Caroline O'Reilly, GM of Analytics at Workday, discusses people analytics and its benefits in optimizing workforce strategies and enhancing employee performance. The podcast covers topics such as the challenges of fragmented data, strategic questions addressed by people analytics, the role of skills data, practical examples of use cases, and best practices for implementation.
People Analytics leverages AI and ML to surface insights from fragmented data, enhancing decision-making.
Skills-based hiring promotes diversity and inclusion, mitigates talent shortages, and integrates with people analytics initiatives.
Deep dives
Improving the Employee Experience through People Analytics
People Analytics is a vital tool for businesses to understand meaningful patterns in their people data, enabling them to enhance the employee experience and make faster decisions. The challenge lies in dealing with the vast and fragmented data within organizations, leading to a fear of missing out on valuable insights. To address this challenge, business leaders are turning to AI and ML to automatically surface the insights hidden in their people data. Additionally, organizations aim to make data more accessible to promote data democratization and increase data literacy among employees.
Components and Benefits of People Analytics
People Analytics involves combining internal and external data to gain insights into the organization's talent and make informed decisions. It encompasses areas like recruitment, skills analysis, tracking employee sentiment, diversity and inclusion, retention, and attrition. By leveraging tools like People Analytics, businesses can gain real-time data that accelerates decision-making, improves employee experiences, and promotes data-driven strategies tailored to unique business challenges.
Skills-based Hiring and the Importance of Skills in People Analytics
Skills-based hiring is becoming a transformative approach for many organizations, allowing them to supercharge their workforce, internally recruit, and mitigate talent shortages. By focusing on skills rather than traditional qualifications, companies can tap into previously overlooked talent pools. Skills-based hiring also fosters diversity and inclusion and reduces bias in the hiring process. Additionally, skills are being integrated into all aspects of people analytics, from talent management and mentoring to workforce planning and reskilling initiatives.
#hranalytics #workday #employeeexperience People analytics is a crucial part of the HR toolset, because it leverages data-driven insights to optimize workforce strategies, enhance employee performance, and improve organizational outcomes. To explore this topic, Michael Krigsman hosts a CXOTalk discussion with Caroline O'Reilly, GM of Analytics at Workday, and a leading expert in leveraging people data strategically. Key topics covered: ► The challenges of fragmented, siloed people data and the need for AI/ML to surface insights. ► Understanding the value of people analytics for accelerating decisions and solving complex business questions. ► Key strategic questions answered by people analytics, from hybrid work models to skills gaps. ► The types of data used, from surveys to performance metrics and more. ► How people analytics improves employee experience through listening tools and answering questions. ► The growing importance of skills data for hiring, mentoring, and reskilling. ► Practical examples of people analytics use cases at Workday and LeasePlan. ► Ensuring data security and privacy when leveraging people data. ► The role of AI and machine learning in automating people analytics. ► Advice for HR leaders on driving organizational adoption and building a data-centric culture. ► Best practices for implementing people analytics, from aligning with business strategy to utilizing AI/ML. Read the complete transcript: https://www.cxotalk.com/episode/what-is-people-analytics-with-workday
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