR knowledge and practice by providing thought leadership and educational support, and by sponsoring, funding and driving the adoption of cutting-edge, actionable and evidence-based research. Visit www.shrm.org/Foundation and follow us on Twitter @SHRMFoundation.
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