63% of employees felt diesngaged
43% of employees changed, or planned to change jobs in less than a year
33% of employees leave in less than 90 days
Something is broken in today’s workplace.
Low engagement, high attrition — this is because business leaders often make bad people decisions based on anecdotes and biases, rather than complete and trusted data.
69% of businesses say they are planning to invest in people analytics
However, there are many roadblocks for the average company to do this.
Data is not in one place
For most companies, HR data is scattered across multiple systems, or on spreadsheets. The average company has 7 different hr tools: HRIS, recruitment, performance management and more.
Limited budget and resources
Business Analytics systems are too expensive, and in house-tools can be difficult for managers and business leaders to fully utilise.
Lack of Expertise
Most companies don’t have a team of analysts focused on understanding their people data.