The new report on the Global Workforce Analytics Market from Grand View Research (GVR) predicts that the market will grow at a 16% CAGR from $430.9 million in 2015 to touch $1.87 billion by 2025. The report also reveals that workforce analytics will be more widely adopted to help optimize workforce, develop workforce performance metrics, reduce operational costs, and stimulate market growth. HR analytics, a discipline that started as a small technical group that analysed engagement and retention, has now gone mainstream. Predictive analytics tools from many HR technology vendors have arrived, making it possible to analyse data regarding recruitment, performance, employee mobility, and other factors.
While widespread adoption might be limited, HR analytics has grown from a technical specialist group to a serious business function that must meet the needs of many stakeholders throughout the company. Post the immense success of our first edition, bridging the gap between 'want to' and 'need to', Inventicon presents the 2nd HR Analytics Summit which promises to bring together stirring sessions, prudent panel discussion and avant-garde keynotes to help strategize your workforce planning.