‘Big Data’, ‘Talent analytics’, ‘Benchmarking’ etc.; we seem to be continuously bombarded with these and similar buzz words nowadays, but what do they actually mean? And can these new practices be of any help to you and your organisation?
Smart organisations have long relied on benchmarking (i.e. comparing their business processes and performance metrics with industry bests or with best practices from other industries) to help make strategic business decisions. In the same way, the talent data gathered in selection processes and in assessment centres could enable organisations to make better, evidence-based workforce decisions as well.