The Role of Predictive Analytics in HR: Anticipating Future Talent Needs
Table of Contents
- jaro education
- 29, April 2024
- 10:00 am
Companies are always looking for ways to stay ahead in managing their workforce. While crystal balls are just a myth, predictive analytics offer a real way to foresee business decisions by analyzing past and present data. This helps in hiring, addressing skill gaps, reducing employee turnover, and adapting to upcoming challenges.
A 2022 SkyQuest Technology survey shows a 50% increase in the use of predictive analytics, proving its importance in shaping strategic workforce decisions. Companies that use these analytics report a better understanding of their talent needs and improve HR operations. However, 42% of companies still haven’t adopted predictive analytics, missing out on valuable insights.
CUNA Mutual Group, an insurance company in Madison, Wis., shows the power of predictive analytics. By analyzing diversity metrics, they found that candidates of color tended to apply later in the job posting cycle, highlighting the need for timely adjustments.
This example shows how predictive analytics can uncover hidden patterns and drive meaningful change in organizations. It’s not just an option but a necessary strategy for success in today’s workforce landscape. In this blog, we will explore more on the role of Predictive analytics, and how it works with some case studies.
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