The article discusses how HR and reward teams can leverage data to prove their value and influence strategic decisions within organisations. As pressures mount from business leaders for evidence-based practices, the integration and analysis of various data types become crucial for showing the effectiveness of employee benefits and wellbeing programmes.
Key Points
- HR professionals face increasing pressure to show the value of their benefits and wellbeing programmes.
- Integration of multiple data sources, such as employee feedback and claims, is essential for proving benefits’ worth.
- Over 30% of benefits proposals are rejected due to insufficient evidence.
- Six practical steps to enhance strategic impact include defining outcomes, tracking costs, and reporting regularly.
- Data skills gaps exist in many HR teams, highlighting the need for external support to manage benefits data effectively.
- Benchmarking should be paired with internal data to address specific workforce needs.
Why should I read this?
If you’re in HR or rewards, this article is essential reading! It’s all about using data to shout about the value you bring to the table. With increasing scrutiny on HR budgets and programmes, knowing how to harness and present data can set you apart and help your initiatives really make an impact. Plus, it provides actionable steps to improve your data game—worth the time to dive in!
