As enterprises today are undergoing major technological paradigm shift, artificial intelligence and big data analysis are gradually transcending from mere fad to important requisites for organizations. The HR sector is increasingly experiencing the influence of such cutting-edge technologies that are becoming a significant part of effective HR strategies. In order to stay abreast with other organizations, it is imperative for enterprises to adopt more robust talent acquisition and talent retention strategies. The conventional paper-based methods of hiring and onboarding of new employees are being taken over by IoT devices as candidates prefer putting in information on a website or social platform as per their convenience from devices they prefer. Implementing AI in talent analytics and talent assessment tools is proving particularly fruitful as it can scrutinize data patterns in huge data sets and choose competent interviewees.
Predictive HR analytics, leveraging big data, is propitious for a company as in-depth analysis of data patterns can help anticipate the future trends in an industry and accordingly help in hiring the right person. Detailed analysis of employee data is helping HR gain better insights of employees and improving the quality of workforce of an organization. With the introduction of advanced algorithms in talent analytics, talent evaluation and employee training strategies are getting smarter over time.
In the past few months, a distinguished panel comprising of CEOs, CIOs, and analysts, including HR Tech Outlook editorial board reviewed and selected top 10 companies in the HR analytics domain. In our selection process we have evaluated a vendor’s competency to provide efficient as well as cost-effective HR analytics solutions across diverse industries. We have curated a list of 10 most promising companies who are at the forefront of tackling the challenges within HR analytics.
We present to you the “Top 10 HR Analytics Solution Providers - 2017.”