UK HR Managers are investing significantly more of their HR budgets in people data analytics and reporting, compared with HR Managers in Ireland.
New research has found that over three quarters (78%) of UK HR managers spend 30% or more of their HR budget on people data analytics, compared with just over half (56%) of Irish HR managers.
People data allows organisations to gain insights into how employees work to improve strategies and drive change. Examples of people data include information from staff surveys, business intelligence systems and HR tech software.
Conducted by Maynooth-based MHR International, the global HR and Payroll software and finance consultancy company, the survey of over 250 HR managers and Directors in Ireland and the UK also shows that only 18% of Irish HR managers share their people data with their own employees.
Eamon Rheinisch, General Manager, MHR Ireland, said: “Analysing people data is critical to any organisation to improve its processes and drive change for the better across a range of areas including employee retention, recruitment strategy, salary modelling, payroll, equality and diversity and learning and development.
It’s clear from our research that HR Managers in Ireland are being outspent by their UK counterparts when it comes to people data analytics and reporting. Investing in proper systems to analyse and process people data allows organisations to unlock the potential of their workforce and uncover valuable insights to realise tangible returns through better employee engagement, more efficient and accurate operations and better productivity.”
When it comes to inaccuracies in reporting of people data, Irish HR managers found that duplicated information (62%), using different systems (52%), and outdated information (46%) as the main challenges, according to the survey.
The survey was conducted by MHR International, in partnership with Censuswide research. This comprised of a survey of 250 Managers and Directors in HR across Ireland and the UK.
The survey can be accessed here https://mhrglobal.com/uk/en/explore/unlock-people-data
