• Datafication Of Human Capital

What Every Business Leader Should Know Before Translating People Into Numbers

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Why are so few organisations successful with applying Human Capital Analytics? What are the benefits of HCA? And why should we care? The experts of Bright & Company wrote an opinion article about the impact of ‘Datafication of Human Capital’ in ABRI magazine. Read the first part of the article below, or click here for the full article.

‘Our Human Capital is key to our organizational success’: it is hard to find an organization that does not somehow subscribe to this view. These organisations are right too, there’s no doubt about that. But living in the era of Big Data and Human Capital Analytics means organisations cannot afford to make these claims any more without putting their money where their mouth is.

In other words, we would expect organizations to use data-driven decision-making for their human capital investments, actively increasing organizational success by predicting and influencing their human capital impact. After all, we are still living in times of crisis, when numbers matter more than ever and every investment is scrutinized carefully. Moreover, with the ability to quantify human capital impact and making the results of human capital investments ‘tangible’, finally there is a solution to a justification problem that has haunted so many organizations – the HR department in specific.

One would expect every organization to want a slice of the Human Capital Analytics cake and jump straight into the movement. Surprisingly, however, a mere 4% of organizations have successfully made steps in this area. ‘Why such a low number?’, you might ask? Let us try to answer this question.

Click here to read or download the full article. The full article ‘Datafication Of Human Capital: What Every Business Leader Should Know Before Translating People Into Numbers’ has been published in Amsterdam in Science, Business and Society magazine of the Amsterdam Business Research Institute (ABRI), no.1 2015.

 

 

Photo credits: Flickr/ Danna

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