11 May 2017

Research: Human capital analytics and reporting: exploring theory and evidence

HR analytics is the use of people data and analytics tools to understand work and the workforce. This Chartered Institute of Personnel and Development research looks at how HR analytics can be used to measure and report on key aspects of HR activity, including performance management, engagement, and remuneration.

Key findings:

Modern professionals need to adopt a language which properly conveys the importance of human capital.
More critical research exploring a broad scope of outcomes, such as performance, productivity, wellbeing and engagement, should be sought.
Understanding people data and analytics should be a key aspect of the future professional standard.
The CIPD notes that human capital analytics may be able to change the way people professionals and their stakeholders view the value of the workforce.