New research* with 681 senior managers and executives involved in HR, reveals that nearly one in five (18%) think the organisations they work for are inefficient when it comes to how they store and apply HR data. Only 28% say they are ‘highly efficient’ in this area.
The findings are from Zegami, the data visualisation platform helping businesses unlock their data potential. The company has recently launched a new HR data visualisation service called Zegami HR, that provides an in-depth analysis of a workforce.
- Zegami’s research also found that senior managers involved in HR, spend on average 5.2 hours a week in this area. Around 21% of those interviewed believe the organisations they work for are poor at managing employee well-being and benchmarking the personal growth of staff. Just 28% say they are ‘highly effective’ at this.
- One of the issues facing many organisations when it comes to their HR processes is that a number have old legacy systems. Zegami’s research found that 51% of respondents to its survey said the systems they use at work are over four years old, and 14% said they are more than seven years old.
- When it comes to how tech-savvy executives and managers are in using HR tools in their roles, only 22% said they were ‘very confident’, with 25% saying they were not confident at all.
- Despite these issues raised by Zegami’s research, the findings also reveal the importance employers place on their data and their ability to analyse it. Some 22% said it is essential they can do this, and that they are willing to pay for it, and a further 41% said they would consider paying to do this. Only 8% of senior managers interviewed who are involved in HR within their jobs said this was not important, and they would not pay to analyse employee data.
Samuel Conway, Co-Founder and CEO said: “Employers increasingly acknowledge the most powerful asset they have is their staff. However, many have a poor overview of their employees, which adversely effects how they utilise their workforce, identify issues that need addressing as well as who the key members of their team are, ensuring they feel motivated and don’t want to leave.
“However, many employers are waking up to their weaknesses in this area and investing heavily in new technology to address these issues, with organisations such as us.”
Zegami HR data visualisation service provides an in-depth analysis of a workforce. For example, based on a bespoke algorithm that Zegami has designed, it can consider several factors that affect whether someone stays in their current job or leaves. These include pay, changes to their marital status or where they live, to whether they have children, and using this Zegami HR can visually identify which employees could be looking to leave.