Human Resources

Five False HR Analytics Beliefs That Hold Back Your Business

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Belief: Your instincts are more reliable than hard data

Let’s face it, humans are fallible: we’re easily led by things like cognitive bias, or believing things without checking the facts first. We tell ourselves that there are some things, such as our gut instincts, that machines just can’t replace.

But what if your gut is giving you suggestions that fly in the face of evidence? There’s a good chance that it’s working under incorrect suppositions. Instead of fighting against the facts, use your feelings on these matters as a way of providing insight.

Belief: You need big data, or data you don’t have

Data doesn’t have to be terribly complex or difficult to obtain in order to be useful. Don’t be afraid to start with relatively straightforward numbers that you have to hand. Something as simple as a survey can get you access to employee engagement and satisfaction numbers.

Belief: You need big data, or data you don’t have

Data doesn’t have to be terribly complex or difficult to obtain in order to be useful. Don’t be afraid to start with relatively straightforward numbers that you have to hand. Something as simple as a survey can get you access to employee engagement and satisfaction numbers.

Belief: Only a data scientist is qualified to lead your analytics projects

A data scientist might be the best person to perform the technical aspects of the project, but you need an individual who understands that the project is only valuable when tied to business objectives and outcomes. Ensure the project is led by someone who has a clear idea of what they need to achieve.

Belief: You need to employ full-time analytics professionals

Expanding your team to have more analytic professionals on board may be too costly, but your current team may not have the expertise necessary to perform well on projects. You can still gain access to analytics knowledge: call upon part-time consultants who can work on a project, or use a technology platform such as Hi Bob or Visier.

Belief: You need to learn the theory before you get stuck in

Preparing yourself is important to any task, but you’re always best to learn by doing. Don’t be afraid to let your team be overwhelmed by the task to some extent.

 

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