Technology allows for modern processes
Predictive analytics is the word of the day in the HR world, and for good reason – utilising data for proactive HR work holds tremendous potential. This potential is as of yet largely untapped, however. HR analytics in the Nordics means largely basic HR reporting: On a scale of 1–4, the maturity of predictive HR analytics was seen, on average, to be a modest 1.59, whereas the equivalent number for traditional HR reporting was 2.48.
Predictive analytics requires new tools and resources. Finland is in good standing concerning setting up predictive analytics, because the relative prevalence of HR systems affords good possibilities for a shift from traditional reporting towards a large-scale proactive HR analysis. In addition to investing in systems, adequate resources for analytics need to be secured, and the relevant competence needs to exist in-house or with the right analytics partners. All in all, predictive analytics is a possibility to set a company apart and add significant value.