Reinventing HR, downsizing HR and big data analytics for HR have all been hot topics this week. Read on to learn more.
- HR downsizing seen as potentially dangerous trend Employee Benefits News: “According to Boro, the short-term benefits achieved from HR outsourcing can stifle business operation and management, as well as block real person connections. He notes that small firms are in dire need of HR departments, even those who are craving immediate financial savings.”
- The beginner’s guide to HR and Big Data HR Morning: “You’ve likely heard the term – which refers to collecting and analyzing vast amounts of info, in this case on employees and applicants – and you may be aware of its benefits for the workplace. But what you may not know is that Big Data is starting to become available to more than just the Googles and the Intels of the world. Even better: Big Data can make HR’s decision making process more objective, potentially decreasing or eliminating crippling lawsuits or unseen biases.”
- Reinvent HR: Put Employee Engagement Back Into The Heart Of Business Strategy Business 2 Community: “Treat the entire workforce like an investment portfolio. Every company claims that its employees are its most valuable asset. But this statement cannot be entirely true until business leaders view payroll as an investment and not as a liability cost. When regarded as an investment in the future of the business, employees feel a sense of purpose and value. This requires HR to step up its emphasis on meeting shifting needs over time and investments in learning and development. By paying attention to building organizational capabilities, businesses have a better chance of delivering the results they expect now and in the future.”
- How HR analytics can transform the workplace CITEworld: “Choosing an HR analytics SaaS vendor, however, comes second. First it’s important to determine what you want one for. If it’s for something relatively specific, it’s probably best to focus on smaller vendors, who not only likely would cost less, but would be more likely to customize solutions for clients.”
- Not Using Big Data for Hiring? You May Be Missing Out on the Best Candidates. Entrepreneur: “Many HR departments and C-suite managers wrongly assume that Big Data’s role is to determine if an employee should be let go or could perform better in another position. But employers can use computers and software to objectively evaluate a candidate based on skills, experience and knowledge before an interview — and remove bias from the process. Consider a candidate whose resume displays a history of job hopping. A recruiter’s initial thinking might be that this person lacks loyalty to employers. Yet research tapping Big Data has found that frequent job changers did not perform any better or worse than those with long-term employment.”