Use internal data to give recruitment a sporting chance, says AMS
28 November 2013
Companies should take a leaf out of sports teams’ book and use data about existing employees to better understand what to look for when recruiting, according to a new report by Alexander Mann Solutions (AMS).
Thu, 28 Nov 2013Companies should take a leaf out of sports teams’ book and use data about existing employees to better understand what to look for when recruiting, according to a new report by Alexander Mann Solutions (AMS).
In partnership with the HRO Today Institute, the recruitment process outsourcing (RPO) firm surveyed 381 HR and talent acquisition leaders globally, and found that while 90% of companies worldwide collect some kind of employee data, only half use that performance metrics to improve talent acquisition.
In fact, while most companies collect data, 32% do not actually examine this information in any way, despite strong evidence showing that those companies that do so outperform their competitors 58% of the time, achieving up to 200% better returns.
The most commonly collected data looks at employee performance appraisal ratings (73% of respondents), new hire retention (55%), and customer satisfaction (50%).
Key data that companies least regularly collect includes speed at which new hires are promoted (13%), the time taken to bring a hire to full performance (12%) and profit generated per employee (24%).
Comments AMS global director Jerry Collier: “Just as major sports teams harness physiological data to optimize their athletes’ training and performance on the field, businesses should analyse constructively, efficiently and meaningfully the masses of recruitment and employee data that they accumulate to drive real business value and outperform their peers.”
In partnership with the HRO Today Institute, the recruitment process outsourcing (RPO) firm surveyed 381 HR and talent acquisition leaders globally, and found that while 90% of companies worldwide collect some kind of employee data, only half use that performance metrics to improve talent acquisition.
In fact, while most companies collect data, 32% do not actually examine this information in any way, despite strong evidence showing that those companies that do so outperform their competitors 58% of the time, achieving up to 200% better returns.
The most commonly collected data looks at employee performance appraisal ratings (73% of respondents), new hire retention (55%), and customer satisfaction (50%).
Key data that companies least regularly collect includes speed at which new hires are promoted (13%), the time taken to bring a hire to full performance (12%) and profit generated per employee (24%).
Comments AMS global director Jerry Collier: “Just as major sports teams harness physiological data to optimize their athletes’ training and performance on the field, businesses should analyse constructively, efficiently and meaningfully the masses of recruitment and employee data that they accumulate to drive real business value and outperform their peers.”
