The Importance of Data in HR

Data plays a critical role in human resources, yet many organizations fail to adequately track and analyze employee-related metrics. A staggering percentage of payroll and benefits costs can often overshadow the lack of attention given to people data, with many companies possessing more robust analytics on customer and product information. Commonly, HR departments do not know essential metrics, such as employee numbers, overtime costs, or reasons for attrition, highlighting a significant data gap. This oversight is considered detrimental, as effective HR data is necessary for informed decision-making regarding workforce management and performance.