SOURCE: SilkRoad Technology

SilkRoad Technology

October 07, 2013 09:00 ET

New SilkRoad Report Shows Only 19 Percent of Companies Will Use Big Data for HR in 2014

86 Percent of Companies Lack Talent Management Integration, Stunting Strategic HR Efforts

CHICAGO, IL--(Marketwired - Oct 7, 2013) - Research from SilkRoad, a leading global provider of cloud-based talent management solutions, reveals that the majority of companies have severely siloed talent management technologies, leading to disparate data and workflow processes. Only 14 percent report integration of all major HR functions -- Recruiting, Onboarding, Learning, Performance, Succession and Workforce Planning. As a result, only 19 percent of companies will include Big Data in their 2014 HR strategy.

SilkRoad surveyed 380 HR professionals in July of 2013 to expose how the lack of integration amongst companies' talent management processes negatively impacts their ability to make strategic HR decisions. A copy of the full survey and report, "2013 Integrated Talent Management Survey: Strategic HR: Integrating Data and Applications for Business Advantage," can be found at: http://pages.silkroad.com/rs/silkroad/images/Integrated-Talent-Management-Survey-Report-2013.pdf.

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"Most companies are sitting on a goldmine of workforce information," said John Shackleton, SilkRoad's President and CEO. "But they're missing opportunities to find meaningful patterns and trends because their talent management technologies don't share data."

Top Findings
Integration:

  • The majority of survey respondents (18 percent) had only two HR functions integrated -- recruiting and onboarding.
  • Among companies with some level of integration, 97 percent were either fully or partially automated. For respondents without integrated functions, only 71 percent had this level of automation.
  • The top three problems resulting from a lack of integration were: inconsistent workflows and processes (59 percent), a lack of critical data and analytics (59 percent), and duplicate efforts (56 percent).

Social, Mobile:

  • The majority of respondents (57 percent) plan to incorporate social technology in their HR strategy. They believe that recruiting (82 percent), learning and development (62 percent), and onboarding (56 percent) are the processes that stand to benefit most.
  • 56 percent of respondents feel it is important that social technology applications for HR have mobile capabilities. However, only 27 percent of respondents can currently access their company's HR data through mobile devices.

Big Data:

  • HR professionals believe that Big Data will be most effective in workforce planning (52 percent) and talent acquisition (44 percent). However, only 19 percent of companies plan to include Big Data in their HR strategy for 2014.

Methodology
SilkRoad conducted the "2013 Integrated Talent Management Survey: Strategic HR: Integrating Data and Applications for Business Advantage" online in July of 2013, with responses from 380 HR professionals in Recruiting, Learning, Development, and other HR practices. Of the respondents, 89 percent plan, manage, or administer Recruiting, Learning, Development, or other HR programs at their organizations. Nearly 60 percent have more than 10 years of experience in the field and 83 percent have five or more years of experience. Nearly 50 percent have more than 1,000 employees at their company.

About SilkRoad
SilkRoad® is a leading global provider of cloud-based, end-to-end HR solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad® Life Suite® includes Talent Acquisition, Talent Development, and HRMS solutions that are delivered through a Talent Portal to drive greater engagement, collaboration, and user adoption. The suite is easy to deploy, easy to use, and affordable for businesses of every size. Visit www.silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-312-574-3700.

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