New Bersin by Deloitte Research Shows Organizations with High-Impact Talent Analytics Realize Major Financial, Leadership, and Recruitment Gains Bersin by Deloitte shows stock prices of organizations with high-impact talent analytics outperformed their peers by 30 percent over the last three years
LAS VEGAS, Oct. 7, 2013 /PRNewswire/ -- Bersin by Deloitte, a leading research and consulting firm empowering Human Resource (HR) organizations to drive bottom-line impact, today announced new tools to enable corporate talent analytics capability and new research that shows companies with high-impact talent analytics realize improved financial, leadership, and recruiting performance. The findings and related tools appear in Bersin by Deloitte's new research report, High-Impact Talent Analytics: Building a World-Class Measurement and Analytics Function, unveiled today at the HR Technology Conference in Las Vegas, Nevada.
Summarized in a complimentary WhatWorks® market brief, this Bersin by Deloitte research shows how organizations can drive bottom-line impact through talent analytics. The research shows that stock prices of organizations with high-impact talent analytics – those at the highest level of the new Bersin by Deloitte talent analytics maturity model -- outpaced those of the Standard & Poor's 500 by 30 percent in 2010-2013. Now available to WhatWorks® members via BersinInsights™, the personalized and integrated member information platform, the research includes a new set of diagnostic tools, education and benchmarking information.
"Analytics and Big Data have attracted outsized attention in the marketplace, but the reality is that most human resources organizations fall well short of mastering these capabilities," said Josh Bersin, principal, Bersin by Deloitte, Deloitte Consulting LLP. "Just 14 percent of organizations in our study use advanced or predictive analytics to solve talent challenges and to plan their future workforce initiatives."
The Bersin by Deloitte research, involving 435 U.S. and Canadian organizations and qualitative interviews with dozens of HR and analytics leaders, identified several factors associated with a mature organization's analytics function, including the skill sets of the team; data quality, the ability to "tell the story" behind the data so business leaders grasp the implications; dashboard capabilities; and the culture of the organization.
"Our research shows that organizations with sophisticated talent analytics functions see improvements in recruiting, leadership pipelines and talent mobility," said Karen O'Leonard, lead analyst, Bersin by Deloitte, Deloitte Consulting LLP. "Building capability in this area has become a critical priority for business and HR leaders; and will likely differentiate high-performing organizations in the future."
Register to join Karen O'Leonard and Josh Bersin in their online webinar "Driving to World-Class Talent Analytics," 2:00 p.m. ET/18:00 GMT October 31 and to hear more about how HR organizations can master capabilities for greater effectiveness.
Those interested in learning more about Bersin by Deloitte or its WhatWorks® membership may email firstname.lastname@example.org or call (510) 251-4400.
About Bersin by Deloitte
Bersin by Deloitte delivers research-based people strategies designed to help leaders and their organizations in their efforts to deliver exceptional business performance. Our WhatWorks® membership gives Fortune 1000 and Global 2000 HR professionals the information and tools they need to design and implement leading practice solutions, benchmark against others, develop their staff, and select and implement systems. A piece of Bersin by Deloitte research is downloaded on average approximately every minute during the business day. More than 5,000 organizations worldwide use our research and consulting to guide their HR, talent and learning strategies. For more information, please visit http://www.deloitte.com/bersin or http://www.bersin.com.
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