In the inaugural episode, co-hosts Ron Landis and Jennifer Miller introduce their podcast, People Analytics Deconstructed. They discuss the ever-growing field of People Analytics, sometimes also commonly referred to as HR Analytics or Workforce Analytics.
In this episode, we had conversations around these questions:
- What is People Analytics?
- What are some of the challenges that organizations face in the area of People Analytics
- What are some clear steps that HR professionals can take in the field of People Analytics to make the most out of their data?
Key Takeaways:
- The term 'People Analytics' has been growing in popularity since its arrival around 2005 and has joined other terms like HR Analytics, Workforce Analytics, and AI Data to represent the use of data driven insights about an organization's workforce. The term 'People Analytics' can be broken down into two components. First, analytics refers to the four step process of using data including determining what we want to know, collecting the right data to answer the question, using an appropriate technique to analyze the data, interpreting the analysis, and making a decision based on the question that was asked. Second, people refers to any aspect of the employee's experience at an organization from interviewing to leaving the organization.
- Ron and Jennifer identify and discuss four challenges that organizations face in the field of People Analytics. First, organizations need to ask the right question. Ensuring that the question is specific enough and will lead to insights and next steps is key to ensuring success. Second, organizations need to ensure what they're measuring is meaningful, replicable, and valid. Third, organizations have struggled obtaining talent to complete the 'People Analytics' function; individuals need to have skills in both human behavior and analytics. Finally, organizations need a robust data culture.
- At the end of the episode, Jennifer and Ron recommend steps for folks just starting out in this space all the way to the more advanced HR professional.
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