HRO Today April 2014 - 54

Market Insight
Figure 4
HR data and analysis improvements planned for 2014
Source: Hackett Group's 2014 Key Issues Study
becomes available, the HR team must have the expertise
to do something with it. In our recent research on strategic
workforce planning, 46 percent of respondents agreed or
strongly agreed that at present, the HR group is largely
lacking in these skills. Recognizing this weakness, more
than half of HR functions are planning initiatives in 2014 to
improve their data analysis capabilities (see Figure 4).
HR is also changing the way it captures data about its own
performance and shares it with other parts of the enterprise.
While overall costs and turnover rates have been used
extensively in the past, HR functions are looking increasingly
toward return-on-investment (ROI)-based metrics to gauge
and communicate their success. For many years, the business
has needed better data about the return on its investments
in areas such as training and development. Now, HR is close
to cracking to code on how to quantify these returns.
Also on the horizon is an increased focus on productivity
measurement across disparate functions and industries.
This will lead to HR being able to realign resources to the
activities and services that provide the best return on
budget dollars and staff time invested. All of these data
and technology-related initiatives will bring HR into closer
partnership with the business, highlighting HR's value
contribution. When ROI can be clearly illustrated, better
strategic discussions will follow about where to make
investments in HR programs.
Strategic Implications
HR needs to continue developing a business-focused
orientation, realigning resources as needed to support the
achievement of business goals. There is no room in budgets
or staffing plans to add this functionality, so it must be
achieved by changing the way that services are delivered.
For business executives to think of HR as a value-adding
business partner, HR must demonstrate integrated
talent management practices. These need to take into
consideration both the employee life cycle and the changing
talent needs of the businesses in which this talent is currently
deployed. Better data is a required foundation for achieving
a more thorough understanding of the talent in place
today and what is needed to deliver on future strategies.
And, the integration of business planning data along with
employment market data will help HR identify and act on
early warnings about risks.
Nathalie Bression is practice leader of human resources executive advisory
program; Harry Osle is principal in charge of global human resources
transformation and advisory services; and Lynne Schneider is senior
research director for The Hackett Group.
[54]
HRO TODAY MAGAZINE | APRIL 2014

HRO Today April 2014

Table of Contents for the Digital Edition of HRO Today April 2014

HRO Today April 2014 - 1
HRO Today April 2014 - 2
HRO Today April 2014 - 3
HRO Today April 2014 - 4
HRO Today April 2014 - 5
HRO Today April 2014 - 6
HRO Today April 2014 - 7
HRO Today April 2014 - 8
HRO Today April 2014 - 9
HRO Today April 2014 - 10
HRO Today April 2014 - 11
HRO Today April 2014 - 12
HRO Today April 2014 - 13
HRO Today April 2014 - 14
HRO Today April 2014 - 15
HRO Today April 2014 - 16
HRO Today April 2014 - 17
HRO Today April 2014 - 18
HRO Today April 2014 - 19
HRO Today April 2014 - 20
HRO Today April 2014 - 21
HRO Today April 2014 - 22
HRO Today April 2014 - 23
HRO Today April 2014 - 24
HRO Today April 2014 - 25
HRO Today April 2014 - 26
HRO Today April 2014 - 27
HRO Today April 2014 - 28
HRO Today April 2014 - 29
HRO Today April 2014 - 30
HRO Today April 2014 - 31
HRO Today April 2014 - 32
HRO Today April 2014 - 33
HRO Today April 2014 - 34
HRO Today April 2014 - 35
HRO Today April 2014 - 36
HRO Today April 2014 - 37
HRO Today April 2014 - 38
HRO Today April 2014 - 39
HRO Today April 2014 - 40
HRO Today April 2014 - 41
HRO Today April 2014 - 42
HRO Today April 2014 - 43
HRO Today April 2014 - 44
HRO Today April 2014 - 45
HRO Today April 2014 - 46
HRO Today April 2014 - 47
HRO Today April 2014 - 48
HRO Today April 2014 - 49
HRO Today April 2014 - 50
HRO Today April 2014 - 51
HRO Today April 2014 - 52
HRO Today April 2014 - 53
HRO Today April 2014 - 54
HRO Today April 2014 - 55
HRO Today April 2014 - 56
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-chro-today-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/chro-today-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-1014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hrot-january-february-2014
https://www.nxtbookmedia.com